Rare Earth Magnet Industry Research Report 2025

Summary

The rare earth permanent magnet material refers to an alloy formed of rare earth metal and a transition metal. This permanent magnet material made by a certain process is extremely magnetic and can be maintained for a long time. Rare earth magnets have been developed for four generations. The first and second generations are RE-Co permanent magnets, ie Co-based permanent magnets: the first generation as type 5 SmCo alloys (SmCo5) and the second generation as Rare-earth Sintered Magnet7 SmCo alloys (Sm2Co17). Since Sm reserve is scare, Co And Ni is also a valuable strategic metal, the first two generations of rare earth permanent magnets have not been widely used,their major market are only for the high-end military area. The third and fourth generation rare earth permanent magnets are RE-FE-B permanent magnets. It is the third generation - NdFeB alloy (Nd2Fe14B), also the most widely used rare earth permanent magnet; the fourth generation is Sm-Fe-N alloy. (Sm2Fe17N3), but Sm-Fe-N alloy has not yet entered the stage of commercial production.

According to APO Research, The global Rare Earth Magnet market was valued at US$ million in 2024 and is anticipated to reach US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2025-2031.

North American market for Rare Earth Magnet is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Asia-Pacific market for Rare Earth Magnet is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Rare Earth Magnet is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of Rare Earth Magnet include , etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Rare Earth Magnet, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Rare Earth Magnet.

The report will help the Rare Earth Magnet manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

The Rare Earth Magnet market size, estimations, and forecasts are provided in terms of sales volume (K MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Rare Earth Magnet market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Rare Earth Magnet Segment by Company

Hitachi Metals Group
Shin-Etsu
TDK
VAC
Beijing Zhong Ke San Huan Hi-Tech
Yunsheng Company
YSM
JL MAG
ZHmag
Jingci Material Science
AT&M
NBJJ
Innuovo Magnetics
SGM
Galaxy Magnetic
Zhejiang Zhongyuan Magnetic Industry Limited
Earth- Panda
Magsuper
Daido Electronics
Tianhe Magnetics
Rare Earth Magnet Segment by Type

Sintered Neodymium Magnet
Bonded Neodymium Magnet
Other
Rare Earth Magnet Segment by Application

