Product Code: ETC6186020 | Publication Date: Sep 2024 | Updated Date: May 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The demand for Neodymium Iron Boron (NdFeB) magnets in Australia is increasing due to their essential role in high-performance electric motors, especially for electric vehicles and wind turbines. Domestic manufacturing capacity is limited, so the market heavily relies on imports, although recent efforts focus on value-added processing of neodymium ores locally to support the green energy transition.
The market for neodymium iron boron (NdFeB) magnets in Australia is expanding due to their essential role in renewable energy technologies and EV motors. Local production initiatives are gaining support, with efforts underway to establish downstream processing capabilities alongside mining operations. This integrated approach is aimed at enhancing value addition and global competitiveness.
The market for neodymium iron boron (NdFeB) magnets in Australia is limited by the high production costs and lack of domestic manufacturing infrastructure. As these magnets are critical for clean energy technologies and electric vehicles, the dependence on imports makes the sector vulnerable to international market fluctuations and supply disruptions.
Investment in the neodymium iron boron (NdFeB) magnet market in Australia is gaining traction due to increasing demand from automotive, renewable energy, and electronics sectors. These high-performance magnets are integral to advanced manufacturing and clean technologies. With Australia actively promoting value-added rare earth processing and supply chain resilience, investors can find opportunities in establishing domestic magnet manufacturing facilities or joint ventures with international magnet producers.
To support domestic manufacturing of rare earth magnets like Neodymium Iron Boron (NdFeB), the Australian government is promoting downstream processing capabilities through its Modern Manufacturing Strategy. Grants and co-investment opportunities are available for companies that develop magnet manufacturing facilities. This initiative aims to boost sovereign capabilities and secure clean energy and defense technology supply chains.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Neodymium Iron Boron Magnet Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Neodymium Iron Boron Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Neodymium Iron Boron Magnet Market - Industry Life Cycle |
3.4 Australia Neodymium Iron Boron Magnet Market - Porter's Five Forces |
3.5 Australia Neodymium Iron Boron Magnet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Neodymium Iron Boron Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Neodymium Iron Boron Magnet Market Trends |
6 Australia Neodymium Iron Boron Magnet Market, By Types |
6.1 Australia Neodymium Iron Boron Magnet Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Australia Neodymium Iron Boron Magnet Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Australia Neodymium Iron Boron Magnet Market Revenues & Volume, By Automobile, 2021- 2031F |
6.1.4 Australia Neodymium Iron Boron Magnet Market Revenues & Volume, By Electronics, 2021- 2031F |
6.1.5 Australia Neodymium Iron Boron Magnet Market Revenues & Volume, By Power Generators, 2021- 2031F |
6.1.6 Australia Neodymium Iron Boron Magnet Market Revenues & Volume, By Medical Industry, 2021- 2031F |
6.1.7 Australia Neodymium Iron Boron Magnet Market Revenues & Volume, By Wind Power, 2021- 2031F |
6.1.8 Australia Neodymium Iron Boron Magnet Market Revenues & Volume, By Others, 2021- 2031F |
7 Australia Neodymium Iron Boron Magnet Market Import-Export Trade Statistics |
7.1 Australia Neodymium Iron Boron Magnet Market Export to Major Countries |
7.2 Australia Neodymium Iron Boron Magnet Market Imports from Major Countries |
8 Australia Neodymium Iron Boron Magnet Market Key Performance Indicators |
9 Australia Neodymium Iron Boron Magnet Market - Opportunity Assessment |
9.1 Australia Neodymium Iron Boron Magnet Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Neodymium Iron Boron Magnet Market - Competitive Landscape |
10.1 Australia Neodymium Iron Boron Magnet Market Revenue Share, By Companies, 2024 |
10.2 Australia Neodymium Iron Boron Magnet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |