NdFeB Market Size, Share & Analysis 2025 | Neodymium Magnet, Rare-Earth Magnet Industry Report

Global NdFeB (Neodymium Iron Boron) Magnets Market reached US$ 14.0 billion in 2022 and is expected to reach US$ 23.7 billion by 2031, growing with a CAGR of 6.9% during the forecast period 2024-2031.

NdFeB Magnets Market Industry Outlook - Strategic Insights for 2025

NdFeB Magnets Market is witnessing transformative growth in 2025, driven by evolving consumer demand, technology disruption, and sustainability trends. The newly released market research report by DataM Intelligence offers deep insights into segmentation, competitive landscape, and growth forecasts, helping marketers and decision-makers formulate high-impact strategies.

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NdFeB Magnets (Neodymium Iron Boron Magnets) are powerful rare-earth magnets composed of neodymium, iron, and boron. They are widely used in electronics, automotive, wind turbines, and medical devices due to their strong magnetic properties.

Leading Market players in the NdFeB Magnets Market

The prominent players in NdFeB Magnets market research report are:

Hitachi Metals, MMC Magnetics Corp., Vacuumschmelze, TDK, Zhenfhai Magnetic, Ningbo Yunsheng, Tianhe Magnets, Shougang Magnetic Material, Jingci Magne, and Integrated Magnetics.

These companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

Industry Development

In August 2022, NEO Performance Materials acquired a rare earth mining project in Greenland, formerly owned by Hudson Resources. This strategic move was intended to strengthen NEO's supply chain for rare earth elements, supporting its permanent magnet manufacturing facility in Estonia.

In April 2021, Bunting Magnetics launched the ElectroMax Overband Magnet, addressing growing customer demand for compact, lightweight, and smaller electro-overband magnetic solutions.

In February 2021, Arnold Magnetic Technologies opened a new research and development center at its MGE Innovation Center in Wisconsin, U.S. The facility is designed to accelerate prototyping efforts for electromagnetics, thin metals, permanent magnets, and a wide range of engineered assemblies.

Market Segments

By Type: Sintered NdFeB Magnet, Bonded NdFeB Magnet, Hot-Pressed NdFeB Magnets

By Coating: Uncoated, Nickel, Zinc, Epoxy, Tin and Others

By Magnet Shape: Block, Disc, Ring, Arc, Triangle and Others

By Application: Consumer Electronics, Industrial Motor, Energy-Saving Appliances, Vehicle, Wind Power, Medical Devices and Others

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Research Methodology:

The global NdFeB Magnets Market research report employs a comprehensive dual-source approach, integrating both primary and secondary data collection methods to ensure robust market analysis. Our research framework systematically evaluates multiple industry-influencing variables, including regulatory frameworks and government policies, prevailing market conditions, competitive intensity levels, historical performance data, current market positioning, technological innovations and disruptions, emerging industry developments, cross-sector business impacts, market volatility patterns, growth prospects, potential market barriers, and strategic challenges facing industry participants.

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Regions Covered:

The global NdFeB Magnets Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

Most Frequently Asked Questions in the NdFeB Magnets Market Research Industry:

➠ Who leads the NdFeB Magnets industry and what's their competitive positioning regarding capacity, performance, and profitability?
➠ What growth opportunities and market challenges do NdFeB Magnets market vendors face?
➠ Which segments show the highest growth potential and market share distribution?
➠ What factors are driving or limiting NdFeB Magnets market growth?
➠ What are the dominant sales and distribution strategies in the NdFeB Magnets industry?

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