Nd Fe B Magnet Market Report 2025 (Global Edition)

Global Nd Fe B Magnet Market Report 2025 Market Size Split by Type (Bonded, Sintered), by Shape (Disc, Block, Ring, Cylinder, Bonded, Others), by End-User (Consumer Electronics, Automotive, Medical De...

Nd Fe B Magnet Market Report Description

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Nd Fe B Magnet Market Insights Video

Competitive Landscape of the Nd Fe B Magnet Market

The competitive landscape is further shaped by factors such as technological advancements, production capacity, and strategic partnerships. Companies are continually investing in research and development to enhance the performance and cost-effectiveness of NdFeB magnets.

May 2022: GE launched the 3MW Sierra onshore wind turbine platform, exclusively for North America. The turbines will be manufactured in the Pensacola, Florida facility and most of its components will be produced in North America itself. (Source: https://www.gevernova.com/news/press-releases/ge-introduces-new-sierra-platform) August 2022 : NEO PERFORMANCE MATERIALS announced the acquisition of a rare earth mining project owned by Hudson Resources in Greenland. This project forms a key element of the magnet-to-mine vertical integration strategy of NEO PERFORMANCE MATERIALS. (Source: https://www.neomaterials.com/hudson-resources-greenland-sarfartoq-transfer/)

Top Companies Market Share in Nd Fe B Magnet Industry: (In no particular order of Rank)

• Hitachi Metals
• Ltd.
• Shin-Etsu Chemical Co.
• Ltd.
• TDK Corporation
• Arnold Magnetic Technologies Corporation
• VACUUMSCHMELZE GmbH & Co.
• Daido Steel Co.
• Ltd.
• Adams Magnetic Products Co.
• Ningbo Honye Magnetics Co. Ltd.
• Hangzhou Permanent Magnet Group
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Nd Fe B Magnet Market

Which Region Dominates the Nd Fe B Magnet Market in 2024?

According to Cognitive Market Research, North America leads the NdFeB magnet market due to its robust industrial infrastructure, advanced manufacturing capabilities, and high demand from key sectors such as automotive, electronics, and renewable energy. The region's significant investments in technology and innovation drive the need for high-performance magnets in electric vehicles, wind turbines, and consumer electronics. Additionally, North America benefits from a well-established supply chain and strategic partnerships, further boosting market dominance.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is the fastest-growing region in the NdFeB magnet market due to rapid industrialization, increasing demand for high-performance magnets in automotive, consumer electronics, and renewable energy sectors. The region's robust manufacturing capabilities, lower production costs, and significant investments in infrastructure drive market expansion.

The current report Scope analyzes Nd Fe B Magnet Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Nd Fe B Magnet Market

According to Cognitive Market Research, the global Nd Fe B Magnet market size was estimated at USD 3351.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1340.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Nd Fe B Magnet market with a market size of USD 1057.73 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. The nation's advancements in technology and increasing demand across various industries.
• The Canada Nd Fe B Magnet market had a market share of USD 160.87 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Canada's advancements in technology and increasing demand across various industries.
• The Mexico Nd Fe B Magnet market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 121.99 million in 2024.

Europe Nd Fe B Magnet Market

According to Cognitive Market Research, the global Nd Fe B Magnet market size was estimated at USD 3351.5 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1005.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

• The United Kingdom Nd Fe B Magnet market had a market share of USD 168.92 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. In the UK, Nd Fe B Magnet sales witness an upswing due to the nation's emphasis on technological innovation and sustainable energy solutions.
• The France Nd Fe B Magnet market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 92.50 million in 2024.
• According to Cognitive Market Research, the German Nd Fe B Magnet market size was valued at USD 199.08 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. In Germany, Nd Fe B Magnet surged due to the emphasis on technological innovation and sustainable energy solutions.
• The Italy Nd Fe B Magnet market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 86.47 million in 2024.
• The Russia Nd Fe B Magnet market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 155.84 million in 2024.
• The Spain Nd Fe B Magnet market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 82.45 million in 2024
• The Luxembourg Nd Fe B Magnet market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 31.17 million in 2024.
• The Portugal Nd Fe B Magnet market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 21.11 million in 2024.
• The Greece Nd Fe B Magnet market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 12.07 million in 2024.
• Rest of Europe's Nd Fe B Magnet market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 155.84 million in 2024.

