NdFeB Market 2021 - Market Share, prime manufacturers Entry, With Impact of the domestic and global market expected to reach USD 6853.9 million million by the end of 2026
Posted on Jan 16 2021 8:11 AM
In 2021,NdFeB Market “Size, Status And Forecast 2026
A neodymium magnet (also known as NdFeB, NIB or Neo magnet), the most widely used type of rare-earth magnet, is a permanent magnet made from an alloy of neodymium, iron and boron to form the Nd2Fe14B tetragonal crystalline structure. Developed in 1982 by General Motors and Sumitomo Special Metals, neodymium magnets are the strongest type of permanent magnet commercially available. They have replaced other types of magnets in the many applications in modern products that require strong permanent magnets, such as motors in cordless tools, hard disk drives and magnetic fasteners.
The technical barriers of NdFeB Permanent Magnets are relatively low, and the NdFeB Permanent Magnets market concentration degree is relatively higher. The manufacturing bases concentrated distribution in China and Japan; some of the key players dominating this market are Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, and others.
The key factors driving the growth of the aforementioned industry are wide application areas. With the improvement of application areas, the increased consumption of NdFeB Permanent Magnetss are expected to continue during the remaining years of the forecast period of 2016-2021.
In the past few years, as the main raw material price was not stable, with the addition of a sharp increase in production capacity, expected that the NdFeB Permanent Magnets raw material price will be relatively stable in the short term. However, the improvement of energy, transportation costs, and employee wages, will play a significant role in promoting the cost of NdFeB Permanent Magnets.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The oversupply of NdFeB Permanent Magnets in the market has had a negative impact but has been countered by the magnitude of the increase in demand, resulting in uncertainty in the NdFeB Permanent Magnets market.
In China, NdFeB Permanent Magnets manufactures mainly include Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, YSM, JL MAG, ZHmag, Jingci Material Science, AT&M, NBJJ, and others.
China is the worldâs largest producer of NdFeB Permanent Magnets; as the same time, the consumption of NdFeB Permanent Magnets in China grown gradually. In the result, NdFeB Permanent Magnets in China was export-oriented until now.
Market Analysis and Insights: Global NdFeB Market
The global NdFeB market is valued at 5970.2 million USD in 2020 is expected to reach 7309.3 million USD by the end of 2026, growing at a CAGR of 2.9% during 2021-2026.
Global NdFeB Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the marketâs growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expertâs opinions have been taken to understand the market bette
List Of TOP KEY PLAYERS in NdFeB Market Report are:
● Hitachi Metals
● Zhong Ke San Huan
● Yunsheng Company
● JL MAG
● Innuovo Magnetics
● Galaxy Magnetic
● Zhongyuan Magnetic
● Earth- Panda
A holistic research of the market is formed by considering a spread of things, from demographics conditions and business cycles during a particular country to market-specific microeconomic impacts. The study found the shift in market paradigms in terms of regional competitive advantage and therefore the competitive landscape of major players. Downstream demand analysis and upstream raw materials and equipment additionally administer. With tables and figures helping analyze worldwide Global NdFeB Market Forecast this research provides key statistics on the state of the industry and should be a valuable source of guidance and direction for companies and individuals interested in the market.
On the thought of the product, this report displays the assembly, revenue, price, market share and rate of growth of each type, primarily split into● Sintered Nd-Fe-B Magnet
● Bonded Nd-Fe-B Magnets
● Hot Pressed NdFeB Magnets
On the thought of the highest users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and rate of growth for each application, including● Computer
● Electronic Industry
● Office Automation Equipment
● Auto Industry
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Major regions covered within the report:● North America
● Latin America
● Middle East Africa
The global NdFeB market is anticipated to rise at a considerable rate during the forecast period, between 2021 and 2026. In 2021, the market was growing at a mild rate and with the rising adoption of strategies by key players, the market is predicted to rise over the projected horizon. The report also tracks the most recent market dynamics, like driving factors, restraining factors, and industry news like mergers, acquisitions, and investments.
The report can help to know the market and strategize for business expansion accordingly. Within the strategy analysis, it gives insights from market positioning and marketing channel to potential growth strategies, providing in-depth analysis for brand fresh entrants or exists competitors within the NdFeB industry. Global NdFeB Market Report 2021 provides exclusive statistics, data, information, trends and competitive landscape details during this niche sector.
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Major Points from Table of Contents:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by NdFeB Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends by Regions
2.1 NdFeB Market Perspective (2015-2026)
2.2 NdFeB Growth Trends by Regions
2.3 Industry Trends and Growth Strategy
3 Competition Landscape by Key Players
3.1 Global Top NdFeB Players by Market Size
3.2 Global NdFeB Market Concentration Ratio
3.3 NdFeB Key Players Head office and Area Served
3.4 Key Players NdFeB Product Solution and Service
3.5 Date of Enter into NdFeB Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2026)
4.1 Global NdFeB Historic Market Size by Type (2015-2021)
4.2 Global NdFeB Forecasted Market Size by Type (2021-2026)
5 NdFeB Breakdown Data by Application (2015-2026)
5.1 Global NdFeB Market Size by Application (2015-2021)
5.2 Global NdFeB Forecasted Market Size by Application (2021-2026)
6 North America
6.1 North America NdFeB Market Size (2015-2021)
6.2 NdFeB Key Players in North America (2019-2021)
6.3 North America NdFeB Market Size by Type (2015-2021)
6.4 North America NdFeB Market Size by Application (2015-2021)
10 Southeast Asia
12 Central & South America
13Key Players Profiles
13.1 Company 1
13.1.1 Company 1 Company Details
13.1.2 Company 1 Business Overview and Its Total Revenue
13.1.3 Company 1 NdFeB Introduction
13.1.4 Company 1 Revenue in NdFeB Business (2015-2021))
13.1.5 Company 1 Recent Development and Many more
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