1. The expansion of application scenarios to promote the growth of market size.
In the future, the continuous expansion of demand for new energy vehicles, energy-saving home appliances, energy-saving elevators, robots and other intelligent equipment, drones and other consumer electronics fields, and the strong support of the "double carbon" policy, the Ndfeb permanent magnet material market prospects are broad. It is expected that the market size of China's NdFeb industry will grow at a growth rate of 12%, and the market size will exceed 80 billion yuan in 2025.
2. NdFeb industry three development directions.
In the future, the development trend of NdFeb industry will have three development directions: product high performance, production customization, flexibility, and competition globalization.
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