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PUBLISHER: IMARC | PRODUCT CODE: 1468627
PUBLISHER: IMARC | PRODUCT CODE: 1468627
Neodymium-Iron-Boron Magnet Market Report by Application (Automobile, Electronics, Power Generators, Medical Industry, Wind Power, and Others), and Region 2024-2032
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PAGES: 137 Pages
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The global neodymium-iron-boron magnet market size reached US$ 15.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 28.1 Billion by 2032, exhibiting a growth rate (CAGR) of 6.6% during 2024-2032.
Neodymium-iron-boron (NdFeB) magnets are rare earth magnets manufactured from neodymium, iron, and boron. They are permanent magnets with the highest magnetic properties compared to samarium cobalt (SmCo), alnico, and ferrite magnets. They are highly cost-effective while offering high resistance to demagnetization. They are used in metal separators to filter iron powder from oil reserves effectively. In addition, NdFeB magnets assist in manufacturing jewelry clips, identification badges, and baby strollers that are attached to carriers via magnets. They are also integrated in magnetic resonance imaging devices to diagnose and treat chronic pain syndrome, arthritis, wound healing, insomnia, and headache by generating a static magnetic field.
Neodymium-Iron-Boron Magnet Market Trends:
At present, there is a rise in the demand for renewable energy sources, such as wind and solar, to reduce the dependency on fossil fuels. This, along with the growing utilization of NdFeB magnets in wind turbine generators to increase their efficiency, represents one of the key factors driving the market. Besides this, the increasing employment of NdFeB magnets in robotics to power wheels, sensors, and motion is contributing to the growth of the market. In addition, there is an increase in the demand for NdFeB magnets to maintain the muscular tonus of astronauts during space flights across the globe. This, coupled with the rising application of these magnets as a motion-generating device in orthodontic treatments, molar distillation, and palatal expansion, is propelling the growth of the market. Moreover, the growing demand for NdFeB magnets in manufacturing speakers to create an opposing magnetic field that creates vibrations is offering a positive market outlook. Apart from this, the escalating demand for permanent magnets in electrical appliances, such as air conditioners (ACs), washing machines, dryers, cooling fan motors in computers, fans, and microwaves, is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global neodymium-iron-boron magnet market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on application.
Breakup by Application:
Automobile
Electronics
Power Generators
Medical Industry
Wind Power
Others
NdFeB magnets find extensive application in automobiles across the globe, which can be attributed to the growing environmental consciousness among individuals and consequently rising demand for electric vehicles (EVs).
Regional Insights:
China
Japan
Europe
Others
On the basis of region, the market has been segregated into China, Japan, Europe, and others.
Competitive Landscape:
The report has also examined the competitive landscape of global neodymium-iron-boron magnet market.
Key Questions Answered in This Report:
- How has the global neodymium iron boron (NdFeB) magnet market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global neodymium iron boron (NdFeB) magnet industry?
- What has been the impact of COVID-19 on the global neodymium iron boron (NdFeB) magnet industry?
- Which are the key end-use industries for neodymium iron boron (NdFeB) magnet?
- What are the various stages in the value chain of the global neodymium iron boron (NdFeB) magnet industry?
- What are the key driving factors and challenges in the global neodymium iron boron (NdFeB) magnet industry?
- What is the structure of the global neodymium iron boron (NdFeB) magnet industry and who are the key players?
- What is the degree of competition in the global neodymium iron boron (NdFeB) magnet industry?
- What are the profit margins in the global neodymium iron boron (NdFeB) magnet industry?
- What are the key requirements for setting up a neodymium iron boron (NdFeB) magnet manufacturing plant?
- How is a neodymium iron boron (NdFeB) magnet manufactured?
- What are the various unit operations involved in a neodymium iron boron (NdFeB) magnet plant?
- What is the total size of land required for setting up a neodymium iron boron (NdFeB) magnet plant?
