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

The Neodymium Iron Boron Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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

Recent Key Developments of United States:

✅ December 2025: Trade policies tightened on rare earth imports, prompting domestic output growth and partnerships with allies for stable NdFeB supply in defense applications.

✅ November 2025: Federal incentives boosted demand as NdFeB magnets were prioritized for wind turbine generators in renewable projects, aligning with clean energy goals under President Trump's administration.

✅ October 2025: U.S. manufacturers expanded NdFeB production capacity amid EV supply chain diversification efforts, with key firms announcing new facilities to reduce China dependency. Investments focused on recycling technologies to recover neodymium from retired magnets.

Recent Key Developments of Japan:

✅ December 2025: Export curbs from China disrupted neodymium flows, spurring Japan to accelerate offshore processing and domestic magnet output for automotive uses.

✅ November 2025: METI allocated additional funding for REE recycling from EV motors, enhancing supply resilience amid global shortages.

✅ October 2025: Japanese firms like Hitachi Metals ramped up bonded NdFeB magnet production for electronics, achieving cost reductions through low-dysprosium innovations.

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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