May 21, 2024 04:05 ET | Source: Research and Markets Research and Markets
Dublin, May 21, 2024 (GLOBE NEWSWIRE) -- The "Global Neodymium-Iron-Boron Magnet Market Report by Application, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. The global neodymium-iron-boron magnet market size reached US$ 15.6 Billion in 2023. Looking forward, the market is projected to reach US$ 28.1 Billion by 2032, exhibiting a growth rate (CAGR) of 6.76% during 2023-2032. Neodymium-Iron-Boron Magnet Market Trends At present, there is a rise in the demand for renewable energy sources, such as wind and solar, to reduce the dependency on fossil fuels. This, along with the growing utilization of NdFeB magnets in wind turbine generators to increase their efficiency, represents one of the key factors driving the market. Besides this, the increasing employment of NdFeB magnets in robotics to power wheels, sensors, and motion is contributing to the growth of the market. In addition, there is an increase in the demand for NdFeB magnets to maintain the muscular tonus of astronauts during space flights across the globe. This, coupled with the rising application of these magnets as a motion-generating device in orthodontic treatments, molar distillation, and palatal expansion, is propelling the growth of the market. Moreover, the growing demand for NdFeB magnets in manufacturing speakers to create an opposing magnetic field that creates vibrations is offering a positive market outlook. Apart from this, the escalating demand for permanent magnets in electrical appliances, such as air conditioners (ACs), washing machines, dryers, cooling fan motors in computers, fans, and microwaves, is bolstering the growth of the market. Epoxy Coating Block Rare Earth Magnet
Key Market Segmentation This report provides an analysis of the key trends in each sub-segment of the global neodymium-iron-boron magnet market report, along with forecasts at the global and regional level from 2024-2032.
Competitive Landscape The report has also examined the competitive landscape of global neodymium-iron-boron magnet market. Key Questions Answered in This Report
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 5 Global Rare Earth Magnet Industry 5.1 Market Overview 5.2 Market Performance 5.3 Market Breakup by Magnet Type 5.4 Market Forecast 6 Global Neodymium-Iron-Boron (NdFeB) Magnet Industry 6.1 Market Overview 6.2 Market Performance 6.3 Impact of COVID-19 6.4 Price Analysis 6.4.1 Key Price Indicators 6.4.2 Price Structure 6.4.3 Price Trends 6.5 Market Breakup by Region 6.6 Market Breakup by Application 6.7 Market Forecast 6.8 SWOT Analysis 6.9 Value Chain Analysis 6.10 Porter's Five Forces Analysis 6.11 Key Success and Risk Factors 7 Performance of Key Regions 8 Market Breakup by Application 8.1 Automobile 8.2 Electronics 8.3 Power Generators 8.4 Medical Industry 8.5 Wind Power 8.6 Others 9 Competitive Landscape 9.1 Market Structure 9.2 Key Players 10 Neodymium-Iron-Boron Magnet (NdFeB) 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 For more information about this report visit https://www.researchandmarkets.com/r/j2xfk6
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