Neodymium Iron Boron Market reached US$ 14.1 billion in 2023 and is expected to reach US$ 22.2 billion by 2031 - TDK Corporation, Sumitomo Corporation, Neo Performance Materials Inc.

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.

Neodymium Iron Boron Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://datamintelligence.com/download-sample/neodymium-iron-boron-market?rk

Neodymium Iron Boron (NdFeB) is a rare-earth magnetic material known for its high strength and durability. It is used in electric motors, wind turbines, medical devices, and consumer electronics. NdFeB magnets provide exceptional performance in compact applications requiring strong magnetic fields. The demand for these magnets is increasing due to the growth of electric vehicles and renewable energy industries. Recycling and sustainable sourcing of rare-earth elements are becoming key focus areas in the NdFeB market.

List of the Key Players in the Neodymium Iron Boron Market:

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.

Industry Development:

✦ On July 7, 2023, Neo Magnequench, a division of Neo Performance Materials Inc., announced plans to build the first rare earth magnet manufacturing facility in Europe. The facility will produce specialized rare earth permanent magnets for applications in wind turbines, electric vehicles, and other clean energy technologies.

For Direct Purchase: https://datamintelligence.com/buy-now-page?report=neodymium-iron-boron-market?rk

Growth Forecast Projected:

The Global Neodymium Iron Boron Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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.

Make an Enquiry for purchasing this Report @ https://www.datamintelligence.com/enquiry/neodymium-iron-boron-market?rk

Segment Covered in the Neodymium Iron Boron Market:

➠ 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.

Regional Analysis for Neodymium Iron Boron Market:

The regional analysis of the Neodymium Iron Boron Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ 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)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

Speak to Our Analyst and Get Customization in the report as per your requirements: https://datamintelligence.com/customize/neodymium-iron-boron-market?rk

People Also Ask:

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

➠ Who are the leading manufacturers in the global Neodymium Iron Boron industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Neodymium Iron Boron industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Neodymium Iron Boron market?

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

Browse More Reports: https://www.datamintelligence.com/research-report/neodymium-iron-boron-market?rk

Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.