Report Detail

Chemical & Material Global HRE-free NdFeB Magnets Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

  • RnM4730994
  • |
  • 13 August, 2026
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  • Global
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  • 121 Pages
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  • GIR
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  • Chemical & Material

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.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global HRE-free NdFeB Magnets Consumption Value by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 Sintered HRE-free NdFeB Magnets
    • 1.3.3 Bonded HRE-free NdFeB Magnets
  • 1.4 Market Analysis by Magnet Shape
    • 1.4.1 Overview: Global HRE-free NdFeB Magnets Consumption Value by Magnet Shape: 2021 Versus 2025 Versus 2032
    • 1.4.2 Block Magnets
    • 1.4.3 Ring Magnets
    • 1.4.4 Other
  • 1.5 Market Analysis by Maximum Operating Temperature
    • 1.5.1 Overview: Global HRE-free NdFeB Magnets Consumption Value by Maximum Operating Temperature: 2021 Versus 2025 Versus 2032
    • 1.5.2 Low-Temperature Grade: <80°C
    • 1.5.3 Medium-Temperature Grade: 80–120°C
    • 1.5.4 High-Temperature Grade: >120°C
  • 1.6 Market Analysis by Application
    • 1.6.1 Overview: Global HRE-free NdFeB Magnets Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.6.2 Electric Vehicles
    • 1.6.3 Automotive Motors
    • 1.6.4 Consumer Electronics
    • 1.6.5 Industrial Motors
    • 1.6.6 Wind Power
    • 1.6.7 Other
  • 1.7 Global HRE-free NdFeB Magnets Market Size & Forecast
    • 1.7.1 Global HRE-free NdFeB Magnets Consumption Value (2021 & 2025 & 2032)
    • 1.7.2 Global HRE-free NdFeB Magnets Sales Quantity (2021-2032)
    • 1.7.3 Global HRE-free NdFeB Magnets Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 TDK
    • 2.1.1 TDK Details
    • 2.1.2 TDK Major Business
    • 2.1.3 TDK HRE-free NdFeB Magnets Product and Services
    • 2.1.4 TDK HRE-free NdFeB Magnets Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 TDK Recent Developments/Updates
  • 2.2 Daido Electronics
    • 2.2.1 Daido Electronics Details
    • 2.2.2 Daido Electronics Major Business
    • 2.2.3 Daido Electronics HRE-free NdFeB Magnets Product and Services
    • 2.2.4 Daido Electronics HRE-free NdFeB Magnets Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 Daido Electronics Recent Developments/Updates
  • 2.3 e-VAC Magnetics
    • 2.3.1 e-VAC Magnetics Details
    • 2.3.2 e-VAC Magnetics Major Business
    • 2.3.3 e-VAC Magnetics HRE-free NdFeB Magnets Product and Services
    • 2.3.4 e-VAC Magnetics HRE-free NdFeB Magnets Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 e-VAC Magnetics Recent Developments/Updates
  • 2.4 Ningbo Yunsheng
    • 2.4.1 Ningbo Yunsheng Details
    • 2.4.2 Ningbo Yunsheng Major Business
    • 2.4.3 Ningbo Yunsheng HRE-free NdFeB Magnets Product and Services
    • 2.4.4 Ningbo Yunsheng HRE-free NdFeB Magnets Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Ningbo Yunsheng Recent Developments/Updates
  • 2.5 Yantai Zhenghai Magnetic Material
    • 2.5.1 Yantai Zhenghai Magnetic Material Details
    • 2.5.2 Yantai Zhenghai Magnetic Material Major Business
    • 2.5.3 Yantai Zhenghai Magnetic Material HRE-free NdFeB Magnets Product and Services
    • 2.5.4 Yantai Zhenghai Magnetic Material HRE-free NdFeB Magnets Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 Yantai Zhenghai Magnetic Material Recent Developments/Updates
  • 2.6 Ningbo Ketian Magnet
    • 2.6.1 Ningbo Ketian Magnet Details
    • 2.6.2 Ningbo Ketian Magnet Major Business
    • 2.6.3 Ningbo Ketian Magnet HRE-free NdFeB Magnets Product and Services
    • 2.6.4 Ningbo Ketian Magnet HRE-free NdFeB Magnets Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 Ningbo Ketian Magnet Recent Developments/Updates
  • 2.7 Newland Magnetics
    • 2.7.1 Newland Magnetics Details
    • 2.7.2 Newland Magnetics Major Business
    • 2.7.3 Newland Magnetics HRE-free NdFeB Magnets Product and Services
    • 2.7.4 Newland Magnetics HRE-free NdFeB Magnets Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 Newland Magnetics Recent Developments/Updates
  • 2.8 SDM Magnetics
    • 2.8.1 SDM Magnetics Details
    • 2.8.2 SDM Magnetics Major Business
    • 2.8.3 SDM Magnetics HRE-free NdFeB Magnets Product and Services
    • 2.8.4 SDM Magnetics HRE-free NdFeB Magnets Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 SDM Magnetics Recent Developments/Updates
  • 2.9 Bomatec AG
    • 2.9.1 Bomatec AG Details
    • 2.9.2 Bomatec AG Major Business
    • 2.9.3 Bomatec AG HRE-free NdFeB Magnets Product and Services
    • 2.9.4 Bomatec AG HRE-free NdFeB Magnets Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 Bomatec AG Recent Developments/Updates
  • 2.10 New Favor Industry Co., Ltd.
    • 2.10.1 New Favor Industry Co., Ltd. Details
    • 2.10.2 New Favor Industry Co., Ltd. Major Business
    • 2.10.3 New Favor Industry Co., Ltd. HRE-free NdFeB Magnets Product and Services
    • 2.10.4 New Favor Industry Co., Ltd. HRE-free NdFeB Magnets Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 New Favor Industry Co., Ltd. Recent Developments/Updates
  • 2.11 Tengye Magnetic
    • 2.11.1 Tengye Magnetic Details
    • 2.11.2 Tengye Magnetic Major Business
    • 2.11.3 Tengye Magnetic HRE-free NdFeB Magnets Product and Services
    • 2.11.4 Tengye Magnetic HRE-free NdFeB Magnets Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 Tengye Magnetic Recent Developments/Updates
  • 2.12 Aichi Steel
    • 2.12.1 Aichi Steel Details
    • 2.12.2 Aichi Steel Major Business
    • 2.12.3 Aichi Steel HRE-free NdFeB Magnets Product and Services
    • 2.12.4 Aichi Steel HRE-free NdFeB Magnets Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 Aichi Steel Recent Developments/Updates

