Neodymium Magnets Market
Neodymium Magnets Market - By Application (Automobile, Electronics, Power Generators, Medical Industry, Wind Power, Others) & Global Region - Market Size, Share, Trends and Forecast 2020-2025Request Sample Request Discount
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Neodymium magnets, also known as NIB magnet, is a form of rare earth metal Neodymium. Neodymium Magnets are known as strongest magnets in the world and are being used in a vast range of applications such as an electrical motor, medical science, and others. The market for Neodymium Magnets is growing constantly over the years and was totaled at a value of USD XXX Million in 2020. The global Neodymium Magnets market is expected to thrive at a CAGR of 8.3% during the forecast period to reach a valuation of USD XXX Million by 2025.
Growth Drivers & Restraints:
Neodymium magnets are a permanent type of rare-earth magnet. These magnets acquire the strongest magnetic force which makes them capable of lifting in excess of 1,000 times their own weight. These neodymium magnets are enriched with super-strong adhesive force, and suitable for small spaces, this makes them more suitable for application where the strongest magnetic force is required from the smallest possible volume of magnet material.
Furthermore, growing energy efficiency concerns across the globe are augmenting the demand for smaller, lighter and more energy dense devices. As such devices can be developed using neodymium magnets, this factor is predicted to bolster the growth of global neodymium magnets market in the coming years. Region wise, the neodymium magnets market is dominated by Asia Pacific region as the Asian countries such as China, Japan, India, and Thailand are collectively responsible for most of the worlds’ magnet supply. Wind generators, electric bicycle, acoustic devices, elevators, air conditioners, and various PM motors are few major neodymium magnet related applications. Also, the strong production of non-licensed neodymium magnets in China is also backing the growth of Asia Pacific neodymium market. However, price volatility of rare earth materials such as dysprosium and neodymium due to the ban of export of rare earth elements from China to other regions is estimated to hamper the growth of the neodymium magnet market.
The research offers a comprehensive analysis of Neodymium Magnets market with respect to following sub-markets:
- Power Generators
- Medical Industry
- Wind Power
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as:
- Adams Magnetic Products Co.
- Delta Magnets
- Hitachi Metals, Ltd.
- Magma Magnetic Technologies Ltd.
- AIM Magnet
- Dexter Magnetic Technologies
- Arnold Magnetic Technologies
- Allstar Magnetics, LLC
- Stanford Magnets, Inc.
- Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in Neodymium Magnets market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global Neodymium Magnets market by the following segments:
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Neodymium Magnets Industry Report
- What is the overall market size in 2020? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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