| Product Code: ETC9971270 | Publication Date: Sep 2024 | Updated Date: Apr 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The United States continued to rely heavily on imports of neodymium iron boron magnets in 2024, with key exporting countries being China, Japan, Netherlands, Finland, and the Philippines. Despite a high concentration of imports, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 11.61%. However, there was a notable decline in growth from 2023 to 2024, with a negative growth rate of -24.57%. This trend suggests potential shifts in market dynamics or external factors impacting the import landscape for neodymium iron boron magnets in the US.

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 United States (US) Neodymium Iron Boron Magnet Market Overview |
3.1 United States (US) Country Macro Economic Indicators |
3.2 United States (US) Neodymium Iron Boron Magnet Market Revenues & Volume, 2022 & 2032F |
3.3 United States (US) Neodymium Iron Boron Magnet Market - Industry Life Cycle |
3.4 United States (US) Neodymium Iron Boron Magnet Market - Porter's Five Forces |
3.5 United States (US) Neodymium Iron Boron Magnet Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 United States (US) Neodymium Iron Boron Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient technologies and products driving the adoption of neodymium iron boron magnets. |
4.2.2 Growth in the automotive sector for electric vehicles and hybrid vehicles utilizing neodymium iron boron magnets. |
4.2.3 Advancements in technology leading to the miniaturization of electronic devices, increasing the demand for neodymium iron boron magnets. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of rare earth metals impacting the production cost of neodymium iron boron magnets. |
4.3.2 Environmental concerns and regulations regarding the mining and processing of rare earth metals affecting the supply chain of neodymium iron boron magnets. |
5 United States (US) Neodymium Iron Boron Magnet Market Trends |
6 United States (US) Neodymium Iron Boron Magnet Market, By Types |
6.1 United States (US) Neodymium Iron Boron Magnet Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 United States (US) Neodymium Iron Boron Magnet Market Revenues & Volume, By Application, 2022 - 2032F |
6.1.3 United States (US) Neodymium Iron Boron Magnet Market Revenues & Volume, By Automobile, 2022 - 2032F |
6.1.4 United States (US) Neodymium Iron Boron Magnet Market Revenues & Volume, By Electronics, 2022 - 2032F |
6.1.5 United States (US) Neodymium Iron Boron Magnet Market Revenues & Volume, By Power Generators, 2022 - 2032F |
6.1.6 United States (US) Neodymium Iron Boron Magnet Market Revenues & Volume, By Medical Industry, 2022 - 2032F |
6.1.7 United States (US) Neodymium Iron Boron Magnet Market Revenues & Volume, By Wind Power, 2022 - 2032F |
6.1.8 United States (US) Neodymium Iron Boron Magnet Market Revenues & Volume, By Others, 2022 - 2032F |
7 United States (US) Neodymium Iron Boron Magnet Market Import-Export Trade Statistics |
7.1 United States (US) Neodymium Iron Boron Magnet Market Export to Major Countries |
7.2 United States (US) Neodymium Iron Boron Magnet Market Imports from Major Countries |
8 United States (US) Neodymium Iron Boron Magnet Market Key Performance Indicators |
8.1 Average selling price (ASP) of neodymium iron boron magnets. |
8.2 Adoption rate of neodymium iron boron magnets in emerging industries. |
8.3 Investment in research and development for improving the performance of neodymium iron boron magnets. |
9 United States (US) Neodymium Iron Boron Magnet Market - Opportunity Assessment |
9.1 United States (US) Neodymium Iron Boron Magnet Market Opportunity Assessment, By Application, 2022 & 2032F |
10 United States (US) Neodymium Iron Boron Magnet Market - Competitive Landscape |
10.1 United States (US) Neodymium Iron Boron Magnet Market Revenue Share, By Companies, 2025 |
10.2 United States (US) Neodymium Iron Boron Magnet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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