Global NdFeB Magnets Supply, Demand and Key Producers, 2026-2032
Description
The global NdFeB Magnets market size is expected to reach $ 19710 million by 2032, rising at a market growth of 3.4% CAGR during the forecast period (2026-2032).
In 2024, global NdFeB Magnet production reached approximately 299501 tonne, with an average global market price of around US$ 46961 per tonne. NdFeB magnet (also known as Neodymium magnets) is a permanent rare earth magnet formed from an alloy of Neodymium, Iron, and Boron (hence Nd-Fe-B). NdFeB magnets are the strongest, most commonly used rare earth magnets in the world. They provide unparalleled levels of magnetism and resistance to demagnetization when compared to ceramic, alnico, and even samarium-cobalt magnets.
Upgrade of demand structure
New energy vehicles: The usage of neodymium iron boron per vehicle is 5-10 kilograms, and the sales of new energy vehicles in China will reach 9.5 million units in 2024, directly driving demand.
Wind power: Direct drive permanent magnet fans account for 70%, with a single magnet consumption of 2-3 tons.
Humanoid robots: with a single unit consumption of 2-4 kilograms, the global shipment volume is expected to reach 5 million units by 2030.
Technological iteration and innovation
The third-generation neodymium iron boron (NdFeB) has a magnetic energy product of over 50MGOe. Domestic enterprises have improved the coercivity to over 35kOe through rapid solidification and grain boundary diffusion processes, and reduced the amount of medium and heavy rare earths by 30%. For example, the cerium magnet developed by Baotou Rare Earth Research Institute has reduced the cost by 20% and has been applied in fields such as air conditioning compressors.
Competitive landscape and policy impact
China leads the global supply chain, accounting for over 70% of production in 2024, forming industrial clusters such as Ningbo and Baotou. In terms of policy, the control of rare earth mining indicators and export restrictions have optimized the supply and demand pattern, but the export of permanent magnet products has not been restricted, which is beneficial for local enterprises.
Risks and Challenges
International countermeasures: The United States, Europe, and Japan may weaken China's advantage through technological substitution or trade negotiations.
Environmental pressure: It is necessary to address the pollution caused by rare earth mining and promote reduction measures such as low dysprosium technology.
This report studies the global NdFeB Magnets production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for NdFeB Magnets and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of NdFeB Magnets that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global NdFeB Magnets total production and demand, 2021-2032, (Tons)
Global NdFeB Magnets total production value, 2021-2032, (USD Million)
Global NdFeB Magnets production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Tons), (based on production site)
Global NdFeB Magnets consumption by region & country, CAGR, 2021-2032 & (Tons)
U.S. VS China: NdFeB Magnets domestic production, consumption, key domestic manufacturers and share
Global NdFeB Magnets production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Tons)
Global NdFeB Magnets production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Tons)
Global NdFeB Magnets production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Tons)
This report profiles key players in the global NdFeB Magnets market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Proterial(Hitachi Metals), Zhong Ke San Huan, Jl Mag Rare-Earth, Zhenghai Magnetic, Ningbo Yunsheng, Shin-Etsu, Yantai Dongxing, TDK, Tianhe Magnets, AT&M, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World NdFeB Magnets market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Tons) and average price (K US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global NdFeB Magnets Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global NdFeB Magnets Market, Segmentation by Type:
Bonded NdFeB
Sintered NdFeB
Global NdFeB Magnets Market, Segmentation by Application:
Electric Motors
Auto Industry
Offshore Wind Turbines
Consumer Electronics
Others
Companies Profiled:
Proterial(Hitachi Metals)
Zhong Ke San Huan
Jl Mag Rare-Earth
Zhenghai Magnetic
Ningbo Yunsheng
Shin-Etsu
Yantai Dongxing
TDK
Tianhe Magnets
AT&M
Innuovo Technology
Jintian Copper
Vacuumschmelze
Earth-Panda
Jingci Magnet
Galaxy Magnets
Key Questions Answered:
1. How big is the global NdFeB Magnets market?
2. What is the demand of the global NdFeB Magnets market?
3. What is the year over year growth of the global NdFeB Magnets market?
4. What is the production and production value of the global NdFeB Magnets market?
5. Who are the key producers in the global NdFeB Magnets market?
6. What are the growth factors driving the market demand?
In 2024, global NdFeB Magnet production reached approximately 299501 tonne, with an average global market price of around US$ 46961 per tonne. NdFeB magnet (also known as Neodymium magnets) is a permanent rare earth magnet formed from an alloy of Neodymium, Iron, and Boron (hence Nd-Fe-B). NdFeB magnets are the strongest, most commonly used rare earth magnets in the world. They provide unparalleled levels of magnetism and resistance to demagnetization when compared to ceramic, alnico, and even samarium-cobalt magnets.
Upgrade of demand structure
New energy vehicles: The usage of neodymium iron boron per vehicle is 5-10 kilograms, and the sales of new energy vehicles in China will reach 9.5 million units in 2024, directly driving demand.
Wind power: Direct drive permanent magnet fans account for 70%, with a single magnet consumption of 2-3 tons.
Humanoid robots: with a single unit consumption of 2-4 kilograms, the global shipment volume is expected to reach 5 million units by 2030.
Technological iteration and innovation
The third-generation neodymium iron boron (NdFeB) has a magnetic energy product of over 50MGOe. Domestic enterprises have improved the coercivity to over 35kOe through rapid solidification and grain boundary diffusion processes, and reduced the amount of medium and heavy rare earths by 30%. For example, the cerium magnet developed by Baotou Rare Earth Research Institute has reduced the cost by 20% and has been applied in fields such as air conditioning compressors.
Competitive landscape and policy impact
China leads the global supply chain, accounting for over 70% of production in 2024, forming industrial clusters such as Ningbo and Baotou. In terms of policy, the control of rare earth mining indicators and export restrictions have optimized the supply and demand pattern, but the export of permanent magnet products has not been restricted, which is beneficial for local enterprises.
Risks and Challenges
International countermeasures: The United States, Europe, and Japan may weaken China's advantage through technological substitution or trade negotiations.
Environmental pressure: It is necessary to address the pollution caused by rare earth mining and promote reduction measures such as low dysprosium technology.
This report studies the global NdFeB Magnets production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for NdFeB Magnets and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of NdFeB Magnets that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global NdFeB Magnets total production and demand, 2021-2032, (Tons)
Global NdFeB Magnets total production value, 2021-2032, (USD Million)
Global NdFeB Magnets production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Tons), (based on production site)
Global NdFeB Magnets consumption by region & country, CAGR, 2021-2032 & (Tons)
U.S. VS China: NdFeB Magnets domestic production, consumption, key domestic manufacturers and share
Global NdFeB Magnets production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Tons)
Global NdFeB Magnets production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Tons)
Global NdFeB Magnets production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Tons)
This report profiles key players in the global NdFeB Magnets market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Proterial(Hitachi Metals), Zhong Ke San Huan, Jl Mag Rare-Earth, Zhenghai Magnetic, Ningbo Yunsheng, Shin-Etsu, Yantai Dongxing, TDK, Tianhe Magnets, AT&M, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World NdFeB Magnets market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Tons) and average price (K US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global NdFeB Magnets Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global NdFeB Magnets Market, Segmentation by Type:
Bonded NdFeB
Sintered NdFeB
Global NdFeB Magnets Market, Segmentation by Application:
Electric Motors
Auto Industry
Offshore Wind Turbines
Consumer Electronics
Others
Companies Profiled:
Proterial(Hitachi Metals)
Zhong Ke San Huan
Jl Mag Rare-Earth
Zhenghai Magnetic
Ningbo Yunsheng
Shin-Etsu
Yantai Dongxing
TDK
Tianhe Magnets
AT&M
Innuovo Technology
Jintian Copper
Vacuumschmelze
Earth-Panda
Jingci Magnet
Galaxy Magnets
Key Questions Answered:
1. How big is the global NdFeB Magnets market?
2. What is the demand of the global NdFeB Magnets market?
3. What is the year over year growth of the global NdFeB Magnets market?
4. What is the production and production value of the global NdFeB Magnets market?
5. Who are the key producers in the global NdFeB Magnets market?
6. What are the growth factors driving the market demand?
Table of Contents
136 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
Currency Rates
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