According to our (Global Info Research) latest study, the global HRE-free NdFeB Magnets market size was valued at US$ 4373 million in 2025 and is forecast to a readjusted size of US$ 7465 million by 2032 with a CAGR of 7.9% during review period.
HRE-free NdFeB Magnets are neodymium-iron-boron permanent magnets designed without the addition of heavy rare earth elements, mainly dysprosium (Dy) and terbium (Tb), while still maintaining high magnetic performance through alloy design, grain boundary diffusion control, microstructure optimization, and advanced sintering or bonding processes. Compared with conventional high-temperature NdFeB magnets containing Dy or Tb, HRE-free NdFeB magnets reduce dependence on scarce and costly heavy rare earth resources, improve material cost stability, and are increasingly used in applications where high magnetic strength, lightweight design, and supply-chain sustainability are required.
In 2025, global HRE-free NdFeB Magnets production reached approximately 73 kilotons, with an average global market price of around US$ 58 per kg. The production capacity of HRE-free NdFeB Magnets is approximately 92 kilotons per year, the average gross profit margin was 28-31%.
The upstream supply chain includes rare earth oxides or metals such as neodymium and praseodymium, iron, boron, alloy additives, strip-casting materials, hydrogen decrepitation and powder metallurgy inputs, coating materials, and magnet processing equipment. Midstream manufacturers produce HRE-free NdFeB magnets through alloy melting, powder preparation, magnetic-field orientation, pressing, sintering or bonding, heat treatment, machining, coating, magnetization, and inspection. Downstream demand mainly comes from electric motors, automotive components, consumer electronics, industrial automation, wind power, robotics, medical devices, and energy-saving appliances, where the magnets are used to improve torque density, miniaturization, efficiency, and system reliability.
The cost structure of HRE-free NdFeB Magnets is mainly composed of rare earth raw materials, iron-boron alloy materials, alloying additives, powder preparation, sintering or bonding process costs, energy consumption, precision machining, surface coating, magnetization, labor, yield loss, testing, packaging, and logistics. Rare earth raw materials usually account for the largest share of total cost, while the absence of Dy and Tb can significantly reduce raw material cost and price volatility. However, advanced microstructure control, high-coercivity process design, tight dimensional tolerance, and anti-corrosion coating requirements may increase processing and quality-control costs.
This report is a detailed and comprehensive analysis for global HRE-free NdFeB Magnets market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global HRE-free NdFeB Magnets market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/kg), 2021-2032
Global HRE-free NdFeB Magnets market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/kg), 2021-2032
Global HRE-free NdFeB Magnets market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/kg), 2021-2032
Global HRE-free NdFeB Magnets market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), and ASP (US$/kg), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for HRE-free NdFeB Magnets
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global HRE-free NdFeB Magnets market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include TDK, Daido Electronics, e-VAC Magnetics, Ningbo Yunsheng, Yantai Zhenghai Magnetic Material, Ningbo Ketian Magnet, Newland Magnetics, SDM Magnetics, Bomatec AG, New Favor Industry Co., Ltd., etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
HRE-free NdFeB Magnets market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Sintered HRE-free NdFeB Magnets
Bonded HRE-free NdFeB Magnets
Market segment by Magnet Shape
Block Magnets
Ring Magnets
Other
Market segment by Maximum Operating Temperature
Low-Temperature Grade: <80°C
Medium-Temperature Grade: 80–120°C
High-Temperature Grade: >120°C
Market segment by Application
Electric Vehicles
Automotive Motors
Consumer Electronics
Industrial Motors
Wind Power
Other
Major players covered
TDK
Daido Electronics
e-VAC Magnetics
Ningbo Yunsheng
Yantai Zhenghai Magnetic Material
Ningbo Ketian Magnet
Newland Magnetics
SDM Magnetics
Bomatec AG
New Favor Industry Co., Ltd.
Tengye Magnetic
Aichi Steel
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe HRE-free NdFeB Magnets product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of HRE-free NdFeB Magnets, with price, sales quantity, revenue, and global market share of HRE-free NdFeB Magnets from 2021 to 2026.
Chapter 3, the HRE-free NdFeB Magnets competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the HRE-free NdFeB Magnets breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and HRE-free NdFeB Magnets market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of HRE-free NdFeB Magnets.
Chapter 14 and 15, to describe HRE-free NdFeB Magnets sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on HRE-free NdFeB Magnets. Industry analysis & Market Report on HRE-free NdFeB Magnets is a syndicated market report, published as Global HRE-free NdFeB Magnets Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of HRE-free NdFeB Magnets market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.