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 2026-2034
The China NdFeB magnet market size reached 1,10,900 Tons in 2025. Looking forward, IMARC Group expects the market to reach 1,59,300 Tons by 2034, exhibiting a growth rate (CAGR) of 3.98% during 2026-2034.
Neodymium - Iron - Boron (NdFeB) are the strongest types of permanent magnets commercially available. These magnets have the highest energy product for their mass compared to other permanent magnets and create the strongest magnetic field. This strong magnetic strength allows for significant product miniaturisation, improved product performance, super strong adhesive force and reduced manufacturing costs. NdFeB magnets are available in a wide range of shapes, sizes and grades and can be found in a variety of applications such as high-performance motors, brushless DC motors, magnetic separation, magnetic resonance imaging, sensors and loudspeakers.
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.
IMARC Group’s 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 MARKET SEGMENTATION:
IMARC Group provides an analysis of the key trends in each sub-segment of the China NdFeB magnet market report, along with forecasts at the country and regional level from 2026-2034. Our report has categorized the market based on application, and domestic consumption and exports.
Breakup by Application:
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
COMPETITIVE LANDSCAPE
Neodymium - Iron - Boron (NdFeB) are the strongest types of permanent magnets commercially available. These magnets have the highest energy product for their mass compared to other permanent magnets and create the strongest magnetic field. This strong magnetic strength allows for significant product miniaturisation, improved product performance, super strong adhesive force and reduced manufacturing costs. NdFeB magnets are available in a wide range of shapes, sizes and grades and can be found in a variety of applications such as high-performance motors, brushless DC motors, magnetic separation, magnetic resonance imaging, sensors and loudspeakers.
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.
IMARC Group’s 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 MARKET SEGMENTATION:
IMARC Group provides an analysis of the key trends in each sub-segment of the China NdFeB magnet market report, along with forecasts at the country and regional level from 2026-2034. Our report has categorized the market based on application, and domestic consumption and exports.
Breakup by Application:
- Automobile
- Electronics
- Power Generators
- Medical Industry
- Wind Power
- Others
- Guangdong
- Jiangsu
- Shandong
- Zhejiang
- Henan
- Others
- Domestic Consumption
- Exports
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
COMPETITIVE LANDSCAPE
- Competitive Structure
- Key Player Profiles
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 CHINA NEODYMIUM-IRON-BORON MAGNET MARKET
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Market Breakup by Application
5.5 Market Breakup by Domestic Consumption and Exports
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 PESTEL Analysis
5.11.1 Political
5.11.2 Economic
5.11.3 Social
5.11.4 Legal
5.11.5 Environmental
5.11.6 Technological
5.12 Price Analysis
5.12.1 Price Indicators
5.12.2 Price Structure
5.12.3 Margin Analysis
6 MARKET BREAKUP BY APPLICATION
6.1 Automobile
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Electronics
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Power Generators
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Medical Industry
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Wind Power
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 MARKET BREAKUP BY DOMESTIC CONSUMPTION AND EXPORTS
7.1 Domestic Consumption
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Exports
7.2.1 Market Trends
7.2.2 Market Forecast
8 MARKET BREAKUP BY REGION
8.1 Guangdong
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Jiangsu
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Shandong
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Zhejiang
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Henan
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 GOVERNMENT REGULATIONS
10 STRATEGIC RECOMMENDATIONS
11 COMPETITIVE LANDSCAPE
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 CHINA NEODYMIUM-IRON-BORON MAGNET MARKET
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Market Breakup by Application
5.5 Market Breakup by Domestic Consumption and Exports
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 PESTEL Analysis
5.11.1 Political
5.11.2 Economic
5.11.3 Social
5.11.4 Legal
5.11.5 Environmental
5.11.6 Technological
5.12 Price Analysis
5.12.1 Price Indicators
5.12.2 Price Structure
5.12.3 Margin Analysis
6 MARKET BREAKUP BY APPLICATION
6.1 Automobile
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Electronics
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Power Generators
