The Neo Magnet market is expected to grow from USD 3,200 million in 2022 to USD 5,212.46 million by 2032, at a CAGR of 5.00% during the forecast period 2023-2032.
Neo magnets or neodymium magnets are also known as rare earth magnets. These magnets are formed by combining iron, neodymium, boron and other transition metals. The composition of the magnets varies as per the application and required strength. These magnets offer an unmatched level of magnetism. Neodymium magnets are graded based on maximum energy. The higher value depicts a stronger magnet.
The driving factors of the market growth are the increasing demand for neo magnet in consumer electronics and the rise in medical equipment demand. However, the fluctuating raw material prices will act as a restraining factor for the market. The rising production of automobiles, mainly from developing countries, is expected to propel market growth over the forecast period.
This study delivers a comprehensive analysis of type, product, end user, and region. The type segment includes neodymium-iron-boron (NdFeB) magnets and samarium-cobalt (SmCo) magnets. The neodymium-iron-boron (NdFeB) segment held the largest market share in 2022. This is mainly because these can be utilized in various applications such as wind turbines, computer hard discs, medical equipment, and elevators, among others. The product segment includes sintered and bonded. The sintered segment held the largest market share in 2022. These magnets have a higher life because they are corrosion resistant. Due to this property, these magnets are considered more efficient than bonded ones. The end user segment includes consumer electronics, automotive, general industrial, medical devices, energy and others. The consumer electronics segment held the largest market share in 2022. In consumer electronics, these magnets are used in loudspeakers, mobile phones, hard disks, cameras, and air conditioners. Also, the rise in disposable income will boost the consumer electronic segment to grow.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia Pacific holds the largest market share due to the presence of prominent players. Also, it consists of several developing countries, contributing to the growth of electronic sectors. Such as China, they have developed itself as a country that offers low-cost consumer electronics, attracting customers. The demand for automobiles will also boost the market growth in this region.
Some of the notable players in the market are Yantai Shougang Magnetic Materials inc, Tengam Engineering Inc, TDK Corporation, Shin Etsu Chemical Co Ltd, Hitachi Metals, Ningbo Yunsheng Co Ltd, Goudsmith Magnetics, Electron Energy Corporation, Eclipse Magnetics, Chengdu Galaxy Magnets, Bunting Magnetic Products Co Inc, Arnold Magnetic Technologies, and among others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Type
4.3.2. Market Attractiveness Analysis by Product
4.3.3. Market Attractiveness Analysis by End User
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing demand for neo magnet in consumer electronics
5.2.2. Rise in demand from medical equipment
5.3. Restraints
5.3.1. Fluctuating raw material prices
5.4. Opportunities
5.4.1. Rising production of automotives
6. Global Neo Magnet Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Neodymium-Iron-Boron (NdFeB) Magnets
6.3. Samarium-Cobalt (SmCo) Magnets
7. Global Neo Magnet Market Analysis and Forecast, By Product
7.1. Segment Overview
7.2. Sintered
7.3. Bonded
8. Global Neo Magnet Market Analysis and Forecast, By End User
8.1. Segment Overview
8.2. Consumer Electronics
8.3. Automotive
8.4. General Industrial
8.5. Medical Devices
8.6. Energy
8.7. Others
9. Global Neo Magnet Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Neo Magnet Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Neo Magnet Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Yantai Shougang Magnetic Materials inc
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Tengam Engineering Inc
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. TDK Corporation
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Shin Etsu Chemical Co Ltd
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Hitachi Metals
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Ningbo Yunsheng Co Ltd
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Goudsmith Magnetics
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Electron Energy Corporation
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Eclipse Magnetics
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Chengdu Galaxy Magnets
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Bunting Magnetic Products Co Inc
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Arnold Magnetic Technologies
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
List of Table
1. Global Neo Magnet Market, By Type, 2019-2032 (USD Million)
2. Global Neodymium-Iron-Boron (NdFeB) Magnets, Neo Magnet Market, By Region, 2019-2032 (USD Million)
3. Global Samarium-Cobalt (SmCo) Magnets, Neo Magnet Market, By Region, 2019-2032 (USD Million)
4. Global Neo Magnet Market, By Product, 2019-2032 (USD Million)
5. Global Sintered, Neo Magnet Market, By Region, 2019-2032 (USD Million)
