Bonded Neodymium Magnet Market Revenue was valued at USD 3.25 Billion in 2024 and is estimated to reach USD 5.12 Billion by 2033, growing at a CAGR of 5.4% from 2026 to 2033.
The global bonded neodymium magnet market has exhibited substantial growth, with the Asia Pacific region leading due to rapid industrialization and the presence of major electronics and automotive manufacturers in countries like China, Japan, and South Korea. In 2023, the Asia Pacific region accounted for a significant share of the global market, and it is projected to continue its dominance with a compound annual growth rate (CAGR) of 8.1% from 2024 to 2032. North America follows, driven by technological advancements and the growing adoption of electric vehicles, with the United States contributing significantly to this growth and an expected CAGR of 6.5% during the same period. Europe also plays a crucial role, with countries like Germany, France, and the United Kingdom focusing on reducing carbon emissions and promoting renewable energy, leading to a projected market growth at a CAGR of 6.8% from 2024 to 2032. Opportunities within the bonded neodymium magnet market are abundant, particularly in the automotive sector due to the increasing adoption of electric vehicles (EVs). As governments worldwide implement stringent regulations to reduce carbon emissions and promote sustainable transportation, the demand for EVs is expected to surge, thereby creating significant opportunities for manufacturers of bonded neodymium magnets, essential components in the electric motors of these vehicles. Additionally, the electronics industry offers substantial growth prospects, with the proliferation of smartphones, laptops, wearable devices, and other electronic gadgets driving demand. The trend towards miniaturization and the need for energy efficient components further contribute to the increasing use of bonded neodymium magnets in electronic applications. However, the market faces challenges such as the volatility in the prices of rare earth elements, which are crucial raw materials for manufacturing neodymium magnets, and stringent environmental regulations related to their mining and processing, which can impact production costs and profitability for manufacturers.
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Galaxy Magnetic
Advanced Technology and Materials
Zhejiang Innuovo Magnetics
Magsuper
Daido Electronics
Beijing Zhong Ke San Huan Hi-Tech
Yunsheng Company
JL MAG
Pinghu Geor Chi Electronics
Newland Magnetics
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Bonded Neodymium Magnet Market
Epoxy-bonded Neodymium Magnets
Plastic-bonded Neodymium Magnets
Other bonding types
Automotive Industry
Electronics
Medical Devices
Consumer Goods
Aerospace
Renewable Energy Solutions
Bonded Neodymium Magnet Blocks
Bonded Neodymium Magnet Discs
Bonded Neodymium Magnet Rings
Custom-shaped Bonded Neodymium Magnets
Injection Molding
Compression Bonding
3D Printing Techniques
Others
Industrial Manufacturing
Telecommunications
Robotics
Home Appliances
Defense and Security Systems
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Bonded Neodymium Magnet Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Bonded Neodymium Magnet Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bonded Neodymium Magnet Market, By Type
6. Global Bonded Neodymium Magnet Market, By Application
7. Global Bonded Neodymium Magnet Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Bonded Neodymium Magnet Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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