Japan Neodymium Iron Boron Market was valued at USD 0.20 Billion in 2022 and is projected to reach USD 0.42 Billion by 2030, growing at a CAGR of 9.4% from 2024 to 2030.
The Japan Neodymium Iron Boron (NdFeB) market is witnessing significant growth due to its diverse applications across various sectors. Neodymium Iron Boron magnets are renowned for their exceptional magnetic strength, making them crucial components in several high-tech and industrial applications. One of the primary segments driving the demand for NdFeB magnets in Japan is the electronics industry. These magnets are integral to the production of hard disk drives, electric motors, and other electronic devices, where their strong magnetic properties contribute to enhanced performance and efficiency. The proliferation of consumer electronics and advancements in technology are expected to continue fueling the demand for NdFeB magnets in this sector.
Another prominent application of Neodymium Iron Boron magnets in Japan is within the automotive industry. NdFeB magnets are used in various automotive components such as electric vehicle motors, power steering systems, and anti-lock braking systems. The push towards electric vehicles and the growing emphasis on energy-efficient technologies are driving the demand for high-performance magnets. Automotive manufacturers are increasingly adopting NdFeB magnets due to their ability to deliver superior magnetic performance in compact sizes, which is essential for modern automotive designs. The rise of electric and hybrid vehicles in Japan further supports the growth of this market segment.
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Hitachi Metals
Shin-Etsu
TDK
VAC
Zhong Ke San Huan
Yunsheng Company
YSM
JL MAG
ZHmag
BJM
AT&M
NBJJ
Innuovo Magnetics
SGM
Galaxy Magnetic
Zhongyuan Magnetic
Earth- Panda
Magsuper
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 Neodymium Iron Boron Market
Computer
Electronic Industry
Office Automation Equipment
Auto Industry
Others
Based on Types the Market is categorized into Below types that held the largest Neodymium Iron Boron market share In 2023.
Sintered Nd-Fe-B Magnet
Bonded Nd-Fe-B Magnets
Hot Pressed NdFeB Magnets
Japan (United States, Japan 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 Japan Neodymium Iron Boron 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 Neodymium Iron Boron Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Neodymium Iron Boron Market, By Type
6. Japan Neodymium Iron Boron Market, By Application
7. Japan Neodymium Iron Boron Market, By Geography
Japan
Europe
Asia Pacific
Rest of the World
8. Japan Neodymium Iron Boron Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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