Nd-Fe-B Permanent Magnetic Materials Market Share, Growth, Outlook to 2022


The global Nd-Fe-B permanent magnetic materials market is expected to display high growth in forthcoming period. Nd-Fe-B Permanent Magnets are the latest products that have begun to take shape as technological innovations of this decade. The application base has increased to over 50% this decade. Europe is the biggest market for consumption of these substances. Two categories of rare earth magnets which are SmCo and NdFeB magnets are in existence today and are termed so because of their relation to parent lanthanides.

A demand for Nd-Fe-B permanent magnetic materials market growth is projected and with applications in automotive and consumer electronics sectors, it may be still being some time before strong growth is seen in both these sectors as much as in green technologies. The green technologies comprise wind turbines and new energy vehicles. Nd-Fe-B gave impetus to production of neodymium, the volume of which has increased catastrophically, one of the major driving factors to growth of Nd-Fe-B.

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Recycling presents a host of opportunities with advantages of recycling more developed and equitable than exploitation of primary resources. Nd-Fe-B PM is identified in hard disk drives, small electric motors and speakers. Their weight in the instruments varies and rare earths or Nd-Fe-B magnets lose their magnetic property upon reaching Curie temperature. For instance, neodymium in computers is 5.03 mg, 2.4 mg of it in Hard Disk Drives and 310 mg in loudspeakers.

Neodymium is going to be heartfelt to meet increasing consumption and will fall in short supply with Nd-Fe consumption not being met despite efforts to raise neodymium supply. A negative side to rare earth magnetic material industry is their brittle nature and their vulnerability to corrosion that is offset by a little bit of coating in order to prevent them from breaking or chipping.

Neodymium prices will skyrocket to a threshold point beyond which magnet consumers will replace Nd-Fe-B magnets with suitable alternatives. In order to drum up neodymium supply at such a short notice considering all the shortfalls of neodymium such as excessively high price, rare earth elements are being negotiated with use of dysprosium in high temperature applications, but active use of dysprosium is still not advisable.

Segmentation of Nd-Fe-B Permanent Magnetic Materials Market by Product types includes sintered Nd-Fe-B and bonded Nd-Fe-B. By application, Nd-Fe-B permanent magnetic materials market includes Energy-savings power generation equipment, consumer electronics, new energy vehicles and others. By geographical regions, segmentation includes North America, Europe, Asia Pacific, MEA and Latin America. The key players in Nd-Fe-B permanent magnetic material industry include NEOMAX, VAC, TDK, Shinetsu, and Zhmag.

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