Advanced Materials Industry NdFeB Permanent Magnets Market Trends, 2024

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Global NdFeB Permanent Magnets Market Analysis, Size, Share,
Growth, Trends, Market Overview and Forecast, 2024- Hexa
Research
" NdFeB Permanent Magnets Market in south America is
predictable to experience high growth and is projected to
grow at a high CAGR during 2016 to 2024."
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 tempera ture 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.
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. Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market is segmented By Types into
Sintered NdFeB Magnet, Bonded NdFeB Magnet, Others. Global NdFeB Permanent Magnets (Neodymium -
iron-boron) Market is segmented By Application into Consumer electronics, Industrial Motor, Energ y-saving
appliances, and Vehicle. Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market is segmented by
geography into North America, China, Europe, Southeast Asia, Japan, and India.
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