Neodymium Rare Earth Magnets Market Business Scenario Analysis by Trend, Share, Revenue, Growth Rate and Opportunity Assessment till 2025
Global Neodymium Rare Earth Magnets Market Research Report 2021 is latest research study released by Adroit Market Research evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support.
Dallas, United States – May 24, 2021 /MarketersMedia/ —
Neodymium magnets are viewed as probably the most grounded magnet all through businesses. Inferable from their solid attractive properties, even smaller than normal measured magnets discover wide use in various mechanical applications and several other properties of these magnets are the major factors that are fueling the growth of the global neodymium rare earth magnets market over the forecast time frame. A portion of the key utilization zones for neo magnets incorporate electronic gadgets, electrical machines, clinical gear and gadgets, wind power age, auto among others. Increasing applications of the product in the coming years is also contributing to the segmental growth over the analysis timeframe.
China has suddenly ended the fare of minerals, metals and salts in the previous decade to Japan, who is another driving purchaser of these components. Other uncommon properties like super-strength, protection from demagnetization and execution makes it ideal for use in various sizes and shapes. Increasing technological advancements as well as growing adoption of technologies in several sectors, increasing research and development activities for the expansion of the global neodymium rare earth magnets market are fueling the industry growth.
The global neodymium rare earth magnets market generated a market revenue of USD 12.74 billion in 2018. Neodymium magnets are regarded as one of the strongest magnets throughout industries.
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Not at all like impermanent magnets that need an outside electric inventory to create an attractive field, these magnets display their own attractive field which wipes out the utilization of electric stock. This progression has affected numerous nations across the globe that rely upon Japan for the end results produced using rare earth metals, including the U.S. Attributable to this vulnerability in the global exchange for rare earth metals, makers were provoked to search for elective sources to diminish their reliance on China.
Neodymium magnets market is in an unpredictable stage and global producers are confronting savage rivalry from Chinese makers. Fast creation and reception of mixture and electric vehicles, particularly from China is by and by enhancing the interest for neodymium magnets, and is probably going to grandstand a comparative solid pattern in the coming decade.
Asia Pacific neodymium rare earth magnets market is expected to witness significant gains in the coming years as well as it contributes a large amount of market share in the previous few years. Among the region, China market is driving the race with an income market portion of 76.7% in 2018. China is the biggest extractor of rare-earth components just as producer and exporter of completed neodymium magnets. In this manner, China has ascended to be a major contributor in Asia Pacific, yet additionally a country fit for critical force projection outside of its ordinary range of authority. China is right now making the most of its syndication in rare earth component mining and fares because of the presence of number of assets and huge mines.
Some of the top players in the neodymium rare earth magent market are Daido Steel Co. Ltd., Shin-Etsu Chemicals, Hitachi Metal, TDK, Nippon Steel, and Sumitomo Metal among others.
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Key segments of the global neodymium rare earth magnet market
Type Overview, 2015-2025 (USD Million) (Kilo Tons)
Bonding
Sintering
End Use Overview, 2015-2025 (USD Million) (Kilo Tons)
Healthcare
Electrical devices & electronic appliances
Wind power generation
Automotive
Industrial motors
Others
Regional Overview, 2015-2025 (USD Million) (Kilo Tons)
North America
Europe
Asia Pacific
China
India
Japan
Southeast Asia
Rest of Asia Pacific
Rest of the world
Some Major Points from Table of Contents:
Chapter 7 Company Profiles
7.1 Neo
7.1.1 Company overview
7.1.2 Product offerings
7.1.3 Financial performance
7.1.4 Recent developments
7.2 R. Audemars SA
7.2.1 Company overview
7.2.2 Product offerings
7.3 TDK
7.3.1 Company overview
7.3.2 Product offerings
7.3.3 Financial performance
7.4 Daido Steel Co., Ltd.
7.4.1 Company overview
7.4.2 Product offerings
7.4.3 Financial performance
7.4.4 Recent developments
7.5 Shin-Etsu Chemical
7.5.1 Company overview
7.5.2 Product offerings
7.5.3 Financial performanc
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About Us :
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a Market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable Market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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