Global and China NdFeB Industry Report, 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 14, 2018--The “Global and China NdFeB Industry Report, 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
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 output 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.
Key Topics Covered:
1 Introduction to NdFeB Industry
2 Status Quo of Global NdFeB Market
3 Status Quo of Chinese NdFeB Market
4 Upstream and Downstream of NdFeB Industry
5 Major Foreign NdFeB Manufacturers
6 Major Chinese NdFeB Manufacturers
Companies MentionedAdvanced Technology & Materials Co., Ltd. Anhui Earth-Panda Advance Magnetic Material Co., Ltd. Beijing Magnetic Materials Technology Co., Ltd. Beijing Thinova Beijing Zhong Ke San Huan High-Tech Co., Ltd. Chengdu Galaxy Magnets Co., Ltd. China Northern Rare Earth (Group) High-tech Co., Ltd. Hitachi Metals Innuovo Technology Co., Ltd. Ningbo Jinji Strong Magnetic Material Co., Ltd Ningbo Yunsheng Co., Ltd. Rising Nonferrous Metals Co., Ltd. Seiko Epson Shin-Etsu Chemical Sinosteel Anhui Tianyuan Technology Co., Ltd. TDK VAC Xiamen Tungsten Co., Ltd. Yantai Shougang Magnetic Materials Inc Yantai Zhenghai Magnetic Material Co., Ltd. Zhongshan Broad-Ocean Motor Co., Ltd.
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Related Topics:Advanced Materials
KEYWORD: ASIA PACIFIC CHINA
INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS
SOURCE: Research and Markets
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PUB: 12/14/2018 02:30 PM/DISC: 12/14/2018 02:30 PM