Trends and Prospects of the Neodymium Iron Boron (NdFeB) Industry
Posted: Wed Feb 12, 2025 9:30 am
N55 Permanent magnetic block in stock
As a cornerstone of modern high-performance permanent magnetic materials, the neodymium iron boron (NdFeB) industry has experienced significant growth in recent years. This growth is driven by increasing demand for high-tech applications such as electric vehicles, energy-efficient appliances, drones, and wind turbines.
Introduction to NdFeB Materials
NdFeB is a rare earth permanent magnetic material with the highest magnetic properties of all permanent magnetic materials. Its main components are neodymium, iron and boron, with small france number data amounts of dysprosium, niobium and copper. These materials give NdFeB excellent properties such as high remanence, high coercivity and high magnetic energy product. It is worth noting that the internal coercivity and maximum magnetic energy product of sintered NdFeB exceed 60, making it a high-performance material required for advanced technological applications.
Current market situation
The NdFeB industry has undergone tremendous changes since its inception in the 1980s. As the world's largest producer and consumer of NdFeB magnets, China has played a key role in shaping the global market. According to industry reports, China's NdFeB production has been growing steadily, with sintered NdFeB production increasing significantly. For example, in 2021, China's total sintered NdFeB production reached 20.71 million tons, up 16% year-on-year. This trend is expected to continue due to the expansion of downstream applications and government policy support.
As a cornerstone of modern high-performance permanent magnetic materials, the neodymium iron boron (NdFeB) industry has experienced significant growth in recent years. This growth is driven by increasing demand for high-tech applications such as electric vehicles, energy-efficient appliances, drones, and wind turbines.
Introduction to NdFeB Materials
NdFeB is a rare earth permanent magnetic material with the highest magnetic properties of all permanent magnetic materials. Its main components are neodymium, iron and boron, with small france number data amounts of dysprosium, niobium and copper. These materials give NdFeB excellent properties such as high remanence, high coercivity and high magnetic energy product. It is worth noting that the internal coercivity and maximum magnetic energy product of sintered NdFeB exceed 60, making it a high-performance material required for advanced technological applications.
Current market situation
The NdFeB industry has undergone tremendous changes since its inception in the 1980s. As the world's largest producer and consumer of NdFeB magnets, China has played a key role in shaping the global market. According to industry reports, China's NdFeB production has been growing steadily, with sintered NdFeB production increasing significantly. For example, in 2021, China's total sintered NdFeB production reached 20.71 million tons, up 16% year-on-year. This trend is expected to continue due to the expansion of downstream applications and government policy support.