High performance NdFeB magnets are a vital component of wind turbines and electric vehicles. The demand for these materials is predicted to grow by 400 percent between 2020 and 2030. Based on the projections for both high and low end demand scenarios, the demand for these magnets will reach nearly 50,000 tons by 2025 and more than 2 million tons by 2030.
The largest producers of high-performance NdFeB magnets are Japan and China. Together, these two countries produce more than 50% of the world's NdFeB magnets. As a result, the United States is no longer a major player in the magnets market. Japan outproduced the United States in the 80s and 90s, so the US is not as dominant as it once was.
Several factors can push the price of high-performance NdFeB magnets upward. For example, the transition to clean energy will drive EV and wind turbines' demand. This may lead to a supply mismatch. It could cause supply bottlenecks and higher prices by 2030.
China is the largest producer of NdFeB magnets in the world, accounting for more than half of the total market. The demand for these high-performance magnets will increase significantly over the next decade, with the EV and wind turbine industries expected to grow rapidly in the country. The Chinese government has a vested interest in integrating the domestic clean-tech supply chain. However, the country is unlikely to export its high-performance NdFeB magnets to other countries.
Another important factor in enhancing the performance of NdFeB magnets is the alloying process. This process refines the microstructure of the NdFeB alloy, increasing its magnetic properties. Afterwards, the NdFeB alloy is ready to be strip cast. The process begins by heating the NdFeB alloy in a vacuum furnace. A stream of molten metal is then forced onto a drum and quickly cooled. This high-speed cooling creates small grains that are crucial for high-performance magnets.
High performance NdFeB magnets are available in a variety of shapes and sizes. These magnets can be used in MRIs and hard disk drives. They can also be used in brushless DC motors. If you're looking for high-performance magnets for MRIs and magnetic separation, consider an NdFeB magnet.
High-performance NdFeB magnets can be used in new energy vehicles, wind power generation, robots, and smart manufacturing. Their low coercivity and low energy consumption make them ideal for a variety of applications. It's no wonder that the demand for these magnets is rising.
The NdFeB magnet has the highest yield of any permanent magnet material available. It is widely used in automotives, computer and medical devices, and cellular phones.