NdFeB Industry Report, 2018-2023 – Output in China will exceed 200,000 tons in 2023

According to “Global and China NdFeB Industry Report, 2018-2023“, China produced 138,000 tons of NdFeB with a year-on-year increase of 6.2%, equivalent to over 85% of the global total in 2017; in 2023, the output in China will exceed 200,000 tons. 

Featured with strong magnetic energy product and high compacted density, NdFeB is widely used in various fields. The NdFeB industry over the recent years has characterized the following:

First, the NdFeB market has grown steadily. In 2017, global NdFeB output was about 154,000 tons, with a CAGR of 6.9% between 2010 and 2017. With the growing demand for high magnetic strength and equipment miniaturization in existing and emerging applications, global NdFeB output will be approximately 250,000 tons in 2023. 

As the world’s largest producer of NdFeB, China produced 138,000 tons of NdFeB with a year-on-year increase of 6.2%, equivalent to over 85% of the global total in 2017; in 2023, the output in China will exceed 200,000 tons.

Second, the high-performance NdFeB market has been growing faster than the NdFeB market. In 2017, the world’s ouChetput of high-performance NdFeB jumped 7.7% year on year to 53,000 tons, of which 32,000 tons or 61.1% stemmed from China with the output AAGR of over 20% during 2010-2017. It is expected that China’s NdFeB output will grow at an annual rate of at least 10% from 2018 to 2023 under the impetus of robust market demand.

Third, the prices of raw materials have hiked. Being subject to inspection of Ministry of Industry and Information Technology of the People’s Republic of China (MIIT) and the state reserve policy, the prices of metallic praseodymium and neodymium soared more than 40% apiece in 2017. In 2018, the price of metallic neodymium dropped a bit, while that of metallic praseodymium ran steadily.

Fourth, new product markets have been explored constantly. In addition to use in energy-efficient elevators, consumer electronics, automotive EPS, and energy-efficient air conditioners, NdFeB has found application in high-end fields such as new energy vehicles, industrial robots, and rail transit over the recent years. In 2018, new energy vehicle is the largest applied field of NdFeB in China, consuming at least 20% of NdFeB. The demand from new energy vehicles may make up around 30.0% in 2023.

Last, the industrial concentration still remains low. Global NdFeB manufacturers are largely from China and Japan, including Japan-based Hitachi Metals, Shin-Etsu Chemical, TDK, etc., and China-based Zhong Ke San Huan High-Tech, China Northern Rare Earth (Group) High-Tech, Ningbo Yunsheng, Zhenghai Magnetic Material, among others. In 2018, the world’s top five NdFeB producers hold a combined less than 20% share of the market.

Although the global NdFeB market is less concentrated, the high-performance NdFeB market has a fairly high concentration degree because of high barriers. In 2018, the world’s top five high-performance NdFeB manufacturers swept 54.3% shares together. Among them, Hitachi Metals and Zhong Ke San Huan High-Tech, each of which enjoyed 16.4% market share, ranked first in the industry.

REQUEST A SAMPLE REPORT:
https://www.researchbymarkets.com/sample-request/61824

Global and China NdFeB Industry Report, 2018-2023 focuses on the followings:
Definition, product classification, industry chain of NdFeB, etc.;

Global NdFeB industry (development environment, market size/structure, patents, competitive landscape, etc.);

NdFeB industry in China (industrial policies, market size/structure, cost structure, patents, competitive landscape, etc.);

The price trend of NdFeB upstream raw materials, status quo of NdFeB downstream industries (automotive, wind power, air conditioning, consumer electronics, industrial robots, etc.), NdFeB demand, etc.;
Operation, NdFeB business, etc. of 5 foreign and 16 Chinese NdFeB manufacturers. 

Companies Mentioned: 
Hitachi Metals
Shin-Etsu Chemical
TDK
Seiko Epson
VAC
Beijing Zhong Ke San Huan High-Tech Co., Ltd.
China Northern Rare Earth (Group) High-tech Co., Ltd.
Innuovo Technology Co., Ltd.
Yantai Zhenghai Magnetic Material Co., Ltd.
Ningbo Yunsheng Co., Ltd.
Rising Nonferrous Metals Co., Ltd.
Xiamen Tungsten Co., Ltd.
Advanced Technology & Materials Co., Ltd.
Sinosteel Anhui Tianyuan Technology Co., Ltd.
Zhongshan Broad-Ocean Motor Co., Ltd.
Chengdu Galaxy Magnets Co., Ltd.
Yantai Shougang Magnetic Materials Inc
Beijing Magnetic Materials Technology Co., Ltd.
Beijing Thinova
Anhui Earth-Panda Advance Magnetic Material Co., Ltd.
Ningbo Jinji Strong Magnetic Material Co., Ltd

PURCHASE THIS REPORT:
https://www.researchbymarkets.com/paynow/61824

Contact Us:
ResearchByMarkets.com
Ritesh Tiwari, Director
enquiry@researchbymarkets.com
USA: +1-800-416-3124
https://www.researchbymarkets.com/aboutus

Follow us on Social Media:
Facebook: https://www.facebook.com/researchbymarkets/
LinkedIn: https://www.linkedin.com/company/researchbymarkets/
Twitter: https://twitter.com/ResearchByMrkts

About Us:

Research By Markets is a Market Research Reports Online Repository. We have a huge database of syndicated market research reports that are segmented by Industry Verticals mainly – Telecommunication, Semiconductor, Electronics, Information Technology, Automotive, Healthcare, Pharmaceutical, Medical Devices, Biotechnology, Energy, Power, Aerospace, Defense, Consumer Goods, Construction, Equipment and many more.

Our clientele includes Fortune listed companies who trust us to help them with their market intelligence requirements.

 

Ritesh Tiwari is the Founder of Research By Markets. He has more than 7 years experience in the Market Research industry and a total experience spanning 18+ years. His core experience is in Sales and International Recruitments. Ritesh is a big foodie and a huge football fan, supporting Manchester United (EPL) and FC Barcelona (La Liga). He hardly misses watching any matches when these teams are playing. Get in touch with Ritesh via: enquiry@researchbymarkets.com *Industry Press Release is a part of Research By Markets.