3 Competitive Environment: HRE-free NdFeB Magnets by Manufacturer

  • 3.1 Global HRE-free NdFeB Magnets Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global HRE-free NdFeB Magnets Revenue by Manufacturer (2021-2026)
  • 3.3 Global HRE-free NdFeB Magnets Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of HRE-free NdFeB Magnets by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 HRE-free NdFeB Magnets Manufacturer Market Share in 2025
    • 3.4.3 Top 6 HRE-free NdFeB Magnets Manufacturer Market Share in 2025
  • 3.5 HRE-free NdFeB Magnets Market: Overall Company Footprint Analysis
    • 3.5.1 HRE-free NdFeB Magnets Market: Region Footprint
    • 3.5.2 HRE-free NdFeB Magnets Market: Company Product Type Footprint
    • 3.5.3 HRE-free NdFeB Magnets Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global HRE-free NdFeB Magnets Market Size by Region
    • 4.1.1 Global HRE-free NdFeB Magnets Sales Quantity by Region (2021-2032)
    • 4.1.2 Global HRE-free NdFeB Magnets Consumption Value by Region (2021-2032)
    • 4.1.3 Global HRE-free NdFeB Magnets Average Price by Region (2021-2032)
  • 4.2 North America HRE-free NdFeB Magnets Consumption Value (2021-2032)
  • 4.3 Europe HRE-free NdFeB Magnets Consumption Value (2021-2032)
  • 4.4 Asia-Pacific HRE-free NdFeB Magnets Consumption Value (2021-2032)
  • 4.5 South America HRE-free NdFeB Magnets Consumption Value (2021-2032)
  • 4.6 Middle East & Africa HRE-free NdFeB Magnets Consumption Value (2021-2032)

5 Market Segment by Type

  • 5.1 Global HRE-free NdFeB Magnets Sales Quantity by Type (2021-2032)
  • 5.2 Global HRE-free NdFeB Magnets Consumption Value by Type (2021-2032)
  • 5.3 Global HRE-free NdFeB Magnets Average Price by Type (2021-2032)

6 Market Segment by Application

  • 6.1 Global HRE-free NdFeB Magnets Sales Quantity by Application (2021-2032)
  • 6.2 Global HRE-free NdFeB Magnets Consumption Value by Application (2021-2032)
  • 6.3 Global HRE-free NdFeB Magnets Average Price by Application (2021-2032)

7 North America

  • 7.1 North America HRE-free NdFeB Magnets Sales Quantity by Type (2021-2032)
  • 7.2 North America HRE-free NdFeB Magnets Sales Quantity by Application (2021-2032)
  • 7.3 North America HRE-free NdFeB Magnets Market Size by Country
    • 7.3.1 North America HRE-free NdFeB Magnets Sales Quantity by Country (2021-2032)
    • 7.3.2 North America HRE-free NdFeB Magnets Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe HRE-free NdFeB Magnets Sales Quantity by Type (2021-2032)
  • 8.2 Europe HRE-free NdFeB Magnets Sales Quantity by Application (2021-2032)
  • 8.3 Europe HRE-free NdFeB Magnets Market Size by Country
    • 8.3.1 Europe HRE-free NdFeB Magnets Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe HRE-free NdFeB Magnets Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific HRE-free NdFeB Magnets Sales Quantity by Type (2021-2032)
  • 9.2 Asia-Pacific HRE-free NdFeB Magnets Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific HRE-free NdFeB Magnets Market Size by Region
    • 9.3.1 Asia-Pacific HRE-free NdFeB Magnets Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific HRE-free NdFeB Magnets Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America HRE-free NdFeB Magnets Sales Quantity by Type (2021-2032)
  • 10.2 South America HRE-free NdFeB Magnets Sales Quantity by Application (2021-2032)
  • 10.3 South America HRE-free NdFeB Magnets Market Size by Country
    • 10.3.1 South America HRE-free NdFeB Magnets Sales Quantity by Country (2021-2032)
    • 10.3.2 South America HRE-free NdFeB Magnets Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa HRE-free NdFeB Magnets Sales Quantity by Type (2021-2032)
  • 11.2 Middle East & Africa HRE-free NdFeB Magnets Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa HRE-free NdFeB Magnets Market Size by Country
    • 11.3.1 Middle East & Africa HRE-free NdFeB Magnets Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa HRE-free NdFeB Magnets Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 HRE-free NdFeB Magnets Market Drivers
  • 12.2 HRE-free NdFeB Magnets Market Restraints
  • 12.3 HRE-free NdFeB Magnets Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of HRE-free NdFeB Magnets and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of HRE-free NdFeB Magnets
  • 13.3 HRE-free NdFeB Magnets Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 HRE-free NdFeB Magnets Typical Distributors
  • 14.3 HRE-free NdFeB Magnets Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    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.

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