Global Neodymium Iron Boron Magnet Market, By Product Type (Bonded NdFeB Magnet, Sintered NdFeB Magnet, Others), Application (Consumer Electronics, Automotive, healthcare, Energy-Mining, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Neodymium Iron Boron Magnet Market
Neodymium iron boron magnet market will grow at a rate of 7.45% for the forecast period of 2021 to 2028. Rise in the rapid expansion of industrial applications acts as a vital factor driving the growth of neodymium iron boron magnet market.
Neodymium-Iron-Boron (NdFeB) magnets are defined as the strongest and most affordable types of rare earth magnets and these magnets exhibit various characteristics due to which they have become quite popular in recent years. They are extensively used in electric motors, power tools, and other products requiring strong, compact permanent magnets.
Rise in the applications of neodymium-iron-boron in various fields like consumer electronics, automotive, healthcare and others is the vital factor escalating the market growth, also rise in the research and development activities and increase in the demand from numerous end-user industries are the major factors among others driving the neodymium iron boron magnet market. Moreover, rise in the technological advancements and modernization in the production techniques and rise in the demand from emerging economies will further create new opportunities for the neodymium iron boron magnet market in the forecast period of 2021- 2028.
However, rise in the cost of research and development activities in the market acts as the major factor among others acting as a restraint, and will further challenge the growth of neodymium iron boron magnet market in the forecast period mentioned above.
This neodymium iron boron magnet market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on neodymium iron boron magnet market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Neodymium Iron Boron Magnet Market Scope and Market Size
Neodymium iron boron magnet market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the neodymium iron boron magnet market is segmented into bonded NdFeB magnet, sintered NdFeB magnet and others.
- The neodymium iron boron magnet market is also segmented on the basis of application into consumer electronics, automotive, healthcare, energy-mining and others.
Neodymium Iron Boron Magnet Market Country Level Analysis
Neodymium iron boron magnet market is analysed and market size, volume information is provided by product type and application as referenced above.
The countries covered in the neodymium iron boron magnet market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America and Europe dominates the neodymium iron boron magnet market due to rise in the research and development activities and increase in the demand from numerous end-user industries in this region.
The country section of the neodymium iron boron magnet market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Neodymium Iron Boron Magnet Market Share Analysis
Neodymium iron boron magnet market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to neodymium iron boron magnet market.
The major players covered in the neodymium iron boron magnet market report are Hitachi Metals, Ltd, Ningbo Yunsheng Co., Ltd, TDK Corporation, ysm-magnet MMC, Jingci Material Science Co., Ltd, Yantai Zhenghai Magnetic Material Co., Ltd, VACUUMSCHMELZE GmbH & Co. KG and Baotou Tianhe Magnetics Technology Co., Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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