- What are the machinery requirements for setting up a neodymium iron boron (NdFeB) magnet plant?
- What are the raw material requirements for setting up a neodymium iron boron (NdFeB) magnet plant?
- What are the packaging requirements for a neodymium iron boron (NdFeB) magnet?
- What are the transportation requirements for a neodymium iron boron (NdFeB) magnet?
- What are the utility requirements for setting up a neodymium iron boron (NdFeB) magnet plant?
- What are the manpower requirements for setting up a neodymium iron boron (NdFeB) magnet plant?
- What are the infrastructure costs for setting up a neodymium iron boron (NdFeB) magnet plant?
- What are the capital costs for setting up a neodymium iron boron (NdFeB) magnet plant?
- What are the operating costs for setting up a neodymium iron boron (NdFeB) magnet plant?
- What will be the income and expenditures for a neodymium iron boron (NdFeB) magnet plant?
- What is the time required to break-even?
Product Code: SR112024A522
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Rare Earth Magnet Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Market Breakup by Magnet Type
- 5.4 Market Forecast
6 Global Neodymium-Iron-Boron (NdFeB) Magnet Industry
- 6.1 Market Overview
- 6.2 Market Performance
- 6.2.1 Volume Trends
- 6.2.2 Value Trends
- 6.3 Impact of COVID-19
- 6.4 Price Analysis
- 6.4.1 Key Price Indicators
- 6.4.2 Price Structure
- 6.4.3 Price Trends
- 6.5 Market Breakup by Region
- 6.6 Market Breakup by Application
- 6.7 Market Forecast
- 6.8 SWOT Analysis
- 6.8.1 Overview
- 6.8.2 Strengths
- 6.8.3 Weaknesses
- 6.8.4 Opportunities
- 6.8.5 Threats
- 6.9 Value Chain Analysis
- 6.9.1 Rare Earth Mining and Milling Companies
- 6.9.2 Rare Earth Oxide Manufacturers
- 6.9.3 Rare Earth Metal Manufacturers
- 6.9.4 Rare Earth Alloy Manufacturers
- 6.9.5 Rare Earth Magnet Manufacturers
- 6.9.6 Product Distribution
- 6.9.7 Scrap Magnets Removing and Separating Companies
- 6.9.8 Recycling Companies
- 6.10 Porter's Five Forces Analysis
- 6.10.1 Overview
- 6.10.2 Bargaining Power of Buyers
- 6.10.3 Bargaining Power of Suppliers
- 6.10.4 Degree of Competition
- 6.10.5 Threat of New Entrants
- 6.10.6 Threat of Substitutes
- 6.11 Key Success and Risk Factors
7 Performance of Key Regions
- 7.1 China
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Japan
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Europe
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Application
- 8.1 Automobile
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Electronics
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Power Generators
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Medical Industry
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Wind Power
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Competitive Landscape
- 9.1 Market Structure
- 9.2 Key Players
10 Neodymium-Iron-Boron Magnet (NdFeB) Manufacturing Process
- 10.1 Product Overview
- 10.2 Detailed Process Flow
- 10.3 Various Types of Unit Operations Involved
- 10.4 Mass Balance and Raw Material Requirements
11 Project Details, Requirements and Costs Involved
- 11.1 Land Requirements and Expenditures
- 11.2 Construction Requirements and Expenditures
- 11.3 Plant Layout
- 11.4 Plant Machinery
- 11.5 Machinery Pictures
- 11.6 Raw Material Requirements and Expenditures
- 11.7 Raw Material and Final Product Pictures
- 11.8 Packaging Requirements and Expenditures
- 11.9 Transportation Requirements and Expenditures
