Insight
|
October 25, 2024
|
3 minute read
NdFeB powder demand poised to re-accelerate post-2030
With the commercialization of solid state drives (SSDs) and resultant gradual decline in consumer hard disk drive (HDD) sales since at least 2015, global NdFeB powder demand growth has been suppressed and, over the near-term, is expected to underperform growth of sintered NdFeB alloy demand, which is being propelled higher by EVs, wind power generators and other fast-growing applications.
However, over the medium- to long-term, with the acceleration of robotics and advanced air mobility sectors, we expect to see a strong revival of NdFeB powder demand and production starting from around 2033.
