Enjoy complimentary customisation on priority with our Enterprise License!
The neodymium (ndfeb) magnets market size is forecast to increase by USD 7.65 billion, at a CAGR of 8.5% between 2024 and 2029.
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample
Neodymium magnets, also known as NdFeB magnets or rare-earth magnets, continue to dominate the magnetic market due to their exceptional magnetic properties and versatile applications. These magnets, primarily composed of neodymium, iron, and boron, exhibit high magnetic moment, strong magnetic field strength, and high energy product. The market dynamics of neodymium magnets are continually evolving, driven by advancements in technology and increasing demand across various sectors. In generator applications, neodymium magnets enhance the efficiency of wind turbines and electric motors. Magnetic bearings and magnetic levitation (maglev) systems utilize these magnets for their ability to support loads without physical contact, ensuring smooth operation and reducing wear and tear.
Hall effect sensors and magnetic moment sensors benefit from the magnetic properties of neodymium magnets, enabling precise measurement and control in various industries. Quality control measures, such as hysteresis loop analysis and magnetic flux leakage detection, ensure the consistency and reliability of these magnets. Neodymium magnets find extensive use in consumer electronics, automotive applications, and medical devices. Their temperature stability makes them suitable for data storage systems and waste management applications. In addition, they are used in magnetic separation processes, magnetic shielding, and precision machining. The magnetic properties of neodymium magnets, including their high magnetic field strength and magnetic flux density, make them essential in motor applications and magnetic field sensors.
Furthermore, their environmental impact and manufacturing processes, such as powder metallurgy and injection molding, continue to be areas of research and development. The supply chain for neodymium magnets is complex, with raw materials sourced from various regions and subject to price volatility. Bonded NdFeB magnets and sintered NdFeB magnets cater to different market needs, with the former offering better dimensional stability and the latter providing higher energy product. As the market for neodymium magnets continues to grow and evolve, the demand for advanced magnetic materials, manufacturing techniques, and quality control measures will persist. The ongoing research and development in this field will undoubtedly lead to new applications and innovations, further solidifying the importance of neodymium magnets in various industries.
The neodymium (ndfeb) magnets industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The sintered segment is estimated to witness significant growth during the forecast period.
Neodymium magnets, specifically sintered NdFeB magnets, are renowned for their magnetic properties and efficiency in various industries. Manufactured through the process of compressing and heating a mixture of NdFeB, iron, and boron powders, these magnets offer a high energy density, magnetic loss, and coercivity. This makes them indispensable in numerous applications, including automotive, consumer electronics, medical devices, and renewable energy. In the automotive sector, sintered NdFeB magnets power the motors of Electric Vehicles (EVs), contributing to their propulsion. Meanwhile, in consumer electronics, they are utilized in various devices due to their strong magnetic field and small size. In medical devices, they ensure precision and accuracy through magnetic separation and magnetic field sensors.
Within the renewable energy sector, wind turbines rely on these magnets for their generator applications, enhancing their efficiency and performance. Moreover, sintered NdFeB magnets exhibit excellent corrosion resistance, ensuring longevity in harsh environments. They are also used in magnetic bearings, magnetic levitation systems, and magnetic field sensors. In addition, they are employed in magnetic shielding, surface treatment, injection molded NdFeB, and permanent magnets. Their high magnetic flux density and magnetic field strength make them suitable for motor applications, while their environmental impact is being addressed through advancements in magnet manufacturing and recycling. Furthermore, sintered NdFeB magnets are used in actuator applications, temperature stability, and waste management, showcasing their versatility.
Their magnetic moment and hysteresis loop properties are utilized in various applications, including magnetic flux leakage and fluxgate sensors. The raw materials used in their production, such as bonded NdFeB and energy product, undergo rigorous quality control processes to ensure consistency and reliability. In conclusion, sintered NdFeB magnets play a significant role in various industries due to their exceptional magnetic properties and cost-effectiveness. Their versatility is demonstrated through their use in automotive, consumer electronics, medical devices, renewable energy, and other applications, making them an essential component in numerous technological advancements.
