Developed in the 1970s and 1980s, rare earth magnets have become extremely popular in a number of industrial applications and currently represent the strongest type of permanent magnets. Rare earth magnets are currently divided into two categories, that is, the SmCo-type magnets and the NdFeB-type magnets. These magnets are composed of the alloys of rare earth elements and hence are known as rare earth magnets. These magnets can produce stronger magnetic fields compared to the ferrite and AlNiCo magnets. They are, however, extremely brittle and also vulnerable to corrosion and hence require coating to protect them from breaking, chipping or crumbling into powder.
NdFeB magnets are well suited for use in electric motors, power tools and other products requiring strong, compact permanent magnets. They offer the highest magnetic field strength and magnetic stability but have a lower curie temperature. Since they tend to be more vulnerable to oxidation than SmCo magnets, protective surface treatments are often applied on them.
Unlike NdFeB magnets, SmCo magnets have a weaker magnetic field strength but a higher curie temperature and are extremely useful for applications requiring high field strength while operating at high temperatures. Another advantage with SmCo magnets is that they have a high resistance to oxidation and can be more susceptible to chipping and cracking. Compared to the wide usage of NdFeB magnets, however, SmCo magnets have limited usage. These magnets are currently used for certain niche applications, particularly in the defense and aerospace sectors.
Globally, China represents the largest producer as well as the consumer of NdFeB and SmCo magnets. Well diversified and increasing industrial applications coupled by the fact that they have limited substitutes are currently driving the global demand of NdFeB magnets. The demand of SmCo magnets, on the other hand, is being driven by the increasing spending on the defense and the aerospace sectors. Government initiatives to promote green technologies in order to decrease carbon emissions are also expected to drive the global demand of rare earth magnets in the coming years.
IMARC’s latest study “Rare Earth Magnet Manufacturing Plant Project Report: Industry Trends, Manufacturing Process, Machinery, Raw Materials, Cost and Revenue” provides a techno-commercial roadmap for setting up a rare earth magnets manufacturing plant. The study, which has been done by one of the world’s leading research and advisory firms, covers all the requisite aspects of the rare earth magnet market. This ranges from macro overview of the market to micro details of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have or plan to have any kind of stake in the rare earth magnets industry.
Key Questions Answered in This Report?
- What are the key success and risk factors in the rare earth magnets industry?
- How has the rare earth magnets market performed so far and how will it perform in the coming years?
- What is the structure of the rare earth magnets industry and who are the key players?
- What are the various unit operations involved in a rare earth magnet plant?
- What is the total size of land required for setting up a rare earth magnet plant?
- What are the machinery requirements for setting up a rare earth magnet plant?
- What are the raw material requirements and composition for setting up a rare earth magnet plant?
- What are the utility requirements for setting up a rare earth magnet plant?
- What are the manpower requirements for setting up a rare earth magnet plant?
- What are the infrastructure costs for setting up a rare earth magnet plant?
- What are the capital costs for setting up a rare earth magnet plant?
- What are the operating costs for setting up a rare earth magnet plant?
- What should be the pricing mechanism of various rare earth magnet products?
- What will be the income and expenditures for a rare earth magnet plant?
- What is the time required to break-even?
