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Rare Earth Magnet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global rare earth magnet market reached a value of US$ 12.6 Billion in 2018. Rare-earth magnets refer to a type of permanent magnets which are made from the alloys of rare earth elements. They generate strong magnetic fields that assist in product miniaturization, improving product performance and reducing manufacturing costs. As these magnets are brittle and prone to corrosion, they are generally plated or coated to avert breaking, chipping or crumbling into powder. Owing to their numerous advantages, they find applications in the manufacturing of motors, separators, printers, microphones, automotive starters, acoustic transducers and computer disc drives.

Earlier, the application of rare earth magnets was largely confined to the motors and automotive industry. However, the global rare earth magnet market has recently experienced a rise in the demand from several new industries such as electronics, medical devices and actuators manufacturing. Moreover, on account of rapid urbanization, industrialization, growing penetration of electricity and increasing levels of automation in several industries, the electric motor industry is experiencing moderate growth. As the motor industry represents one of the largest end-users of rare earth magnets, this growth is creating a positive impact on their demand. Apart from this, expansion of the wind energy generation plants on account of the growing population and increasing demand for electricity is anticipated to boost the market growth in the upcoming years. As per IMARC’s estimates, the market is further projected to reach US$ 18.7 Billion by 2024, at a CAGR of 6.7% during 2019-2024.

Breakup by Magnet Type:

  • Neodymium-Iron-Boron (NdFeB) Magnets
  • Samarium-Cobalt (SmCo) Magnets 
     

Currently, NdFeB magnets account for the majority of the total market share as they are widely used in the field of energy. This can be accredited to their portable size, strong magnetic force and energy saving ability. As a result, these magnets are used in wind turbines, energy-efficient elevators, electric bicycles, hybrid vehicles, computer hard disk drives, medical equipment, consumer electronics, etc. 

Breakup by Application:

  • NdFeB Magnets
    • Automobile
    • Electronics
    • Power Generators
    • Medical Industry
    • Wind Power
    • Others
  • SmCo Magnets
    • Defense
    • Aerospace
    • Electronics
    • Medical Devices
    • Others
       

Rare earth magnets currently find myriad applications across various sectors. While NdFeB magnets are mostly utilized in the manufacturing of automobile, SmCo magnets are used in the defense sector. 

Regional Insights:

  • China
  • Japan
  • Europe
  • USA
     

China presently enjoys a leading position in the global rare earth magnet market on account of the easy availability of raw materials in the region.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report along with the detailed profiles of the major players operating in the industry.

Key Questions Answered in This Report:

  • How has the global rare earth magnet market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global rare earth magnet industry?
  • What are the major application segments in the global rare earth magnet industry? 
  • What are the key magnet types in the global rare earth magnet industry?
  • What are the price trends of rare earth magnets?
  • What are the various stages in the value chain of the global rare earth magnet industry?
  • What are the key driving factors and challenges in the global rare earth magnet industry?
  • What is the structure of the global rare earth magnet industry and who are the key players?
  • What is the degree of competition in the global rare earth magnet industry?
  • What are the profit margins in the global rare earth magnet industry?
  • What are the key requirements for setting up a rare earth magnet manufacturing plant?
  • How are rare earth magnets manufactured?
  • What are the various unit operations involved in a rare earth magnet manufacturing plant?
  • What is the total size of land required for setting up a rare earth magnet manufacturing plant?
  • What are the machinery requirements for setting up a rare earth magnet manufacturing plant?
  • What are the raw material requirements for setting up a rare earth magnet manufacturing plant?
  • What are the packaging requirements for rare earth magnets?
  • What are the transportation requirements for rare earth magnets?
  • What are the utility requirements for setting up a rare earth magnet manufacturing plant?
  • What are the manpower requirements for setting up a rare earth magnet manufacturing plant?
  • What are the infrastructure costs for setting up a rare earth magnet manufacturing plant?
  • What are the capital costs for setting up a rare earth magnet manufacturing plant

