Research and Markets has announced the addition of the “Global and Chinese NdFeB Industry Report, 2014-2018” report to their offering.
As the third-generation rare earth permanent magnet material, NdFeB is featured with small size, light weight, strong magnetic force and other characteristics as well as widely used in consumer electronics, transportation, wind power, automobile, medical equipment and other fields.
The growth of China’s downstream demand for new energy vehicles and wind power equipment, the tightened supply of rare earth material and other factors have boosted the global NdFeB capacity to by degrees shift to China in recent years. In 2013, China’s NdFeB output was 94 kt, accounting for 91.0 percent of the global output; wherein, China’s high-performance NdFeB output hit 22 kt, sharing 54.3 percent of the global total.
As for companies, Hitachi Metals, Shin-Etsu Chemical and TDK have monopolized 48 percent share of the world’s high-performance NdFeB market.