Neodymium Iron Boron Market is expected to reach US$ 22.2 billion by 2031 | Major players - Hitachi Metals, Ltd., TDK Corporation, Shin-Etsu Chemical Co., Ltd., Sumitomo Corporation.

Market Size and Growth:

The Global Neodymium Iron Boron Market size 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.

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The Neodymium Iron Boron (NdFeB) Market involves the production, distribution, and application of high-strength permanent magnets composed of neodymium, iron, and boron. These magnets are widely used in electronics, electric vehicles, renewable energy, and industrial machinery due to their superior magnetic performance, compact size, and energy efficiency. Market growth is driven by rising demand in green technologies and consumer electronics.

Recent Key Developments of United States:

✅ December 2025: Export restrictions and tariffs highlighted US magnet makers' role, with ongoing expansions like MP Materials and others advancing production to counter China dominance.

✅ November 2025: The rare earth magnets market projected strong US growth, supported by government policies on EVs and renewables, alongside efforts to build domestic supply chains amid import reliance.

✅ October 2025: North American NdFeB demand surged due to EV and wind energy growth, with investments exceeding $3 billion in domestic manufacturing over five years, led by MP Materials' Texas facility targeting rare earth separation and magnet production.

Recent Key Developments of Europe:

✅ December 2025: EU Industry Chief praised the Estonia facility as key to sovereignty; meanwhile, exports to Europe hit records earlier in 2025 (e.g., August surge to Germany), sustaining NdFeB demand in renewables.

✅ October 2025: European industry navigated China's rare earth export curbs, with Germany leading demand in automotive and automation via firms like Vacuumschmelze innovating dysprosium-reduced magnets.

✅ September 2025: Neo Performance Materials opened Europe's largest permanent magnet plant in Narva, Estonia, funded by €14.5 million from the EU, aiming for 2,000-5,000 metric tons annually for EVs and wind turbines.

List of the Key Players in the Neodymium Iron Boron Market:

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.
VACUUMSCHMELZE GmbH & Co. KG

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments 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:

⇥ 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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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Neodymium Iron Boron market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Neodymium Iron Boron Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Neodymium Iron Boron market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Neodymium Iron Boron Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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