Japan Bonded NdFeB Market was valued at USD 0.22 Billion in 2022 and is projected to reach USD 0.38 Billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030.
The Japan Bonded NdFeB (Neodymium Iron Boron) market is experiencing significant growth due to its rising demand in various industries. Bonded NdFeB magnets are widely used for their superior magnetic properties, especially in applications that require high-performance, compact magnets. These magnets are produced using a bonding process that combines NdFeB powder with a polymer or resin, resulting in magnets with remarkable resistance to corrosion and higher magnetization efficiency.
Industries such as automotive, consumer electronics, renewable energy, and medical devices are the key drivers of this market. In the automotive industry, bonded NdFeB magnets are essential in electric motors, hybrid vehicles, and power-assisted steering systems. With Japan’s push towards sustainable transportation and electric vehicles, the demand for high-performance magnets is expected to grow exponentially.
Consumer electronics, too, have become one of the largest consumers of these magnets, especially in applications like speakers, hard disk drives, and headphones. The demand for smaller, more efficient devices has created a need for compact magnets that do not compromise on performance. This is where Japan's expertise in producing high-quality bonded NdFeB magnets comes into play, making them an attractive option for tech manufacturers.
Moreover, the growing emphasis on renewable energy sources, such as wind turbines, is another contributing factor to the rise in demand. NdFeB magnets are used in the production of high-efficiency motors in wind power generation. As more wind energy projects are initiated in Japan, the need for these magnets will continue to increase.
Industries have also specific requirements for these magnets, including durability, high coercivity, and precise dimensional tolerances. The ability to customize magnets to meet the specific needs of different applications makes Japan a key player in the global market.
The Japan Bonded NdFeB market is showing promise with a strong demand across industries. From automotive to renewable energy, these magnets continue to play a crucial role in technological advancements, contributing to the growth of various sectors in Japan’s economy.
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Hitachi Metals
Shin-Etsu
TDK
VAC
Zhong Ke San Huan
Yunsheng Company
Yantai Shougang Magnetic Materials
JL MAG
ZHmag
Advanced Technology and Materials
Innuovo Magnetics
Galaxy Magnetic
Zhongyuan Magnetic
Earth- Panda
Magsuper
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Japan Bonded NdFeB Market
Automotive
Consumer Electronics
Industrial Motors
Medical Devices
Renewable Energy (Wind and Solar)
Stranded Magnets
Sintered Magnets
Bonded Magnets
Disc Magnets
Ring Magnets
N35
N38
N40
N42
N52
Traditional NdFeB
Heavy Rare Earth NdFeB
Light Rare Earth NdFeB
Leached NdFeB
Manufacturing
Aerospace
Telecommunication
Energy Sector
Electronics and Semiconductors
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Bonded NdFeB 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. Japan Bonded NdFeB Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Bonded NdFeB Market, By Type
6. Japan Bonded NdFeB Market, By Application
7. Japan Bonded NdFeB Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Bonded NdFeB Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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