Global NdFeB market is segmented into Types, Application and Geographic
regions. Rare earth permanent magnet NdFeB (Neodymium-Iron-Boron) is a new kind
of magnetic material which is having excellent magnetic characteristics (high
energy product and high coercive force etc.) and relatively low cost. It is
getting to replace the traditional magnets of hard ferrite, AlNiCo, and SmCo in
many fields such as electro-acoustic devices, electric motors,
sensors/transducers, instruments and meters, auto industry, petro-chemical
industry and magnetic health-care products, etc.
NdFeB magnets are very powerful. They have a higher Maximum Energy
Product, (BH) max, than SmCo magnets. (BH) max of NdFeB can easily reach 30
MGOe and even goes up to 52 MGOe. NdFeB magnets can substitute SmCo magnets in
most cases, predominantly where operating temperature is less than 80°C. The
temperature stability of NdFeB is not as good as SmCo magnets. Magnetic
performance of NdFeB magnets will deteriorate rapidly above 200°C. Compared to
SmCo magnets, the corrosion and oxidation resistance of NdFeB is relatively
low.
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Permanent Magnets Research Report at : https://www.millioninsights.com/industry-reports/ndfeb-permanent-magnets-neodymium-iron-boron-market
NdFeB Permanent Magnets
(Neodymium-iron-boron) Market is segmented By Application into Consumer
electronics, Industrial Motor, Energy-saving appliances, and Vehicle.
Geographically, the global market spans North America, China, Europe, Southeast
Asia, Japan, and India.
Consequently, a surface coating
is frequently applied on NdFeB magnets. Zinc or nickel coating is common used
as a protective layer. The other materials such as gold, brass, tin or polymer
(epoxy) are also used for this purpose.NdFeB Permanent Magnets
(Neodymium-iron-boron) Market is segmented by types into Sintered NdFeB Magnet,
Bonded NdFeB Magnet, Others.
Asia Pacific is the control
region for the production and use of NdFeB magnets. South America’s market is
predictable to experience high growth and is projected to grow at a high CAGR
during the forecast period. The market in Asia Pacific is growing at a fast
pace due to increasing demand from end user industries, particularly in
countries such as China and Japan. The market is increasing slowly in Europe
and Eurasia, but it will continue to grow at a considerable pace in the North
American region.
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The Key Players in the NdFeB permanent magnets include Hitachi Metals,
MMC, Vacuumschmelze, Zhong Ke San Huan, TDK, Zhenfhai Magnetic, Ningbo
Yunsheng, Tianhe Magnets, Shougang Magnetic Material and Jingci Magnet.
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