Bonded NdFeB Market size is estimated to be USD 3.5 Billion in 2024 and is expected to reach USD 5.8 Billion by 2033 at a CAGR of 6.5% from 2026 to 2033.
The global Bonded Neodymium Iron Boron (NdFeB) market was valued at approximately USD 1.55 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030. This growth is primarily driven by increasing demand for lightweight and high performance magnetic materials in automotive, electronics, and industrial applications. Bonded NdFeB magnets offer advantages such as complex shaping, higher corrosion resistance, and easier machinability, which are making them increasingly popular in small electric motors, sensors, and actuators. North America accounted for a significant market share in 2022, reaching around USD 320 million, driven by rising electric vehicle adoption and expanding robotics and automation sectors. Asia Pacific dominated the market with a valuation of over USD 780 million, largely attributed to high consumption in China, Japan, and South Korea for consumer electronics and automotive components.
Europe held a considerable share of the bonded NdFeB market, with an estimated size of USD 270 million in 2022, fueled by environmental regulations promoting electric mobility and wind energy projects. Germany and France led regional demand due to technological advancement and R&D in efficient magnetic materials. Latin America and the Middle East & Africa represented smaller yet emerging markets, collectively contributing over USD 180 million in 2022. Opportunities in the market lie in the development of hybrid and electric vehicle components, miniaturization of electronic devices, and innovations in additive manufacturing processes using bonded magnets. In addition, growing renewable energy installations and advancements in medical imaging technologies offer potential for expanded adoption of bonded NdFeB materials in the near future across all regions.
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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
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 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
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 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. Global Bonded NdFeB Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bonded NdFeB Market, By Type
6. Global Bonded NdFeB Market, By Application
7. Global Bonded NdFeB Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Bonded NdFeB Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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