#NdFeB permanent magnet

[mpcomagnetics]

MP Materials begins construction of magnetics plant

MP Materials begins construction of magnetics plant, cements supply agreement with GM MP Materials has begun construction on its previously announced rare earth metals, alloys and magnet manufacturing facility in Fort Worth, Texas, marking a significant return to magnet manufacturing in North America. The company said that it will invest US$700 million in the next two years to fully restore the…

[hsmagnet]

Mitre Magnet - A Revolutionary Advancement In Precision Magnet

Mitre Magnet – A Revolutionary Advancement In Precision Magnet In a significant leap for the magnetics industry, the introduction of the Mitre Magnet is setting new standards for precision and efficiency. This innovative product is designed to cater to the ever-evolving needs of various industrial applications, from manufacturing to scientific research. The Mitre Magnet’s unique configuration and…

[wallymagnet]

Micro magnet in ring shape

info@wallymagnet.com WhatsApp: 0086 15257962734 www.wallymagnet.com

[maryharrisk5]

The research report on ‘global permanent magnets market’, studies the current status and forecast of the market at local as well as global level, and classifies the global permanent magnets market based on market value and volume.

[evonnebaker]

The global permanent magnet market is rising with rapid growth over the forecast period reaching nearly USD 36.44 billion by 2025

[materialsscienceandengineering]

Researchers realize selective recovery of high-value rare earth elements from waste NdFeB

Recycling high-value rare earth elements from NdFeB waste can save resources, reduce industrial waste, protect the environment and bring considerable economic benefits. However, most traditional recovery methods take a long time to process, have high acid consumption, and low selectivity.

In a study published in Separation and Purification Technology, the research group led by Prof. Yang Fan from Fujian Institute of Research on the Structure of Matter of the Chinese Academy of Sciences proposed a new integrated method for recycling permanent magnet waste by betaine hydrochloride ([Hbet]Cl) solution extraction.

The researchers first carried out leaching experiments on fully roasted magnetic clay samples, and selected [Hbet]Cl as the leaching agent.

They found that when leaching temperature was 200° Celsius, leaching time was eight hours, lixiviant [Hbet]Cl concentration was 0.2 mol/L, and solid–liquid ratio was 1:150 g/ml. They were able to get optimum leaching results of 99.81% Pr, 97.05% Nd, 95.51% Gd, 56.24% Ce and 0.20% Fe, and almost all iron oxide remained in the residue.

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[123567-9qaaq9]

Informative Report on Permanent Magnet Market | Bis Research

A permanent magnet is a material that produces a persistent magnetic field without the need for an external power source. It is magnetized through a process called "magnetization" and retains its magnetic properties over time.

Permanent magnets are typically made from materials such as iron, cobalt, nickel, and alloys like neodymium or samarium-cobalt. These magnets have a north and south pole, and the magnetic field lines emerge from the north pole and curve around to the south pole. The strength of the magnetic field can vary depending on the material and the magnet's size.

The Global Permanent Magnet Market was valued at $329.83 billion in 2023 and is projected to grow at a CAGR of 8.52%, reaching $820.14 billion by 2034

Permanent Magnet Overview

Permanent magnets are materials that generate a constant magnetic field without the need for an external power source. Unlike electromagnets, which require an electric current to produce a magnetic field, permanent magnets maintain their magnetism over time due to the alignment of their atomic magnetic domains. These domains are regions where the magnetic moments of atoms are aligned in the same direction, giving the material its magnetic properties.

Permanent magnets are typically composed of ferromagnetic materials, such as iron, cobalt, nickel, and certain alloys like neodymium (NdFeB) and samarium-cobalt (SmCo), which are known for their strong magnetic properties. The strength of a permanent magnet is influenced by its composition, the size and shape of the magnet, and the method used to magnetize it.

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Market Segmentation 

1 By Application 

• Consumer Electronics

• Automotive

• Medical

• Environment and Energy

• Aerospace and Defense

• Others

2 By Type 

• Neodymium Iron Boron Magnets

• Ferrite Magnets

• Samarium Cobalt Magnets

• Alnico Magnets

• Others

3 By Region 

• North America

• Europe

• Asia-Pacific

• Rest-of-the-World

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Future Prospects

The following are the key factors for influencing the future of the permanent magnet includes 

Renewable Energy and Electric Vehicles 

Technological advancements in Magnets 

Growth in consumer electronics 

Advancements in medical devices 

Conclusion 

Permanent magnets play a crucial role in modern technology and everyday applications due to their ability to maintain consistent magnetic properties over time without an external power source. These magnets, typically made from materials such as ferrites, neodymium-iron-boron (NdFeB), and samarium-cobalt, exhibit strong magnetic fields that enable efficient and reliable performance in devices like electric motors, generators, sensors, and medical equipment.

