DUBLIN, March 12, 2024 /PRNewswire/ — The “China Neodymium Iron Boron Magnet Market Report by Application (Automobile, Electronics, Power Generators, Medical Industry, Wind Power, and Others), Domestic Consumption and Exports (Domestic Consumption, Exports), and Region 2024-2032” report has been added to ResearchAndMarkets.com’s offering.
The China NdFeB magnet market size reached 102,200 Tons in 2023. The market is projected to reach 150,700 Tons by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2023-2032.
The market for NdFeB magnets in China is strongly driven by the abundant availability of raw materials required for their production. China has the largest reserve of rare-earth minerals and holds a monopoly over the raw materials. However, since the regulations for exporting the raw materials have become stringent over the past few years, the industries that are dependent on these magnets have set up their plants in China in order to reduce their production costs. Some of the industries where the demand for these magnets is growing include electronics, medical devices, automobiles, wind industry, etc.
This latest report provides a deep insight into the China neodymium-iron-boron magnet market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the China neodymium-iron-boron magnet market in any manner.
Key Questions Answered in This Report
- What was the size of the China neodymium iron boron magnet market in 2023?
- What is the expected growth rate of the China neodymium iron boron magnet market during 2024-2032?
- What are the key factors driving the China neodymium iron boron magnet market?
- What has been the impact of COVID-19 on the China neodymium iron boron magnet market?
- What is the breakup of the China neodymium iron boron magnet market based on the application?
- What is the breakup of the China neodymium iron boron magnet market based on the domestic consumption and exports?
- What are the key regions in the China neodymium iron boron magnet market?
Key Market Segmentation:
Breakup by Application:
- Automobile
- Electronics
- Power Generators
- Medical Industry
- Wind Power
- Others
Breakup by Region:
- Guangdong
- Jiangsu
- Shandong
- Zhejiang
- Henan
- Others
Breakup by Domestic Consumption and Exports:
- Domestic Consumption
- Exports
Value Chain Analysis
- Key Drivers and Challenges
Porters Five Forces Analysis
- PESTEL Analysis
Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
For more information about this report visit https://www.researchandmarkets.com/r/v9mre5
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SOURCE Research and Markets
