Press release
United States NdFeB Magnets Industry Sector Growth Powering From Tesla to Turbines Till 2033 | Top 5 Companies are Zhenfhai Magnetic, Ningbo Yunsheng, Tianhe Magnets, Shougang Magnetic Material, Jingci Magne
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Latest M&A Activity
In 2024, Vacuumschmelze GmbH & Co. KG (VAC) strengthened its supply chain by partnering with Less Common Metals (LCM) to secure sustainable rare earth material sourcing for NdFeB magnet production.
Hitachi Metals announced a strategic merger with Proterial Ltd. to enhance global magnet manufacturing capabilities and reduce dependence on Chinese raw material imports.
Ningbo Yunsheng Co., Ltd. expanded its market reach by acquiring a controlling stake in a rare-earth mining operation, ensuring long-term supply stability for high-performance NdFeB magnets.
Key Players:
Hitachi Metals, MMC Magnetics Corp., Vacuumschmelze, TDK, Zhenfhai Magnetic, Ningbo Yunsheng, Tianhe Magnets, Shougang Magnetic Material, Jingci Magne, and Integrated Magnetics.
Latest Market News & Trends
Global demand for high-energy-density NdFeB magnets continues to surge, driven by the EV, wind energy, and robotics sectors.
Governments in the U.S., Japan, and EU are investing in local magnet recycling and refining facilities to strengthen domestic supply chains and reduce reliance on imports.
Increasing focus on rare-earth recycling and low-dysprosium formulations is shaping innovation toward sustainable magnet manufacturing.
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)
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 2025 to 2032
Q3: Which regions are dominating the NdFeB Magnets Market and which are fastest-growing?
A: North America dominating the NdFeB Magnets market.
Recent Product Launches
In June 2024, TDK Corporation launched a new series of temperature-stable NdFeB magnets designed for high-efficiency EV motors and industrial automation.
Shin-Etsu Chemical Co., Ltd. introduced Dy-free NdFeB magnets, offering strong performance with reduced environmental impact.
Arnold Magnetic Technologies unveiled an advanced bonded NdFeB magnet line tailored for compact electronics and sensor applications.
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