Status and Development Prospects of China’s NdFeB Permanent Magnet Market in 2022. Analysis of the supply status and development prospects of China’s permanent magnet NdFeB market in 2022 The industry has entered a stage of high-quality development

The core data of this article: the status quo of magnetic material subdivision products, the supply analysis of permanent magnet NdFeB industry

Analysis of Segmentation Category of Permanent Magnet Materials Industry

Permanent magnet materials are mainly divided into metal alloy permanent magnet materials, ferrite permanent magnet materials and rare earth permanent magnet materials, among which rare earth materials are further divided into samarium cobalt permanent magnet materials and neodymium iron boron permanent magnet materials. The third-generation permanent magnet material successfully developed after the ferrite system and the ferrite system.

Cost analysis of NdFeB permanent magnet materials – metal neodymium as the main component

The cost components of China’s NdFeB permanent magnet materials mainly include: metal neodymium, energy, labor, depreciation, other raw materials and other rare earth metals. Among them, the cost of neodymium metal accounts for the highest proportion of the total cost, close to 40%.

high-performance NdFeB has grown significantly

high-performance NdFeB has grown significantly

The output of NdFeB permanent magnet materials – high-performance NdFeB has grown significantly

According to the data of the Ministry of Industry and Information Technology, in 2018, industries such as new energy vehicles, energy-saving home appliances, power tools, and industrial robots (12.270, -0.38, -3.00%) provided important support for the development of the rare earth permanent magnet material industry. The output has grown steadily, and the profitability of key enterprises has maintained a good momentum. Advanced technologies such as grain boundary diffusion have been further promoted, and new application fields such as traction motors for high-speed rail have been expanded. In 2020, the output of NdFeB permanent magnet materials in China will reach 167,000 tons. According to preliminary statistics, the output in 2021 will be about 181,000 tons.

Among the NdFeB subdivision products, the application scenarios of high-performance NdFeB are increasing, and energy-saving industries such as new energy vehicles and wind power drive the growth of demand for high-performance NdFeB. High-performance NdFeB (the sum of intrinsic coercive force (Hcj) and maximum magnetic energy product ((BH)max) is greater than 60) can reduce product volume, reduce product quality and improve product use efficiency.

With the further popularization of new energy vehicles and smart home appliances, the output of high-performance NdFeB will also further increase. In 2020, the output of high-performance NdFeB materials in China will reach 56,000 tons. According to preliminary statistics, the output will reach 67,000 in 2021. tons, and the output accounted for 37%.

Regional structure of demand for NdFeB permanent magnet materials——Zhejiang is the main producing area

In terms of demand for NdFeB permanent magnet materials, Zhejiang accounted for 47.1% of the output of NdFeB permanent magnet materials, followed by Shanxi, accounting for 21.70%.

NdFeB Permanent Magnet Material Production 2016-2021

NdFeB Permanent Magnet Material Production 2016-2021

Production trend of NdFeB permanent magnet materials – is expected to be close to 200,000 tons in 2022

NdFeB permanent magnet, known as the “Magnetic King”, is one of the magnetic materials with better comprehensive performance in current industrial production, and is the rare earth permanent magnet material with the highest output and the most extensive application. With the country’s continuous emphasis on energy saving and consumption reduction, the penetration rate of NdFeB in the fields of energy-saving inverter air conditioners, energy-saving elevators, robots and intelligent manufacturing continues to increase, driving its demand for high-performance NdFeB permanent magnet materials to grow steadily.

It is expected that the output of NdFeB permanent magnet materials in China will exceed 190,000 tons in 2022, and will exceed 270,000 tons in 2027, with a compound annual growth rate of nearly 4%.

high-performance NdFeB has grown significantly

high-performance NdFeB has grown significantly

The above data refer to the “China Magnetic Materials Industry Market Prospect and Investment Strategic Planning Analysis Report” by the Qianzhan Industry Research Institute. At the same time, the Qianzhan Industry Research Institute also provides industrial big data, industrial research, industrial chain consulting, industrial map, industrial planning, park planning, industrial Solutions such as investment attraction, IPO fundraising feasibility study, IPO business and technology writing, IPO working paper consultation, etc.

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