Neodymium Magnet Market Poised for 10.6% CAGR Growth: Forecast 2025-2031 - Zhmag, JL MAG, Shin-Etsu

According to QY Research announces the release of 2025 latest report "Neodymium Magnet Market". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Neodymium Magnet market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Neodymium Magnet was estimated to be worth US$ 12.0 billion in 2024 and is forecast to a readjusted size of US$ 24.01 billion by 2031 with a CAGR of 10.6% during the forecast period 2025-2031.

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Neodymium Magnet, also known as NdFeB, NIB or Neo magnet, is the most widely used type of rare-earth magnet, is a permanent magnet made from an alloy of neodymium, iron and boron to form the Nd2Fe14B tetragonal crystalline structure. Developed in 1982 by General Motors and Sumitomo Special Metals, neodymium magnets are the strongest type of permanent magnet commercially available.

NdFeB is the third generation of Magnet that takes more than 98% of world rare earth magnet demand. Neodymium Magnet market can be categorized as sintered magnet, hot press magnet and bonded magnet in terms of manufacture process. Sintered magnet is the major type that takes 93.89% of world production in 2023. The volume of bonded magnet is 10.74 kilotons in 2023, which takes 4.90% of world production.

The technical barriers of low end Neodymium Permanent Magnets are relatively low. For high end market, the manufacturing bases concentrated distribution in China and Japan; some of the key players dominating this market are Zhmag, JL MAG, Shin-Etsu, Proterial (Hitachi Metals Group), Yunsheng Company, Beijing Zhong Ke San Huan Hi-Tech, TDK, Tianhe Magnetics, YSM, Innuovo Magnetics and others.

At the beginning of the development of this research report, a summary of the Neodymium Magnet market is provided, along with definitions, applications, new product launches, developments, hurdles, and geographic considerations. Rising demand across several different industries is expected to fuel the industry's rapid growth. The study Neodymium Magnet market research report looks at key aspects as well as current industry trends. An additional feature is a graphical summary of significant organisations that highlights their market presence, effective marketing methods, and most recent developments in both historical and contemporary contexts.

Key Companies : -

The Neodymium Magnet Market is highly competitive with both global players and regional startups driving innovation. Key companies are focusing on:

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

Key Growth Drivers : -

The growth of the Neodymium Magnet Market can be attributed to several key factors. Technological advancements have played a pivotal role in shaping the market, enabling the development of more sophisticated and efficient Neodymium Magnet solutions. Additionally, increasing awareness among consumers regarding the benefits of Neodymium Magnet products has fueled demand. Furthermore, supportive government policies and regulations have created a favorable environment for market expansion.

Industry Opportunities and Challenges -

Industry Opportunities -

The Neodymium Magnet Market presents abundant opportunities for stakeholders. The continuous evolution of technology opens doors for the development of novel products and services. Emerging markets, with their growing populations and rising disposable incomes, offer vast potential for market penetration. Additionally, strategic partnerships and collaborations can help businesses expand their reach and capabilities.

Industry Challenges -

Despite its growth potential, the Neodymium Magnet Market is not without its challenges. Intense competition requires companies to differentiate their offerings and maintain a strong market presence. The need for substantial research and development investments can be a barrier to entry for some players. Furthermore, keeping pace with rapidly changing consumer preferences and technological advancements demands agility and innovation.

Detailed of Neodymium Magnet Market Segmentation :-

Segment by Type : -

Sintered Neodymium Magnet
Bonded Neodymium Magnet
Hot-pressed Neodymium Magnet

Segment by Application : -

EV (Electric Vehicle)
Automotive other than EV
Home Appliance
Aerospace and Defense
Wind Energy
Consumer Goods and Electronics
Industrial Machinery
Others

Regional Insights :-

The Neodymium Magnet Market provides a diverse geographical landscape, with several areas exhibiting unique market characteristics. While some locations see rapid growth due to factors like economic expansion and technical advancements, other regions may experience slower but more consistent market expansion. Market trends vary greatly throughout regions due to factors including cultural influences, legal frameworks, and population developments. Businesses looking to go global must understand these regional differences and adjust their strategy to take advantage of local opportunities.

North America: Market size, growth drivers, and key players.

Europe: Regulatory environment and sustainability initiatives.

Asia-Pacific: Rapid industrialization and demand growth.

Latin America: Emerging markets and opportunities.

Middle East & Africa: Focus on petrochemicals and infrastructure development.

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Importance of a Market Synopsis : -

Decision Making: A well-prepared Neodymium Magnet market synopsis helps businesses, investors, and professionals make informed decisions. It provides a comprehensive understanding of the Neodymium Magnet market landscape, enabling stakeholders to identify potential risks and opportunities.

Competitive Analysis: By examining the competitive landscape, a Neodymium Magnet market synopsis allows businesses to benchmark themselves against industry leaders and identify areas for improvement or differentiation. It facilitates strategic planning and Neodymium Magnet market positioning.

Market Entry: For companies considering entering a new market or launching a new product, a Neodymium Magnet market synopsis provides valuable insights into market size, customer needs, and competitive factors. It guides businesses in developing effective market entry strategies.

Investment Decisions: Investors rely on Neodymium Magnet market synopses to evaluate the feasibility and potential returns of investment opportunities. The synopsis helps them assess the market's growth prospects, competitive intensity, and long-term viability.

Knowledge Sharing: Neodymium Magnet Market synopses serve as valuable resources for industry research, academic studies, and knowledge sharing among professionals. They provide a concise summary of Neodymium Magnet market dynamics, making complex information accessible to a broader audience.

Table of Contents with Major Points : -

1. Executive Summary

1.1. Market Analysis
1.2. Global & Segmental Market Estimates & Forecasts, 2025-2031 (USD Billion)
1.2.1. Neodymium Magnet Market, by Region, 2025-2031 (USD Billion)
1.2.2. Neodymium Magnet Market, by Type, 2025-2031 (USD Billion)
1.2.3. Neodymium Magnet Market, by Application, 2025-2031 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

2. Global Neodymium Magnet Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

3. Global Market Dynamics

3.1. Neodymium Magnet Market Impact Analysis (2025-2031)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities

4. Global Industry Analysis

4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2025-2031)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

5. Global Market, by Type

5.1. Market Analysis
5.2. Global Neodymium Magnet Market by Type, Performance - Potential Analysis
5.3. Global Neodymium Magnet Market Estimates & Forecasts by Type 2025-2031 (USD Billion)
5.4. Neodymium Magnet Market, Sub-Segment Analysis

6. Global Market, by Application

6.1. Market Analysis
6.2. Global Neodymium Magnet Market by Application, Performance - Potential Analysis
6.3. Global Neodymium Magnet Market Estimates & Forecasts by Application 2025-2031 (USD Billion)
6.4. Neodymium Magnet Market, Sub-Segment Analysis
6.4.1. Others

7. Regional Analysis

7.1. Neodymium Magnet Market, Regional Market Analysis
7.2. North America Neodymium Magnet Market
7.3. Europe Neodymium Magnet Market Analysis
7.4. Asia-Pacific Neodymium Magnet Market Analysis
7.5. Latin America Neodymium Magnet Market Analysis
7.6. Rest of The World Neodymium Magnet Market

8 Competitive Intelligence

8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Key player 1
8.2.1.1. Key In Durationation
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments

9. Research Process

9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes

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