Asia Pacific Nd Fe B Magnet Market

According to Cognitive Market Research, the global Nd Fe B Magnet market size was estimated at USD 3351.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Nd Fe B Magnet market size was valued at USD 346.88 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Nd Fe B Magnet surged in China due to the dominant role in electronics manufacturing and renewable energy deployment.
• The Japan Nd Fe B Magnet market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 106.38 million in 2024.
• The India Nd Fe B Magnet market had a market share of USD 92.50 million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. India's dominant role in electronics manufacturing and renewable energy deployment.
• The South Korean Nd Fe B Magnet market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 77.08 million in 2024.
• The Australian Nd Fe B Magnet market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 40.08 million in 2024.
• The South East Asia Nd Fe B Magnet market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 53.19 million in 2024.
• The Rest of Asia Pacific Nd Fe B Magnet market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 54.73 million in 2024.

South America Nd Fe B Magnet Market

According to Cognitive Market Research, the global Nd Fe B Magnet market size was estimated at USD 3351.5 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 167.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Nd Fe B Magnet market size was valued at USD 71.72 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Nd Fe B Magnets flourished in Brazil due to the increasing industrialization and the adoption of renewable energy technologies.
• Argentina's Nd Fe B Magnet market had a market share of USD 28.15 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Argentina's increasing industrialization and the adoption of renewable energy technologies.
• Colombia Nd Fe B Magnet market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 14.91 million in 2024.
• Peru Nd Fe B Magnet market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 13.74 million in 2024.
• Chile Nd Fe B Magnet market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 12.07 million in 2024.
• The Rest of Latin America's Nd Fe B Magnet market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 26.98 million in 2024.

Middle East and Africa Nd Fe B Magnet Market

According to Cognitive Market Research, the global Nd Fe B Magnet market size was estimated at USD 3351.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 67.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031..

• The GCC Countries Nd Fe B Magnet market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 28.69 million in 2024. Nd Fe B Magnet sales flourish due to the expanding infrastructure projects and increasing focus on renewable energy sources.
• The Egypt Nd Fe B Magnet market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 7.04 million in 2024.
• The South Africa Nd Fe B Magnet market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 10.59 million in 2024. Nd Fe B Magnet sales flourish in South Africa due to expanding infrastructure projects and increasing focus on renewable energy sources.
• The Turkey Nd Fe B Magnet market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 5.76 million in 2024.
• The Nigeria Nd Fe B Magnet market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 7.04 million in 2024.
• The Rest of MEA Nd Fe B Magnet market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 7.91 million in 2024.

Nd Fe B Magnet Market Analysis

Nd Fe B Magnet Market Type Segment Analysis

According to Cognitive Market Research, sintered magnets are the dominant category due to their superior magnetic properties and strength. Sintered NdFeB magnets, created through a high-temperature sintering process, offer the highest magnetic energy product and are critical in applications requiring strong magnetic fields, such as in electric motors, generators, and industrial machinery.

Bonded NdFeB magnets are the fastest-growing category, driven by their adaptability and ease of manufacturing complex shapes and sizes. Unlike sintered magnets, bonded magnets are produced using a polymer binder, which allows for a greater variety of shapes and a more straightforward production process. This flexibility makes bonded magnets increasingly popular in consumer electronics, automotive components, and medical devices, where customized magnet configurations are required.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Nd Fe B Magnet Industry. Request a Free Sample PDF!

Nd Fe B Magnet Market Shape Segment Analysis

According to Cognitive Market Research, the block-shaped magnets are the dominant category due to their versatility and widespread use in industrial and commercial applications. Block magnets are preferred for their ease of handling and installation, providing a strong magnetic field in a compact form. Their applications range from automotive components to electrical devices and magnetic assemblies.

Ring-shaped NdFeB magnets are the fastest-growing category, driven by their specialized applications and increasing demand in precision machinery and electronics. The unique ring shape allows for the creation of magnetic assemblies that are crucial in motor and sensor technologies, providing uniform magnetic fields and reducing cogging effects in rotating equipment.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Nd Fe B Magnet End-User Segment Analysis

Nd Fe B Magnet Market End-User Segment Analysis

According to Cognitive Market Research, the consumer electronics is the dominant end-use category. The widespread adoption of NdFeB magnets in consumer electronics is driven by their essential role in enhancing performance and functionality. These magnets are crucial components in devices such as speakers, hard drives, and headphones, where their high magnetic strength and compact size contribute to improved audio quality, data storage efficiency, and miniaturization.

The aerospace and defense sector is the fastest-growing end-use category for NdFeB magnets, driven by increasing advancements in technology and the demand for high-performance materials. NdFeB magnets are vital in aerospace applications, including satellite systems, navigation equipment, and defense-related technologies, due to their strong magnetic fields and reliability in extreme conditions.

• Consumer Electronics
• Automotive
• Medical Devices
• Aerospace & Defense
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
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• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion