The China NdFeB magnet market size reached 102,200 Tons in 2023. The market is projected to reach 150,700 Tons by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2023-2032.
Neodymium - Iron - Boron (NdFeB) are the strongest types of permanent magnets commercially available. These magnets have the highest energy product for their mass compared to other permanent magnets and create the strongest magnetic field. This strong magnetic strength allows for significant product miniaturisation, improved product performance, super strong adhesive force and reduced manufacturing costs. NdFeB magnets are available in a wide range of shapes, sizes and grades and can be found in a variety of applications such as high-performance motors, brushless DC motors, magnetic separation, magnetic resonance imaging, sensors and loudspeakers.
The market for NdFeB magnets in China is strongly driven by the abundant availability of raw materials required for their production. China has the largest reserve of rare-earth minerals and holds a monopoly over the raw materials. However, since the regulations for exporting the raw materials have become stringent over the past few years, the industries that are dependent on these magnets have set up their plants in China in order to reduce their production costs. Some of the industries where the demand for these magnets is growing include electronics, medical devices, automobiles, wind industry, etc.
This latest report provides a deep insight into the China neodymium-iron-boron magnet market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the China neodymium-iron-boron magnet market in any manner.
2. What is the expected growth rate of the China neodymium iron boron magnet market during 2024-2032?
3. What are the key factors driving the China neodymium iron boron magnet market?
4. What has been the impact of COVID-19 on the China neodymium iron boron magnet market?
5. What is the breakup of the China neodymium iron boron magnet market based on the application?
6. What is the breakup of the China neodymium iron boron magnet market based on the domestic consumption and exports?
7. What are the key regions in the China neodymium iron boron magnet market?
Neodymium - Iron - Boron (NdFeB) are the strongest types of permanent magnets commercially available. These magnets have the highest energy product for their mass compared to other permanent magnets and create the strongest magnetic field. This strong magnetic strength allows for significant product miniaturisation, improved product performance, super strong adhesive force and reduced manufacturing costs. NdFeB magnets are available in a wide range of shapes, sizes and grades and can be found in a variety of applications such as high-performance motors, brushless DC motors, magnetic separation, magnetic resonance imaging, sensors and loudspeakers.
The market for NdFeB magnets in China is strongly driven by the abundant availability of raw materials required for their production. China has the largest reserve of rare-earth minerals and holds a monopoly over the raw materials. However, since the regulations for exporting the raw materials have become stringent over the past few years, the industries that are dependent on these magnets have set up their plants in China in order to reduce their production costs. Some of the industries where the demand for these magnets is growing include electronics, medical devices, automobiles, wind industry, etc.
This latest report provides a deep insight into the China neodymium-iron-boron magnet market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the China neodymium-iron-boron magnet market in any manner.
Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the China NdFeB magnet market report, along with forecasts at the country and regional level from 2023-2032. The report has categorized the market based on application, and domestic consumption and exports.Breakup by Application:
- Automobile
- Electronics
- Power Generators
- Medical Industry
- Wind Power
- Others
Breakup by Region:
- Guangdong
- Jiangsu
- Shandong
- Zhejiang
- Henan
- Others
Breakup by Domestic Consumption and Exports:
- Domestic Consumption
- Exports
Value Chain Analysis
- Key Drivers and Challenges
Porters Five Forces Analysis
- PESTEL Analysis
Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Key Questions Answered in This Report
1. What was the size of the China neodymium iron boron magnet market in 2023?2. What is the expected growth rate of the China neodymium iron boron magnet market during 2024-2032?
3. What are the key factors driving the China neodymium iron boron magnet market?
4. What has been the impact of COVID-19 on the China neodymium iron boron magnet market?
5. What is the breakup of the China neodymium iron boron magnet market based on the application?
6. What is the breakup of the China neodymium iron boron magnet market based on the domestic consumption and exports?
7. What are the key regions in the China neodymium iron boron magnet market?
Table of Contents
1 Preface3 Executive Summary9 Government Regulations10 Strategic Recommendations
2 Scope and Methodology
4 Introduction
5 China Neodymium-Iron-Boron Magnet Market
6 Market Breakup by Application
7 Market Breakup by Domestic Consumption and Exports
8 Market Breakup by Region
11 Competitive Landscape
List of Figures
List of Tables
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 117 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value in 2023 | 102.2 Thousand Tons |
| Forecasted Market Value by 2032 | 150.7 Thousand Tons |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | China |
