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
• 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