The Rare Earth Magnet Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Rare Earth Magnet Market?
The size of the global rare earth magnet market has seen a substantial growth in the past years. The market value, which was $17.74 billion in 2024, is anticipated to expand to $19.20 billion in 2025, showing a Compound Annual Growth Rate (CAGR) of 8.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Rare Earth Magnet Industry?
The Rare Earth Magnet Global Market is expected to reach a market size of $26.02 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.9%.
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What are the Key Growth Drivers Fueling the Rare Earth Magnet Market?
The key drivers in the rare earth magnet market are:
• Surge in demand for high-efficiency motors
• Rising investment in electric vehicle infrastructure
• Increased adoption of rare earth magnets in robotics
• Growth of advanced manufacturing techniques and demand for stronger magnets in medical devices
Global Market Segmentation: Identifying Major Rare Earth Magnet Industry Segments
The rare earth magnet market covered in this report is segmented –
1) By Product Type: Sintered Neodymium-Iron-Boron, Bonded Neodymium-Iron-Boron, Samarium-Cobalt, Praseodymium-Neodymium-Iron-Boron, Dysprosium-Neodymium-Iron-Boron
2) By Grade: High-Performance, Mid-Performance, Low-Performance
3) By End User: Automotive, Consumer Electronics, Energy, Healthcare, Industrial Equipment, Other End Users
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What are the Emerging Trends Shaping the Future of the Rare Earth Magnet Market?
The key trends in the rare earth magnet market are:
• Development of alternative magnetic materials is a major emerging trend.
• There's a noticeable shift towards magnet recycling to mitigate environmental impact.
• Advancements in magnet manufacturing technology are shaping the market.
• The integration of AI and automation in magnet manufacturing is a growing trend.
Who Are the Top Competitors & Leading Players in the Rare Earth Magnet Market?
Major players in the rare earth magnet market are:
• Shin-Etsu Chemical Co. Ltd.
• TDK Corporation
• Hitachi Metals
• China Northern Rare Earth Group
• Beijing Zhong Ke Magnetic Materials
• Zhong Ke San Huan High-Tech Co.
• Ningbo Yunsheng Co. Ltd.
• Lynas Rare Earths Ltd.
• MP Materials Corp.
• Arnold Magnetic Technologies
• Bunting Magnetics Co.
• Goudsmit Magnetics
• Eclipse Magnetics Ltd.
• Electron Energy Corporation
• Toshiba Materials Co. Ltd.
• Adams Magnetic Products
• Shenzhen Zhaobao Magnet Co Ltd.
• Dura Magnetics Inc.
• Magnet Applications Inc.
• Ucore Rare Metals Inc.
• Rare Element Resources Ltd
• Earth-Panda Advance Magnetic Material Co. Ltd.
Regional Dominance: Which Area Leads the Global Rare Earth Magnet Market?
North America was the largest region in the rare earth magnet market in 2024