EV
Other Automotive
Air Conditioning
Aerospace & Defense
Wind Energy
Consumer Goods & Electronics
Industrial Machinery
Others
Rare Earth Magnet Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Rare Earth Magnet market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Rare Earth Magnet and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Rare Earth Magnet.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Rare Earth Magnet manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Rare Earth Magnet by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Rare Earth Magnet in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Rare Earth Magnet by Type
2.2.1 Market Value Comparison by Type (2020 VS 2024 VS 2031) & (US$ Million)
2.2.2 Sintered Neodymium Magnet
2.2.3 Bonded Neodymium Magnet
2.2.4 Other
2.3 Rare Earth Magnet by Application
2.3.1 Market Value Comparison by Application (2020 VS 2024 VS 2031) & (US$ Million)
2.3.2 EV
2.3.3 Other Automotive
2.3.4 Air Conditioning
2.3.5 Aerospace & Defense
2.3.6 Wind Energy
2.3.7 Consumer Goods & Electronics
2.3.8 Industrial Machinery
2.3.9 Others
2.4 Global Market Growth Prospects
2.4.1 Global Rare Earth Magnet Production Value Estimates and Forecasts (2020-2031)
2.4.2 Global Rare Earth Magnet Production Capacity Estimates and Forecasts (2020-2031)
2.4.3 Global Rare Earth Magnet Production Estimates and Forecasts (2020-2031)
2.4.4 Global Rare Earth Magnet Market Average Price (2020-2031)
3 Market Competitive Landscape by Manufacturers
3.1 Global Rare Earth Magnet Production by Manufacturers (2020-2025)
3.2 Global Rare Earth Magnet Production Value by Manufacturers (2020-2025)
3.3 Global Rare Earth Magnet Average Price by Manufacturers (2020-2025)
3.4 Global Rare Earth Magnet Industry Manufacturers Ranking, 2023 VS 2024 VS 2025
3.5 Global Rare Earth Magnet Key Manufacturers, Manufacturing Sites & Headquarters
3.6 Global Rare Earth Magnet Manufacturers, Product Type & Application
3.7 Global Rare Earth Magnet Manufacturers Established Date
3.8 Global Rare Earth Magnet Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 Hitachi Metals Group
4.1.1 Hitachi Metals Group Rare Earth Magnet Company Information
4.1.2 Hitachi Metals Group Rare Earth Magnet Business Overview
4.1.3 Hitachi Metals Group Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.1.4 Hitachi Metals Group Product Portfolio
4.1.5 Hitachi Metals Group Recent Developments
4.2 Shin-Etsu
4.2.1 Shin-Etsu Rare Earth Magnet Company Information
4.2.2 Shin-Etsu Rare Earth Magnet Business Overview
4.2.3 Shin-Etsu Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.2.4 Shin-Etsu Product Portfolio
4.2.5 Shin-Etsu Recent Developments
4.3 TDK
4.3.1 TDK Rare Earth Magnet Company Information
4.3.2 TDK Rare Earth Magnet Business Overview
4.3.3 TDK Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.3.4 TDK Product Portfolio
4.3.5 TDK Recent Developments
4.4 VAC
4.4.1 VAC Rare Earth Magnet Company Information
4.4.2 VAC Rare Earth Magnet Business Overview
4.4.3 VAC Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.4.4 VAC Product Portfolio
4.4.5 VAC Recent Developments
4.5 Beijing Zhong Ke San Huan Hi-Tech
4.5.1 Beijing Zhong Ke San Huan Hi-Tech Rare Earth Magnet Company Information
4.5.2 Beijing Zhong Ke San Huan Hi-Tech Rare Earth Magnet Business Overview
4.5.3 Beijing Zhong Ke San Huan Hi-Tech Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.5.4 Beijing Zhong Ke San Huan Hi-Tech Product Portfolio
4.5.5 Beijing Zhong Ke San Huan Hi-Tech Recent Developments
4.6 Yunsheng Company
4.6.1 Yunsheng Company Rare Earth Magnet Company Information
4.6.2 Yunsheng Company Rare Earth Magnet Business Overview
4.6.3 Yunsheng Company Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.6.4 Yunsheng Company Product Portfolio
4.6.5 Yunsheng Company Recent Developments
4.7 YSM
4.7.1 YSM Rare Earth Magnet Company Information
4.7.2 YSM Rare Earth Magnet Business Overview
4.7.3 YSM Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.7.4 YSM Product Portfolio
4.7.5 YSM Recent Developments
