Press release
Market Growth Patterns, Segment Analysis, and Competitive Approaches Influencing the Neodymium Iron Boron (NdFeB) Permanent Magnets Market
Neodymium Iron Boron (NdFeB) Permanent Magnets Market
Future Market Size and Growth Prospects for the Neodymium Iron Boron Permanent Magnets Market
The NdFeB permanent magnets market is projected to reach a valuation of $37.67 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.4%. This substantial rise is fueled by surging demand for magnets used in electric vehicle traction motors, heightened investments in innovative magnet production techniques, and the need for lightweight yet robust magnetic components. Furthermore, the market benefits from the expansion of miniaturized medical devices, increased emphasis on sustainable sourcing and recycling of rare earth materials, and ongoing technological improvements. Key market trends anticipated to shape the landscape include the growing need for high-performance miniaturized magnets, wider adoption of high-temperature-grade NdFeB magnets, increased use of corrosion-resistant coatings, expansion of customized magnetic assemblies, and the rise of 3D-printed magnet geometries.
Download a free sample of the neodymium iron boron (ndfeb) permanent magnets market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=32319&type=smp&utm_source=OpenPR&utm_medium=Paid&utm_campaign=Feb_PR
Primary Factors Fueling the NdFeB Permanent Magnets Market Growth
One of the main drivers of the NdFeB magnets market is the accelerating demand stemming from electric vehicle industries, where lightweight, efficient magnetic components are critical for traction motors. This surge is complemented by expanding applications within clean energy and consumer electronics sectors, which require advanced magnet technologies.
Additionally, growing investments in sophisticated manufacturing processes and technological innovation are enhancing product quality and performance. The push towards sustainability through recycling and alternative rare earth sourcing is also influencing market growth, helping to address supply chain challenges and environmental concerns.
View the full neodymium iron boron (ndfeb) permanent magnets market report:
https://www.thebusinessresearchcompany.com/report/neodymium-iron-boron-ndfeb-permanent-magnets-market-report?utm_source=OpenPR&utm_medium=Paid&utm_campaign=Feb_PR
Major Companies Leading the NdFeB Permanent Magnets Market
The market features several prominent companies, including TDK Corporation, Daido Steel Co Ltd, Proterial Co Ltd, Neo Performance Materials Inc, Hangzhou Permanent Magnet Group Co Ltd, Arnold Magnetic Technologies Corp, Chengdu Galaxy Magnets Co Ltd, Bunting Magnetics Co Inc, Dexter Magnetic Technologies Inc, Jai Mag Industries Pvt Ltd, Thomas Skinner Inc, Eclipse Magnetics Ltd, Electron Energy Corporation, U Polemag Industry Ltd, Beijing Topmag Magnetic Co Ltd, Adams Magnetic Products Co, Permanent Magnets Ltd, JS Link Co Ltd, Zhobao Magnet Co Ltd, and Stanford Magnets Ltd.
In May 2023, Neo Performance Materials, headquartered in Canada and specializing in rare-earth materials, acquired SG Technologies Group for approximately $13.4 million. This strategic move aims to enhance Neo's NdFeB magnet manufacturing capabilities in Europe, strengthen regional supply chains, and meet growing demands from sectors such as electric vehicles, electronics, and clean energy. SG Technologies Group, based in the UK, is known for its high-performance rare-earth-based magnets including NdFeB.
Emerging Trends Shaping the Neodymium Iron Boron Permanent Magnets Market
A key trend among leading companies is the effort to diversify manufacturing locations beyond China, aiming to boost supply chain resilience and cater to growing demands in electric vehicles, renewable energy, and advanced industrial applications. These expansions often involve building new plants, upgrading existing facilities, or increasing production capacity.
For example, in September 2025, South Korea's JS Link announced plans to establish a new NdFeB magnet production plant in Georgia, USA. This facility is expected to produce around three kilotons of NdFeB magnets annually, with commercial operations set to start by late 2027. This development will significantly boost the non-Chinese supply of NdFeB magnets, supporting increasing needs from electric mobility, clean energy, and advanced industrial sectors.
