Companies such as Proterial, Ltd (Japan), NINGBO YUNSHENG co., Ltd (China), TDK Corporation (Japan), YSM Magnet (China), Mitsubishi Materials Corporation (Japan), Jingci Material Science Co., Ltd (China), Yantai Zhenghai Magnetic Material Co.,Ltd. (China), VACUUMSCHMELZE GmbH & Co. KG (Germany), Baotou Tianhe Magnetics Technology Co., Ltd. (China) are the major companies in the neodymium iron boron magnet market.
In December 2023, E-Vac Magnetics, a US subsidiary of Germany's VAC Group, announced plans to establish a rare earth magnet manufacturing facility in Sumter, South Carolina. In August 2023, ZHAOBAO MAGNET announced to expand its neodymium iron boron magnet production capacity to 8,000 tons by 2024 with the establishment of a new manufacturing facility.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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