NdFeB Magnets Market analysis, according to DataM Intelligence, offers more than just an overview; it investigates the underlying aspects of the sector. The study provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.
Will the NdFeB Magnets market emerge as the sector’s next great thing? To discover the answer, look at the NdFeB Magnets market analysis and projections. In-depth insight of the opportunities, difficulties, and trends now impacting the Industry landscape is provided by this market research study, empowering industry participants to make informed decisions in a changing environment. Take advantage of the opportunity in the NdFeB Magnets market! (2031)
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The Global NdFeB (Neodymium Iron Boron) Magnets Market reached US$ 14.0 billion in 2022 and is expected to reach US$ 23.7 billion by 2031, growing with a CAGR of 6.9% during the forecast period 2024-2031.
NdFeB magnets, also known as neodymium iron boron magnets, are a type of rare-earth permanent magnet made from an alloy of neodymium, iron, and boron. These magnets are known for their high magnetic strength and are widely used in various applications, including electric motors, hard drives, wind turbines, and headphones. Due to their strong magnetic properties, NdFeB magnets are essential in many modern technologies, especially those requiring compact, powerful magnets.
Key Players:
Profiles of some of the major players in the global NdFeB Magnets market, which include:
Hitachi Metals, MMC Magnetics Corp., Vacuumschmelze, TDK, Zhenfhai Magnetic, Ningbo Yunsheng, Tianhe Magnets, Shougang Magnetic Material, Jingci Magne, and Integrated Magnetics
Industry Development:
In August 2022, NEO PERFORMANCE MATERIALS acquired a rare earth mining project in Greenland, previously owned by Hudson Resources. This acquisition strengthens NEO's ability to supply rare earth components to its permanent magnet production facility in Estonia, positioning the company to meet growing demand for critical materials in various industries.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global NdFeB Magnets market.
Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Type: Sintered NdFeB Magnet, Bonded NdFeB Magnet, Hot-Pressed NdFeB Magnets
By Coating: Uncoated, Nickel, Zinc, Epoxy, Tin and Others
By Magnet Shape: Block, Disc, Ring, Arc, Triangle and Others
By Application: Consumer Electronics, Industrial Motor, Energy-Saving Appliances, Vehicle, Wind Power, Medical Devices and Others
Regional Break out:
The global NdFeB Magnets Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