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Medical Industry
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Wind Power
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 MARKET BREAKUP BY DOMESTIC CONSUMPTION AND EXPORTS
7.1 Domestic Consumption
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Exports
7.2.1 Market Trends
7.2.2 Market Forecast
8 MARKET BREAKUP BY REGION
8.1 Guangdong
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Jiangsu
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Shandong
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Zhejiang
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Henan
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 GOVERNMENT REGULATIONS
10 STRATEGIC RECOMMENDATIONS
11 COMPETITIVE LANDSCAPE
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
LIST OF TABLES
Table 1: China: Neodymium-Iron-Boron Magnet Market: Key Industry Highlights, 2025 and 2034
Table 2: China: Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Application (in Million USD), 2026-2034
Table 3: China: Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Domestic Consumption and Exports (in Million USD), 2026-2034
Table 4: China: Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Region (in Million USD), 2026-2034
Table 5: China: Neodymium-Iron-Boron Magnet Market Structure
Table 6: China: Neodymium-Iron-Boron Magnet Market: Key Players
Table 1: China: Neodymium-Iron-Boron Magnet Market: Key Industry Highlights, 2025 and 2034
Table 2: China: Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Application (in Million USD), 2026-2034
Table 3: China: Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Domestic Consumption and Exports (in Million USD), 2026-2034
Table 4: China: Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Region (in Million USD), 2026-2034
Table 5: China: Neodymium-Iron-Boron Magnet Market Structure
Table 6: China: Neodymium-Iron-Boron Magnet Market: Key Players
LIST OF FIGURES
Figure 1: China: Neodymium-Iron-Boron Magnet Market: Major Drivers and Challenges
Figure 2: China: Neodymium-Iron-Boron Magnet Market: Volume Trends (in Tons), 2020-2025
Figure 3: China: Neodymium-Iron-Boron Magnet Market: Value Trends (in Million USD), 2020-2025
Figure 4: China: Neodymium-Iron-Boron Magnet Market: Breakup by Application (in %), 2025
Figure 5: China: Neodymium-Iron-Boron Magnet Market: Breakup by Domestic Consumption and Exports (in %), 2025
Figure 6: China: Neodymium-Iron-Boron Magnet Market: Breakup by Region (in %), 2025
Figure 7: China: Neodymium-Iron-Boron Magnet Market Forecast: Volume Trends (in Tons), 2026-2034
Figure 8: China: Neodymium-Iron-Boron Magnet Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 9: China: Neodymium-Iron-Boron Magnet Industry: SWOT Analysis
Figure 10: China: Neodymium-Iron-Boron Magnet Industry: Value Chain Analysis
Figure 11: China: Neodymium-Iron-Boron Magnet Industry: Porter’s Five Forces Analysis
Figure 12: China: Neodymium-Iron-Boron Magnet Industry: PESTEL Analysis
Figure 13: China: Neodymium-Iron-Boron Magnet (Automobile) Market: Value Trends (in Million USD), 2020 & 2025
Figure 14: China: Neodymium-Iron-Boron Magnet (Automobile) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 15: China: Neodymium-Iron-Boron Magnet (Electronics) Market: Value Trends (in Million USD), 2020 & 2025
Figure 16: China: Neodymium-Iron-Boron Magnet (Electronics) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 17: China: Neodymium-Iron-Boron Magnet (Power Generators) Market: Value Trends (in Million USD), 2020 & 2025
Figure 18: China: Neodymium-Iron-Boron Magnet (Power Generators) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 19: China: Neodymium-Iron-Boron Magnet (Medical Industry) Market: Value Trends (in Million USD), 2020 & 2025
Figure 20: China: Neodymium-Iron-Boron Magnet (Medical Industry) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 21: China: Neodymium-Iron-Boron Magnet (Wind Power) Market: Value Trends (in Million USD), 2020 & 2025
Figure 22: China: Neodymium-Iron-Boron Magnet (Wind Power) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 23: China: Neodymium-Iron-Boron Magnet (Other Applications) Market: Value Trends (in Million USD), 2020 & 2025
Figure 24: China: Neodymium-Iron-Boron Magnet (Other Applications) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 25: China: Neodymium-Iron-Boron Magnet (Domestic Consumption) Market: Value Trends (in Million USD), 2020 & 2025
Figure 26: China: Neodymium-Iron-Boron Magnet (Domestic Consumption) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 27: China: Neodymium-Iron-Boron Magnet (Exports) Market: Value Trends (in Million USD), 2020 & 2025
Figure 28: China: Neodymium-Iron-Boron Magnet (Exports) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 29: Guangdong: Neodymium-Iron-Boron Magnet Market: Value Trends (in Million USD), 2020 & 2025
