Global NdFeB Permanent Magnetic Materials market cagr 15.5%

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NdFeB Permanent Magnetic Materials Market

NdFeB Permanent Magnetic Materials Market Scope:

Industry Analysis, Market Size, Growth, Trends Till 2031

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NdFeB Permanent Magnetic Materials Market Size and Growth

The global NdFeB Permanent Magnetic Materials market is expected to reach a value of $14.7 billion by 2026, with a CAGR of 7.2% during the forecast period. The market is driven by increasing demand in industries such as electronics, automotive, and renewable energy. Rising concerns about energy efficiency and sustainability are also contributing to market growth.

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Companies Covered (Covid 19 Impact Covered)

◍ NEOMAX

◍ VAC

◍ TDK

◍ Shinetsu

◍ ZHONG KE SAN HUAN

◍ Zhmag

The NdFeB Permanent Magnetic Materials Market is highly competitive with key players such as NEOMAX, VAC, TDK, Shinetsu, ZHONG KE SAN HUAN, and Zhmag. These companies utilize NdFeB materials for various applications such as automotive, electronics, and energy. The companies' innovation and market strategies help to grow the NdFeB Permanent Magnetic Materials Market.

- NEOMAX: $2.5 billion

- TDK: $13.08 billion

- Shinetsu: $8.74 billion

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Market Segmentation

By Application

◍ Energy - saving Power Generation

Equipment

◍ Consumer Electronics

◍ New Energy Vehicles

◍ Others

By Product

◍ Sintered NdFeB

◍ Bonded NdFeB

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$ X Billion USD
Market Growth
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