China Neodymium Iron Boron Magnet Share, Size, Trends 2019-2024

*As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

China Neodymium Iron Boron Magnet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

China NdFeB magnet market reached a volume of 86,502 Tons in 2018, representing the world’s largest 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.

IMARC Group’s 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.

Report Scope:

Historical, Current and Future Market Trends
Market Breakup by Application:
- Automobile
- Electronics
- Power Generators
- Medical Industry
- Wind Power
- Others
Market Breakup by Region:
- Guangdong
- Jiangsu
- Shandong
- Zhejiang
- Henan
- Others
Market 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:

How has the China neodymium-iron-boron magnet market performed so far and how will it perform in the coming years?
What are the key regional markets in the China neodymium-iron-boron magnet industry?
What is the breakup of the market based on the application?
What is the breakup of the market based on the domestic consumption and exports?
What are the various stages in the value chain of the China neodymium-iron-boron magnet industry?
What are the key driving factors and challenges in the China neodymium-iron-boron magnet industry?
What is the structure of the China neodymium-iron-boron magnet industry and who are the key players?
What is the degree of competition in the China neodymium-iron-boron magnet industry?
What are the profit margins in the China neodymium-iron-boron magnet industry?

Report Coverage:

Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Currency: US$
Geography Covered: China
Segments Covered: Application, Region, Domestic Consumption and Exports

Report Customization: Although IMARC has tried to cover everything in the neodymium-iron-boron magnet market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20 man hours of free customization for each report.