Global Neodymium Iron Boron Magnets Market Research Report
- Report Code: NE 1000
- Publish Date: Upcoming
Neodymium iron boron magnets (NdFeB), also known as neo magnets, are the strongest permanent magnets available today with maximum applications in energy products. The global market for these magnets is growing on account of increasing applications. This market was valued at $8,155.03 million in 2013 and is expected to reach $12,728.01 million by 2019, growing at a CAGR of 8.90% from 2014 to 2019. The global market for neodymium iron boron magnets is majorly driven by the growing demand for high magnetic strength and miniaturization of equipment in existing and emerging applications.
The report, ‘Global Neodymium Iron Boron Magnets Market’, analyzes the NdFeB magnets market by application for seven major areas, namely, consumer electronics, general industrial applications, automotive, medical technology, environment & energy, aerospace & defense, and others. All these applications have experienced growth until 2013 and the trend is expected to continue in the coming years.
Consumer electronics holds a majority of the share of the NdFeB magnet market with a market value of $2,060.25 million in 2013, estimated to grow at a CAGR of 6.80% between 2014 and 2019. Neodymium iron boron magnets are preferred for most applications because of their superior performance with the smallest volume. Aerospace & defense and automotive markets have been witnessing the maximum growth because of modernization and electrification to improve efficiency. The automotive market was valued at $1,703.4 million in 2013 and is estimated to grow at a CAGR of 10.50% by 2019. The increasing focus on environmental protection has led to the development of clean energy sources such as wind energy. Wind-generating and water turbine markets offer more growth opportunities for NdFeB magnets.
This report covers the global market for neodymium iron boron magnets by region, covering North America, Asia-Pacific, Europe, South America, and Middle East and Africa. Asia-Pacific is the dominant region for the production and use of NdFeB magnets. South America’s market is estimated to experience high growth and is projected to grow at a CAGR of 12.30% for the forecasted period. The market in Asia-Pacific is growing at a fast pace due to rising demand from end-user industries, especially in countries such as China and Japan. The market is growing slowly in Europe and Eurasia, but it will continue to grow at a significant pace in the North American region.
This report estimates the global market size of neodymium iron boron magnets both, in terms of volume and revenue. It is focused on a detailed study of its applications in different countries. It also provides a comprehensive review of important drivers, restraints, opportunities, and key issues in the global market for neodymium iron boron magnets. It includes an extensive competitive landscape of companies operating in this market, along with their company profile and competitive strategies. These companies include Hitachi, Shin-Etsu Chemical Co., Ltd., Lynas Corporation, Ltd., Molycorp Chemicals and Oxides, Inc., Hangzhou Permanent Magnet Group, Ningbo Yunsheng High-tech Magnetics Co., Ltd, Daido Steel Co., Ltd., and JPMF Guangdong Co. Ltd.
Report Customization Options
Along with market data, you can also customize MMM offerings that are in keeping with your company’s specific needs. Customize your report on the global market for neodymium iron boron magnets to get an insight into all-inclusive industry standards and a deep-dive analysis of the following considerations:
- Detailed analysis and new developments in the supply chain of rare earth permanent magnets
- Market volume (application wise and country wise)
- Competitive landscape which gives a detailed comparison of the portfolio of each company mapped at regional and country level
- Analysis of the primary raw materials (neodymium, dysprosium) going into rare earth magnets
- Top five market strategies adopted by major market players
- Detailed analysis and profiling of additional market players (up to 5)
- Detailed analysis of ongoing research & development activities of permanent magnets
- Scale analysis
- Comparison with respect to the global permanent magnet market
- New technology trends in the market
- New product developments in the market
1 Introduction
1.1 Analyst Insights
1.2 Market Definitions
1.3 Market Segmentation & Aspects Covered
1.4 Research Methodology
2 Executive Summary
3 Market Overview
4 By Applications
4.1 Electrical & Electronics
4.2 Industrial Machinery
4.3 Automotive Materials
4.4 Aerospace & Defense
4.5 Wind Energy
4.6 Medical Devices
4.7 Other Applications
4.8 Other Applications
5 By Ingredients
5.1 Boron Minerals
5.2 Neodymium
5.3 Iron
6 By Geographies
6.1 Asia-Pacific
6.2 Americas
6.3 Europe
6.4 Rest of World
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Asia-Pacific Neodymium Iron Boron Magnets The Asia-Pacific market for neodymium iron boron magnets is growing on account of increasing applications. This market was valued at $6.45 billion in 2012 and is expected to reach $10.35 billion by 2018, growing at a CAGR of 9.10% from 2013 to 2018. The market is majorly driven by the growing demand for high magnetic strength and miniaturization of equipment in existing and emerging applications. |
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Europe Neodymium Iron Boron Magnets The neodymium iron boron magnets market in Europe is growing on account of increasing applications. This market was valued at $461.4 million in 2012 and is expected to reach $715.9 million by 2018, growing at a CAGR of 6.8% from 2013 to 2018. The market is majorly driven by the growing demand for high magnetic strength and miniaturization of equipment in existing and emerging applications. |
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Latin America Neodymium Iron Boron Magnets The neodymium iron boron magnets market in Latin America is growing on account of increasing applications. This market was valued at $50.3 million in 2012 and is expected to reach $109.9 million by 2018, growing at a CAGR of 12.3% from 2013 to 2018. The market is majorly driven by the growing demand for high magnetic strength and miniaturization of equipment in existing and emerging applications. |
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Middle East and Africa Neodymium Iron Boron Magnets The neodymium iron boron magnets market in the Middle East and Africa is growing on account of increasing applications. This market was valued at $83.1 million in 2012 and is expected to reach $138.6 million by 2018, growing at a CAGR of 8.2% from 2013 to 2018. The market is majorly driven by the growing demand for high magnetic strength and miniaturization of equipment in existing and emerging applications. |
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North America Neodymium Iron Boron Magnets The neodymium iron boron magnets market in North America is growing on account of increasing applications. This market was valued at $546.4 million in 2012 and is expected to reach $936.5 million by 2018, growing at a CAGR of 8.3% from 2013 to 2018. The market is majorly driven by the growing demand for high magnetic strength and miniaturization of equipment in existing and emerging applications. |
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