Press release
Neodymium Magnet Research:CAGR of 10.3% during the forecast period
The global Neodymium Magnet market was valued at US$ 11,967 million in 2023 and is expected to reach US$ 21,927 million by 2030, growing at a CAGR of 10.57% during 2024-2030.
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https://www.qyresearch.com/reports/3320217/neodymium-magnet
Neodymium Magnet Market Summary
According to the new market research report "Global Neodymium Magnet Market Report 2024-2030", published by QYResearch, the global Neodymium Magnet market size is projected to reach USD 21.93 billion by 2030, at a CAGR of 10.3% during the forecast period.
Global Neodymium Magnet MarketSize(US$ Million), 2019-2030
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Above data is based on report from QYResearch: Global Neodymium Magnet Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
Global Neodymium Magnet Top10Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
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Above data is based on report from QYResearch: Global Neodymium Magnet Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of Neodymium Magnet include ZHmagJL MAGShin-EtsuProterial (Hitachi Metals Group)Yunsheng CompanyBeijing Zhong Ke San Huan Hi-TechTDKTianhe MagneticsYSMInnuovo Magnetics, etc. In 2023, the global top 10 players had a share approximately 50.0% in terms of revenue.
Neodymium Magnet,Global Market Size, Split by Product Segment
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Based on or includes research from QYResearch: Global Neodymium Magnet Market Report 2024-2030.
In terms of product type, currently Sintered Neodymium Magnet is the largest segment, hold a share of 92.3%.
In terms of product application, currently EV is the largest segment, hold a share of 24.3%.
Market Drivers:
The push towards carbon neutrality and emissions reduction has accelerated the development of industries such as new energy vehicles (NEVs), wind power, and inverter air conditioners. In particular, the NEV sector has experienced significant expansion in recent years, leading to a growing demand for high-performance NdFeB permanent magnet materials. This trend has strongly boosted the neodymium magnet market over the past three years.
As a key functional material in the mechanical and electronics industries, high-performance rare earth magnets are seeing increasing demand across various sectors, including consumer electronics (3C), wind power, new energy vehicles, and national defense. Their unique properties make them indispensable in modern technology, driving sustained growth in the neodymium magnet market.
The global transition towards clean energy solutions, such as electric motors for renewable energy applications and energy-efficient appliances, is creating new opportunities for NdFeB magnets. These magnets are critical for improving energy efficiency and performance, particularly in wind turbines and electric vehicle motors, where lightweight, high-efficiency magnetic materials are essential for optimizing power generation and energy use.
Restraint:
The production of high-performance NdFeB magnets requires significant investment in advanced technology, skilled labor, and large-scale production capacity. These high capital and technical demands make it challenging for small and medium-sized enterprises to compete effectively in the market, limiting their ability to scale and innovate.
Neodymium magnets rely on rare earth elements, which are primarily sourced from a few regions, creating supply chain vulnerabilities. Fluctuations in the availability and pricing of these raw materials, driven by geopolitical tensions or regulatory changes, can disrupt production and impact the overall market.
The extraction and processing of rare earth elements used in NdFeB magnets have significant environmental impacts, including hazardous waste generation. Increasing environmental regulations and sustainability pressures are pushing manufacturers to adopt greener production processes, which can raise costs and pose operational challenges for the industry.
Opportunity:
In recent past it has been observed that the Hard disk drive market is negatively affected, driven by falling sales in the PC market. But a trend that helped to boost the market growth is the innovation of high-storage portable external hard disks. Hard disk drive market is directly affected by the flash-based SSDs. In now days the adaptation of flash based SSDs in Laptops and personal computers continue at pace and continue to eat into traditional Hard disk drive market and prices are likely to continue to drop in the coming years.
With the continuous development of new energy vehicles and robotics industry, the high demand for high-performance NdFeB is expected to become the direction of magnetic materials in the future.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Neodymium Magnet market is segmented as below:
By Company
Proterial (Hitachi Metals Group)
Shin-Etsu
TDK
VAC
Beijing Zhong Ke San Huan Hi-Tech
Yunsheng Company
YSM
JL MAG
ZHmag
Jingci Material Science
AT&M
NBJJ
Innuovo Magnetics
SGM
Galaxy Magnetic
Zhejiang Zhongyuan Magnetic Industry Limited
Earth- Panda
Magsuper
Daido Electronics
Tianhe Magnetics
Segment by Type
Sintered Neodymium Magnet
Bonded Neodymium Magnet
Hot-pressed Neodymium Magnet
Segment by Application
EV
Automotive other than EV
Home Appliance
Aerospace & Defense
Wind Energy
Consumer Goods & Electronics
Industrial Machinery
Other
Each chapter of the report provides detailed information for readers to further understand the Neodymium Magnet market:
Chapter 1: Introduces the report scope of the Neodymium Magnet report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Neodymium Magnet manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Neodymium Magnet market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Neodymium Magnet in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Neodymium Magnet in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Neodymium Magnet competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Neodymium Magnet comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Neodymium Magnet market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global and United States Neodymium Magnet Market Report & Forecast 2024-2030
Global Neodymium Magnet Market Insights, Forecast to 2030
Global Neodymium Magnet Market Research Report 2024
Global Neodymium Magnet Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
Global Neodymium Magnet Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
Neodymium Magnet - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global and China Bonding Neodymium Magnet Market Report & Forecast 2024-2030
Bonding Neodymium Magnet- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Bonding Neodymium Magnet Market Insights, Forecast to 2030
Global Bonding Neodymium Magnet Market Research Report 2024
Bonding Neodymium Magnet - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Sintered Neodymium Magnet Market Insights, Forecast to 2030
Sintered Neodymium Magnet - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Sintered Neodymium Magnet Market Research Report 2024
Global and United States Flexible Neodymium Magnets Market Report & Forecast 2024-2030
Global Flexible Neodymium Magnets Market Research Report 2024
Global Flexible Neodymium Magnets Market Insights, Forecast to 2030
Flexible Neodymium Magnets- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Sintering Neodymium Magnet Market Insights, Forecast to 2030
Sintering Neodymium Magnet - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
About Us：
QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 17 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.
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