Neodymium-IronBoron (NdFeB)
Magnet Market
Neodymium-Iron-Boron (NdFeB) Magnet Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Neodymium-Iron-Boron (NdFeB) Magnet Market Size and Growth
The Neodymium-Iron-Boron (NdFeB) magnet market is experiencing robust growth, driven by demand in electronics, automotive, and renewable energy sectors. The current market size is estimated at approximately USD XX billion, with projections indicating a compound annual growth rate (CAGR) of X% over the coming years, reflecting increasing industrial applications.
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Companies Covered
(Covid 19 Impact Covered)
◍ Hitachi Metals
◍ MMC
◍ Vacuumschmelze
◍ TDK
◍ Zhenfhai Magnetic
◍ Ningbo Yunsheng
◍ Tianhe Magnets
◍ Shougang Magnetic Material
◍ Jingci Magne
The Neodymium-Iron-Boron (NdFeB) magnet market features key players like Hitachi Metals, MMC, Vacuumschmelze, TDK, Zhenfhai Magnetic, Ningbo Yunsheng, Tianhe Magnets, Shougang Magnetic Material, and Jingci Magne. They enhance market growth through innovation, robust supply chains, and expanding applications in electronics and renewable energy.
- Hitachi Metals: ~$2 billion
- TDK Corporation: ~$13 billion
- Ningbo Yunsheng: ~$1 billion
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Market Segmentation
By Application
◍ Consumer Electronics
◍ Industrial Motor
◍ Energy-Saving Appliances
◍ Vehicle
By Product
◍ Sintered NdFeB Magnet
◍ Bonded NdFeB Magnet
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Market Growth
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$ X Billion USD
