Sintered Nd-Fe-B Magnets Market
Sintered Nd-Fe-B Magnets Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Sintered Nd-Fe-B Magnets Market Size and Growth
The Sintered Nd-Fe-B magnets market is experiencing significant growth, driven by rising demand in electronics, automotive, and renewable energy sectors. The market was valued at approximately USD 2.5 billion in 2023, with a projected compound annual growth rate (CAGR) of around 8% through 2030, highlighting ongoing technological advancements and increasing applications.
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Companies Covered
(Covid 19 Impact Covered)
◍ Hitachi Corporation
◍ Delta Magnet
◍ Yantai Shougang Magnetic Materials
◍ Dailymag
◍ Sura Magnets
◍ Newland Magnetics
◍ Hangzhou Permanent Magnet Group
◍ Zhong Ke San Huan Hi-Tech
◍ Neorem Magnets
The Sintered Nd-Fe-B Magnets market features key players like Hitachi, Delta Magnet, and Yantai Shougang, focusing on high-performance applications in industries such as automotive and electronics. These companies innovate and enhance production efficiency, driving market growth. Sales figures are undisclosed; companies' focus on R&D and market expansion highlights their impact.
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Market Segmentation
By Application
Automotive
Electronics & Appliances
Medical Equipment
Aerospace
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By Product
Axially Magnetized
Diametrically Magnetized
Market Growth
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$ X Billion USD
