Global NdFeB Magnets Market 2018-2022

The NdFeB magnets market size will grow by USD 529.17 million during 2018-2022. This report offers an analysis of the market based on end-user (consumer electronics, automotive, oil and gas, aerospace and defense, and others) and geography (APAC, North America, Europe, and ROW). The NdFeB magnets market research report further analyzes the market’s competitive landscape and offers information on several companies including Arnold Magnetic Technologies, Daido Steel, Electron Energy Corporation, Hitachi Metals, Lynas Corporation, and Shin-Etsu Chemical.

Below are some of the key findings from the NdFeB magnets market research report

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Global NdFeB magnets industry overview

The rising demand for NdFeB magnets from the automotive industry is one of the key factors expected to trigger the market’s growth in the forthcoming years. The adoption of NdFeB magnets has increased considerably in the automotive sector owing to their low cost, easy production process, and the formation of compact electric motors. Also, these magnets are also being increasingly deployed in the automotive sector owing to the growing demand for EVs and hybrid vehicles. The NdFeB magnets are being used in brushless DC motors, high-performance engines, electrical power steering motors, and other automotive applications. This will lead to the speedy growth of the NdFeB magnets market, which is expected to register a CAGR of about 9% during the forecast period.

The increasing demand for NdFeB magnets in the EV market is one of the key trends expected to gain prominence in the market. These magnets are being used in electric vehicles owing to performance benefits such as long durability and stability in harsh temperature conditions of electric motors in electric vehicles. As a result, the growing popularity of these magnets to be increasingly used in electric motors of electric vehicles is likely to drive the NdFeB magnets market in the forthcoming years.

Top NdFeB magnets companies covered in this market research report

The NdFeB magnets market is moderately fragmented with companies focusing on offering innovative solutions for catering to the evolving end-user requirements. By providing a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this NdFeB magnets industry analysis report is designed to aid clients to identify new growth opportunities and build innovative strategies for strengthening their position in the market.

The report offers a complete analysis of various companies including:

• Arnold Magnetic Technologies
• Daido Steel
• Electron Energy Corporation
• Hitachi Metals
• Lynas Corporation
• Shin-Etsu Chemical

NdFeB magnets market segmentation based on geographic regions

• APAC
• North America
• Europe
• ROW

The APAC region will account for the highest NdFeB magnets market revenue throughout the forecast period. The APAC region will also witness the fastest growth in the market due to the growing awareness of the benefits of NdFeB magnets in the automotive industry.

NdFeB magnets market segmentation based on end-user

• Consumer electronics
• Automotive
• Oil and gas
• Aerospace and defense
• Others

The consumer electronics segment will account for the highest NdFeB magnets market growth throughout the forecast period. Additionally, the report will also provide an accurate prediction of the contribution of the various end-user segments to the growth of the NdFeB magnets market size.

Key highlights of the global NdFeB magnets market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the NdFeB magnets market during the next five years
• Precise estimation of the global NdFeB magnets market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the NdFeB magnets industry across APAC, North America, Europe, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of the NdFeB magnets companies

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