Neodymium Magnet is 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.
The technical barriers of low end Neodymium Permanent Magnets are relatively low. 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. 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 Neodymium 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 Neodymium Magnets.

Market Analysis and Insights: Global Neodymium Magnet Market
The global Neodymium Magnet market is valued at US$ 7417.9 million in 2019. The market size will reach US$ 9857.9 million by the end of 2026, growing at a CAGR of 5.7% during 2021-2026.

Global Neodymium Magnet Scope and Segment
Neodymium Magnet market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Neodymium Magnet market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Sintered Neodymium Magnet
Bonded Neodymium Magnet

Segment by Application
EV (Electric Vehicle)
Automotive other than EV
Air Conditioning
Aerospace and Defense
Wind Energy
Consumer Goods and Electronics
Industrial Machinery
Others

By Company
Hitachi Metals Group
Shin-Etsu
TDK
VAC
Beijing Zhong Ke San Huan Hi-Tech
Yunsheng Company
YSM
JL MAG
ZHmag
Jingci Material Science
AT&M
NBJJ
Innuovo Magnetics
SGM
Galaxy Magnetic
Zhejiang Zhongyuan Magnetic Industry Limited
Earth- Panda
Magsuper
Daido Electronics
Tianhe Magnetics

Production by Region
North America
Europe
China
Japan
Southeast Asia

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E