HOT-PRESSED NEODYMIUM IRON
BORON MAGNETS
MARKET OVERVIEW
Hot-pressed NdFeB magnets are high-performance permanent magnets produced through a process that enhances their magnetic properties without the need for heavy rare earth elements.
This method results in magnets with high density, excellent corrosion resistance, and superior coercivity, making them ideal for applications in automotive, electronics, renewable energy, and industrial sectors.
MARKET SIZE AND GROWTH
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MARKET SIZE (2024):
APPROXIMATELY USD 156 MILLION
PROJECTED MARKET SIZE (2032): AROUND USD 282.01 MILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 6.80%DURING THE FORECAST PERIOD.
By Type
Isotropic
Anisotropy
MARKET SEGMENTATION
By Application
Car Motor
Servo Motor
Electric Tool Motor
Others
REGIONAL ANALYSIS
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
MIDDLE EAST & AFRICA
Gradual adoption backed by infrastructure and renewable energy projects; strategic collaborations on the rise.
NORTH AMERICA
Steady growth driven by automotive, electronics, and renewable energy sectors; strong focus on innovation and partnerships.
EUROPE
Demand supported by sustainability goals and advanced manufacturing capabilities; R&D investments enhance competitiveness.
ASIA-PACIFIC
Rapid industrialization and energy-efficiency needs propel market expansion; China, Japan, and South Korea lead the charge.
KEY PLAYERS
Hallstar Company
Daido Electronic s
Tridelta
Galaxy
Magnets
Berje
