Global NdFeB Permanent Magnets market is segmented into Types, Application and Geographic regions. Rare earth permanent magnet NdFeB (Neodymium-Iron-Boron) is a new kind of magnetic material which is having excellent magnetic characteristics (high energy product and high coercive force etc.) and relatively low cost. It is getting to replace the traditional magnets of hard ferrite, AlNiCo, and SmCo in many fields such as electro-acoustic devices, electric motors, sensors/transducers, instruments and meters, auto industry, petro-chemical industry and magnetic health-care products, etc.
NdFeB magnets are very powerful. They have a higher Maximum Energy Product, (BH) max, than SmCo magnets. (BH) max of NdFeB can easily reach 30 MGOe and even goes up to 52 MGOe. NdFeB magnets can substitute SmCo magnets in most cases, predominantly where operating temperature is less than 80°C. The temperature stability of NdFeB is not as good as SmCo magnets. Magnetic performance of NdFeB magnets will deteriorate rapidly above 200°C. Compared to SmCo magnets, the corrosion and oxidation resistance of NdFeB is relatively low.
Consequently, a surface coating is frequently applied on NdFeB magnets. Zinc or nickel coating is common used as a protective layer. The other materials such as gold, brass, tin or polymer (epoxy) are also used for this purpose.NdFeB Permanent Magnets (Neodymium-iron-boron) Market is segmented by types into Sintered NdFeB Magnet, Bonded NdFeB Magnet, Others.
NdFeB Permanent Magnets (Neodymium-iron-boron) Market is segmented By Application into Consumer electronics, Industrial Motor, Energy-saving appliances, and Vehicle.Geographically, the global market spans North America, China, Europe, Southeast Asia, Japan, and India.
Asia Pacific is the control region for the production and use of NdFeB magnets. South America’s market is predictable to experience high growth and is projected to grow at a high CAGR during the forecast period.The market in AsiaPacific is growing at a fast pace due to increasing demand from end user industries, particularly in countries such as China and Japan. The market is increasing slowly in Europe and Eurasia, but it will continue to grow at a considerable pace in the North American region.
The Key Players in the NdFeB permanent magnets include Hitachi Metals, MMC, Vacuumschmelze, Zhong Ke San Huan, TDK, Zhenfhai Magnetic, Ningbo Yunsheng, Tianhe Magnets, Shougang Magnetic Material and Jingci Magnet.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of NdFeB Permanent Magnets in these regions, from 2013 to 2025 (forecast), covering
• North America
• Southeast Asia
Global NdFeB Permanent Magnets market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Hitachi Metals
• Zhong Ke San Huan
• Zhenfhai Magnetic
• Ningbo Yunsheng
• Tianhe Magnets
• Shougang Magnetic Material
• Jingci Magnet
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Bonded Ndfeb
• Sintered Ndfeb
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Electric Motors
• Instruments And Meters
• Auto Industry
Research Support Specialist, USA