Rare earth functional materials are widely used in emerging fields such as electronics, new energy, and environmental protection. The commonly used rare earth materials include rare earth luminescent materials, polishing materials, permanent magnet materials, and hydrogen storage materials. Rare earth functional materials will become the focus of the development of new materials industry due to their special properties. With the rapid development of energy-saving lighting and electronic consumer industries, the demand for rare earth luminescent materials has exploded. With the official release of the roadmap for eliminating incandescent lamps, the production capacity of incandescent lamps in China will drop to 1.42 billion in 2013, and the output of energy-saving lamps will reach 6 billion, which is twice the current production of energy-saving lamps. As a basic raw material for the production of energy-saving lamps, rare earth luminescent materials will surely usher in explosive growth. It is estimated that by 2013, the market scale of rare earth luminescent materials for energy-saving lamps in China will reach 8,000-10,000 tons, with a compound annual growth rate of 21%. Rare earth permanent magnet materials are the most widely used permanent magnet materials, accounting for 60% of the total consumption of rare earth new materials. The third generation of permanent magnet materials, high-performance NdFeB permanent magnet materials applications include: new energy and energy conservation and environmental protection, including wind power, energy-saving elevators, energy-saving environmental air-conditioning, new energy vehicles and other traditional applications (VCM and consumption) Electronic products, etc. In the future, with the continuous improvement of the demand for hybrid vehicles and energy-saving and environmentally-friendly air conditioners, energy conservation, environmental protection and new energy fields will become the main application fields of high-performance NdFeB permanent magnet materials. Taking hybrid vehicles as an example, an average of 5 kg of high-performance NdFeB permanent magnet materials is required for each hybrid vehicle. According to this estimate, the demand for high-performance NdFeB in China's hybrid vehicle industry will reach 7,800 tons in 2014. .
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