Latin America Neodymium Iron Boron Magnets Market
- Report Code: NE 1003
- 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 neodymium iron boron magnets market in Latin America is growing on account of increasing applications. This market was valued at $57.9 million in 2013 and is expected to reach $106.90 million by 2019, growing at a CAGR of 12.3% from 2014 to 2019. The market is majorly driven by the growing demand for high magnetic strength and miniaturization of equipment in existing and emerging applications.
The report, ‘Latin America 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 in the Latin American market for neodymium iron boron magnets with a market value of $13.36 million in 2013. It is estimated to grow at a CAGR of 10.8%. 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 and reduce the cost of production. The automotive market was valued at $10.81 million in 2013 and is estimated to grow at a CAGR of 14.0% by 2019.
This report covers the Latin American neodymium iron boron magnets market by country, covering Brazil and Argentina. Brazil is the dominant country for the consumption of NdFeB magnets in the region. Argentina’s NdFeB magnets market is estimated to experience high growth and is projected to grow at a CAGR of 12.1% for the forecasted period. Since all of the countries in the region are developing and have emerging markets, construction of infrastructure and expanding banking services are characteristic of many of these nations.
This report estimates the market size of neodymium iron boron magnets in the Latin American region 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 market for neodymium iron boron magnets in this region. 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 Latin American 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 neodymium iron boron magnets market
- New technology trends in the market
- New product developments in the market
1 Introduction
1.1 Objective of the study
1.2 Market Definitions
1.3 Market Segmentation & Aspects Covered
1.4 Research Methodology
1.4.1 Assumptions (Market Size, Forecast, etc)
2 Executive Summary
3 Market Overview
4 Neodymium Iron Boron Magnets-Latin America, By Applications
4.1 Split By Geography
4.1 Neodymium Iron Boron Magnets-Latin America - Brazil by Applications
4.1 Neodymium Iron Boron Magnets-Latin America - Argentina by Applications
4.1 Neodymium Iron Boron Magnets-Latin America - Other Geographies by Applications
4.2 Neodymium Iron Boron Magnets-Electrical & Electronics-Latin America
4.2.1 Neodymium Iron Boron Magnets-Electrical & Electronics-Latin America, By Geographies
4.2.1.1 Neodymium Iron Boron Magnets-Electrical & Electronics-Latin America - Brazil
4.2.1.2 Neodymium Iron Boron Magnets-Electrical & Electronics-Latin America - Argentina
4.3 Neodymium Iron Boron Magnets-Industrial Machinery-Latin America
4.3.1 Neodymium Iron Boron Magnets-Industrial Machinery-Latin America, By Geographies
4.3.1.1 Neodymium Iron Boron Magnets-Industrial Machinery-Latin America - Brazil
4.3.1.2 Neodymium Iron Boron Magnets-Industrial Machinery-Latin America - Argentina
4.4 Neodymium Iron Boron Magnets-Automotive Materials-Latin America
4.4.1 Neodymium Iron Boron Magnets-Automotive Materials-Latin America, By Geographies
4.4.1.1 Neodymium Iron Boron Magnets-Automotive Materials-Latin America - Brazil
4.4.1.2 Neodymium Iron Boron Magnets-Automotive Materials-Latin America - Argentina
4.5 Neodymium Iron Boron Magnets-Latin America-Other Applications
4.6 Neodymium Iron Boron Magnets-Medical Devices-Latin America
4.6.1 Neodymium Iron Boron Magnets-Medical Devices-Latin America, By Geographies
4.6.1.1 Neodymium Iron Boron Magnets-Medical Devices-Latin America - Brazil
4.6.1.2 Neodymium Iron Boron Magnets-Medical Devices-Latin America - Argentina
4.7 Neodymium Iron Boron Magnets-Wind Energy-Latin America
4.7.1 Neodymium Iron Boron Magnets-Wind Energy-Latin America, By Geographies
4.7.1.1 Neodymium Iron Boron Magnets-Wind Energy-Latin America - Brazil
4.7.1.2 Neodymium Iron Boron Magnets-Wind Energy-Latin America - Argentina
4.8 Neodymium Iron Boron Magnets-Aerospace & Defense-Latin America
4.8.1 Neodymium Iron Boron Magnets-Aerospace & Defense-Latin America, By Geographies