4.8 JL MAG
4.8.1 JL MAG Rare Earth Magnet Company Information
4.8.2 JL MAG Rare Earth Magnet Business Overview
4.8.3 JL MAG Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.8.4 JL MAG Product Portfolio
4.8.5 JL MAG Recent Developments
4.9 ZHmag
4.9.1 ZHmag Rare Earth Magnet Company Information
4.9.2 ZHmag Rare Earth Magnet Business Overview
4.9.3 ZHmag Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.9.4 ZHmag Product Portfolio
4.9.5 ZHmag Recent Developments
4.10 Jingci Material Science
4.10.1 Jingci Material Science Rare Earth Magnet Company Information
4.10.2 Jingci Material Science Rare Earth Magnet Business Overview
4.10.3 Jingci Material Science Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.10.4 Jingci Material Science Product Portfolio
4.10.5 Jingci Material Science Recent Developments
4.11 AT&M
4.11.1 AT&M Rare Earth Magnet Company Information
4.11.2 AT&M Rare Earth Magnet Business Overview
4.11.3 AT&M Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.11.4 AT&M Product Portfolio
4.11.5 AT&M Recent Developments
4.12 NBJJ
4.12.1 NBJJ Rare Earth Magnet Company Information
4.12.2 NBJJ Rare Earth Magnet Business Overview
4.12.3 NBJJ Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.12.4 NBJJ Product Portfolio
4.12.5 NBJJ Recent Developments
4.13 Innuovo Magnetics
4.13.1 Innuovo Magnetics Rare Earth Magnet Company Information
4.13.2 Innuovo Magnetics Rare Earth Magnet Business Overview
4.13.3 Innuovo Magnetics Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.13.4 Innuovo Magnetics Product Portfolio
4.13.5 Innuovo Magnetics Recent Developments
4.14 SGM
4.14.1 SGM Rare Earth Magnet Company Information
4.14.2 SGM Rare Earth Magnet Business Overview
4.14.3 SGM Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.14.4 SGM Product Portfolio
4.14.5 SGM Recent Developments
4.15 Galaxy Magnetic
4.15.1 Galaxy Magnetic Rare Earth Magnet Company Information
4.15.2 Galaxy Magnetic Rare Earth Magnet Business Overview
4.15.3 Galaxy Magnetic Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.15.4 Galaxy Magnetic Product Portfolio
4.15.5 Galaxy Magnetic Recent Developments
4.16 Zhejiang Zhongyuan Magnetic Industry Limited
4.16.1 Zhejiang Zhongyuan Magnetic Industry Limited Rare Earth Magnet Company Information
4.16.2 Zhejiang Zhongyuan Magnetic Industry Limited Rare Earth Magnet Business Overview
4.16.3 Zhejiang Zhongyuan Magnetic Industry Limited Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.16.4 Zhejiang Zhongyuan Magnetic Industry Limited Product Portfolio
4.16.5 Zhejiang Zhongyuan Magnetic Industry Limited Recent Developments
4.17 Earth- Panda
4.17.1 Earth- Panda Rare Earth Magnet Company Information
4.17.2 Earth- Panda Rare Earth Magnet Business Overview
4.17.3 Earth- Panda Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.17.4 Earth- Panda Product Portfolio
4.17.5 Earth- Panda Recent Developments
4.18 Magsuper
4.18.1 Magsuper Rare Earth Magnet Company Information
4.18.2 Magsuper Rare Earth Magnet Business Overview
4.18.3 Magsuper Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.18.4 Magsuper Product Portfolio
4.18.5 Magsuper Recent Developments
4.19 Daido Electronics
4.19.1 Daido Electronics Rare Earth Magnet Company Information
4.19.2 Daido Electronics Rare Earth Magnet Business Overview
4.19.3 Daido Electronics Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.19.4 Daido Electronics Product Portfolio
4.19.5 Daido Electronics Recent Developments
4.20 Tianhe Magnetics
4.20.1 Tianhe Magnetics Rare Earth Magnet Company Information
4.20.2 Tianhe Magnetics Rare Earth Magnet Business Overview
4.20.3 Tianhe Magnetics Rare Earth Magnet Production Capacity, Value and Gross Margin (2020-2025)
4.20.4 Tianhe Magnetics Product Portfolio
4.20.5 Tianhe Magnetics Recent Developments
5 Global Rare Earth Magnet Production by Region
5.1 Global Rare Earth Magnet Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
5.2 Global Rare Earth Magnet Production by Region: 2020-2031
5.2.1 Global Rare Earth Magnet Production by Region: 2020-2025