Detailed Breakdown of Key Segments in the NdFeB Permanent Magnets Market
This market report segments the NdFeB permanent magnets industry as follows:
1) By Product Form:
- Bonded NdFeB Magnets
- Sintered NdFeB Magnets
- Injection Moulded Magnets
- 3D-Printed Magnets
2) By Size:
- Small Magnets (Up to 25mm)
- Medium Magnets (26mm to 100mm)
- Large Magnets (Above 100mm)
3) By Coating Type:
- Nickel-Copper-Nickel Coated
- Epoxy Coated
- Gold Coated
- Zinc Plated
- Passivated
4) By End-User Industry:
- Automotive
- Consumer Electronics
- Energy
- Industrial Equipment
- Medical Devices
- Other End-Users
Subcategories further detail these divisions, such as:
- Bonded NdFeB Magnets: Isotropic, Anisotropic, Compression Bonded, Injection Bonded
- Sintered NdFeB Magnets: Standard Grade, High Temperature Grade, High Coercivity, Corrosion Resistant
- Injection Moulded Magnets: Radial Oriented, Axial Oriented, Thin Wall, Insert Moulded Components
- 3D-Printed Magnets: Prototype, Complex Geometry, Lightweight Lattice, Custom Shaped Assemblies
Geographical Insights and Market Expansion Outlook
As of 2024, North America holds the largest share in the NdFeB permanent magnets market. However, the Asia-Pacific region is expected to experience the fastest growth in the coming years, driven by rapid industrialization and increased adoption of electric mobility and renewable energy technologies. The market analysis encompasses major regions including Asia-Pacific, North America, Western and Eastern Europe, South America, and the Middle East and Africa, providing a comprehensive global perspective.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Market Growth Patterns, Segment Analysis, and Competitive Approaches Influencing the Neodymium Iron Boron (NdFeB) Permanent Magnets Market here
News-ID: 4395186 • Views: …
More Releases from The Business Research Company
Public Safety Network Slicing Market Overview, Current Trends, and Key Player An …
The public safety network slicing market is on track for remarkable expansion in the coming years, driven by technological advancements and increasing demand for efficient emergency communications. This growing sector is poised to play a critical role in enhancing the capabilities of public safety agencies through dedicated, secure network solutions tailored to their specific needs.
Projected Market Size and Growth Trajectory of the Public Safety Network Slicing Market
The public…
Competitive Analysis: Key Market Leaders and Emerging Participants in the Privat …
The private fifth generation (5G) network slicing market for yards is positioned for remarkable expansion as industries increasingly adopt advanced connectivity solutions tailored for complex operational environments. With rising demand for customized, secure, and low-latency communications, this sector is set to transform logistics, manufacturing, and related fields over the coming years.
Projected Market Value and Growth Trajectory for Private 5G Network Slicing for Yards
The private 5G network slicing market…
Segmentation, Major Trends, and Competitive Overview of the Policy Control Funct …
The policy control function analytics sector is emerging as a rapidly expanding market, driven by technological advancements and increasing network demands. With the ongoing evolution of communication networks and complex data environments, this industry is poised for significant growth and innovation. Let's explore the market size projections, leading companies, industry trends, and segment breakdown to understand the future landscape of this dynamic field.
Forecasted Market Size and Growth Trajectory of the…
Market Trend Analysis: The Impact of Recent Innovations on the Packet Optical Ne …
The packet optical networking equipment market is poised for significant expansion in the coming years as technological advancements and increasing data demands reshape the telecommunications landscape. This sector's growth is driven by evolving network architectures and the need for more efficient, high-capacity optical transport solutions. Let's explore the market's size projections, key players, influential trends, and segmentation details shaping its future.
Future Market Size Expectations for Packet Optical Networking Equipment …
More Releases for Mag
Anti-MAG Peripheral Neuropathy Treatment Market - Industry Trends and Forecast
The global anti-MAG peripheral neuropathy treatment market is projected to witness significant growth during the forecast period. Increase in the demand from developing economies will uplift the market growth, also rise in the prevalence of the disease, increase in the R&D activities in the market and rise in the consumption of junk food which causes weak immunity in the population acts as some of the major factors among others driving…
MAG Welding Robots Market Analysis and Future Prospects for 2030
The world of the mag welding robots market is a complex and ever-evolving landscape, shaped by consumer demands and technological advancements. In this report, we delve into the depths of this market to provide a profound and comprehensive analysis, catering to a diverse audience that includes manufacturers, suppliers, distributors, and investors. Our primary goal is to empower industry stakeholders with invaluable insights to make informed decisions in a rapidly changing…
Child Safety Lock Market | Dreambaby, KidCo, Lindam, Mag Security
The global child safety lock market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the child safety lock market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Tabletop Centrifuge Market | Centruion, Digisystemlab, EKF Diagnostics, Elektro- …
The global tabletop centrifuge market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the tabletop centrifuge market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth of the…
US Transcranial Magnetic Stimulator (TMS) Market Competition by Company, Country …
The Transcranial Magnetic Stimulator (TMS) market was valued at US$ 309.53 million in 2020 and is projected to reach US$ 631.29 million by 2028; it is expected to grow at a CAGR of 9.4% from 2021 to 2028.
The major factors such as the growing prevalence of neurological disorders, increasing geriatric population and neurological disorders associated with age, and presence of well-established healthcare facilities drive the growth of the transcranial magnetic…
MAG IAS GmbH – new ownership structure and credit facility
- Mo Meidar transfers shares of parent company MAG Europe GmbH to trust entities
- Transfer opens up possibility for new investor to step in and strengthen the operational business
- Credit facilities adapted to support current growth, management and financial partners working on long-term financing agreements
Göppingen, November 24, 2011 – The shares of MAG Europe GmbH, parent company of MAG IAS GmbH, have been transferred to German trust entities. The new…
