Press release
Strong Neodymium Rare Earth Magnet Market Research Report 2025,Global Forecast to 2032
Strong Neodymium Rare Earth Magnet Market Size,Demand & Supply, Regional and Competitive Analysis 2024-2030
The "North America Strong Neodymium Rare Earth Magnet Market" size was estimated at USD 2141.60 million in 2023, at a CAGR of 4.89% during the forecast period of 2025 through 2032.
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Neodymium iron boron magnets (Neo, NdFeB or NIB magnets) are the strongest type of permanent magnets commercially available, with magnetic properties that exceed alnico and ceramic(ferrite) magnets. Sintered NdFeB magnets offer extremely high energy product for their size, they have a high magnetic remanence and much higher coercivity than other permanent magnets. They are available in a wide range of shapes, sizes and grades at relatively low prices.
➣ Key Company
• Hitachi Metals Group
• Shin-Etsu
• TDK
• VAC
• Beijing Zhong Ke San Huan Hi-Tech
• Yunsheng Company
• YSM
• JL MAG
• ZHmag
• Jingci Material Science
• ATand M
• NBJJ
• Innuovo Magnetics
• SGM
• Galaxy Magnetic
• Zhejiang Zhongyuan Magnetic Industry Limited
• Earth- Panda
• Magsuper
• Daido Electronics
• Tianhe Magnetics
➣ By Type
• Sintered Neodymium Magnet
• Bonded Neodymium Magnet
• Others
➣ For More Information or Query, Visit: https://www.24chemicalresearch.com/download-sample/282988/global-strong-neodymium-rare-earth-magnet-market-2025-2032-377
➣ By Application
• EV (Electric Vehicle)
• Automotive other than EV
• Air Conditioning
• Aerospace and Defense
• Wind Energy
• Consumer Goods and Electronics
• Industrial Machinery
• Others
➣ Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
➣ FAQs: Strong Neodymium Rare Earth Magnet Market
1. What is the projected size of the global Strong Neodymium Rare Earth Magnet market by 2032?
• The global Strong Neodymium Rare Earth Magnet market is projected to reach USD 12,304.21 million by 2032, growing at a CAGR of 5.70% during the forecast period.
2. What is the estimated market size for North America in 2023?
• The North America Strong Neodymium Rare Earth Magnet market was estimated at USD 2,141.60 million in 2023.
3. What is the CAGR of the North America market from 2025 to 2032?
• The North America market is expected to grow at a CAGR of 4.89% during the forecast period from 2025 to 2032.
4. Why are Neodymium magnets considered "strong"?
• Neodymium magnets are known as the strongest type of permanent magnets because of their high magnetic energy density. They are composed of neodymium, iron, and boron, forming an Nd2Fe14B structure that provides superior strength compared to other magnets.
5. What industries drive the demand for Strong Neodymium Rare Earth Magnets?
Key industries driving demand include:
• Electronics: Used in speakers, headphones, and hard drives.
• Automotive: Critical in electric vehicle (EV) motors and hybrid systems.
• Renewable Energy: Essential in wind turbine generators.
• Healthcare: Utilized in MRI machines and other medical devices.
6. What factors are contributing to the growth of this market?
Factors fueling market growth include:
• Rising adoption of electric vehicles (EVs), which require high-performance magnets for motors.
• Expansion of renewable energy projects, particularly wind turbines.
Growing demand for compact and efficient electronics.
7. Are there regional differences in market growth for Neodymium Rare Earth Magnets?
Yes, regional variations exist. For example:
• North America: Moderate growth at a CAGR of 4.89% due to advancements in automotive and renewable energy sectors.
• Asia-Pacific: Likely to lead market growth due to manufacturing hubs in China and Japan, and increasing demand for EVs.
➣ For More Information or Query, Visit: https://www.24chemicalresearch.com/download-sample/282988/global-strong-neodymium-rare-earth-magnet-market-2025-2032-377
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