United States NdFeB (Neodymium Iron Boron) Magnets Market 2025: Industry Developments, Future Growth, Share & Industry Insights | Hitachi Metals, MMC Magnetics Corp, Zhenfhai Magnetic, Ningbo Yunsheng, Tianhe Magnets

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.

DataM Intelligence has published a new research report on "NdFeB Magnets Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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

Industry Latest News 2025:

✅ 07 Jan 2025 - USA Rare Earth produces its first sintered rare-earth magnets (prototype / Innovations Lab).

✅ 10 Jul 2025 - U.S. Department of Defense invests in MP Materials as part of a public-private partnership to accelerate U.S. rare-earth magnet capability (major funding / offtake support announced).

✅ 15 Jul 2025 - Apple signs a multiyear (≈US$500M) agreement with MP Materials to secure domestic rare-earth and magnet capabilities (part of broader supply and recycling plans).

✅ 24 Jul 2025 - Lynas signs a non-binding MoU with Korea's JS Link to develop a 3,000 tpa NdFeB permanent-magnet (sintered) manufacturing facility near Lynas' Malaysia site.

✅ 22 Jul 2025 - Proterial (Japan) announces a new high-performance, heavy-rare-earth-free NdFeB material (claims high heat resistance and strong magnetic properties; mass-production verification planned).

✅ 06 Aug 2025 - Noveon Magnetics signs a multi-year supply agreement with General Motors to deliver U.S.-made rare-earth (NdFeB) magnets; deliveries reportedly began in July 2025.

✅ 09 Sep 2025 - Energy Fuels announces U.S.-mined and processed NdPr oxide has been qualified by an automotive supplier for use in permanent magnets for EVs/hybrids.

✅ 18-22 Sep 2025 - Neo Performance Materials opens a state-of-the-art permanent-magnet manufacturing facility in Narva, Estonia positioned as a major new European NdFeB magnet production site.

Growth Forecast Projected:

The Global NdFeB Magnets Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, 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 NdFeB Magnets 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.

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Key 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)

By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Regional Analysis for 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)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among NdFeB Magnets producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze NdFeB Magnets revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the NdFeB Magnets Market?

A: The NdFeB Magnets Market stood at US$ 14.0 billion in 2022 and is set to experience remarkable growth, reaching US$ 23.7 billion by 2031

Q2: How fast is the NdFeB Magnets Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 6.9% from 2024-2031.

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