North America Neodymium Iron Boron Magnets Market

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 North America is growing on account of increasing applications. This market was valued at $640.98 million in 2013 and is expected to reach $972.41 million by 2019, growing at a CAGR of 8.3% 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, ‘North 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 2012 and the trend is expected to continue in the coming years.

Consumer electronics holds a majority of the share in the North American market for neodymium iron boron magnets with a market value of $150.14 million in 2013. It is estimated to grow at a CAGR of 6.80%. 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 aerospace & defense market was valued at $22.95 million in 2013 and is estimated to grow at a CAGR of 10.30% by 2019.

This report covers the North American neodymium iron boron magnets market by country, covering the U.S., Canada, and Mexico. The U.S. is the dominant country for the production and consumption of NdFeB magnets in the region. Mexico’s NdFeB magnets market is estimated to experience high growth and is projected to grow at a CAGR of 12.2% for the forecasted period. The U.S. government encourages manufacturers of NdFeB magnets to produce an entire supply chain within the country. It has rolled out different initiatives to support its NdFeB magnets market such as funding for the development of new technologies.

This report estimates the market size of neodymium iron boron magnets in the North 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 North 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-North America, By Applications
4.1 Split By Geography
4.1 Neodymium Iron Boron Magnets-Mexico by Applications
4.1 Neodymium Iron Boron Magnets-Canada by Applications
4.1 Neodymium Iron Boron Magnets-U.S. by Applications
4.2 Neodymium Iron Boron Magnets-Electrical & Electronics-North America
4.2.1 Neodymium Iron Boron Magnets-Electrical & Electronics-North America, By Geographies
4.2.1.1 Neodymium Iron Boron Magnets-Electrical & Electronics-Canada
4.2.1.2 Neodymium Iron Boron Magnets-Electrical & Electronics-Mexico
4.2.1.3 Neodymium Iron Boron Magnets-Electrical & Electronics-U.S.
4.3 Neodymium Iron Boron Magnets-Industrial Machinery-North America
4.3.1 Neodymium Iron Boron Magnets-Industrial Machinery-North America, By Geographies
4.3.1.1 Neodymium Iron Boron Magnets-Industrial Machinery-Canada
4.3.1.2 Neodymium Iron Boron Magnets-Industrial Machinery-Mexico
4.3.1.3 Neodymium Iron Boron Magnets-Industrial Machinery-U.S.
4.4 Neodymium Iron Boron Magnets-Automotive Materials-North America
4.4.1 Neodymium Iron Boron Magnets-Automotive Materials-North America, By Geographies
4.4.1.1 Neodymium Iron Boron Magnets-Automotive Materials-Canada
4.4.1.2 Neodymium Iron Boron Magnets-Automotive Materials-Mexico
4.4.1.3 Neodymium Iron Boron Magnets-Automotive Materials-U.S.
4.5 Neodymium Iron Boron Magnets-North America-Other Applications
4.6 Neodymium Iron Boron Magnets-North America-Other Applications
4.6.1 Neodymium Iron Boron Magnets-North America-Other Applications, By Geographies
4.6.1.1 Neodymium Iron Boron Magnets-Mexico-Other Applications
4.6.1.2 Neodymium Iron Boron Magnets-Canada-Other Applications
4.6.1.3 Neodymium Iron Boron Magnets-U.S.-Other Applications
4.7 Neodymium Iron Boron Magnets-Medical Devices-North America
4.7.1 Neodymium Iron Boron Magnets-Medical Devices-North America, By Geographies
4.7.1.1 Neodymium Iron Boron Magnets-Medical Devices-Canada
4.7.1.2 Neodymium Iron Boron Magnets-Medical Devices-Mexico
4.7.1.3 Neodymium Iron Boron Magnets-Medical Devices-U.S.
4.8 Neodymium Iron Boron Magnets-Wind Energy-North America
4.8.1 Neodymium Iron Boron Magnets-Wind Energy-North America, By Geographies
4.8.1.1 Neodymium Iron Boron Magnets-Wind Energy-Canada
4.8.1.2 Neodymium Iron Boron Magnets-Wind Energy-Mexico
4.8.1.3 Neodymium Iron Boron Magnets-Wind Energy-U.S.
4.9 Neodymium Iron Boron Magnets-Aerospace & Defense-North America
4.9.1 Neodymium Iron Boron Magnets-Aerospace & Defense-North America, By Geographies
4.9.1.1 Neodymium Iron Boron Magnets-Aerospace & Defense-Canada
4.9.1.2 Neodymium Iron Boron Magnets-Aerospace & Defense-Mexico
4.9.1.3 Neodymium Iron Boron Magnets-Aerospace & Defense-U.S.

5 Neodymium Iron Boron Magnets-North America, By Geographies
5.1 Neodymium Iron Boron Magnets-Mexico
5.1.1 Neodymium Iron Boron Magnets-Mexico, By Applications
5.1.1.1 Neodymium Iron Boron Magnets-Electrical & Electronics-Mexico
5.1.1.2 Neodymium Iron Boron Magnets-Industrial Machinery-Mexico
5.1.1.3 Neodymium Iron Boron Magnets-Automotive Materials-Mexico
5.1.1.4 Neodymium Iron Boron Magnets-Mexico-Other Applications
5.1.1.5 Neodymium Iron Boron Magnets-Medical Devices-Mexico
5.1.1.6 Neodymium Iron Boron Magnets-Wind Energy-Mexico
5.1.1.7 Neodymium Iron Boron Magnets-Aerospace & Defense-Mexico
5.2 Neodymium Iron Boron Magnets-Canada
5.2.1 Neodymium Iron Boron Magnets-Canada, By Applications
5.2.1.1 Neodymium Iron Boron Magnets-Electrical & Electronics-Canada
5.2.1.2 Neodymium Iron Boron Magnets-Industrial Machinery-Canada
5.2.1.3 Neodymium Iron Boron Magnets-Automotive Materials-Canada
5.2.1.4 Neodymium Iron Boron Magnets-Canada-Other Applications
5.2.1.5 Neodymium Iron Boron Magnets-Medical Devices-Canada
5.2.1.6 Neodymium Iron Boron Magnets-Wind Energy-Canada
5.2.1.7 Neodymium Iron Boron Magnets-Aerospace & Defense-Canada
5.3 Neodymium Iron Boron Magnets-U.S.
5.3.1 Neodymium Iron Boron Magnets-U.S., By Applications
5.3.1.1 Neodymium Iron Boron Magnets-Electrical & Electronics-U.S.
5.3.1.2 Neodymium Iron Boron Magnets-Industrial Machinery-U.S.
5.3.1.3 Neodymium Iron Boron Magnets-Automotive Materials-U.S.
5.3.1.4 Neodymium Iron Boron Magnets-U.S.-Other Applications
5.3.1.5 Neodymium Iron Boron Magnets-Medical Devices-U.S.
5.3.1.6 Neodymium Iron Boron Magnets-Wind Energy-U.S.
5.3.1.7 Neodymium Iron Boron Magnets-Aerospace & Defense-U.S.

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