Neodymium Iron Boron Market Estimated to Reach USD 22.2 Billion by 2031 | Hitachi Metals, Ltd., Shin-Etsu Chemical Co., Ltd., TDK Corporation.

The Neodymium Iron Boron Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Neodymium Iron Boron market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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Global Neodymium Iron Boron Market reached US$ 14.1 billion in 2023 and is expected to reach US$ 22.2 billion by 2031, growing with a CAGR of 5.9% during the forecast period 2024-2031.

The neodymium iron boron (NdFeB) market focuses on the production of powerful rare-earth magnets used in various industries, including electronics, automotive, renewable energy, and healthcare. Known for their exceptional magnetic strength and durability, these magnets are vital in electric motors, wind turbines, and medical devices. Growing demand for energy-efficient technologies and electric vehicles propels this market's expansion.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as Hitachi Metals, Ltd., Shin-Etsu Chemical Co., Ltd., TDK Corporation, Sumitomo Corporation, Neo Performance Materials Inc., Adams Magnetic Products Co., Electron Energy Corporation, Ningbo Yunsheng High-Tech Magnetics Co., Ltd., Magnequench International Inc. and VACUUMSCHMELZE GmbH & Co. KG.

Key Developments:

On July 7, 2023, Neo Magnequench, a division of Neo Performance Materials Inc., announced plans to build Europe's first rare earth magnet manufacturing facility. This facility will produce specialized rare earth permanent magnets, critical components for wind turbines, electric vehicles, and other clean energy technologies, supporting Europe's clean energy transition.

In 2020, Electron Energy Corporation, a trusted provider of magnetic solutions for the defense industry for over 50 years, introduced neodymium iron boron magnets fully compliant with the John S. McCain National Defense Authorization Act and the U.S. Defense Federal Acquisition Regulation Supplement (DFARS 225.7018, 10 U.S.C. 2533c). This development underscores the company's commitment to delivering high-quality, regulation-compliant magnetic solutions for defense applications.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Neodymium Iron Boron market has been segmented

By Product: Bonded NdFeB Magnet, Sintered NdFeB Magnet, Others.

By Application: Automotive, Renewable Energy, Industrial Machinery, Medical Device, Consumer Electronics, Others.

By End-User: Automotive, Energy, Electrical and Electronics, Healthcare, Manufacturing, Aerospace, Others.

Research Process

Both primary and secondary data sources have been used in the global Neodymium Iron Boron Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Neodymium Iron Boron Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Neodymium Iron Boron market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Neodymium Iron Boron Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Neodymium Iron Boron market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Neodymium Iron Boron Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Neodymium Iron Boron market?

➠ Who are the global key manufacturers of the Neodymium Iron Boron Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Neodymium Iron Boron market opportunities and threats faced by the vendors in the global Neodymium Iron Boron Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Neodymium Iron Boron market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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