Email Us neo@atechmagnet.com CALL US NOW +86-010-53345989
Huatai Xinding(Beijing)Metal Materials Co., Ltd.
En
Comparison of NdFeB annual production capacity and the proportion of production area and market distribution
Magnetic solution
provider & manufacturing expert,
25 years of professional experience
Innovative solutions for sustainable developments toward a better world
Striving for excellence and continuous improvements to support your success

Comparison of NdFeB annual production capacity and the proportion of production area and market distribution

At present, sintered NdFeB is still the most widely used rare earth permanent magnet material with the highest output in China. In 2019, the output of semifinished sintered NdFeB in China was 170000 tons, an increase of 9.7% compared with that in 2018, accounting for 94.3% of the domestic output of rare earth permanent magnet materials. The output of bonded NdFeB was 0.79 tons, 5% higher than that in 2018, accounting for 4.4%. In recent years, China's NdFeB production capacity is still in the trend of continuous growth, and the overall capacity is in the state of excess, but the high-end market capacity supply is insufficient. In terms of production capacity distribution, Zhejiang, Shanxi, Shandong and Shanxi are the main producing areas of NdFeB in China, accounting for 70.35% of the total production capacity of the market. Among them, Zhejiang Province has significant advantages in terms of industrial concentration. The application of high-performance NdFeB can be divided into two categories: traditional applications such as consumer electronics and basic industries, and emerging applications such as new energy, energy conservation and environmental protection. At present, the traditional automotive sector accounts for the highest proportion of high-performance NdFeB permanent magnet materials in China, reaching 37.5%. In addition, the new energy vehicle sector drives the largest demand, accounting for 11.8% of the total, and wind power accounts for 10%. In wind turbines, high-performance NdFeB magnets are used for direct drive and semi direct drive permanent magnets. In recent years, China's wind power industry is likely to pick up. In 2019, China's total wind power grid connected installed capacity is 21.05 million kilowatts. In this context, the penetration rate of direct drive permanent magnet motor continues to increase, which will promote the consumption of high-end NdFeB in the wind power field. Driven by the development of strategic emerging industries such as new energy, energy conservation and environmental protection industry, China's NdFeB manufacturing technology has improved rapidly, and the proportion of high-performance NdFeB will gradually increase.

Comparison of NdFeB annual production capacity and the proportion of production area and market distribution
Related News
  • Utah's Energy Fuel Company Plans to Produce Rare Earths

    Utah's Energy Fuel Company Plans to Produce Rare Earths

    January 20, 2021Energy Fuels, a uranium and vanadium processor based in Utah, said that starting from the first quarter of 2021, it will purchase 2,500 metric tons of monazite sand from Chemours each year for a perio...view
  • Ferrite Magnet Price Concerns

    Ferrite Magnet Price Concerns

    September 1, 2021The latest magnet material with pricing concerns (Neodymium Price Concerns – June 2021) is Strontium Ferrite.The Strontium Ferrite (SrFe12O19) magnet is the most commonly used magnet material, featur...view
  • Sumitomo Collaboration With MP Materials On Supply Of REE

    Sumitomo Collaboration With MP Materials On Supply Of REE

    March 14, 2023Japanese trading firm Sumitomo will serve as the exclusive distributor of neodymium-praseodymium (NdPr) oxide to Japanese customers for US-based producer MP Materials, under a new agreement.The compan...view
  • SMM REE Price Forecast

    SMM REE Price Forecast

    January 30, 2023SHANGHAI, Jan 5 (SMM) - The rare earth prices were steady generally today with upside potential. According to SMM, as of January 5, the mainstream transaction prices of PrNd oxide gained slightly to 7...view