Advancements in material science continue to enhance the strength, durability, and temperature resistance of permanent magnets, expanding their utility in renewable energy systems, robotics, and high-tech industries. Their contribution to reducing energy consumption and enabling compact, efficient designs. 

[mpcomagnetics]

Why Does High-temperature Liquefied Iron Nucleus Produce a Huge Magnetic Field?

Bar Magnet Heating Will Lose Magnetism, Why Does High-temperature Liquefied Iron Nucleus Produce a Huge Magnetic Field? The atoms in the magnet are arranged neatly in accordance with certain rules, which is why magnets have magnetic reasons. When heating the magnet, the arrangement of the atom is disrupted and the magnetic is reduced. When heating to 770 ° C, the magnet loses magneticity. Why…

[hsmagnet]

How Does Air Gap Affect Magnet Selection?

How Does Air Gap Affect Magnet Selection? When selecting a magnet for a specific application, understanding the concept of air gap is crucial. An air gap refers to any non-magnetic material that separates a magnet from the ferromagnetic object it is intended to attract. This separation can significantly impact the performance of the magnet, primarily by affecting its holding force. 1. Definition…

[aishavass]

AdroitMarketResearch.com has published the “Global Permanent Magnets Market 2018-2025” research report to its store. Need for energy efficient and...

[industrynewsupdates]

Permanent Magnets Market Size, Share And Trends Analysis Report 2024 - 2030

The global permanent magnets market was valued at USD 22.18 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2030. One of the key factors driving this growth is the increasing focus on renewable energy sources, such as wind and solar energy. Permanent magnets play a crucial role in enhancing the efficiency of wind turbine generators, which is contributing to the market's positive trajectory. Specifically, rare earth magnets, such as Neodymium Ferrite Boron (NdFeB), are being extensively used in wind turbines due to their ability to increase the reliability of turbines while also reducing maintenance costs. This, in turn, is expected to fuel the demand for permanent magnets in the renewable energy sector throughout the forecast period.

In the U.S., the permanent magnet market is expected to grow at a faster rate compared to its ferrite magnet counterpart, driven by their widespread use in high-tech applications. These include sectors such as robotics, wearable devices, electric vehicles (EVs), and wind power. The automotive industry in the U.S. has experienced steady growth since the economic downturn of 2008-09. A key trend contributing to this growth is the rising adoption of plug-in electric cars, which is largely driven by the advanced technology and high-performance electric vehicles offered by leading manufacturers like Tesla, Chevy, Nissan, Ford, Audi, and BMW. Tesla, for example, was one of the first electric carmakers to integrate neodymium magnets into its electric motors, starting in early 2018. This shift toward using high-performance magnets in electric vehicle motors is expected to significantly drive the demand for permanent magnets in the U.S. market.

Overall, the growing applications in energy and transportation sectors, combined with the advancements in technology, are expected to accelerate the adoption of permanent magnets, boosting market growth globally, particularly in the U.S.

Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market

Regional Insights

Asia Pacific

In 2023, the Asia Pacific region dominated the global permanent magnets market, accounting for nearly 75.0% of the total revenue. This region is considered the manufacturing hub of the world, with countries like China, Japan, and South Korea playing a pivotal role in the production of a wide range of products, including automotive and electronic devices. These countries have become significant centers for the production of computer hardware devices, such as hard disks, computer chips, and microprocessors, all of which heavily rely on permanent magnets for their functionality. As a result, the demand for permanent magnets continues to grow, driven by the electronics and hardware manufacturing industries in the region.

Europe 

Europe is projected to become the second-largest regional market by 2030, although it faced challenges in recent years. The region saw a significant decline in industrial production in 2020, mainly due to the economic slowdown and political uncertainties, including Brexit. Additionally, the economic downturn was exacerbated by the COVID-19 pandemic, which led to widespread lockdowns and disrupted supply chains. However, as the economy recovers, Europe is expected to regain its growth momentum, bolstered by innovations and a focus on green energy and sustainability.

