Global Neodymium Magnet Market Insights and Forecast to 2025-2032
The global market for Neodymium Magnet was valued at US$ 12000 million in the year 2024 and is projected to reach a revised size of US$ 24010 million by 2031, growing at a CAGR of 10.6% during the forecast period.
Neodymium Magnet, also known as NdFeB, NIB or Neo magnet, is the most widely used type of rare-earth magnet, is a permanent magnet made from an alloy of neodymium, iron and boron to form the Nd2Fe14B tetragonal crystalline structure. Developed in 1982 by General Motors and Sumitomo Special Metals, neodymium magnets are the strongest type of permanent magnet commercially available.
Neodymium Magnet market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Neodymium Magnet market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Segment by Application
Key Players
Production by Region
Consumption by Region
Table of Content:
1 Study Coverage
1.1 Neodymium Magnet Product Introduction
1.2 Market by Type
1.2.1 Global Neodymium Magnet Market Size by Type, 2017 VS 2021 VS 2028
1.2.2 Sintered Neodymium Magnet
1.2.3 Bonded Neodymium Magnet
1.2.4 Others
1.3 Market by Application
1.3.1 Global Neodymium Magnet Market Size by Application, 2017 VS 2021 VS 2028
1.3.2 EV (Electric Vehicle)
1.3.3 Automotive other than EV
1.3.4 Air Conditioning
1.3.5 Aerospace and Defense
1.3.6 Wind Energy
1.3.7 Consumer Goods and Electronics
1.3.8 Industrial Machinery
1.3.9 Others
1.4 Study Objectives
1.5 Years Considered
2 Global Neodymium Magnet Production
2.1 Global Neodymium Magnet Production Capacity (2017-2028)
2.2 Global Neodymium Magnet Production by Region: 2017 VS 2021 VS 2028
2.3 Global Neodymium Magnet Production by Region
2.3.1 Global Neodymium Magnet Historic Production by Region (2017-2022)
2.3.2 Global Neodymium Magnet Forecasted Production by Region (2023-2028)
2.4 North America
2.5 Europe
2.6 China
2.7 Japan
2.8 Southeast Asia
3 Global Neodymium Magnet Sales in Volume & Value Estimates and Forecasts
3.1 Global Neodymium Magnet Sales Estimates and Forecasts 2017-2028
3.2 Global Neodymium Magnet Revenue Estimates and Forecasts 2017-2028
3.3 Global Neodymium Magnet Revenue by Region: 2017 VS 2021 VS
CONTACT US:
203A, City Vista, Fountain Road, Kharadi, Pune, India - 411014
International: +1(332) 2424 294
Asia: +91 9169162030
Follow Us On LinkedIn: 24ChemicalResearch LinkedIn