Table of Contents
1 Research Methodology
2 Executive Summary
3 Introduction
4 Rare Earth Magnets Industry Analysis
4.1 Rare Earth Magnets Industry: Overall Market Performance
4.1.1 Current, Historical and Future Market Trends
4.1.2 Market Breakup by Magnet Type
4.1.3 Market Breakup by Application
4.1.4 Major Players in the Rare Earth Magnet Industry
4.2 Neodymium-Iron-Boron (NdFeB) Magnets
4.2.1 Current and Historical Market Trends
4.2.2 Market Breakup by Region
4.2.3 Market Forecast
4.3 Samarium-Cobalt (SmCo) Magnets
4.3.1 Current and Historical Market Trends
4.3.2 Market Breakup by Region
4.3.3 Market Forecast
4.4 Rare Earth Magnets Industry: Key Success and Risk Factors
5 Processing and Manufacturing of Rare Earth Magnets
5.1 Rare Earth Magnets Manufacturing Plant: Various Types of Unit Operations Involved
5.2 Rare Earth Magnets Manufacturing Plant: Detailed Process Flow
5.3 Raw Material Requirements
5.3.1 NdFeB Magnet: Raw Material Requirements
5.3.2 SmCo Magnet: Raw Material Requirements
5.4 Rare Earth Magnet Manufacturing Plant: Major Machinery Pictures
6 Project Details, Requirements and Costs Involved
6.1 Land, Location and Site Development
6.2 Plant Layout
6.3 Plant Machinery
6.4 Raw Materials
6.5 Utilities
6.6 Manpower
6.7 Other Capital Investments
7 Rare Earth Magnets Manufacturing Plant: Loans and Financial Assistance
8 Rare Earth Magnets Manufacturing Plant: Project Economics
8.1 Capital Cost of the Project
8.2 Techno-Economic Parameters
8.3 Product Pricing
8.4 Income Projections
8.5 Expenditure Projections
8.6 Financial Analysis
List of Figures
Figure 4 1: Global: Rare Earth Magnets Market: Sales Volume (in Tons), 2007-2014
Figure 4 2: Global: Rare Earth Magnets Market Forecast: Sales Volume (in Tons), 2015-2020
Figure 4 3: Global: Rare Earth Magnets Market: Breakup by Magnet Type (in %), 2014
Figure 4 4: Global: Rare Earth Magnets Market: Breakup by Application (in %), 2014
Figure 4 5: Global: Neodymium-Iron-Boron (NdFeB) Magnets Market: Sales Volume (in Tons), 2007-2014
Figure 4 6: Global: Neodymium-Iron-Boron (NdFeB) Magnets Market: Breakup by Region (in %), 2014
Figure 4 7: Global: Neodymium-Iron-Boron (NdFeB) Magnets Market Forecast: Sales Volume
Figure 4 8: Global: Samarium-Cobalt (SmCo) Magnets Market: Sales Volume (in Tons),
Figure 4 9: Global: Samarium-Cobalt (SmCo) Magnets Market: Breakup by Region (in %), 2014
Figure 4 10: Global: Samarium-Cobalt (SmCo) Magnets Market Forecast: Sales Volume (in Tons), 2015-2020
Figure 5 1: Rare Earth Magnets Manufacturing Process: Detailed Process Flow
Figure 5 2: Neodymium-Iron-Boron (NdFeB) Magnet Manufacturing Process: Flow Diagram
Figure 5 3: Samarium-Cobalt (SmCo) Magnet Manufacturing Process: Flow Diagram
Figure 6 1: Rare Earth Magnets Manufacturing Plant: Proposed Plant Layout
Figure 8 1: Rare Earth Magnets Manufacturing Plant: Breakup of Capital Costs (in %)
List of Tables
Table 4 1: Global: Rare Earth Magnets Market: Volume Breakup by Magnet Type
Table 4 2: China: Key Rare Earth Magnet Manufacturers
Table 4 3: USA: Key Rare Earth Magnet Manufacturers
Table 4 4: Japan: Key Rare Earth Magnet Manufacturers
Table 4 5: Europe: Key Rare Earth Magnet Manufacturers
Table 6 1: Rare Earth Magnets Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 6 2: Rare Earth Magnets Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 6 3: Rare Earth Magnets Manufacturing Plant: Costs Related to Plant Machinery (in US$)
Table 6 4: Rare Earth (NdFeB) Magnets Manufacturing Plant: Raw Materials Requirements
Table 6 5: Rare Earth (SmCO) Magnets Manufacturing Plant: Raw Materials Requirements
Table 6 6: Rare Earth Magnets Manufacturing Plant: Costs Related to Salaries and Wages
Table 6 7: Rare Earth Magnets Manufacturing Plant: Costs Related to Other Capital
Table 7 1: Details of Financial Assistance Offered by Financial Institutions
Table 8 1: Rare Earth Magnets Manufacturing Plant: Capital Costs (in US$)
Table 8 2: Rare Earth Magnets Manufacturing Plant: Techno-Economic Parameters
Table 8 3: Rare Earth Magnets Manufacturing Plant: Income Projections (in US$)
Table 8 4: Rare Earth Magnets Manufacturing Plant: Expenditure Projections (in US$)
Table 8 5: Rare Earth Magnets Manufacturing Plant: Cash Flow Analysis without Considering the Income Tax Liability
Table 8 6: Rare Earth Magnets Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
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