Press release
Neodymium Iron Boron (NdFeB) Market Growth Driven by EV Expansion, Wind Power, and Advances in High-Performance Permanent Magnet Technologies
Neodymium Iron Boron Market
Neodymium Iron Boron Market is positioned for robust growth, and shifting market dynamics reshaping the competitive landscape. DataM Intelligence's new report provides data-driven insights, SWOT analysis, and marketing-ready intelligence for businesses seeking to improve market penetration and campaign ROI.
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Neodymium Iron Boron Market Recent Key Developments :
USA - July 2025: MP Materials announced plans to expand rare earth magnet production in Texas to secure domestic NdFeB supply for EVs and defense applications.
USA - April 2025: General Motors partnered with Vacuumschmelze to develop NdFeB magnet technology for next-gen EV motors, aiming to reduce import reliance.
Japan - June 2025: Hitachi Metals introduced a new NdFeB magnet with reduced dysprosium content, enhancing performance while lowering production costs.
Japan - March 2025: Shin-Etsu Chemical invested in magnet recycling facilities to recover NdFeB from end-of-life products, supporting Japan's resource security strategy.
Strategic Players Driving the Neodymium Iron Boron Market Forward :
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.
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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:
⇥ 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)
Most Frequently Asked Questions in the Neodymium Iron Boron Market Research Industry:
✒ What are the primary drivers fueling growth in the Neodymium Iron Boron Market today?
✒ Which companies are currently leading innovation and market share in the Neodymium Iron Boron Market?
✒ In what ways is the current regulatory environment influencing the Neodymium Iron Boron Market's trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Neodymium Iron Boron Market-and why?
✒ What are the key barriers or challenges that could limit the growth of the Neodymium Iron Boron Market?
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