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Properties
    4.3    Key Industry Trends
5   Global Rare Earth Magnets Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1 Volume Trends
        5.2.2 Value Trends
    5.3    Price Analysis
        5.3.1    Key Price Indicators
        5.3.2    Price Structure
        5.3.3    Price Trends
    5.4    Market Breakup by Region
    5.5    Market Breakup by Magnet Type
    5.6    Market Breakup by Application
    5.7    Market Forecast 
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
     5.9    Value Chain Analysis
        5.9.1    Rare Earth Mining and Milling Companies
        5.9.2    Rare Earth Oxide Manufacturers
        5.9.3    Rare Earth Metal Manufacturers
        5.9.4    Rare Earth Alloy Manufacturers
        5.9.5    Rare Earth Magnet Manufacturers
        5.9.6    Product Distribution
        5.9.7    Scrap Magnets Removing and Separating Companies
        5.9.8    Recycling Companies
    5.10    Porter’s Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
    5.11    Key Market Drivers and Success Factors
6   Market Performance by Magnet Type
    6.1    NdFeB Magnets
        6.1.1 Volume Trends
        6.1.2 Value Trends
        6.1.3 Market Breakup by Region
        6.1.4 Market Breakup by Applications
        6.1.5 Market Forecast
    6.2    SmCo Magnets
        6.2.1 Volume Trends
        6.2.2 Value Trends
        6.2.3 Market Breakup by Region
        6.2.4 Market Breakup by Applications
        6.2.5 Market Forecast
7   Market Performance by Key Regions
    7.1    China
        7.1.1 NdFeB and SmCo Magnets Market: Volume Trends
        7.1.2 Market Forecast
    7.2    Japan
        7.2.1 NdFeB and SmCo Magnets Market: Volume Trends
        7.2.2 Market Forecast
    7.3    Europe
        7.3.1 NdFeB and SmCo Magnets Market: Volume Trends
        7.3.2 Market Forecast
    7.4    USA
        7.4.1 NdFeB and SmCo Magnets Market: Volume Trends
        7.4.2 Market Forecast
8   Market Breakup by Application
    8.1    NdFeB Magnets
        8.1.1    Automobile
             8.1.1.1 Market Trends
             8.1.1.2 Market Forecast
        8.1.2    Electronics 
             8.1.2.1 Market Trends
             8.1.2.2 Market Forecast
        8.1.3    Power Generators
             8.1.3.1 Market Trends
             8.1.3.2 Market Forecast
        8.1.4    Medical Industry 
             8.1.4.1 Market Trends
             8.1.4.2 Market Forecast
        8.1.5    Wind Power
             8.1.5.1 Market Trends
             8.1.5.2 Market Forecast
        8.1.6    Others
             8.1.6.1 Market Trends
             8.1.6.2 Market Forecast
    8.2    SmCo Magnets
        8.2.1    Defence
             8.2.1.1 Market Trends
             8.2.1.2 Market Forecast
        8.2.2    Aerospace
             8.2.2.1 Market Trends
             8.2.2.2 Market Forecast
        8.2.3    Electronics
             8.2.3.1 Market Trends
             8.2.3.2 Market Forecast
        8.2.4    Medical Devices
             8.2.4.1 Market Trends
             8.2.4.2 Market Forecast
        8.2.5    Others
             8.2.5.1 Market Trends
             8.2.5.2 Market Forecast
9   Competitive Landscape    
    9.1    Competitive Structure    
    9.2    Key Players
10  Rare Earth Magnet Manufacturing Process
    10.1    Product Overview
    10.2    Detailed Process Flow
    10.3    Various Types of Unit Operations Involved
    10.4    Mass Balance and Raw Material Requirements
11  Project Details, Requirements and Costs Involved
    11.1    Land Requirements and Expenditures
    11.2    Construction Requirements and Expenditures
    11.3    Plant Layout
    11.4    Plant Machinery
    11.5    Machinery Pictures
    11.6    Raw Material Requirements and Expenditures
    11.7    Raw Material and Final Product Pictures
    11.8    Packaging Requirements and Expenditures
    11.9    Transportation Requirements and Expenditures
    11.10     Utility Requirements and Expenditures
    11.11    Manpower Requirements and Expenditures
    11.12    Other Capital Investments
12  Loans and Financial Assistance
13  Project Economics