- 11.10 Utility Requirements and Expenditures
- 11.11 Manpower Requirements and Expenditures
- 11.12 Other Capital Investments
12 Loans and Financial Assistance
13 Project Economics
- 13.1 Capital Cost of the Project
- 13.2 Techno-Economic Parameters
- 13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 13.4 Taxation and Depreciation
- 13.5 Income Projections
- 13.6 Expenditure Projections
- 13.7 Financial Analysis
- 13.8 Profit Analysis
Product Code: SR112024A522
List of Figures
- Figure 1: Global: Neodymium Iron Boron (NdFeB) Magnet Market: Major Drivers and Challenges
- Figure 2: Global: Rare Earth Magnets Market: Volume Trends (in '000 Metric Tons), 2018-2023
- Figure 3: Global: Rare Earth Magnets Market: Value Trends (in Million US$), 2018-2023
- Figure 4: Global: Rare Earth Magnets Market: Breakup by Magnet Type (in %), 2023
- Figure 5: Global: Rare Earth Magnets Market Forecast: Volume Trends (in '000 Metric Tons), 2024-2032
- Figure 6: Global: Rare Earth Magnets Market Forecast: Value Trends (in Million US$), 2024-2032
- Figure 7: Global: Neodymium Iron Boron (NdFeB) Magnet Market: Volume Trends (in Metric Tons), 2018-2023
- Figure 8: Global: Neodymium Iron Boron (NdFeB) Magnet Market: Value Trends (in Billion US$), 2018-2023
- Figure 9: Global: Neodymium Iron Boron (NdFeB) Magnet Market: Average Prices (in US$/Ton), 2018-2023
- Figure 10: Global: Neodymium Iron Boron (NdFeB) Magnet Market: Breakup by Region (in %), 2023
- Figure 11: Global: Neodymium Iron Boron (NdFeB) Magnet Market: Life cycle Analysis by Region
- Figure 12: Global: Neodymium Iron Boron (NdFeB) Magnet Market: Breakup by Application (in %), 2023
- Figure 13: Global: Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Volume Trends (in Metric Tons), 2024-2032
- Figure 14: Global: Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Value Trends (in Billion US$), 2024-2032
- Figure 15: Global: Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Average Prices (in US$/Ton), 2024-2032
- Figure 16: Neodymium Iron Boron (NdFeB) Magnet Market: Price Structure
- Figure 17: Global: Neodymium Iron Boron (NdFeB) Magnet Industry: SWOT Analysis
- Figure 18: Global: Neodymium Iron Boron (NdFeB) Magnet Industry: Value Chain Analysis
- Figure 19: Global: Neodymium Iron Boron (NdFeB) Magnet Industry: Porter's Five Forces Analysis
- Figure 20: China: Neodymium Iron Boron (NdFeB) Magnet Market: Sales Volume (in Metric Tons), 2018-2023
- Figure 21: China: Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Sales Volume (in Metric Tons), 2024-2032
- Figure 22: Japan: Neodymium Iron Boron (NdFeB) Magnet Market: Sales Volume (in Metric Tons), 2018-2023
- Figure 23: Japan: Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Sales Volume (in Metric Tons), 2024-2032
- Figure 24: Europe: Neodymium Iron Boron (NdFeB) Magnet Market: Sales Volume (in Metric Tons), 2018-2023
- Figure 25: Europe: Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Sales Volume (in Metric Tons), 2024-2032
- Figure 26: Others: Neodymium Iron Boron (NdFeB) Magnet Market: Sales Volume (in Metric Tons), 2018-2023
- Figure 27: Others: Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Sales Volume (in Metric Tons), 2024-2032
- Figure 28: Global: Neodymium Iron Boron (NdFeB) Magnet (Automobile) Market: Sales Volume (in Metric Tons), 2018-2023
- Figure 29: Global: Neodymium Iron Boron (NdFeB) Magnet (Automobile) Market Forecast: Sales Volume (in Metric Tons), 2024-2032
