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Rare earth materials in three sectors such as permanent magnet applications will increase rapidly

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by Jian Guo

the fastest growing in the future rare earth application are three areas of the permanent magnet respectively, oil catalytic cracking, auto tail gas purification

Recently, the deputy secretary-general of China's rare earth said that the fastest growing in the future rare earth application are three areas of the permanent magnet respectively, oil catalytic cracking, auto tail gas purification, predicting 2018 compound growth rate of 10.1%, 8% and 6% respectively, rare earth elements lanthanum, cerium, praseodymium, neodymium and dysprosium.

Morgan Stanley expects the permanent magnet direct-drive will account for 70% of the offshore wind power; The 2015 global permanent magnet direct-drive will account for 15% of the total wind turbines - 20%.

And according to the global wind energy council, in the period 2013-2017, wind power cumulative installed capacity will be doubled, to 536 gw in 2017; In new capacity in 2013 from 40 gw, growth in 2017 to 61 gigawatts (gw). Asia will continue to become the world's largest market, about 112 gw of installed in five years, the total capacity over 200 gw by the end of 2017.

All research report estimates that 2014 wind generator in ndfeb demand for 4074 tons, year-on-year growth of 28%. "Besides, hoisting machinery, mining, oil pump with motor, magnetic separator, electric tools, rail transport, especially in industrial use various types of rare earth permanent magnet motor, micro &special motor is the demand for rare earth permanent magnet material number will also have the stable growth. After 5 years we expect China's demand will reach 150000 tons of rare earth permanent magnet." .but said.

Rare earth permanent magnet in strategic emerging industries, the related product performance, improve efficiency significantly important material, its application scope and quantities in a certain extent reflects a country's development level of high and new technology.

Ndfeb becomes the most popular materials in rare earth industry, mainly due to the state environmental protection, energy conservation is becoming more and more attention, and high performance Permanent magnetic material which has been widely applied in the field of new energy, the development potential is tremendous.

The above information is from internet and translated by Neodymium magnet supplier @NINGBO VASTSKY MAGNET

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