Permanent Magnet Market - Industry Dynamics, Market Size and Opportunity Forecast To 2033

Permanent Magnet Market: By Type (Neodymium Iron Boron (NdFeB) Magnets, Samarium Cobalt (SmCo) Magnets, Alnico Magnets, Ferrite Magnets); Grade (Low Grade, Mid-Grade, High Grade); Manfacturing Process (Sintered Magnets, Bonded Magnets, Injection Magnets, Hot Pressed Magnets); End Users (Automotive, Consumer Electronics, Industrial Equipment, Aerospace & Defense, Semiconductor, Military, Others); End Users (Automotive, Consumer Electronics, Industrial Equipment, Aerospace & Defense, Semiconductor, Military, Others); Distribution Channel (Online, Offline (Direct Sales and Distributors); Region—Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2025–2033

Permanent magnet market was valued at US$ 32.86 billion in 2024 and is projected to hit the market valuation of US$ 67.25 billion by 2033 at a CAGR of 8.47% during the forecast period 2025–2033. Read More

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• Last Updated: 17-Sep-2025  |  Format:  |  Report ID: AA09251504