Compared with traditional permanent magnet materials, rare earth permanent magnet materials are currently the magnetic materials with the best magnetic properties and the best comprehensive performance, and have become the key basic materials for modern industries. At present, the third-generation rare earth permanent magnet material NdFeB permanent magnet material is the most widely used magnetic material, the fastest developing speed, and the best comprehensive performance. Among them, sintered NdFeB magnet is currently the largest in output and the most widely used. The neodymium iron boron permanent magnet material.
High-performance rare earth permanent magnet materials are widely used in energy-saving and environmentally friendly manufacturing industries and other low-carbon economic fields. As countries all over the world invest heavily in low-carbon, energy-saving and environmentally friendly manufacturing industries, and vigorously promote the consumption of green energy-saving and environmentally friendly products, new energy vehicles, wind power generation New industries represented by, energy-saving home appliances, robots and smart manufacturing are developing rapidly, and the demand for high-performance rare earth permanent magnet materials is expected to usher in rapid growth.
According to estimates, from 2019 to 2025, the global demand for neodymium-iron-boron permanent magnet materials for new energy vehicles will reach 45016 tons, with an average annual compound growth rate of 18.34%; by 2024, global wind power installations will bring about high-performance neodymium The demand for iron and boron is 20552 tons, an increase of 21.52% over 2019, with an average annual compound growth rate of 3.98%. It is conservatively estimated that by 2025, the global frequency conversion energy-saving home appliances will require no less than 9,418 tons of neodymium iron boron permanent magnet materials, compared with 2019 The annual growth rate is 63.4%, and the compound annual growth rate is 8.53%. By 2024, the consumption of neodymium iron boron corresponding to the global industrial robot sales will reach 23325 tons, with an average annual compound growth rate of 17.25%.
The total demand for high-performance NdFeB magnets in the three application areas of new energy vehicles, wind power generation, and energy-saving home appliances in 2025 exceeds the total global demand for high-performance NdFeB magnets in 2018, and the market prospects are very worth looking forward to. .
From the perspective of the supply growth rate of rare earth permanent magnet materials, the growth rate of China's high-performance rare earth permanent magnet material output is much slower than the overall growth rate of the industry's output. In the three years from 2014 to 2016, the annual compound growth rate of my country's NdFeB magnetic materials production was 10.08%, while the annual compound growth rate of high-performance NdFeB magnetic materials was only 2.06%. Due to the six major barriers to entry into the field of high-performance rare earth permanent magnetic materials, including technology and talents, manufacturing barriers for non-standardized products, capital barriers, customer stickiness barriers, quality certification barriers, and patent barriers, it is difficult for latecomers to enter and provide increments. However, industry-leading companies that already hold a large number of long-term customer orders are more willing to maintain the current situation, and lack of willingness to proactively and rapidly expand, resulting in limited rapid growth in the supply of high-performance rare earth permanent magnet materials. This provides development space for the growth of domestic superior magnetic materials companies and enables them to continue to benefit.