Rare Earth Magnet Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine

Rare Earth Magnet Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine


The global rare earth magnet market is expected to grow at a CAGR of around 6.4% during 2025-2034. This report on global rare earth magnet market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global rare earth magnet market by segmenting the market based on type, application, and region. Also, detailed profiles of companies operating in the rare earth magnet market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers

• Rising Environmental Protection Norms
• Investments in Asian Economies

Market Challenges

• High Costs

Historical & Forecast Period

Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034

Market by Type

• Neodymium-Iron-Boron (NdFeB) Magnets
• Samarium-Cobalt (SmCo) Magnets

Market by Application

• NdFeB Magnets
Automobile
Electronics
Power Generators
Medical Industry
Wind Power
Others
• SmCo Magnets
Defense
Aerospace
Electronics
Medical Devices
Others

Market by Region

• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa


1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
3. Global Rare Earth Magnet Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges
4. Global Rare Earth Magnet Market Analysis
4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. Global Rare Earth Magnet Market by Type
5.1. Introduction
5.2. Neodymium-Iron-Boron (NdFeB) Magnets
5.3. Samarium-Cobalt (SmCo) Magnets
6. Global Rare Earth Magnet Market by Application
6.1. Introduction
6.2. NdFeB Magnets
6.2.1. Automobile
6.2.2. Electronics
6.2.3. Power Generators
6.2.4. Medical Industry
6.2.5. Wind Power
6.2.6. Others
6.3. SmCo Magnets
6.3.1. Defense
6.3.2. Aerospace
6.3.3. Electronics
6.3.4. Medical Devices
6.3.5. Others
7. Global Rare Earth Magnet Market by Region
7.1. Introduction
7.2. Europe
7.2.1. Germany
7.2.2. United Kingdom
7.2.3. France
7.2.4. Italy
7.2.5. Spain
7.2.6. Russia
7.2.7. Netherlands
7.2.8. Rest of the Europe
7.3. North America
7.3.1. United States
7.3.2. Canada
7.4. Asia Pacific
7.4.1. China
7.4.2. Japan
7.4.3. India
7.4.4. South Korea
7.4.5. Australia
7.4.6. Indonesia
7.4.7. Rest of the Asia Pacific
7.5. Latin America
7.5.1. Mexico
7.5.2. Brazil
7.5.3. Argentina
7.5.4. Rest of Latin America
7.6. Middle East & Africa
7.6.1. Saudi Arabia
7.6.2. Turkey
7.6.3. Iran
7.6.4. United Arab Emirates
7.6.5. Rest of Middle East & Africa
8. SWOT Analysis
9. Porter’s Five Forces
10. Market Value Chain Analysis
11. Competitive Landscape
11.1. Competitive Scenario
11.2. Company Profiles
11.2.1. Arnold Magnetic Technologies
11.2.2. Bunting Magnetics Co.
11.2.3. Eclipse Magnetics Ltd.
11.2.4. Electron Energy Corporation
11.2.5. Eutectix
11.2.6. Hangzhou Permanent Magnet Group Ltd.
11.2.7. IIuka Resources Limited
11.2.8. Ningbo Ninggang Permanent Mangnetic Materials Co. Ltd.
11.2.9. Peak Resources
11.2.10. Proterial Ltd.
11.2.11. Rio Tinto
11.2.12. Shin-Etsu Chemical Co., Ltd.
11.2.13. Thomas & Skinner Inc.
List of Figures
Figure 1: Global Rare Earth Magnet Market (in US$ Million), 2020-2024
Figure 2: Global Rare Earth Magnet Market by Type, 2024
Figure 3: Global Rare Earth Magnet Market by Application, 2024
Figure 4: Global Rare Earth Magnet Market by Region, 2024
Figure 5: Global Rare Earth Magnet Market (in US$ Million), 2025-2034
Figure 6: Global Rare Earth Magnet Market by Type (in %), 2024 & 2034
Figure 7: Global Neodymium-Iron-Boron (NdFeB) Rare Earth Magnet Market (in US$ Million), 2020-2024
Figure 8: Global Neodymium-Iron-Boron (NdFeB) Rare Earth Magnet Market (in US$ Million), 2025-2034
Figure 9: Global Samarium-Cobalt (SmCo) Rare Earth Magnet Market (in US$ Million), 2020-2024
Figure 10: Global Samarium-Cobalt (SmCo) Rare Earth Magnet Market (in US$ Million), 2025-2034
Figure 11: Global Earth Magnet Market by Application (in %), 2024 & 2034
