Neodymium Magnet Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global Neodymium Magnet market size will reach USD 10930 Million in 2028, growing at a CAGR of 5.9% over the analysis period. Neodymium magnets (also known as nib or neo magnets) are the most widely used rare earth magnets. It is a permanent magnet made of an alloy of neodymium,iron and boron, forming a tetragonal crystal structure. Developed independently in 1984 by General Motors and Sumitomo Special Metals , neodymium magnets are the most powerful type of permanent magnets commercially available.

 

Key Players

 

  • Hitachi Metals Group
  • Shin-Etsu
  • TDK
  • VAC
  • Beijing Zhong Ke San Huan Hi-Tech
  • Yunsheng Company
  • YSM
  • JL MAG

 

By Type

 

  • Sintered Neodymium Magnet
  • Bonded Neodymium Magnet
  • Others

 

By Application

 

  • EV (Electric Vehicle)
  • Automotive other than EV
  • Air Conditioning
  • Aerospace and Defense
  • Wind Energy

 

Scope of the Report

The research study analyzes the global Neodymium Magnet Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Neodymium Magnet Market Report

  1. What was the Neodymium Magnet Market size in 2020 and 2021 ; what are the estimated growth trends and market forecast (2022-2028).

 

  1. What will be the CAGR of the Neodymium Magnet Market during the forecast period (2022-2028) ?

 

  1. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).

 

  1. Which manufacturer/vendor/players in the Neodymium Magnet Market was the market leader in 2021?

 

  1. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report will be delivered within 48-72 hours after payment confirmation