According to the latest report by IMARC Group, titled "Neodymium-Iron-Boron Magnet Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2021-2026," The global neodymium-iron-boron magnet market is expected to reach a volume of 168,364 Tons by 2026, exhibiting a CAGR of 4.5% during 2021-2026. A neodymium-iron-boron magnet (NdFeB) refers to a kind of permanent magnet that has a tetragonal crystalline structure. It is made from an alloy of neodymium, iron and boron. It is considered to be one of the strongest and most affordable types of rare earth magnets. Available in a wide array of shapes, sizes and grades, these magnets have low curie temperature and are susceptible to oxidation. Consequently, they often require a surface finish or protective coating to minimize the effects of corrosion. Additionally, they are characterized by high magnetic stability, magnetic field strength and energy efficiency. As a result, they are widely used for several applications, such as electric motors, sensors, loudspeakers, DC motors and power tools.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The market is primarily driven by the rapidly expanding industrial applications of NdFeB magnets on the global level. There has been a growing demand for magnets with high magnetic strength and stability from numerous end sectors, including medical, defense, automotive and electronics. Significant growth in the end use industries is, in turn, providing a thrust to the market growth. The rising trend of equipment miniaturization is acting as a major growth-inducing factor. This is supported by rapid urbanization, inflating disposable incomes of the masses and advancements in digital technologies. Furthermore, governments of numerous countries are undertaking initiatives to promote the use of green technologies to minimize greenhouse gas (GHG) emissions, which is facilitating the uptake of these magnets. The limited availability of substitutes for NdFeB magnets is favoring the market growth.
Market Summary:
- Based on the application, the market has been divided into the automobile, electronics, power generators, medical industry, wind power and others.
- On the geographical front, China holds the leading position in the market, accounting for the majority of the total market share. Other major countries include Japan, Europe and others.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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The World NdFeB Permanent Magnets (Neodymium-iron-boron) Market Research Report 2023 (covering USA, Europe, China, Japan, India, South East Asia and etc), is an informative market report offered by DecisionDatabases.com.NdFeB Permanent Magnets (Neodymium-iron-boron) market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
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We provide intellectual, precise and meaningful data at a lightning speed.For More Details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com
Report on World NdFeB Permanent Magnets (Neodymium-iron-boron) Market by Product Type, Market, Players and Regions-Forecast to 2025 offered by DecisionDatabases.com.NdFeB Permanent Magnets (Neodymium-iron-boron) market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry Players.Final Report will cover the impact of COVID-19 on this industry.Access Full Report with Table of Contents @ https://www.decisiondatabases.com/ip/33735-ndfeb-permanent-magnets-neodymium-iron-boron-market-analysis-reportThe Players mentioned in our reportHitachi MetalsMMCZhong Ke San HuanTDKZhenghai MagneticNingbo YunshengTianhe MagnetsShougang Magnetic MaterialJingci MagnetVacuumschmelzeSG TechnologiesViona MagneticsNingbo JinjiTwin Tower Aluminum OxideBaotou gangtieAnhui Earth-PandaStanford MagnetsSGMHPMGGalaxy MagnetsHuiqiang MagnetsGlobal NdFeB Permanent Magnets (Neodymium-iron-boron) Market: Product Segment AnalysisSintered NdFeB MagnetBonded NdFeB MagnetGlobal NdFeB Permanent Magnets (Neodymium-iron-boron) Market: Application Segment AnalysisConsumer electronicsIndustrial motorEnergy-saving appliancesVehicleOthersGlobal NdFeB Permanent Magnets (Neodymium-iron-boron) Market: Regional Segment AnalysisUSAEuropeJapanChinaIndiaSouth East AsiaDownload Free Sample Report of World NdFeB Permanent Magnets (Neodymium-iron-boron) Market @ https://www.decisiondatabases.com/contact/download-sample-33735There are 10 Chapters to Deeply Display the World NdFeB Permanent Magnets (Neodymium-iron-boron) Market.Chapter 1 About the NdFeB Permanent Magnets (Neodymium-iron-boron) IndustryChapter 2 World Market Competition LandscapeChapter 3 World NdFeB Permanent Magnets (Neodymium-iron-boron) Market shareChapter 4 Supply Chain AnalysisChapter 5 Company ProfilesChapter 6 Globalisation & TradeChapter 7 Distributors and CustomersChapter 8 Import, Export, Consumption and Consumption Value by Major CountriesChapter 9 World NdFeB Permanent Magnets (Neodymium-iron-boron) Market Forecast through 2025Chapter 10 Key success factors and Market OverviewPurchase full World NdFeB Permanent Magnets (Neodymium-iron-boron) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-33735Other Reports by DecisionDatabases.comWorld NdFeB Market Research Report 2025 (Covering USA, Europe, China, Japan, India and etc)World Bonded NdFeB Magnet Market by Product Type, Market, Players and Regions-Forecast to 2025World NdFeB magnets Market Research Report 2025 (covering USA, Europe, China, Japan, India, South East Asia and etc)About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/
Neodymium is a rare earth metal component mischmetal (mixed metal) which can be even used to create powerful magnets.
However, it is a rare earth metal but neodymium is widely available which leads to easily obtainable raw materials to manufacture neodymium magnets from Magnet Manufacturer.
Neodymium magnets are used in a broad range of applications, including jewelry, toys, and computer equipment because of their great strength.
Know About Neodymium Magnet On the magnetism scale Neodymium magnets, also known as NIB magnets, are measured from N24 to N55that goes up to N64, which is a theoretical magnetism measurement.
NIB magnets can fall anywhere in this range and provide serious lifting strength depending on the shape, the composition, and the production method.
To temperature differences, Neos are quite susceptible and in higher temperatures can crack or lose their magnetism, usually above 176 degrees Fahrenheit.
