India Rare Earth Magnet Market - Industry Trends and Forecast to 2029
India rare earth magnet market is projected to register a CAGR of 7.8% in the forecast period of 2022 to 2029. The new market report contains data for the historic year 2020, the base year of calculation is 2021, and the forecast period is 2022 to 2029.
Market Segmentation:
India Rare Earth Magnet Market is segmented into Type (NdFeB Magnet, Samarium Cobalt Magnet (SMCO)), Product (Countersunk Magnets, Circular Disc Magnets, Hook & Eyebolt Magnets, Cylindrical Rod Magnets, Circular Ring Magnets, Rectangular, Self-Adhesive, Pot & Clamping Magnets), Application (Automotive Industry, Food & Drink Processing, Aerospace Industry, Renewable Energy, Consumer Electronics, Deep Sea Exploration, Others)– Industry Trends And Forecast To 2029
Some of the major factors contributing to the growth of the India rare earth magnet market are:
• Continuous rise in demand for permanent magnet
• The increase in the application of rare earth magnet
Market Players
Some of the major players operating in the India rare earth magnet market are:
• Jai Mag Industries
• Star Trace Private Limited
• Kumar Magnet Industries
• Magna Tronix
• JD MAGNETIC IMPEX
• Shree Shakti Industries
• Ashvini Magnets Pvt. Ltd
• DURA MAGNETS PVT. LTD.
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