- Figure 30: Global: Neodymium Iron Boron (NdFeB) Magnet (Electronics) Market: Sales Volume (in Metric Tons), 2018-2023
- Figure 31: Global: Neodymium Iron Boron (NdFeB) Magnet (Electronics) Market Forecast: Sales Volume (in Metric Tons), 2024-2032
- Figure 32: Global: Neodymium Iron Boron (NdFeB) Magnet (Power Generators) Market: Sales Volume (in Metric Tons), 2018-2023
- Figure 33: Global: Neodymium Iron Boron (NdFeB) Magnet (Power Generators) Market Forecast: Sales Volume (in Metric Tons), 2024-2032
- Figure 34: Global: Neodymium Iron Boron (NdFeB) Magnet (Medical Industry) Market: Sales Volume (in Metric Tons), 2018-2023
- Figure 35: Global: Neodymium Iron Boron (NdFeB) Magnet (Medical Industry) Market Forecast: Sales Volume (in Metric Tons), 2024-2032
- Figure 36: Global: Neodymium Iron Boron (NdFeB) Magnet (Wind Power) Market: Sales Volume (in Metric Tons), 2018-2023
- Figure 37: Global: Neodymium Iron Boron (NdFeB) Magnet (Wind Power) Market Forecast: Sales Volume (in Metric Tons), 2024-2032
- Figure 38: Global: Neodymium Iron Boron (NdFeB) Magnet (Other Applications) Market: Sales Volume (in Metric Tons), 2018-2023
- Figure 39: Global: Neodymium Iron Boron (NdFeB) Magnet (Other Applications) Market Forecast: Sales Volume (in Metric Tons), 2024-2032
- Figure 40: Neodymium Iron Boron (NdFeB) Magnet Manufacturing: Detailed Process Flow
- Figure 41: Neodymium Iron Boron (NdFeB) Magnet Manufacturing Process: Conversion Rate of Products
- Figure 42: Neodymium Iron Boron (NdFeB) Magnet Manufacturing: Proposed Plant Layout
- Figure 43: Neodymium Iron Boron (NdFeB) Magnet Manufacturing Plant: Breakup of Capital Costs (in %)
- Figure 44: Neodymium Iron Boron (NdFeB) Magnet Industry: Profit Margins at Various Levels of the Supply Chain
- Figure 45: Neodymium Iron Boron (NdFeB) Magnet Production: Manufacturing Cost Breakup (in %)
List of Tables
- Table 1: Global: Rare Earth Magnets Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Rare Earth Magnets Market: Volume Breakup by Magnet Type
- Table 3: Global: Neodymium Iron Boron (NdFeB) Magnet Market: Key Industry Highlights, 2023 and 2032
- Table 4: Global: Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Breakup by Region (in Metric Tons), 2024-2032
- Table 5: Global: Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Breakup by Application (in Metric Tons), 2024-2032
- Table 6: Global: Neodymium Iron Boron (NdFeB) Magnet Market: Competitive Structure
- Table 7: Global: Neodymium Iron Boron (NdFeB) Magnet Market: Key Players
- Table 8: Key Magnet Manufacturers in China
- Table 9: Key Magnet Manufacturers in the USA
- Table 10: Key Magnet Manufacturers in Japan
- Table 11: Key Magnet Manufacturers in Europe
- Table 12: Neodymium Iron Boron (NdFeB) Magnet Manufacturing Plant: Costs Related to Land and Site Development (in US$)
- Table 13: Neodymium Iron Boron (NdFeB) Magnet Manufacturing Plant: Costs Related to Civil Works (in US$)
- Table 14: Neodymium Iron Boron (NdFeB) Magnet Manufacturing Plant: Costs Related to Machinery (in US$)
- Table 15: Neodymium Iron Boron (NdFeB) Magnet Manufacturing Plant: Raw Material Requirements
- Table 16: Neodymium Iron Boron (NdFeB) Magnet Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
- Table 17: Neodymium Iron Boron (NdFeB) Magnet Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
- Table 18: Details of Financial Assistance Offered by Financial Institutions
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