Neodymium Rare Earth Magnets Market to Witness Huge Growth by 2020 - 2025 | Daido Steel Co. Ltd., Shin-Etsu Chemicals, Hitachi Metal, TDK, Nippon Steel, and Sumitomo Metal

Global Neodymium Rare Earth Magnets market would thus note a steady growth over the forecast period of 2020 - 2025. The robust CAGR (Compound Annual Rate Growth) will chart an upward growth curve and create lucrative growth opportunities in the global Neodymium Rare Earth Magnets market. In, turn, this will lead to improvement in market worth.

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Global Neodymium Rare Earth Magnets Market: Notable Development
Global Neodymium Rare Earth Magnets market is set to witness growth and a number of notable developments are paving the way for the same. The competitive landscape is also duly impacted by these developments. A deep dive can be had a published report by Adroit Market Research.

The global Neodymium Rare Earth Magnets market is highly consolidated. And, key players in the global Neodymium Rare Earth Magnets market are Daido Steel Co. Ltd., Shin-Etsu Chemicals, Hitachi Metal, TDK, Nippon Steel, and Sumitomo Metal among others.

Global Neodymium Rare Earth Magnets Market: Key trends and driver
Neodymium is a member of rare earth metals and the magnet derived from it is regarded as the strongest on earth. Neodymium magnet, is usually available as NdFeB in its alloy mixture with iron (Fe) and boron (B). Neodymium magnet is known for its high magnetic strength, which is utilised in the form of different shapes and sizes by several end use industries. Neodymium metal is abundantly found in China which accounts for ~70-80% of the global production.

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Global Neodymium Rare Earth Magnets Market: Regional Analysis
Asia Pacific is projected to account for lion's share in the global market. Rapidly growing production of electronic devices and automobile segment is projected to account for significant demand in the region. China is projected to emerge as the top player in the region owing to significant demand from its domestic industries. Overall, Asia Pacific is projected to account for more than 2/3rd of the global market rising with CAGR of 8.8% over the forecast period.

Key segments of the global neodymium rare earth magnet market
Type Overview:
o Bonding
o Sintering

End Use Overview:
o Healthcare
o Electrical devices & electronic appliances
o Wind power generation
o Automotive
o Industrial motors
o Others

Regional Overview:
o North America
o Europe
o Asia Pacific
o China
o India
o Japan
o Southeast Asia
o Rest of Asia Pacific
o Rest of the world

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