4.8.1.1 Neodymium Iron Boron Magnets-Aerospace & Defense-Latin America - Brazil
4.8.1.2 Neodymium Iron Boron Magnets-Aerospace & Defense-Latin America - Argentina
4.9 Neodymium Iron Boron Magnets-Latin America-Other Applications
4.9.1 Neodymium Iron Boron Magnets-Latin America-Other Applications, By Geographies
4.9.1.1 Neodymium Iron Boron Magnets-Latin America - Argentina-Other Applications
4.9.1.2 Neodymium Iron Boron Magnets-Latin America - Brazil-Other Applications
5 Neodymium Iron Boron Magnets-Latin America, By Geographies
5.1 Neodymium Iron Boron Magnets-Latin America - Brazil
5.1.1 Neodymium Iron Boron Magnets-Latin America - Brazil, By Applications
5.1.1.1 Neodymium Iron Boron Magnets-Electrical & Electronics-Latin America - Brazil
5.1.1.2 Neodymium Iron Boron Magnets-Industrial Machinery-Latin America - Brazil
5.1.1.3 Neodymium Iron Boron Magnets-Automotive Materials-Latin America - Brazil
5.1.1.4 Neodymium Iron Boron Magnets-Medical Devices-Latin America - Brazil
5.1.1.5 Neodymium Iron Boron Magnets-Wind Energy-Latin America - Brazil
5.1.1.6 Neodymium Iron Boron Magnets-Aerospace & Defense-Latin America - Brazil
5.1.1.7 Neodymium Iron Boron Magnets-Latin America - Brazil-Other Applications
5.2 Neodymium Iron Boron Magnets-Latin America - Argentina
5.2.1 Neodymium Iron Boron Magnets-Latin America - Argentina, By Applications
5.2.1.1 Neodymium Iron Boron Magnets-Electrical & Electronics-Latin America - Argentina
5.2.1.2 Neodymium Iron Boron Magnets-Industrial Machinery-Latin America - Argentina
5.2.1.3 Neodymium Iron Boron Magnets-Automotive Materials-Latin America - Argentina
5.2.1.4 Neodymium Iron Boron Magnets-Medical Devices-Latin America - Argentina
5.2.1.5 Neodymium Iron Boron Magnets-Wind Energy-Latin America - Argentina
5.2.1.6 Neodymium Iron Boron Magnets-Aerospace & Defense-Latin America - Argentina
5.2.1.7 Neodymium Iron Boron Magnets-Latin America - Argentina-Other Applications
5.3 Neodymium Iron Boron Magnets-Latin America - Other Geographies
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Asia-Pacific Permanent Magnet The Asia-Pacific permanent magnet market was valued at $9.75 billion in 2012 and is projected to reach $15.80 billion by 2018, growing at a CAGR of 8.8% between 2013 and 2018. This market is mainly driven by the growing demand for permanent magnets due to rising demand for miniaturization together with advancement in technology. |
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North America Permanent Magnet North America’s permanent magnet market was valued at $850.0 million in 2012 and is expected to reach $1,500 million by 2018, growing at a CAGR of 8.4% from 2013 to 2018. The market is majorly driven by the budding demand for permanent magnets, which is primarily due to an increase in the demand for advanced materials in existing and emerging applications. |
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Europe Permanent Magnet The European permanent magnet market was valued at $700.0 million in 2012 and is expected to reach $1,100.0 million by 2018, growing at a CAGR of 6.6% from 2013 to 2018. This market is experiencing significant growth mainly driven by an increase in the demand for advanced materials in existing and emerging applications. |
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Middle East and Africa Permanent Magnet Middle East and Africa’s permanent magnet market was valued at $130.0 million in 2012 and is estimated to reach $220.0 million by 2018, growing at a CAGR of 8.0% from 2013 to 2018. This market is experiencing high growth mainly driven by the development initiatives of various countries such as Saudi Arabia, which will boost the permanent magnet consumption in the region. |
Upcoming |
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Latin America Permanent Magnet Latin America’s permanent magnet market was valued at $80.0 million in 2012 and is estimated to reach $180.0 million by 2018, growing at a CAGR of 12.5% from 2013 to 2018. This market is experiencing high growth mainly driven by the development initiatives of various countries, which will boost the permanent magnet consumption in the region. |
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