Figure 12: Automobile NdFeB Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 13: Electronics NdFeB Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 14: Power Generators NdFeB Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 15: Medical Industry NdFeB Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 16: Wind Power NdFeB Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 17: Other NdFeB Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 18: Defense SmCo Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 19: Aerospace SmCo Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 20: Electronics SmCo Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 21: Medical Devices SmCo Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 22: Other SmCo Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 23: Global Rare Earth Magnet Market by Region (in %), 2024 & 2034
Figure 24: Europe Rare Earth Magnet Market (in US$ Million), 2020-2024
Figure 25: Europe Rare Earth Magnet Market (in US$ Million), 2025-2034
Figure 26: Europe Rare Earth Magnet Market by Country (in %), 2024 & 2034
Figure 27: Germany Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 28: United Kingdom Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 29: France Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 30: Italy Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 31: Spain Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 32: Russia Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 33: Netherlands Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 34: North America Rare Earth Magnet Market (in US$ Million), 2020-2024
Figure 35: North America Rare Earth Magnet Market (in US$ Million), 2025-2034
Figure 36: North America Rare Earth Magnet Market by Country (in %), 2024 & 2034
Figure 37: United States Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 38: Canada Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 39: Asia Pacific Rare Earth Magnet Market (in US$ Million), 2020-2024
Figure 40: Asia Pacific Rare Earth Magnet Market (in US$ Million), 2025-2034
Figure 41: Asia Pacific Rare Earth Magnet Market by Country (in %), 2024 & 2034
Figure 42: China Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 43: Japan Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 44: India Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 45: South Korea Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 46: Australia Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 47: Indonesia Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 48: Latin America Rare Earth Magnet Market (in US$ Million), 2020-2024
Figure 49: Latin America Rare Earth Magnet Market (in US$ Million), 2025-2034
Figure 50: Latin America Rare Earth Magnet Market by Country (in %), 2024 & 2034
Figure 51: Mexico Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 52: Brazil Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 53: Argentina Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 54: Middle East & Africa Rare Earth Magnet Market (in US$ Million), 2020-2024
Figure 55: Middle East & Africa Rare Earth Magnet Market (in US$ Million), 2025-2034
Figure 56: Middle East & Africa Rare Earth Magnet Market by Country (in %), 2024 & 2034
Figure 57: Saudi Arabia Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 58: Turkey Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 59: Iran Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 60: UAE Rare Earth Magnet Market (in US$ Million), 2020-2034
Figure 61: Market Value Chain
List of Tables
Table 1: Global Rare Earth Magnet Market Portraiture
Table 2: Global Rare Earth Magnet Market by Type (in US$ Million), 2024 & 2034
Table 3: Global Rare Earth Magnet Market by Application (in US$ Million), 2024 & 2034
Table 4: Global Rare Earth Magnet Market by Region (in US$ Million), 2024 & 2034
Table 5: Europe Rare Earth Magnet Market by Country (in US$ Million), 2024 & 2034
Table 6: North America Rare Earth Magnet Market by Country (in US$ Million), 2024 & 2034
Table 7: Asia Pacific Rare Earth Magnet Market by Country (in US$ Million), 2024 & 2034
Table 8: Latin America Rare Earth Magnet Market by Country (in US$ Million), 2024 & 2034
Table 9: Middle East & Africa Rare Earth Magnet Market by Country (in US$ Million),
2024 & 2034
Table 10: List of Key Players

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings