Global Neodymium Magnet Market (2022 to 2027)

DUBLIN, June 22, 2022 /PRNewswire/ — The “Neodymium Magnets Market: Forecasts from 2022 to 2027” Report has been added to ResearchAndMarkets.com offering.

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A neodymium magnet is a strong type of magnet made up of neodymium, boron, iron, and some transition metals. These magnets have high strength and are very light in weight as they are used in many applications in the automotive and consumer electronics industries. Neodymium magnets have a wide range of applications in hard drives, speakers, headphones, anti-lock brake sensors,

MRI scanners, etc. Increasing demand for neodymium magnets from various end-user industries such as automotive, consumer electronics, healthcare, and others is anticipated to drive market growth during the forecast period. Increasing demand for converging consumer electronics devices such as smart TVs, smartphones, and digital set-top boxes will be a major growth driver for the neodymium magnet market.

Furthermore, the increasing demand for MRI scanners in the healthcare industry is expected to increase the demand for neomagnets in the future because MRI scanners need high-power magnetic activity to capture high-quality images. For this purpose, neo magnets are widely used in MRI scanners. In addition, the growing demand for renewable energy and the increasing installation of wind turbines in various countries are anticipated to increase the demand for neomagnets, which will further drive the overall growth of the market.

market indicators

Growing applications of neomagnets in various industries:

The increasing adoption of neodymium magnets in various industries such as consumer electronics, automotive, healthcare, etc., is expected to drive the growth of the market in the coming years. The COVID-19 pandemic pushed most consumers to make smartphones their new essential, which in turn will increase the demand for neodymium magnets in the semiconductor industry.

According to the IBEF, the Indian market for consumer electronics was estimated to be around US$10.93 billion in 2019, and according to government estimates, the market is projected to reach US$21.18 billion in the year 2025. These developments are expected to enhance the growth of the neodymium magnet market in the coming years.

Increasing urbanization and rapid population growth are creating a massive demand for advanced consumer electronic devices. Major consumer electronics brands like Samsung, Apple, Redmi, and Oneplus are investing heavily in technology to introduce new devices to meet the increased demand for advanced devices, which is driving the growth of the semiconductor market as the market of neodymium magnets will increase significantly. grow during the forecast period.

Furthermore, the growing investments and technological developments in the medical device industry in many countries are expected to increase the demand for neomagnets in the healthcare industry. For example, Japanese investors made investments of 70000 rupees Cr in the medical device sector India. They also target 1,200 technical collaborations with Indian investors with a deal of more than 600 billion yen, 200 joint ventures of foreign investors abroad with more than 200 billion yen, and 50 multinationals with more than 200 billion yen. . The Indian government also plans to introduce a value credit incentive program. US$6.8 billion to boost the country’s health infrastructure.

competitive information

The growing demand for consumer electronics has led to the entry of several new players in the neodymium magnet market. In order to increase their clientele and increase their market share in the coming years, many of these market players have taken various strategic actions such as partnerships and the development of novel solutions, which are expected to keep the market competitive and constantly evolving.

Major market players such as TDK Corporation and Hitachi Metals, Ltd., among others, have been covered along with their relative competitive strategies. The report also mentions recent deals and investments by different market players in recent years. The company profiles section details business overview, financial performance (public companies) for the past few years, key products & services on offer along with recent deals and investments by these major players in the magnet market neodymium.

Key Topics Covered:

1. INTRODUCTION

2. Research methodology

3. Executive Summary

4. Market dynamics
4.1. market indicators
4.2. market restrictions
4.3. Porter’s five forces analysis
4.3.1. The power of provider’s negociation
4.3.2. The bargaining power of buyers
4.3.3. Threat of new entrants
4.3.4. Threat of substitutes
4.3.5. Competitive rivalry in the role
4.4. Industry value chain analysis

5. NEODYMIUM MAGNET MARKET BY TYPE
5.1. Guaranteed
5.2. sintered

6. NEODYMIUM MAGNET MARKET BY END-USER INDUSTRY
6.1. Automotive
6.2. Health care
6.3. Consumer electronics
6.4. Others

7. NEODYMIUM MAGNET MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Others
7.4. middle East Y Africa
7.4.1. Israel
7.4.2. Saudi Arabia
7.4.3. Others
7.5. Pacific Asia
7.5.1. Porcelain
7.5.2. Japan
7.5.3. India
7.5.4. Others

8. COMPETITIVE INTELLIGENCE
8.1. Market Positioning and Ranking Matrix
8.2. Recent investments and agreements
8.3. Key Player Strategies

9. COMPANY PROFILES
9.1. Adams Magnetic Products
9.2. DEXTER MAGNETIC TECHNOLOGIES
9.3. Arnold Magnetic Technologies
9.4. VACUUMSCHMELZE GmbH & Co. KG
9.5. TDK Corporation
9.6. Hitachi Metals, Ltd.
9.7. Baotou Tianhe Magnetics Technology Co., Ltd.
9.8. MAGNETIC GOUDSMIT
9.9. Thomas and Skinner Inc.
9.10. Pacific Metals Co., Ltd.

For more information on this report, visit https://www.researchandmarkets.com/r/83op8i

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