PUNE, India, March 26, 2019
PUNE, India, March 26, 2019 /PRNewswire/ -- Global and China Rare Earth Permanent Magnet Market Report, 2018-2023 new report added to ReportsnReports research library. Rare earth permanent magnets consist of SmCo permanent magnet and NdFeB permanent magnet among which NdFeB as a kind of 3rd-Gen rare earth permanent magnetic material takes a lion's share of the market due to its excellent magnetic energy product. NdFeB falls into bonded NdFeB, sintered NdFeB and hot-pressed NdFeB, where sintered NdFeB plays a key role while hot-pressed NdFeB is rarely produced and its industry has not taken shape yet.
As is shown from the latest data, China produced 164.5 kt of rare earth permanent magnets in 2018, edging up 4.6% on an annualized basis. Elaborately, the output of NdFeB permanent magnets posted 162 kt with a year-on-year increase of 5.0%; and that of SmCo permanent magnets stood at 2.5 kt and remained a par with the figure in 2017. It is expected that the Rare Earth Permanent Magnet Market is beyond optimism and keep a growth rate of down to 2% or so in 2019.
China is the world's largest both producer and exporter of rare earth permanent magnets. In 2018, it occupied 90.5% of the global total output and exported roughly 39kt worth $1.87 billion, higher volume and value than those in the previous year. The permanent magnets of rare earth metals and permanent magnets of other metals and articles intended to become permanent magnets after magnetization (HS: 85051110) account for the bulk of the exports and enjoy an export tax rebate rate of 16% (according to the latest policy released in November 2018), with 32.7kt in volume or $1.69 billion in value exported in 2018.
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In recent years, China has taken rare earth, the upstream of rare earth permanent magnet materials industry, as a resource of strategic importance and restricted the total mining and smelting volume. In 2018 the country revised up the indexes for the first time since 2014, increasing the mining volume from 105kt to 120kt and smelting and separation volume from 100kt to 115kt. The Special Administrative Measures for the Access of Foreign Investment (Negative List) (2018) issued in June 2018 first indicates that the limit to co-funded or cooperative smelting and separation of rare earth will be lifted.
Rare earth permanent magnets find wide application in downstream sectors, and it not only gets mostly utilized in industrial motors but is increasingly used in new energy vehicle, wind power, industrial robot, among others. In 2018, new energy vehicle, energy-efficient household appliances, electric tools, industrial robots and so forth give impetus to the industrial development of rare earth permanent magnets whose quality gets incessantly improved and output sees steady growth. The key players maintain a sound development momentum and such advanced technologies as grain-boundary diffusion are promoted further. There emerge new applied fields like the traction motor for high-speed railway.
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Main Global Rare Earth Permanent Magnet Market Companies:
Nowadays, local Chinese enterprises lead the competition, such as Beijing Zhong Ke San Huan Hi-Tech, Tianhe Magnets, Ningbo Yunsheng, JL MAG Rare-Earth, Yantai Shougang Magnetic Material Inc., Zhejiang Innuovo Magnetics, and Yantai Zhenghai Magnetic Materials, and they provides products of medium and high quality. In 2018, the production capacity of Zhong Ke San Huan Hi-Tech, Tianhe Magnets, Tianhe Magnets, and Ningbo Yunsheng was in excess of 10,000 tons apiece. Additionally, the foreign giants like TDK, Hitachi Metals, VAC, and Shin-Etsu Chemical have forayed into China and have been striving for larger market share there. In 2018, the NdFeB price dropped from an early high, causing a fall in manufacturers' net income.
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The report highlights the following:
Another Related Research Report "Global Rare Earth Elements (Ree) Industry Market Research Report" mainly elaborates the definition, types, applications and major players of Rare Earth Elements (Ree) market in details. Deep analysis about market status (2014-2019), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2019-2024), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analyzed scientifically, the feature of product circulation and sales channel will be presented as well. In a word, this report will help you to establish a panorama of industrial development and characteristics of the Rare Earth Elements (Ree) market. Order a Copy of this Research Report at https://www.reportsnreports.com/purchase.aspx?name=1962953
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