North America

North America accounted for a notable market share in 2023, although the COVID-19 pandemic had a severe impact on the region's supply chains. According to the International Monetary Fund, North America's GDP contracted by around 7% in 2020, reflecting a significant downturn in the output of key industries, including automotive & transportation, electrical & electronics, and aerospace & defense. However, with the resumption of economic activities post-pandemic, the demand for permanent magnets, particularly in electric vehicles and renewable energy sectors, is expected to rise.

Middle East & Africa

The Middle East & Africa region saw a decline in its market revenue in 2023, mainly due to the economic pressures exacerbated by the pandemic. In 2020, the region’s GDP contracted by approximately 4.2%, with Gulf countries particularly affected by rising deflationary pressures. Despite this, the demand for permanent magnets in the region is expected to gradually recover as economic conditions stabilize and industrial activities resume.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The global chemical mechanical planarization market size was estimated at USD 6.01 billion in 2023 and is anticipated to grow at a CAGR of 7.2% from 2024 to 2030.

• The global aluminum wire market size was estimated at USD 31.95 billion in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2030.

Key Companies & Market Share Insights

The permanent magnets market is highly competitive, with several prominent companies operating globally. Some of the key players include:

1. Hitachi Metals Ltd.: This company operates across three main business segments—automotive-related products, electronics-related products, and infrastructure-related products. Hitachi Metals offers a broad portfolio of products, including cutting tools, molding materials, exhaust components, magnets, LCD displays, semiconductors, medical equipment, and more. Its diverse range of products contributes to its strong position in the market.

2. Shin-Etsu Chemical Co., Ltd.: A major player in the industry, Shin-Etsu operates through several business segments, including PVC, silicones, specialty chemicals, semiconductor silicon, and electronics & functional materials. The company’s diverse product range, particularly in the materials used for semiconductor manufacturing, positions it well within the permanent magnets sector.

3. Ningbo Yunsheng Co., Ltd.: This company specializes in developing and manufacturing sintered and bonded NdFeB, AlNiCo, and SmCo magnets, as well as magnetic assemblies and electric motor products. It also focuses on research and management in sectors such as automobile motors, smart technology, and neodymium magnets.

Emerging Market Participants:

1. Earth-Panda Advance Magnetic Material Co., Ltd.: This company manufactures a wide range of permanent and flexible magnets, including ceramic and ferrite magnets. Its product portfolio includes items like extruded magnet strips, rubber magnet sheets/rolls, magnetic products, and magnetic toys. The company caters to various sectors, including electric motor seals, refrigerator seals, and office automation magnets.

2. Ninggang Permanent Magnetic Materials Co., Ltd.: Established in 2003 and based in Ningbo, China, this company produces sintered SmCo materials, rubber magnets, plastic injection magnets, bonded NdFeB magnets, and ferrite magnets. It is known for its advanced production technologies and strict quality control systems, which help ensure the delivery of high-quality permanent magnets in various shapes to meet industry demands.

Key Permanent Magnets Companies:

• Adams Magnetic Products Co.

• Earth-Panda Advance Magnetic Material Co., Ltd.

• Arnold Magnetic Technologies

• Daido Steel Co., Ltd.

• Eclipse Magnetics Ltd.

• Electron Energy Corp.

• Goudsmit Magnetics Group

• Hangzhou Permanent Magnet Group

• Magnequench International, LLC

• Ningbo Yunsheng Co., Ltd.

• Ninggang Permanent Magnetic Materials Co., Ltd.

• Shin-Etsu Chemical Co., Ltd.

• TDK Corporation

• Thomas & Skinner, Inc.

• Vacuumschmelze GMBH & Co. Kg

• Ugimag Korea Co., Ltd.

• SsangYong Materials Corp.

• Pacific Metals Co., Ltd.

Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.

[yongbangmagnet]

Tile Shaped NdFeB Magnet

Tile tile-shaped NdFeB magnet is a kind of magnetic material with strong magnetic force, which is shaped like a tile. NdFeB magnets are the powerful permanent magnets among modern magnetic materials with high magnetic energy product, high coercivity high remanence, etc. They are widely used in motors and generators, automotive industry, electronic products, aerospace, etc. Tile-shaped NdFeB magnets have a long life and are not easy to demagnetize and demagnetize, so they can be used in some applications that require a long-term stable operation.