NdFeB Permanent Magnets Market Size, Share, and Trends 2025 to 2034

The global NdFeB permanent magnets market size accounted for USD 32.66 billion in 2025 and is forecasted to hit around USD 59.74 billion by 2034, representing a CAGR of 6.94% from 2025 to 2034. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

Last Updated : August 2025  |  Report Code : 6559  |  Category : Automotive  |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on NdFeB Permanent Magnets Market 

5.1. COVID-19 Landscape: NdFeB Permanent Magnets Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global NdFeB Permanent Magnets Market, By Type/Product

8.1. NdFeB Permanent Magnets Market Revenue and Volume, by Type/Product

8.1.1 Sintered NdFeB Magnets

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Bonded NdFeB Magnets

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Hot pressed/Hot deformed NdFeB Magnets

8.1.3.1. Market Revenue and Volume Forecast

Chapter 9. Global NdFeB Permanent Magnets Market, By Application

9.1. NdFeB Permanent Magnets Market Revenue and Volume, by Application

9.1.1. Electric Motors

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Generators/Wind Turbines

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Instruments & Meters

9.1.3.1. Market Revenue and Volume Forecast

9.1.4. Automotive (beyond motors), Consumer Electronics, Others

9.1.4.1. Market Revenue and Volume Forecast

Chapter 10. Global NdFeB Permanent Magnets Market, By End User Industry

10.1. NdFeB Permanent Magnets Market Revenue and Volume, by End User Industry

10.1.1. Automotive

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Electronics

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Energy (Wind/Renewable)

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. Medical, Industrial Machinery

10.1.4.1. Market Revenue and Volume Forecast

Chapter 11. Global NdFeB Permanent Magnets Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Type/Product

11.1.2. Market Revenue and Volume Forecast, by Application

11.1.3. Market Revenue and Volume Forecast, by End User Industry

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Type/Product

11.1.4.2. Market Revenue and Volume Forecast, by Application

11.1.4.3. Market Revenue and Volume Forecast, by End User Industry

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Type/Product

11.1.5.2. Market Revenue and Volume Forecast, by Application

11.1.5.3. Market Revenue and Volume Forecast, by End User Industry

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Type/Product

11.2.2. Market Revenue and Volume Forecast, by Application

11.2.3. Market Revenue and Volume Forecast, by End User Industry

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Type/Product

11.2.4.2. Market Revenue and Volume Forecast, by Application

11.2.4.3. Market Revenue and Volume Forecast, by End User Industry

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Type/Product

11.2.5.2. Market Revenue and Volume Forecast, by Application

11.2.5.3. Market Revenue and Volume Forecast, by End User Industry

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Type/Product

11.2.6.2. Market Revenue and Volume Forecast, by Application

11.2.6.3. Market Revenue and Volume Forecast, by End User Industry

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Type/Product

11.2.7.2. Market Revenue and Volume Forecast, by Application

11.2.7.3. Market Revenue and Volume Forecast, by End User Industry

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Type/Product

11.3.2. Market Revenue and Volume Forecast, by Application

11.3.3. Market Revenue and Volume Forecast, by End User Industry

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Type/Product

11.3.4.2. Market Revenue and Volume Forecast, by Application

11.3.4.3. Market Revenue and Volume Forecast, by End User Industry

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Type/Product

11.3.5.2. Market Revenue and Volume Forecast, by Application

11.3.5.3. Market Revenue and Volume Forecast, by End User Industry

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Type/Product

11.3.6.2. Market Revenue and Volume Forecast, by Application

11.3.6.3. Market Revenue and Volume Forecast, by End User Industry

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Type/Product

11.3.7.2. Market Revenue and Volume Forecast, by Application

11.3.7.3. Market Revenue and Volume Forecast, by End User Industry

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Type/Product

11.4.2. Market Revenue and Volume Forecast, by Application

11.4.3. Market Revenue and Volume Forecast, by End User Industry

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Type/Product

11.4.4.2. Market Revenue and Volume Forecast, by Application

11.4.4.3. Market Revenue and Volume Forecast, by End User Industry

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Type/Product

11.4.5.2. Market Revenue and Volume Forecast, by Application

11.4.5.3. Market Revenue and Volume Forecast, by End User Industry

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Type/Product

11.4.6.2. Market Revenue and Volume Forecast, by Application

11.4.6.3. Market Revenue and Volume Forecast, by End User Industry

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Type/Product

11.4.7.2. Market Revenue and Volume Forecast, by Application

11.4.7.3. Market Revenue and Volume Forecast, by End User Industry

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Type/Product

11.5.2. Market Revenue and Volume Forecast, by Application

11.5.3. Market Revenue and Volume Forecast, by End User Industry

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Type/Product

11.5.4.2. Market Revenue and Volume Forecast, by Application

11.5.4.3. Market Revenue and Volume Forecast, by End User Industry

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Type/Product

11.5.5.2. Market Revenue and Volume Forecast, by Application

11.5.5.3. Market Revenue and Volume Forecast, by End User Industry

Chapter 12. Company Profiles

12.1. Hitachi Metals, Ltd.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Shin Etsu Chemical Co., Ltd.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. VacuumSchmelze GmbH & Co. KG (VAC)

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. TDK Corporation

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Advanced Technology & Materials (AT&M)

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Zhejiang Innuovo Magnetics Co., Ltd.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Ningbo Yunsheng Co., Ltd.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Beijing Zhongke San Huan High Tech Co., Ltd.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. JPMF Guangdong Co., Ltd.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Molecorp Inc. (Molycorp/Magnetechnology)

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The NdFeB permanent magnets market size is expected to increase from USD 30.54 billion in 2024 to USD 59.74 billion by 2034.

The NdFeB permanent magnets market is expected to grow at a compound annual growth rate (CAGR) of around 6.94% from 2025 to 2034.

The major players in the NdFeB permanent magnets market include Hitachi Metals, Ltd., Shin Etsu Chemical Co., Ltd., VacuumSchmelze GmbH & Co. KG (VAC), TDK Corporation, Advanced Technology & Materials (AT&M), Zhejiang Innuovo Magnetics Co., Ltd., Ningbo Yunsheng Co., Ltd., Beijing Zhongke San Huan High Tech Co., Ltd., JPMF Guangdong Co., Ltd., Molecorp Inc. (Molycorp/Magnetechnology), Neo Performance Materials (Magnequench), MP Materials, Noveon Magnetics (US-based), Magnetic Technologies Corporation, Bunting Magnetics Company, Electron Energy Corporation, Adams Magnetic Products, Inc., Shougang Magnetic Material Co., Ltd., Tianhe Magnets, and Alliance LLC—UMAG, NeoM Magnet & Co.

The driving factors of the NdFeB permanent magnets market are the rising adoption of electric vehicles, wind energy systems, and high-efficiency motors that rely on NdFeB magnets for compact design and superior performance.

Asia Pacific region will lead the global NdFeB permanent magnets market during the forecast period 2025 to 2034.

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