Ndfeb Permanent Magnets (Neodymium-Iron-Boron) Market Strategies and Forecast by 2031

MARKET INTRODUCTION

A neodymium magnet (also known as NdFeB) is the most widely used type of rare-earth magnet. It is a permanent magnet made from an alloy of neodymium, iron, and boron to form the Nd2Fe14B tetragonal crystalline structure. Neodymium magnets are used in numerous applications requiring strong, compact permanent magnets, such as electric motors for cordless tools, hard disk drives, magnetic hold-downs, and jewelry clasps.

MARKET DYNAMICS

The Ndfeb permanent magnets (neodymium-iron-boron) market has witnessed a significant growth owing to factors such as rising demand for chemical industry. Moreover, the technological advancement provide a huge market opportunity for the key players operating in the Ndfeb permanent magnets (neodymium-iron-boron) market. However, volatile prices is projected to hamper the overall growth of the Ndfeb permanent magnets (neodymium-iron-boron) market.

MARKET SCOPE

The "Global Ndfeb Permanent Magnets (Neodymium-Iron-Boron) Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Ndfeb permanent magnets (neodymium-iron-boron) market with detailed market segmentation type, application, and geography. The global Ndfeb permanent magnets (neodymium-iron-boron) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Ndfeb permanent magnets (neodymium-iron-boron) market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global Ndfeb permanent magnets (neodymium-iron-boron) market is segmented on the basis of type and application. On the basis of type, the global Ndfeb permanent magnets (neodymium-iron-boron) market is divided into sintered ndfeb magnet and bonded ndfeb magnet. On the basis of application, the global Ndfeb permanent magnets (neodymium-iron-boron) market is divided into consumer electronics, industrial motor, energy-saving appliances and vehicle.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Ndfeb permanent magnets (neodymium-iron-boron) market based on various segments. It also provides marketsize and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Ndfeb permanent magnets (neodymium-iron-boron) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Ndfeb permanent magnets (neodymium-iron-boron) market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Ndfeb permanent magnets (neodymium-iron-boron) market in these regions.

MARKET PLAYERS

The reports cover key developments in the Ndfeb permanent magnets (neodymium-iron-boron) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market pl ayers from Ndfeb permanent magnets (neodymium-iron-boron) market is anticipated to lucrative growth opportunities in the future with the rising demand for Ndfeb permanent magnets (neodymium-iron-boron) in the global market. Below mentioned is the list of few companies engaged in the Ndfeb permanent magnets (neodymium-iron-boron) market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Ndfeb permanent magnets (neodymium-iron-boron) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Hitachi Metals
  
•   Jingci Magnet
  
•   MMC
  
•   Ningbo Yunsheng
  
•   Shougang Magnetic Material
  
•   TDK
  
•   Tianhe Magnets
  
•   Vacuumschmelze
  
•   Zhenghai Magnetic
  
•   Zhong Ke San Huan
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Ndfeb Permanent Magnets (Neodymium-Iron-Boron) Report Scope