China Neodymium Iron Boron Magnet Market Report by Application (Automobile, Electronics, Power Generators, Medical Industry, Wind Power, and Others), Domestic Consumption and Exports (Domestic Consumption, Exports), and Region 2024-2032

China Neodymium Iron Boron Magnet Market Report by Application (Automobile, Electronics, Power Generators, Medical Industry, Wind Power, and Others), Domestic Consumption and Exports (Domestic Consumption, Exports), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1233
Year End sale Buy Now

Market Overview:

The China NdFeB magnet market size reached 102,200 Tons in 2023. Looking forward, IMARC Group expects the market to reach 150,700 Tons by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
102,200 Tons
Market Forecast in 2032
150,700 Tons
Market Growth Rate 2024-2032 4.3%


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.

Key Market Segmentation:

IMARC Group 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 2024-2032. Our 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

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Tons, US$ Million
Segment Coverage Application, Domestic Consumption and Exports, Region
Region Covered Guangdong, Jiangsu, Shandong, Zhejiang, Henan, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The China neodymium iron boron magnet market reached a volume of 102,200 Tons in 2023.

We expect the China neodymium iron boron magnet market to exhibit a CAGR of 4.3% during 2024-2032.

The growing utilization of neodymium iron boron magnet in high-performance motors, brushless DC motors, magnetic resonance imaging, sensors, etc., owing to their strong magnetic field, is currently driving the China neodymium iron boron magnet market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in temporary closure of numerous manufacturing units for neodymium iron boron magnet.

Based on the application, the China neodymium iron boron magnet market has been segmented into automobile, electronics, power generators, medical industry, wind power, and others. Among these, the automobile sector currently represents the largest market share.

Based on the domestic consumption and exports, the China neodymium iron boron magnet market can be bifurcated into domestic consumption and exports. Currently, domestic consumption accounts for the majority of the total market share.

On a regional level, the market has been classified into Guangdong, Jiangsu, Shandong, Zhejiang, Henan and others, where Guangdong currently dominates the market.

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China Neodymium Iron Boron Magnet Market Report by Application (Automobile, Electronics, Power Generators, Medical Industry, Wind Power, and Others), Domestic Consumption and Exports (Domestic Consumption, Exports), and Region 2024-2032
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