Figure 30: Guangdong: Neodymium-Iron-Boron Magnet Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 31: Jiangsu: Neodymium-Iron-Boron Magnet Market: Value Trends (in Million USD), 2020 & 2025
Figure 32: Jiangsu: Neodymium-Iron-Boron Magnet Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 33: Shandong: Neodymium-Iron-Boron Magnet Market: Value Trends (in Million USD), 2020 & 2025
Figure 34: Shandong: Neodymium-Iron-Boron Magnet Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 35: Zhejiang: Neodymium-Iron-Boron Magnet Market: Value Trends (in Million USD), 2020 & 2025
Figure 36: Zhejiang: Neodymium-Iron-Boron Magnet Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 37: Henan: Neodymium-Iron-Boron Magnet Market: Value Trends (in Million USD), 2020 & 2025
Figure 38: Henan: Neodymium-Iron-Boron Magnet Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 39: Other Regions: Neodymium-Iron-Boron Magnet Market: Value Trends (in Million USD), 2020 & 2025
Figure 40: Other Regions: Neodymium-Iron-Boron Magnet Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 1: China: Neodymium-Iron-Boron Magnet Market: Major Drivers and Challenges
Figure 2: China: Neodymium-Iron-Boron Magnet Market: Volume Trends (in Tons), 2020-2025
Figure 3: China: Neodymium-Iron-Boron Magnet Market: Value Trends (in Million USD), 2020-2025
Figure 4: China: Neodymium-Iron-Boron Magnet Market: Breakup by Application (in %), 2025
Figure 5: China: Neodymium-Iron-Boron Magnet Market: Breakup by Domestic Consumption and Exports (in %), 2025
Figure 6: China: Neodymium-Iron-Boron Magnet Market: Breakup by Region (in %), 2025
Figure 7: China: Neodymium-Iron-Boron Magnet Market Forecast: Volume Trends (in Tons), 2026-2034
Figure 8: China: Neodymium-Iron-Boron Magnet Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 9: China: Neodymium-Iron-Boron Magnet Industry: SWOT Analysis
Figure 10: China: Neodymium-Iron-Boron Magnet Industry: Value Chain Analysis
Figure 11: China: Neodymium-Iron-Boron Magnet Industry: Porter’s Five Forces Analysis
Figure 12: China: Neodymium-Iron-Boron Magnet Industry: PESTEL Analysis
Figure 13: China: Neodymium-Iron-Boron Magnet (Automobile) Market: Value Trends (in Million USD), 2020 & 2025
Figure 14: China: Neodymium-Iron-Boron Magnet (Automobile) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 15: China: Neodymium-Iron-Boron Magnet (Electronics) Market: Value Trends (in Million USD), 2020 & 2025
Figure 16: China: Neodymium-Iron-Boron Magnet (Electronics) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 17: China: Neodymium-Iron-Boron Magnet (Power Generators) Market: Value Trends (in Million USD), 2020 & 2025
Figure 18: China: Neodymium-Iron-Boron Magnet (Power Generators) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 19: China: Neodymium-Iron-Boron Magnet (Medical Industry) Market: Value Trends (in Million USD), 2020 & 2025
Figure 20: China: Neodymium-Iron-Boron Magnet (Medical Industry) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 21: China: Neodymium-Iron-Boron Magnet (Wind Power) Market: Value Trends (in Million USD), 2020 & 2025
Figure 22: China: Neodymium-Iron-Boron Magnet (Wind Power) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 23: China: Neodymium-Iron-Boron Magnet (Other Applications) Market: Value Trends (in Million USD), 2020 & 2025
Figure 24: China: Neodymium-Iron-Boron Magnet (Other Applications) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 25: China: Neodymium-Iron-Boron Magnet (Domestic Consumption) Market: Value Trends (in Million USD), 2020 & 2025
Figure 26: China: Neodymium-Iron-Boron Magnet (Domestic Consumption) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 27: China: Neodymium-Iron-Boron Magnet (Exports) Market: Value Trends (in Million USD), 2020 & 2025
Figure 28: China: Neodymium-Iron-Boron Magnet (Exports) Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 29: Guangdong: Neodymium-Iron-Boron Magnet Market: Value Trends (in Million USD), 2020 & 2025
Figure 30: Guangdong: Neodymium-Iron-Boron Magnet Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 31: Jiangsu: Neodymium-Iron-Boron Magnet Market: Value Trends (in Million USD), 2020 & 2025
Figure 32: Jiangsu: Neodymium-Iron-Boron Magnet Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 33: Shandong: Neodymium-Iron-Boron Magnet Market: Value Trends (in Million USD), 2020 & 2025
Figure 34: Shandong: Neodymium-Iron-Boron Magnet Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 35: Zhejiang: Neodymium-Iron-Boron Magnet Market: Value Trends (in Million USD), 2020 & 2025
Figure 36: Zhejiang: Neodymium-Iron-Boron Magnet Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 37: Henan: Neodymium-Iron-Boron Magnet Market: Value Trends (in Million USD), 2020 & 2025
Figure 38: Henan: Neodymium-Iron-Boron Magnet Market Forecast: Value Trends (in Million USD), 2026-2034
Figure 39: Other Regions: Neodymium-Iron-Boron Magnet Market: Value Trends (in Million USD), 2020 & 2025
Figure 40: Other Regions: Neodymium-Iron-Boron Magnet Market Forecast: Value Trends (in Million USD), 2026-2034
