A recent report by KD market insights titled as "Neodymium Magnets Market - By Application (Automobile, Electronics, Power Generators, Medical Industry, Wind Power, Others) & Global Region - Market Size, Share, Trends and Forecast 2018-2023" provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2018-2023. The study also provides the Neodymium Magnets Market competitors share and region wise analysis around the globe.
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 2018. 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 2023.
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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.
Segmentation
The research offers a comprehensive analysis of Neodymium Magnets market with respect to following sub-markets:
By Application
Automobile
Electronics
Power Generators
Medical Industry
Wind Power
Others
By Geography
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)
Competitive Landscape
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).
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Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
Executive Summary
Growth Drivers & Issues in Global Neodymium magnets Market
Global Neodymium magnets Market Trends
Opportunities in Global Neodymium magnets Market
Recent Industry Activities, 2017
Porter's Five Forces Analysis
Market Value Chain and Supply Chain Analysis
Products Average Price Analysis, By Country
Global Neodymium magnets Market Value (USD Million), 2017-2023
10. Global Neodymium magnets Market Segmentation Analysis, By Application
10.1. Introduction
10.2. Market Attractiveness, By Application
10.3. BPS Analysis, By Application
10.4. Automobile Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5. Electronics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.6. Power Generators Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.7. Medical Industry Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.8. Wind Power Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11. Geographical Analysis
11.1. Introduction
11.2. North America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.2.1. By Application
11.2.1.1. Introduction
11.2.1.2. Market Attractiveness, By Application
11.2.1.3. BPS Analysis, By Application
11.2.1.4. Automobile Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.2.1.5. Electronics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.2.1.6. Power Generators Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.2.1.7. Medical Industry Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.2.1.8. Wind Power Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.2.1.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.2.2. By Country
11.2.2.1. Market Attractiveness, By Country
11.2.2.2. BPS Analysis, By Country
11.2.2.3. U.S. Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.2.2.4. Canada Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.3. Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.3.1. By Application
11.3.1.1. Introduction
11.3.1.2. Market Attractiveness, By Application
11.3.1.3. BPS Analysis, By Application
11.3.1.4. Automobile Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.3.1.5. Electronics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.3.1.6. Power Generators Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.3.1.7. Medical Industry Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.3.1.8. Wind Power Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.3.1.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.3.2. By Country
11.3.2.1. Market Attractiveness, By Country
11.3.2.2. BPS Analysis, By Country
11.3.2.3. Germany Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.3.2.4. United Kingdom Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.3.2.5. France Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.3.2.6. Italy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.3.2.7. Spain Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.3.2.8. Russia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.3.2.9. Rest of Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
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