    13.1    Capital Cost of the Project
    13.2    Techno-Economic Parameters
    13.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    13.4    Taxation and Depreciation
    13.5    Income Projections
    13.6    Expenditure Projections
    13.7    Financial Analysis
    13.8    Profit Analysis
14  Key Player Profiles

List of Figures

Figure 1: Global: Rare Earth Magnets Market: Major Drivers and Challenges
Figure 2: Global: Rare Earth Magnets Market: Sales Volume Trends (in 000’ Metric Tons), 2011-2018
Figure 3: Global: Rare Earth Magnets Market: Sales Value Trends (in Billion US$), 2011-2018
Figure 4: Global: Rare Earth Magnets Market: Average Price Trends (in US$/Metric Ton), 2011-2018
Figure 5: Rare Earth Magnets Market: Price Structure (in US$/Metric Ton)
Figure 6: Global: Rare Earth Magnets Market: Breakup by Magnet Type (in %), 2018
Figure 7: Global: Rare Earth Magnets Market: Breakup by Application (in %), 2018
Figure 8: Global: Rare Earth Magnets Market: Breakup by Region (in %), 2018
Figure 9: Global: Rare Earth Magnets Market Forecast: Sales Volume Trends (in 000’ Metric Tons), 2019-2024
Figure 10: Global: Rare Earth Magnets Market Forecast: Sales Value Trends (in Billion US$), 2019-2024
Figure 11: Global: Rare Earth Magnets Industry: SWOT Analysis
Figure 12: Global: Rare Earth Magnets Industry: Value Chain Analysis
Figure 13: Global: Rare Earth Magnets Industry: Porter’s Five Forces Analysis
Figure 14: Global: NdFeB Magnets Market: Sales Volume Trends (in Metric Tons), 2011-2018
Figure 15: Global: NdFeB Magnets Market: Sales Value Trends (in Million US$), 2011-2018
Figure 16: Global: NdFeB Magnets Market: Breakup by Region (in %), 2018
Figure 17: Global: NdFeB Magnets Market: Breakup by Application (in %), 2018
Figure 18: Global: NdFeB Magnets Market Forecast: Sales Volume Trends (in Metric Tons), 2019-2024
Figure 19: Global: NdFeB Magnets Market Forecast: Sales Value Trends (in Million US$), 2019-2024
Figure 20: Global: SmCo Magnets Market: Sales Volume Trends (in Metric Tons), 2011-2018
Figure 21: Global: SmCo Magnets Market: Sales Value Trends (in Million US$), 2011-2018
Figure 22: Global: SmCo Magnets Market: Breakup by Region (in %), 2018
Figure 23: Global: SmCo Magnets Market: Breakup by Application (in %), 2018
Figure 24: Global: SmCo Magnets Market Forecast: Sales Volume Trends (in Metric Tons), 2019-2024
Figure 25: Global: SmCo Magnets Market Forecast: Sales Value Trends (in Million US$), 2019-2024
Figure 26: China: NdFeB Magnets Market: Volume Trends (in Tons), 2011-2018
Figure 27: China: SmCo Magnets Market: Volume Trends (in Tons), 2011-2018
Figure 28: China: NdFeB Magnets Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 29: China: SmCo Magnets Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 30: Japan: NdFeB Magnets Market: Volume Trends (in Tons), 2011-2018
Figure 31: Japan: SmCo Magnets Market: Volume Trends (in Tons), 2011-2018
Figure 32: Japan: NdFeB Magnets Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 33: Japan: SmCo Magnets Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 34: Europe: NdFeB Magnets Market: Volume Trends (in Tons), 2011-2018
Figure 35: Europe: SmCo Magnets Market: Volume Trends (in Tons), 2011-2018
Figure 36: Europe: NdFeB Magnets Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 37: Europe: SmCo Magnets Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 38: USA: NdFeB Magnets Market: Volume Trends (in Tons), 2011-2018
Figure 39: USA: SmCo Magnets Market: Volume Trends (in Tons), 2011-2018
Figure 40: USA: NdFeB Magnets Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 41: USA: SmCo Magnets Market Forecast: Volume Trends (in Tons), 2019-2024
Figure 42: Global NdFeB Magnets Market: Automobile (in Million US$), 2011 & 2018
Figure 43: Global NdFeB Magnets Market Forecast: Automobile (in Million US$), 2019-2024
Figure 44: Global NdFeB Magnets Market: Electronics (in Million US$), 2011 & 2018
