Neodymium-Iron-Boron (NdFeB) magnets are the strongest and most affordable types of rare earth magnets. These magnets exhibit numerous characteristics due to which they have become quite popular in recent years. Although, NdFeB magnets have a lower curie temperature and are susceptible to oxidation, they offer the highest magnetic field strength and magnetic stability. As a result, they are used in electric motors, power tools, and other products requiring strong, compact permanent magnets. According to IMARC group, the Neodymium-Iron-Boron magnet market is presently worth over US$ 11.3 Billion with the total demand of NdFeB magnets growing at a CAGR of 8.5% during 2010-2017. The rapidly expanding industrial applications, limited substitutes for Neodymium magnets and the government initiatives to stimulate the use of green technologies so as to decrease the greenhouse gas emissions are some of the factors which are expected to drive a steady growth of the global Neodymium-Iron-Boron magnet market.

IMARC group’s latest study “Neodymium-Iron-Boron Magnet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” provides a techno-commercial roadmap for setting up a Neodymium-Iron-Boron magnet manufacturing plant. The study, which has been done by one of the world’s leading research and advisory firms, covers all the requisite aspects of the Neodymium-Iron-Boron magnet market. This ranges from macro overview of the market to micro details of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have or plan to have any kind of stake in the Neodymium-Iron-Boron magnet market.

The report has segmented the market on the basis of application. Currently, Motor and Generators represent the largest sector followed by HDD/CD/DVD, Transportation, Energy Production and Storage, Transducers and Drives, Clutches and Braking. Country-wise, China is the leading producer as well as the consumer due to its monopolistic hold over the raw materials used to produce them. Japan represents the second largest market for NdFeB magnets followed by Europe and the USA. As China provides a secure and economical supply of the major raw materials, most of the rare earth magnets manufacturers are based in China. Other manufacturers are located in the USA, Europe and Japan.

Key questions answered in this report:

How has the neodymium iron boron (NdFeB) magnet market performed so far and how will it perform in the coming years?
What are the key regional markets in the global neodymium iron boron (NdFeB) magnet industry?
Which are the key end-use industries for neodymium iron boron (NdFeB) magnet?
What are the various stages in the value chain of the neodymium iron boron (NdFeB) magnet industry?
What are the key driving factors and challenges in the neodymium iron boron (NdFeB) magnet industry?
What is the structure of the neodymium iron boron (NdFeB) magnet industry and who are the key players?
What is the degree of competition in the neodymium iron boron (NdFeB) magnet industry?
What are the profit margins in the neodymium iron boron (NdFeB) magnet industry?
What are the key requirements for setting up a neodymium iron boron (NdFeB) magnet manufacturing plant?
How is a neodymium iron boron (NdFeB) magnet manufactured?
What are the various unit operations involved in a neodymium iron boron (NdFeB) magnet plant?
What is the total size of land required for setting up a neodymium iron boron (NdFeB) magnet plant?
What are the machinery requirements for setting up a neodymium iron boron (NdFeB) magnet plant?
What are the raw material requirements for setting up a neodymium iron boron (NdFeB) magnet plant?
What are the packaging requirements for a neodymium iron boron (NdFeB) magnet?
What are the transportation requirements for a neodymium iron boron (NdFeB) magnet?
What are the utility requirements for setting up a neodymium iron boron (NdFeB) magnet plant?
What are the manpower requirements for setting up a neodymium iron boron (NdFeB) magnet plant?
What are the infrastructure costs for setting up a neodymium iron boron (NdFeB) magnet plant?
What are the capital costs for setting up a neodymium iron boron (NdFeB) magnet plant?
What are the operating costs for setting up a neodymium iron boron (NdFeB) magnet plant?
What will be the income and expenditures for a neodymium iron boron (NdFeB) magnet plant?
What is the time required to break-even?