#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.

Read more.

[marketanalysisdata]

Permanent Magnets Market Analysis, Growth Forecast by Manufacturers, Regions and Application to 2030

In 2023, the global permanent magnets market reached a valuation of USD 22.18 billion and is projected to grow at an 8.7% compound annual growth rate (CAGR) from 2024 through 2030. This growth is largely driven by the increasing demand for renewable energy sources like wind and solar power. Permanent magnets play a critical role in enhancing the efficiency of wind turbine generators, a key application area in this sector. Specifically, rare earth magnets such as Neodymium Ferrite Boron (NdFeB) are commonly used in wind turbines due to their high reliability and reduced maintenance needs.

In the United States, the demand for permanent magnets is anticipated to grow at a faster rate than that for ferrite magnets, driven by applications in high-tech sectors like robotics, wearable technology, electric vehicles (EVs), and wind energy. Following the 2008-09 economic downturn, the U.S. automotive industry has seen steady recovery, with a growing emphasis on electric vehicles. Notably, the adoption of plug-in electric vehicles has increased, spurred by innovations from prominent manufacturers including Tesla, Chevy, Nissan, Ford, Audi, and BMW. For example, Tesla began incorporating motors with neodymium magnets in 2018.

Despite this growth, the U.S. faces a supply challenge due to a limited number of domestic manufacturers for permanent motor magnets, leading to substantial imports. In 2023, the U.S. imported around 4 million pounds of automotive parts from China, a majority of which were electric motors. The ongoing trade tensions with China have raised concerns about access to essential rare earth materials. In response, the U.S. government has launched several initiatives, including funding mining projects under the Defense Production Act, aiming to bolster the domestic supply of rare earth materials and reduce dependence on imports.

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

Material Segmentation Insights:

In 2023, ferrite materials dominated the permanent magnet market, capturing a revenue share of approximately 36.0%. Ferrite magnets are predominantly used in motor applications, accounting for over 65% of total ferrite magnet usage. Their application spans automotive motors (19%), appliance motors (14%), HVAC systems (12%), and various industrial and commercial motors (11%) as of 2022. Additional uses of ferrite magnets include loudspeakers, separation equipment, Magnetic Resonance Imaging (MRI), relays & switches, and lifting devices.

The Neodymium Iron Boron (NdFeB) segment is expected to be the fastest-growing segment by volume and revenue in the forecast period. Over the last five years, NdFeB magnets have expanded into various applications, including electric and hybrid vehicle motors, wind power generators, air conditioning compressors and fans, and energy storage systems. Another important material in this market is Alnico, an alloy made from aluminum, nickel, and cobalt. Prior to the discovery of NdFeB in the 1970s, Alnico-based magnets were the strongest available. According to Magnet Applications, Inc., the average energy density (BHmax) of Alnico magnets is 7 MGOe, which is higher than ferrite magnets but significantly lower than that of NdFeB magnets.

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

[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...

[marketstudyreport]

Permanent Magnets Market 2030 Overview, Global Industry Size, Price, Future Analysis

In 2023, the global permanent magnets market reached a valuation of USD 22.18 billion and is projected to grow at an 8.7% compound annual growth rate (CAGR) from 2024 through 2030. This growth is largely driven by the increasing demand for renewable energy sources like wind and solar power. Permanent magnets play a critical role in enhancing the efficiency of wind turbine generators, a key application area in this sector. Specifically, rare earth magnets such as Neodymium Ferrite Boron (NdFeB) are commonly used in wind turbines due to their high reliability and reduced maintenance needs.

In the United States, the demand for permanent magnets is anticipated to grow at a faster rate than that for ferrite magnets, driven by applications in high-tech sectors like robotics, wearable technology, electric vehicles (EVs), and wind energy. Following the 2008-09 economic downturn, the U.S. automotive industry has seen steady recovery, with a growing emphasis on electric vehicles. Notably, the adoption of plug-in electric vehicles has increased, spurred by innovations from prominent manufacturers including Tesla, Chevy, Nissan, Ford, Audi, and BMW. For example, Tesla began incorporating motors with neodymium magnets in 2018.

Despite this growth, the U.S. faces a supply challenge due to a limited number of domestic manufacturers for permanent motor magnets, leading to substantial imports. In 2023, the U.S. imported around 4 million pounds of automotive parts from China, a majority of which were electric motors. The ongoing trade tensions with China have raised concerns about access to essential rare earth materials. In response, the U.S. government has launched several initiatives, including funding mining projects under the Defense Production Act, aiming to bolster the domestic supply of rare earth materials and reduce dependence on imports.

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

Material Segmentation Insights:

In 2023, ferrite materials dominated the permanent magnet market, capturing a revenue share of approximately 36.0%. Ferrite magnets are predominantly used in motor applications, accounting for over 65% of total ferrite magnet usage. Their application spans automotive motors (19%), appliance motors (14%), HVAC systems (12%), and various industrial and commercial motors (11%) as of 2022. Additional uses of ferrite magnets include loudspeakers, separation equipment, Magnetic Resonance Imaging (MRI), relays & switches, and lifting devices.

The Neodymium Iron Boron (NdFeB) segment is expected to be the fastest-growing segment by volume and revenue in the forecast period. Over the last five years, NdFeB magnets have expanded into various applications, including electric and hybrid vehicle motors, wind power generators, air conditioning compressors and fans, and energy storage systems. Another important material in this market is Alnico, an alloy made from aluminum, nickel, and cobalt. Prior to the discovery of NdFeB in the 1970s, Alnico-based magnets were the strongest available. According to Magnet Applications, Inc., the average energy density (BHmax) of Alnico magnets is 7 MGOe, which is higher than ferrite magnets but significantly lower than that of NdFeB magnets.

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.