#MagnetManufacturing

[chaoticvulturewyrm]

Neodymium-Iron-Boron Permanent Magnet Market Size, Share & Global Insights 2021–2031

The global neodymium iron boron (NdFeB) permanent magnet market is projected to grow significantly, reaching US$ 29,129.11 million by 2031, up from US$ 15,204.23 million in 2024. This growth reflects a robust CAGR of 10.3% during the forecast period from 2025 to 2031.

Executive Summary & Global Market Analysis

The NdFeB magnet market is witnessing strong momentum, fueled by increasing adoption of high-performance, energy-efficient technologies across diverse industries. These magnets are known for their exceptional magnetic strength, compact size, and versatility—attributes that make them indispensable in electric vehicles (EVs), wind turbines, consumer electronics, and medical devices.

Key growth drivers include:

The global transition to renewable energy sources

Rapid electrification in automotive and industrial sectors

Miniaturization and automation of electronic devices

Emerging trends such as recycling of rare earth elements, supply chain resilience, and environmental sustainability are reshaping the competitive landscape. Market players are also heavily investing in advanced manufacturing technologies and collaborative R&D to enhance performance and sustainability.

Despite the market’s dominance by established Asian manufacturers, new opportunities are opening for companies that can deliver differentiated value such as higher magnet quality, local supply chains, and lower carbon footprints.

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Market Segmentation Analysis

By Type:

Sintered NdFeB Magnets (Dominant in 2024)

Bonded NdFeB Magnets

By End-User:

Automotive (Leading segment)

Consumer Electronics

Power Generators (Wind Turbines)

Industrial Automation & Robotics

Medical Devices

Others

By Geography:

North America

Europe

Asia-Pacific (Leading region)

Middle East & Africa

South & Central America

Key Market Drivers and Opportunities

Electrification of Transportation

The increasing adoption of electric vehicles globally is one of the strongest drivers of NdFeB magnet demand. These magnets are critical components in EV motors, offering unmatched energy efficiency and magnetic strength. Regulatory mandates, consumer preferences for cleaner mobility, and infrastructure investments are further fueling this trend.

Industrial Automation and Energy Sector Growth

The global shift toward automation, smart manufacturing, and wind energy generation also significantly contributes to the demand for high-performance NdFeB magnets.

Type-Based Market Insights

Sintered NdFeB magnets held the largest market share in 2024. These magnets are produced using powder metallurgy, providing superior temperature stability, demagnetization resistance, and magnetic performance—ideal for demanding applications in EVs, renewable energy, and robotics.

Key Players in the NdFeB Magnet Market

Hitachi Metals, Ltd.

Shin-Etsu Chemical Co., Ltd.

TDK Corporation

Ningbo Yunsheng Co., Ltd.

Beijing Zhong Ke San Huan High-Tech Co., Ltd.

Vacuumschmelze GmbH & Co. KG

Neo Performance Materials Inc.

About Us

Business Market Insights provides data-rich intelligence across industries like healthcare, electronics, automotive, aerospace, and chemicals. Our actionable insights help global stakeholders make informed strategic decisions.

[kaderiambalmills]

Arc Magnets India

Leading arc magnet manufacturers in India providing high-quality, precision-engineered magnets for motors, generators, and industrial applications. Reliable and efficient solutions. visit us: www.texpertindochina.com

[regalmagneticsindia]

We are very well know as supplier & manufacturers of drum type magnetic separator for chemical, minerals, plastic, foundry industries. Our drum magnetic separator is specially designed for removing iron particles from any material.

link:https://www.regalmagnetics.com/drum-type-magnetic-separator/

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Drawer Magnets 

This type of ferrous metal removal unit can be fitted simply in existing pipe line or outlet of various equipments like pulverisor, blenders, & classifier or any other outlet location.

Visit us to know more: https://bit.ly/31uA4Ss

[neodymium-magnet-man-blog]

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[kumarmagnet-blog]

Funnel Magnets

This is widely used in ceramic Industries and supplied alongwith Aluminum  / S. S. Funnels, The Magnetic Road incorporates modern anisotropic Permanent Magnets.

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Visit : https://goo.gl/8GZGsb to know more about sizes available, or call us today : +91-9824022397, Or drop us email : kumarin@kumarmagnet.com

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Hopper Magnet

Visit to Know More Details: https://bit.ly/2r5Kvep

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Permanent & Rare Earth Magnetic Drum Pulley

The magnetic Drum pulley replaces the drive pulley at the end of conveyor belts.

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Visit now to get more details : https://goo.gl/h6CU9O

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Arc Magnet Manufacturer India | Arc Magnets India | Arc Magnet Manufacturers | Arc Magnet Manufacturers India | Arc Magnet Dealers in India

Reliable arc magnet manufacturers offering high-quality, durable magnets for motors, generators, and industrial applications. visit us: www.texpertindochina.com

[kaderiambalmills]

Alnico Magnets Manufacturers in India

Top Alnico magnets manufacturers in India providing high-quality, durable magnets for industrial, scientific, and custom applications. Reliable and efficient solutions. visit us: www.texpertindochina.com

[regalmagneticsindia]

We Regal Magnetics are one of the leading manufacturer and supplier of Magnetic Destoner in India. Offering you a complete choice of products which include Magnetic Destoner, Roller Magnetic Separator and Magnetic Roll Separator

link:https://www.regalmagnetics.com/magnetic-destoner/

[regalmagneticsindia]

Industrial Magnetic Equipments

We take immense pleasure to introduce our Company Regal Magnetics Ahmedabad with 10 years’ experience in the field of Manufacturing & Supply of Permanent Magnetic Equipment & Vibro Screen.

Our Vision

Our vision is to extend the Regal Magnetics impression globally by engineering and developing advanced technology machinery & equipment to modernize the manufacturing process across Magnetic industries.

Our Mission

Our Mission is to provide high quality machinery & equipment to the entire Magnetic Equipment manufacturing process with gainful and efficient for both the end-user and the company.

Our Strength

We at Regal Magnetics understand that our strength lies in our product, which undergoes changes as per the requirement of time and imbibes new technology at a faster pace, and in this procedure of change and evolution, we make it our aim to give our customer world class product at the best price. We are dedicated to achieving excellence in our work.

Many factors which have contributed towards our success in the domain and some of them are as follows:

Technical Expertise

Capability to offer customized solutions

Batter after sale support

Prompt delivery schedules

Transparent business policies

Experienced team of professionals

For more details online visit us :

https://www.regalmagnetics.com/

[neodymium-magnet-man-blog]

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[neodymium-magnet-man-blog]

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[neodymium-magnet-man-blog]

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Super cool. We’re Magnet manufacturer. 현지투자 #자석공장 . #네오디뮴자석#강력자석 #자석수출 #Neodymium #NdFeB #마그네틱자석 #마그네틱 #영구자석 #rareearthmagnets #strongmagnets #neodymium #magnets #ndfeb #Магнит #Мощныймагнит #Неодимовыймагнит #сильныймагнит #neodymiummagnets #중국자석 #자석공장 #magnetmanufacturer#네오큐브 #네오큐브자석 #네오큐브파는곳（在 Shanghai, China）

[neodymium-magnet-man-blog]

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