Neodymium-Iron-Boron
The Gem of Rare Earth Permanent Magnets, with Continuously Growing Market Demand
As the global demand for high-performance magnetic materials continues to grow, Neodymium-Iron-Boron (NdFeB), as the third generation of rare earth permanent magnets, is garnering increasing attention. Known for its superior magnetic properties, energy efficiency, environmental friendliness, abundant raw materials, mature processing technology, and relatively low cost, Shanghai Aopan Magnetic Materials Co., Ltd. NdFeB plays an increasingly important role in modern industry.
Basic Characteristics of Neodymium-Iron-Boron
Neodymium-Iron-Boron is an alloy composed of the rare earth element neodymium, metallic iron, and non-metallic boron. It is famous for its high remanence, high coercivity, and high energy product, making it one of the most commercialized permanent magnet materials. It not only boasts good resistance to high temperatures, corrosion resistance, and high mechanical strength but also becomes a key material in high-tech industries due to its lightweight and wide range of applications.
Application Fields of Neodymium-Iron-Boron
The application range of Neodymium-Iron-Boron is extensive, involving electronic information, new energy, automotive industry, and more. In the field of electronic information, it is widely used in electric vehicles, liquid crystal displays, hard disk drives, audio equipment, and other products. In the new energy sector, Neodymium-Iron-Boron becomes the preferred material for wind turbines and permanent magnet direct-drive generators due to its high performance. In the automotive industry, Neodymium-Iron-Boron is also used in auxiliary motors for electric vehicles, electric power steering systems, and more.
Development Status of the Neodymium-Iron-Boron Industry
In recent years, the production and market demand for Neodymium-Iron-Boron have continued to grow. In 2021, the output of sintered NdFeB blanks in China reached 207,100 tons, a year-on-year increase of 16%; the output of bonded NdFeB was 9,380 tons, a year-on-year increase of 27.2%. The output of sintered NdFeB materials accounts for more than 95% of the total, making it the most important type of NdFeB material in China.
Future Outlook for the Neodymium-Iron-Boron Industry
It is projected that the market size of China's Neodymium-Iron-Boron industry will grow at an annual rate of 12%, and the market size will exceed 800 billion yuan by 2025. This growth is attributed to the continuous expansion of demand in new energy vehicles, energy-saving home appliances, energy-saving elevators, intelligent equipment such as robots, and consumer electronics like drones, as well as the strong support of the "dual carbon" policy. In the future, the development trend of the Neodymium-Iron-Boron industry will present three directions: product high-performance, production customization, flexibility, and global competition.
Application
With its excellent performance and wide range of applications, Neodymium-Iron-Boron has become the cream of the crop among rare earth permanent magnets. As technology continues to advance and application scenarios continue to expand, the Neodymium-Iron-Boron industry is set to embrace an even broader development prospect.
