According to our (Global Info Research) latest study, the global NdFeB Magnets market size was valued at US$ 15620 million in 2025 and is forecast to a readjusted size of US$ 19710 million by 2032 with a CAGR of 3.4% during review period.
In 2024, global NdFeB Magnet production reached approximately 299501 tonne, with an average global market price of around US$ 46961 per tonne. NdFeB magnet (also known as Neodymium magnets) is a permanent rare earth magnet formed from an alloy of Neodymium, Iron, and Boron (hence Nd-Fe-B). NdFeB magnets are the strongest, most commonly used rare earth magnets in the world. They provide unparalleled levels of magnetism and resistance to demagnetization when compared to ceramic, alnico, and even samarium-cobalt magnets.
Upgrade of demand structure
New energy vehicles: The usage of neodymium iron boron per vehicle is 5-10 kilograms, and the sales of new energy vehicles in China will reach 9.5 million units in 2024, directly driving demand.
Wind power: Direct drive permanent magnet fans account for 70%, with a single magnet consumption of 2-3 tons.
Humanoid robots: with a single unit consumption of 2-4 kilograms, the global shipment volume is expected to reach 5 million units by 2030.
Technological iteration and innovation
The third-generation neodymium iron boron (NdFeB) has a magnetic energy product of over 50MGOe. Domestic enterprises have improved the coercivity to over 35kOe through rapid solidification and grain boundary diffusion processes, and reduced the amount of medium and heavy rare earths by 30%. For example, the cerium magnet developed by Baotou Rare Earth Research Institute has reduced the cost by 20% and has been applied in fields such as air conditioning compressors.
Competitive landscape and policy impact
China leads the global supply chain, accounting for over 70% of production in 2024, forming industrial clusters such as Ningbo and Baotou. In terms of policy, the control of rare earth mining indicators and export restrictions have optimized the supply and demand pattern, but the export of permanent magnet products has not been restricted, which is beneficial for local enterprises.
Risks and Challenges
International countermeasures: The United States, Europe, and Japan may weaken China's advantage through technological substitution or trade negotiations.
Environmental pressure: It is necessary to address the pollution caused by rare earth mining and promote reduction measures such as low dysprosium technology.
This report is a detailed and comprehensive analysis for global 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 NdFeB Magnets market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (K US$/Ton), 2021-2032
Global NdFeB Magnets market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (K US$/Ton), 2021-2032
Global NdFeB Magnets market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (K US$/Ton), 2021-2032
Global NdFeB Magnets market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (K US$/Ton), 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 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 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 Proterial(Hitachi Metals), Zhong Ke San Huan, Jl Mag Rare-Earth, Zhenghai Magnetic, Ningbo Yunsheng, Shin-Etsu, Yantai Dongxing, TDK, Tianhe Magnets, AT&M, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
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
Bonded NdFeB
Sintered NdFeB
Market segment by Application
Electric Motors
Auto Industry
Offshore Wind Turbines
Consumer Electronics
Others
Major players covered
Proterial(Hitachi Metals)
Zhong Ke San Huan
Jl Mag Rare-Earth
Zhenghai Magnetic
Ningbo Yunsheng
Shin-Etsu
Yantai Dongxing
TDK
Tianhe Magnets
AT&M
Innuovo Technology
Jintian Copper
Vacuumschmelze
Earth-Panda
Jingci Magnet
Galaxy Magnets
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 NdFeB Magnets product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of NdFeB Magnets, with price, sales quantity, revenue, and global market share of NdFeB Magnets from 2021 to 2026.
Chapter 3, the NdFeB Magnets competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the 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 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 NdFeB Magnets.
Chapter 14 and 15, to describe NdFeB Magnets sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on NdFeB Magnets. Industry analysis & Market Report on NdFeB Magnets is a syndicated market report, published as Global NdFeB Magnets Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of NdFeB Magnets market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.