DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Neodymium-Iron-Boron Magnet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022" report to their offering.
The Neodymium-Iron-Boron magnet market is presently worth over US$ 10.5 Billion with the total demand of NdFeB magnets growing at a CAGR of 8.5% during 2009-2016.
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.
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 Topics Covered:
2 Research Methodology
3 Executive Summary
5 Global Rare Earth Magnet Industry
6 Global Neodymium-Iron-Boron (NdFeB) Magnet Industry
7 Performance of Key Regions
8 Market by Applications
9 Competitive Structure
10 Neodymium-Iron-Boron Magnet (NdFeB) Manufacturing Process
11 Project Details, Requirements and Costs Involved
12 Loans and Financial Assistance
13 Project Economics
For more information about this report visit http://www.researchandmarkets.com/research/gtmr5d/neodymiumironbor