United States Neodymium Iron Boron Market worth $22.2 billion by 2031 - Exclusive Report by DatamIntelligence

"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." As per DataM intelligence research report

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United States: Recent Industry Developments

✅ In September 2025, Magnetics, Inc. launched high-performance neodymium iron boron magnets with enhanced coercivity and thermal stability for electric vehicles and renewable energy applications.

✅ In August 2025, Hitachi Metals expanded its U.S. NdFeB production facility to meet growing demand in aerospace, robotics, and EV motor markets, improving supply chain resilience.

✅ In July 2025, Arnold Magnetic Technologies introduced advanced sintered NdFeB magnets with improved corrosion resistance, supporting industrial and medical device applications.

✅ In June 2025, Vacuumschmelze invested in R&D for next-generation NdFeB magnets with optimized rare-earth composition, enhancing magnetic performance and energy efficiency for electric motors.

Japan: Recent Industry Developments

✅ In September 2025, TDK Corporation launched high-temperature resistant NdFeB magnets for Japanese EV and renewable energy sectors, supporting sustainable and efficient motor systems.

✅ In August 2025, Shin-Etsu Chemical expanded production of sintered NdFeB magnets with improved magnetic flux density, targeting robotics and precision industrial applications.

✅ In July 2025, Hitachi Metals introduced corrosion-resistant NdFeB magnets with enhanced thermal performance for automotive and industrial motors in Japan.

✅ In June 2025, Fujitsu Magnetic Materials invested in R&D for next-generation NdFeB magnets with reduced heavy rare-earth usage, focusing on sustainability and high-performance applications

Neodymium Iron Boron Market: Drivers

The neodymium iron boron (NdFeB) market is witnessing robust growth, driven by increasing demand for high-performance permanent magnets in automotive, electronics, renewable energy, and industrial applications. NdFeB magnets are widely used in electric vehicles (EVs), wind turbines, consumer electronics, and industrial machinery due to their superior magnetic strength, compact size, and energy efficiency. Advances in magnet manufacturing, powder metallurgy, and coating technologies are enhancing corrosion resistance, thermal stability, and overall performance of NdFeB magnets. Growing adoption of electric mobility, green energy solutions, and high-efficiency motors is further fueling market demand. Expansion of manufacturing infrastructure, industrial automation, and technological innovation is supporting widespread adoption of NdFeB magnets.

Leading manufacturers such as Shin-Etsu Chemical, Hitachi Metals, VACUUMSCHMELZE, and TDK Corporation are driving innovation in high-performance NdFeB magnets, focusing on improved magnetic properties, rare-earth material efficiency, and eco-friendly production processes. Research into recycling of rare-earth elements, advanced magnet alloys, and high-temperature resistant grades is expanding application possibilities. Strategic partnerships between magnet producers, EV manufacturers, and renewable energy companies are accelerating product development and adoption in critical industries. Increasing global emphasis on energy efficiency, electric mobility, and sustainable technologies is further driving market growth. With continuous technological advancements, rising demand in automotive and renewable energy sectors, and growing industrial applications, the neodymium iron boron market is poised for sustained global growth.

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Neodymium Iron Boron Market: Major Players

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

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

Research Process:

Both primary and secondary data sources have been used in the 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.

Most Frequently Asked Questions in the Neodymium Iron Boron Market Research Industry:

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

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Regional Analysis:

⇥ 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)

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✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

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