5.2.2 Global Rare Earth Magnet Production Forecast by Region (2026-2031)
5.3 Global Rare Earth Magnet Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
5.4 Global Rare Earth Magnet Production Value by Region: 2020-2031
5.4.1 Global Rare Earth Magnet Production Value by Region: 2020-2025
5.4.2 Global Rare Earth Magnet Production Value Forecast by Region (2026-2031)
5.5 Global Rare Earth Magnet Market Price Analysis by Region (2020-2025)
5.6 Global Rare Earth Magnet Production and Value, YOY Growth
5.6.1 North America Rare Earth Magnet Production Value Estimates and Forecasts (2020-2031)
5.6.2 Europe Rare Earth Magnet Production Value Estimates and Forecasts (2020-2031)
5.6.3 China Rare Earth Magnet Production Value Estimates and Forecasts (2020-2031)
5.6.4 Japan Rare Earth Magnet Production Value Estimates and Forecasts (2020-2031)
6 Global Rare Earth Magnet Consumption by Region
6.1 Global Rare Earth Magnet Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
6.2 Global Rare Earth Magnet Consumption by Region (2020-2031)
6.2.1 Global Rare Earth Magnet Consumption by Region: 2020-2025
6.2.2 Global Rare Earth Magnet Forecasted Consumption by Region (2026-2031)
6.3 North America
6.3.1 North America Rare Earth Magnet Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.3.2 North America Rare Earth Magnet Consumption by Country (2020-2031)
6.3.3 United States
6.3.4 Canada
6.3.5 Mexico
6.4 Europe
6.4.1 Europe Rare Earth Magnet Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.4.2 Europe Rare Earth Magnet Consumption by Country (2020-2031)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.4.8 Spain
6.4.9 Netherlands
6.4.10 Switzerland
6.4.11 Sweden
6.4.12 Poland
6.5 Asia Pacific
6.5.1 Asia Pacific Rare Earth Magnet Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.5.2 Asia Pacific Rare Earth Magnet Consumption by Country (2020-2031)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 India
6.5.7 Australia
6.5.8 Taiwan
6.5.9 Southeast Asia
6.6 South America, Middle East & Africa
6.6.1 South America, Middle East & Africa Rare Earth Magnet Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.6.2 South America, Middle East & Africa Rare Earth Magnet Consumption by Country (2020-2031)
6.6.3 Brazil
6.6.4 Argentina
6.6.5 Chile
6.6.6 Turkey
6.6.7 GCC Countries
7 Segment by Type
7.1 Global Rare Earth Magnet Production by Type (2020-2031)
7.1.1 Global Rare Earth Magnet Production by Type (2020-2031) & (K MT)
7.1.2 Global Rare Earth Magnet Production Market Share by Type (2020-2031)
7.2 Global Rare Earth Magnet Production Value by Type (2020-2031)
7.2.1 Global Rare Earth Magnet Production Value by Type (2020-2031) & (US$ Million)
7.2.2 Global Rare Earth Magnet Production Value Market Share by Type (2020-2031)
7.3 Global Rare Earth Magnet Price by Type (2020-2031)
8 Segment by Application
8.1 Global Rare Earth Magnet Production by Application (2020-2031)
8.1.1 Global Rare Earth Magnet Production by Application (2020-2031) & (K MT)
8.1.2 Global Rare Earth Magnet Production Market Share by Application (2020-2031)
8.2 Global Rare Earth Magnet Production Value by Application (2020-2031)
8.2.1 Global Rare Earth Magnet Production Value by Application (2020-2031) & (US$ Million)
8.2.2 Global Rare Earth Magnet Production Value Market Share by Application (2020-2031)
8.3 Global Rare Earth Magnet Price by Application (2020-2031)
9 Value Chain and Sales Channels Analysis of the Market
9.1 Rare Earth Magnet Value Chain Analysis
9.1.1 Rare Earth Magnet Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Rare Earth Magnet Production Mode & Process
9.2 Rare Earth Magnet Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Rare Earth Magnet Distributors
9.2.3 Rare Earth Magnet Customers
10 Global Rare Earth Magnet Analyzing Market Dynamics
10.1 Rare Earth Magnet Industry Trends
10.2 Rare Earth Magnet Industry Drivers
10.3 Rare Earth Magnet Industry Opportunities and Challenges
10.4 Rare Earth Magnet Industry Restraints
11 Report Conclusion
12 Disclaimer

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