An NdFeB magnet is a type of rare earth permanent magnet that is developed from an alloy of neodymium, iron, and boron. It is available in a wide range of shapes, sizes, and grades with diverse and unique properties such as multiple magnetization patterns, corrosion and temperature resistance, high performance, and increased efficiency.
Technavio’s analysts forecast the global NdFeB magnets market to grow at a CAGR of 9% during the period 2018-2022.
Covered in this report The report covers the present scenario and the growth prospects of the global NdFeB magnets market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • APAC • Europe • North America • ROW
Technavio’s report, Global NdFeB Magnets Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Arnold Magnetic Technologies • Daido Steel • Electron Energy Corporation • Hitachi Metals • Lynas Corporation • Shin-Etsu Chemical
Market driver • Rise in demand for NdFeB magnets from the automotive industry • For a full, detailed list, view our report
Market challenge • Availability of alternatives • For a full, detailed list, view our report
Market trend • Green bonds fueling the demand for NdFeB magnets • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2022 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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