Figure 45: Global NdFeB Magnets Market Forecast: Electronics (in Million US$), 2019-2024
Figure 46: Global NdFeB Magnets Market: Power Generators (in Million US$), 2011 & 2018
Figure 47: Global NdFeB Magnets Market Forecast: Power Generators (in Million US$), 2019-2024
Figure 48: Global NdFeB Magnets Market: Medical Industry (in Million US$), 2011& 2018
Figure 49: Global NdFeB Magnets Market Forecast: Medical Industry (in Million US$), 2019-2024
Figure 50: Global NdFeB Magnets Market: Wind Power (in Million US$), 2011 & 2018
Figure 51: Global NdFeB Magnets Market Forecast: Wind Power (in Million US$), 2019-2024
Figure 52: Global SmCo Magnets Market: Defence (in Million US$), 2011 & 2018
Figure 53: Global SmCo Magnets Market Forecast: Defence (in Million US$), 2019-2024
Figure 54: Global SmCo Magnets Market: Aerospace (in Million US$), 2011 & 2018
Figure 55: Global SmCo Magnets Market Forecast: Aerospace (in Million US$), 2019-2024
Figure 56: Global SmCo Magnets Market: Electronics (in Million US$), 2011 & 2018
Figure 57: Global SmCo Magnets Market Forecast: Electronics (in Million US$), 2019-2024
Figure 58: Global SmCo Magnets Market: Medical Devices (in Million US$), 2011 & 2018
Figure 59: Global SmCo Magnets Market Forecast: Medical Devices (in Million US$), 2019-2024
Figure 60: Rare Earth Magnets Manufacturing Plant: Detailed Process Flow
Figure 61: Rare Earth Magnets Manufacturing: Conversion Rate of Feedstocks
Figure 62: Rare Earth Magnets Manufacturing Plant: Proposed Plant Layout
Figure 63: Rare Earth Magnets Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 64: Rare Earth Magnets Industry: Profit Margins at Various Levels of the Supply Chain
Figure 65: Rare Earth Magnets Production: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: Rare Earth Magnets Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Rare Earth Magnets Market Forecast: Breakup by Magnet Type (in Million US$), 2019-2024
Table 3: Global: Rare Earth Magnets Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 4: Global: NdFeB Magnets Market: Key Industry Highlights, 2018 and 2024
Table 5: Global: NdFeB Magnets Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 6: Global: NdFeB Magnets Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 7: Global: SmCo Magnets Market: Key Industry Highlights, 2018 and 2024
Table 8: Global: SmCo Magnets Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 9: Global: SmCo Magnets Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 10: Global: Rare Earth Magnets Market: Competitive Structure
Table 11: Global: Rare Earth Magnets Market: Key Players
Table 12: Rare Earth Magnets Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 13: Rare Earth Magnets Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 14: Rare Earth Magnets Manufacturing Plant: Costs Related to Machinery Unit (in US$)
Table 15: Rare Earth (NdFeB) Magnets Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditure (US$/Ton)
Table 16: Rare Earth (SmCo) Magnets Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditure (US$/Ton)
Table 17: Rare Earth Magnets Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 18: Rare Earth Magnets Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 19: Details of Financial Assistance Offered by Financial Institutions
Table 20: Rare Earth Magnets Manufacturing Plant: Capital Costs (in US$)
Table 21: Rare Earth Magnets Manufacturing Plant: Techno-Economic Parameters
Table 22: Rare Earth Magnets Manufacturing Plant: Taxation and Depreciation (in US$)
Table 23: Rare Earth Magnets Manufacturing Plant: Income Projections (in US$)
Table 24: Rare Earth Magnets Manufacturing Plant: Expenditure Projections (in US$)
Table 25: Rare Earth Magnets Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 26: Rare Earth Magnets Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 27: Rare Earth Magnets Manufacturing Plant: Profit and Loss Account (in US$)

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