The latest report pertaining to NdFeB Permanent Magnets (Neodymium-iron-boron) Market provides a detailed analysis regarding market size, revenue estimations and growth rate of the industry. In addition, the report illustrates the major obstacles and newest growth strategies adopted by leading manufacturers who are a part of the competitive landscape of this market.
The growing demand for high magnetic strength and miniaturization of equipment in existing and emerging applications is majorly driving the global market for NdFeB magnets. The government initiatives to stimulate the use of green technologies so as to decrease the greenhouse gas emissions is expected to drive the growth of the global NdFeB magnet market. The high cost, low Curie temperature and propensity to undergo oxidation represent the major constraints to the applications of NdFeB magnets.
In global market, the following companies are covered:
Shougang Magnetic Material
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A neodymium magnet (also known as NdFeB, NIB or Neo magnet), the most widely used type of rare-earth magnet, is a permanent magnet made from an alloy of neodymium, iron and boron to form the Nd2Fe14B tetragonal crystalline structure. Developed independently in 1982 by General Motors and Sumitomo Special Metals, neodymium magnets are the strongest type of permanent magnet commercially available. They have replaced other types of magnets in many applications in modern products that require strong permanent magnets, such as motors in cordless tools, hard disk drives and magnetic fasteners.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. Top-down and bottom-up approaches are used to validate the global market size market and estimate the market size for manufacturers, regions segments, product segments and applications (end users).
Asia Pacific is expected to maintain its position over the forecast period. South America’s market is predicted to experience high growth and is projected to grow at a high CAGR during the forecast period. The market in Asia Pacific is growing at a fast pace on account of increasing demand from end user industries, particularly in countries such as China and Japan. The market in Europe increased slowly.
Market Segment by Product Type
Sintered NdFeB Magnet
Bonded NdFeB Magnet
Market Segment by Application
NdFeB Permanent Magnets (Neodymium-iron-boron) market report consists of the world’s crucial region market share, size (volume), trends including the product profit, price, value, production, capacity, capability utilization, supply, and demand. Besides, market growth rate, size, and forecasts at the global level have been provided. The geographic areas covered in this report: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from BrandEssenceResearch and presented in this report.
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. NdFeB Permanent Magnets (Neodymium-iron-boron) Market: Trends
3. Chapter – Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Overview: Quantitative Analysis
3.1. Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Revenue (USD Million), Market Share (%) and Growth Rate (%), 2014- 2025
3.2. Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Revenue Market Share (%), 2014- 2025
3.3. Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Sales (Number of Units), Market Share (%) and Growth Rate (%), 2014- 2025
4. Chapter – Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Analysis: Segmentation By Type
5. Chapter – Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Analysis: Segmentation By Application
6. Chapter – Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Analysis: By Manufacturer
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