The Sintered segment was valued at USD 7.77 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 53% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in the Asia Pacific (APAC) region is experiencing significant growth due to the increasing demand for high-performance magnets in various industries. Rare-earth magnets, including samarium cobalt and neodymium magnets, are crucial in applications such as wind turbines, consumer electronics, automotive, and generator systems. The APAC region's industrialization and infrastructure development contribute to the market's expansion. Neodymium magnets, specifically, are gaining popularity due to their magnetic properties, including high magnetic field strength, magnetic moment, and energy product. They are used in various applications, such as magnetic bearings, magnetic levitation (maglev) systems, magnetic field sensors, and actuators. In the automotive sector, they are employed in electric vehicles (EVs) to produce efficient and powerful motors, contributing to the demand for lightweight and fuel-efficient vehicles.
Moreover, the medical devices sector relies on neodymium magnets for their temperature stability and magnetic properties. In the energy sector, they are used in magnetic separation processes and in the production of permanent magnets. The ceramic magnets market, a subset of the rare-earth magnets market, is also experiencing growth due to its applications in magnetic field sensors and magnetic shielding. The supply chain for rare-earth magnets is complex, with raw materials sourced primarily from China. However, efforts are being made to reduce reliance on a single supplier through alternative sourcing and recycling initiatives. Quality control is a critical factor in the manufacturing process, with hysteresis loop, demagnetization curve, and magnetic flux leakage being essential considerations.
Furthermore, the environmental impact of rare-earth magnet manufacturing is a concern, with efforts being made to minimize waste and improve the sustainability of the production process. Magnet manufacturing techniques, such as powder metallurgy, injection molding, and sintering, are being refined to improve efficiency and reduce waste. In conclusion, the market in the APAC region is experiencing growth due to the increasing demand for high-performance magnets in various industries. The magnetic properties of neodymium magnets, including high magnetic field strength, magnetic moment, and energy product, make them ideal for applications in automotive, electronics, energy, and healthcare sectors. The complex supply chain and environmental concerns are challenges that the industry must address to ensure sustainable growth.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is a significant sector in the global magnetic materials industry, driven by its high magnetic strength and versatile applications. Neodymium magnets, also known as rare earth magnets, are primarily used in various industries such as automotive, electronics, renewable energy, and manufacturing. Their magnetic properties make them essential in motors, generators, actuators, and magnetic separators. The market's growth is fueled by increasing demand for energy-efficient technologies and the expanding electric vehicle market. Key players in the value chain include raw material suppliers, magnet manufacturers, and end-users. The market's competitiveness is driven by factors like technological advancements, price volatility, and supply chain disruptions. Regulatory initiatives and trade policies also impact the market's dynamics. Despite challenges, the neodymium magnets market continues to offer opportunities for innovation and growth.
The neodymium (ndfeb) magnets market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the neodymium (ndfeb) magnets market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, neodymium (ndfeb) magnets market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Adams Magnetic Products - Specializing in Neodymium magnets, we provide solutions through diverse offerings. Neodymium Magnet Discs, Rings, and Blocks enhance performance in various applications. Our expertise lies in delivering high-quality magnets, ensuring optimal functionality. Neodymium magnets' unique properties offer superior strength and versatility, making them an essential component in numerous industries.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Neodymium (NdFeB) Magnets Market insights. See full methodology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
206 |
|
Base year |
2024 |
|
Historic period |
2019-2023 |
|
Forecast period |
2025-2029 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 8.5% |
|
Market growth 2025-2029 |
USD 7650.5 million |
|
Market structure |
Fragmented |
|
YoY growth 2024-2025(%) |
7.7 |
|
Key countries |
China, US, Japan, India, Germany, Canada, South Korea, UK, France, and Australia |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this neodymium (ndfeb) magnets market research report to meet your requirements.
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
