China’s NdFeB Magnetic Material Demand Growth can be Expected In 2020
The amount of rare earth neodymium iron boron increases year by year almost, indispensable, so about 2020 our country neodymium iron boron amount, do you think will continue to increase? What new areas will be added?
Some point out: in the next few years on the whole China’s ndfeb magnetic material demand will rise slightly. Although the traditional automobile industry will be relatively less depressed, but the development of new energy vehicles is a trend, although affected by the policy will have some setbacks. The amount of ndfeb in new energy vehicles will be more than that in traditional vehicles, so the total amount will still be significantly increased. In addition, due to the rapid advancement of automation and intelligence, the robot and its servo motor will have a rapid growth, which will lead to the increase in the use of ndfeb, in addition to some new areas, such as high-speed rail, bullet train will also have more applications.
China’s NdFeB Magnetic Material Demand Growth can be Expected In 2020
NdFeB Market 2018 – 2020 Worldwide Forecasts in New Research Reports
As the third-generation rare-earth permanent magnet material, NdFeB, an alloy of Pr-Nd metal and Ferro boron, is featured with strong magnetic energy product, high coercive force, and high energy density. Being the best-value magnet, it enjoys the reputation of the “King of Magnets”.
Thanks to the booming NdFeB industry in China, global NdFeB output soared from 14 kt in 2000 to 127 kt in 2014 at a CAGR of 13.4%. As the Chinese government eliminated export quota for rare earths, global NdFeB output will continue to grow to 143 kt in 2015. China is the world’s largest NdFeB producer with an output of 112 kt in 2014 (88.1% of the global total), up 19.0% year on year. In 2015, due to ceaseless decline in NdFeB price, China will produce 127 kt throughout the year, gaining by 13.5% from a year ago. Nowadays, around 75% of NdFeB is used in traditional fields (electro-acoustic devices, magnetic separation, consumer electronics, etc.), while only 25% finds application in new fields (inverter air-conditioners, new energy vehicles, and energy-saving elevators). Compared with stable demand from traditional fields, the demand for NdFeB from new applications, especially new energy vehicles, increases significantly.
According to the statistics, new energy vehicles’ consumption of NdFeB was 439 tons in China in 2014 when 79,000 new energy vehicles were manufactured, and is expected to further rise to 946 tons in 2015 when the country’s new energy vehicle output will witness a spectacular rise (to an estimated 178,000). As downstream demand grows steadily and upstream raw material resources are abundant in China, the world’s major NdFeB companies have made their presence here and continued to expand capacity.
Companies involved in this research are Hitachi Metals, Shin-Etsu Chemical, TDK, Beijing Zhong Ke San Huan High-Tech Co., Ltd., China Northern Rare Earth (Group) High-tech Co., Ltd., Taiyuan Twin Tower Aluminum Oxide Co., Ltd. , Yantai Zhenghai Magnetic Material Co., Ltd., Ningbo Yunsheng Co., Ltd., Rising Nonferrous Metals Co., Ltd., Xiamen Tungsten Co., Ltd., Advanced Technology & Materials Co., Ltd., Sinosteel Anhui Tianyuan Technology Co., Ltd., Zhongshan Broad-Ocean Motor Co., Ltd., Chengdu Galaxy Magnets Co., Ltd., Yantai Shougang Magnetic Materials Inc, Beijing Jingci Magnet Co., Ltd., Beijing Thinova, Anhui Earth-Panda Advance Magnetic Material Co., Ltd., Ningbo Jinji Strong Magnetic Material Co., Ltd.
Hitachi Metals: The largest NdFeB manufacturer in Japan where is the home to most of its production bases. The company decided in Jun 2015 to set up a joint venture- Hitachi Metals San Huan Magnetic Materials (Nantong) Co., Ltd. with Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. Phase I of the project will see the construction of 2 kt/a NdFeB production line and is planned to go into operation in 2016.
Shin-Etsu Chemical: With completion of 3 kt/a magnet alloys production line for rare earth magnets in Changting base in 2013, the 3 kt/a magnetic powder production line for rare earth magnets will finish construction at the end of 2015. All products manufactured by the project will be exported to Japan for the production of hybrid electric vehicles.
Beijing Zhong Ke San Huan Hi-Tech: The largest NdFeB manufacturer in China and even across the world; production bases located in Ningbo, Tianjin, Nantong, Beijing, Guangdong, and Shanghai with total NdFeB capacity of 18 kt/a. The 2 kt/a high-performance NdFeB production line was officially completed in Nantong base in May 2015.
On Similar lines, another research titled Global NdFeB Industry 2015 Market Research Report is a professional and in-depth study on the current state of the NdFeB industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The NdFeB market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.
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