2019-2024 Global Neodymium Magnet Market Report
The Global Neodymium Magnet Market Growth 2019-2024 Report added by DecisionDatabases.com gives an in depth industry analysis of the market. It covers the costing, sales, revenue details and forecasts.
Neodymium Magnet is A neodymium magnet (also known as NdFeB, NIB or Neo magnet), the most widely used type of rare-earth magnet, is a permanent magnet made from an alloy of neodymium, iron and boron to form the Nd2Fe14B tetragonal crystalline structure. Developed in 1982 by General Motors and Sumitomo Special Metals, neodymium magnets are the strongest type of permanent magnet commercially available.
Neodymium Magnet product demand market there is also a certain space, but basically showing the scarcity of high-end products, low-end products, excess capacity, there is a large market demand for high-end products to seize market share of imports acts, local enterprises export more low-end products overcapacity or molding process basic Materials.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.
According to this study, over the next five years the Neodymium Magnet market will register a 11.0% CAGR in terms of revenue, the global market size will reach US$ 280 million by 2024, from US$ 150 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Neodymium Magnet business, shared in Chapter 3.
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The key manufacturers covered in this report:
- R.Audemars SA
- Daido Steel
- Shin-Etsu Chemical
- Hitachi Metals
- Ta Tong Magnet
- Galaxy Magnets
- Ningbo Co-star
- Beijing Jingci Magnet
- Tianhe Magnets
- Guangzhou Golden South
- Jiangxi Yingguang Magnet
- Ningbo Yunsheng
Segmentation by product type:
Segmentation by application:
- Electro-acoustic Field
- Electronic Appliances Field
- Mechanical Equipment Field
This report also splits the market by region:
- United States
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- To study and analyze the global Neodymium Magnet consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Neodymium Magnet market by identifying its various subsegments.
- Focuses on the key global Neodymium Magnet manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Neodymium Magnet with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Neodymium Magnet submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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