Global High Performance Rare Earth Magnet Market Growth 2023-2029

Global High Performance Rare Earth Magnet Market Growth 2023-2029

The global High Performance Rare Earth Magnet market size is projected to grow from US$ 6891.8 million in 2022 to US$ 12530 million in 2029; it is expected to grow at a CAGR of 8.9% from 2023 to 2029.

The key manufacturers of High Performance Rare Earth Magnet include ZHmag, JL MAG, Shin-Etsu, Beijing Zhong Ke San Huan Hi-Tech and Yunsheng Company, etc. The top five players account for about 52% of the market in total.

In terms of product, it can be divided into Rare-earth Sintered Magnet and Rare-earth Hot-pressed Magnet. Rare-earth Sintered Magnet accounts for more than 95% of the market.

It is widely used in xEV, EPS, industrial machine, factory automation, wind turbine, medical industry, VCM, aerospace&defense, home appliance and other downstream industries. xEV is the most dominant downstream industry, accounting for about 39%. The market share of xEV will continue to increase in the future.

High Performance Rare Earth Magnet mainly refers to high end RbFeB sintered magnet, which is mainly used in EV, wind power, etc. High performance magnate means Hcj(kOe)+(BH)max(MGOe)>60.

LPI (LP Information)' newest research report, the “High Performance Rare Earth Magnet Industry Forecast” looks at past sales and reviews total world High Performance Rare Earth Magnet sales in 2022, providing a comprehensive analysis by region and market sector of projected High Performance Rare Earth Magnet sales for 2023 through 2029. With High Performance Rare Earth Magnet sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High Performance Rare Earth Magnet industry.

This Insight Report provides a comprehensive analysis of the global High Performance Rare Earth Magnet landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High Performance Rare Earth Magnet portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global High Performance Rare Earth Magnet market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High Performance Rare Earth Magnet and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High Performance Rare Earth Magnet.

This report presents a comprehensive overview, market shares, and growth opportunities of High Performance Rare Earth Magnet market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Rare-earth Sintered Magnet
Rare-earth Hot-pressed Magnet

Segmentation by application
xEV
EPS
Industrial Machine
Factory Automation
Wind Turbine
Medical Industry
VCM
Aerospace & Defense
Home Appliance
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Zhejiang Zhongyuan Magnetic
Earth- Panda
Daido Electronics
Tianhe Magnetics

Key Questions Addressed in this Report

What is the 10-year outlook for the global High Performance Rare Earth Magnet market?

What factors are driving High Performance Rare Earth Magnet market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do High Performance Rare Earth Magnet market opportunities vary by end market size?

How does High Performance Rare Earth Magnet break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.