Japan Neodymium Iron Boron Magnet Market Analysis, Growth

Japan Neodymium Iron Boron Magnet Market is Anticipated to hold a significant share by 2033, growing at a CAGR of 1.21% from 2023 to 2033. An alloy of neodymium, iron, and boron is used to create neodymium-iron boron (NdFeB) permanent magnets. These types of magnets are the most powerful permanent magnets currently on the market. Their exceptional magnetic strength makes them perfect for a variety of applications, such as hard disk drives, electric motors, and different kinds of sensors.