6. Global Bonded, Neo Magnet Market, By Region, 2019-2032 (USD Million)
7. Global Neo Magnet Market, By End User, 2019-2032 (USD Million)
8. Global Consumer Electronics, Neo Magnet Market, By Region, 2019-2032 (USD Million)
9. Global Automotive, Neo Magnet Market, By Region, 2019-2032 (USD Million)
10. Global General Industrial, Neo Magnet Market, By Region, 2019-2032 (USD Million)
11. Global Medical Devices, Neo Magnet Market, By Region, 2019-2032 (USD Million)
12. Global Energy, Neo Magnet Market, By Region, 2019-2032 (USD Million)
13. Global Others, Neo Magnet Market, By Region, 2019-2032 (USD Million)
14. North America Neo Magnet Market, By Type, 2019-2032 (USD Million)
15. North America Neo Magnet Market, By Product, 2019-2032 (USD Million)
16. North America Neo Magnet Market, By End User, 2019-2032 (USD Million)
17. U.S. Neo Magnet Market, By Type, 2019-2032 (USD Million)
18. U.S. Neo Magnet Market, By Product, 2019-2032 (USD Million)
19. U.S. Neo Magnet Market, By End User, 2019-2032 (USD Million)
20. Canada Neo Magnet Market, By Type, 2019-2032 (USD Million)
21. Canada Neo Magnet Market, By Product, 2019-2032 (USD Million)
22. Canada Neo Magnet Market, By End User, 2019-2032 (USD Million)
23. Mexico Neo Magnet Market, By Type, 2019-2032 (USD Million)
24. Mexico Neo Magnet Market, By Product, 2019-2032 (USD Million)
25. Mexico Neo Magnet Market, By End User, 2019-2032 (USD Million)
26. Europe Neo Magnet Market, By Type, 2019-2032 (USD Million)
27. Europe Neo Magnet Market, By Product, 2019-2032 (USD Million)
28. Europe Neo Magnet Market, By End User, 2019-2032 (USD Million)
29. Germany Neo Magnet Market, By Type, 2019-2032 (USD Million)
30. Germany Neo Magnet Market, By Product, 2019-2032 (USD Million)
31. Germany Neo Magnet Market, By End User, 2019-2032 (USD Million)
32. France Neo Magnet Market, By Type, 2019-2032 (USD Million)
33. France Neo Magnet Market, By Product 2019-2032 (USD Million)
34. France Neo Magnet Market, By End User, 2019-2032 (USD Million)
35. U.K. Neo Magnet Market, By Type, 2019-2032 (USD Million)
36. U.K. Neo Magnet Market, By Product 2019-2032 (USD Million)
37. U.K. Neo Magnet Market, By End User, 2019-2032 (USD Million)
38. Italy Neo Magnet Market, By Type, 2019-2032 (USD Million)
39. Italy Neo Magnet Market, By Product 2019-2032 (USD Million)
40. Italy Neo Magnet Market, By End User, 2019-2032 (USD Million)
41. Spain Neo Magnet Market, By Type, 2019-2032 (USD Million)
42. Spain Neo Magnet Market, By Product 2019-2032 (USD Million)
43. Spain Neo Magnet Market, By End User, 2019-2032 (USD Million)
44. Asia Pacific Neo Magnet Market, By Type, 2019-2032 (USD Million)
45. Asia Pacific Neo Magnet Market, By Product 2019-2032 (USD Million)
46. Asia Pacific Neo Magnet Market, By End User, 2019-2032 (USD Million)
47. Japan Neo Magnet Market, By Type, 2019-2032 (USD Million)
48. Japan Neo Magnet Market, By Product 2019-2032 (USD Million)
49. Japan Neo Magnet Market, By End User, 2019-2032 (USD Million)
50. China Neo Magnet Market, By Type, 2019-2032 (USD Million)
51. China Neo Magnet Market, By Product 2019-2032 (USD Million)
52. China Neo Magnet Market, By End User, 2019-2032 (USD Million)
53. India Neo Magnet Market, By Type, 2019-2032 (USD Million)
54. India Neo Magnet Market, By Product 2019-2032 (USD Million)
55. India Neo Magnet Market, By End User, 2019-2032 (USD Million)
56. South America Neo Magnet Market, By Type, 2019-2032 (USD Million)
57. South America Neo Magnet Market, By Product 2019-2032 (USD Million)
58. South America Neo Magnet Market, By End User, 2019-2032 (USD Million)
59. Brazil Neo Magnet Market, By Type, 2019-2032 (USD Million)
60. Brazil Neo Magnet Market, By Product 2019-2032 (USD Million)
61. Brazil Neo Magnet Market, By End User, 2019-2032 (USD Million)
62. Middle East and Africa Neo Magnet Market, By Type, 2019-2032 (USD Million)
63. Middle East and Africa Neo Magnet Market, By Product 2019-2032 (USD Million)
64. Middle East and Africa Neo Magnet Market, By End User, 2019-2032 (USD Million)
65. UAE Neo Magnet Market, By Type, 2019-2032 (USD Million)
66. UAE Neo Magnet Market, By Product 2019-2032 (USD Million)
67. UAE Neo Magnet Market, By End User, 2019-2032 (USD Million)
68. South Africa Neo Magnet Market, By Type, 2019-2032 (USD Million)
69. South Africa Neo Magnet Market, By Product 2019-2032 (USD Million)
70. South Africa Neo Magnet Market, By End User, 2019-2032 (USD Million)
List of Figures
1. Global Neo Magnet Market Segmentation
2. Global Neo Magnet Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Neo Magnet Market Attractiveness Analysis by Type
9. Global Neo Magnet Market Attractiveness Analysis by Product
10. Global Neo Magnet Market Attractiveness Analysis by End User
11. Global Neo Magnet Market Attractiveness Analysis by Region
12. Global Neo Magnet Market: Dynamics
13. Global Neo Magnet Market Share by Type (2023 & 2032)
14. Global Neo Magnet Market Share by Product (2023 & 2032)
15. Global Neo Magnet Market Share by End User (2023 & 2032)
16. Global Neo Magnet Market Share by Regions (2023 & 2032)
17. Global Neo Magnet Market Share by Company (2022)
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