Global Rare-earth Bonded Magnet Market Size, Growth Analysis and Forecast Insights
Report ID : 1357622 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Rare-earth Bonded Magnet Market is categorized based on Type (Neodymium Iron Boron (NdFeB), Samarium Cobalt (SmCo), Ferrite, Alnico, Other Types) and Application (Automotive, Consumer Electronics, Industrial Machinery, Healthcare, Energy) and Form Factor (Bonded Magnets, Sintered Magnets, Other Forms) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The Rare-earth Bonded Magnet Market size was valued at 3.5 billion USD in 2023 and is projected to reach 6.8 billion USD by 2033, growing at a CAGR of 7.1% from 2024 to 2033. This report includes various market segments and analyzes the key trends and factors influencing market growth.
Rare-earth Bonded Magnet Market is an industry that progresses at a rapid pace and impacts numerous fields, including but not limited to, consumer electronics, automotive, and renewable energy sectors. Composed of elements such as neodymium and samarium, rare-earth magnets are well-known for their exceptional strength and stability, making them necessary to applications demanding superior materials. The importance of rare-earth bonded magnets in advanced technology innovation and efficiency is critical and is matched by no other.
More recently, the market has seen growth due to adoption in electric vehicles, wind turbines, and consumer electronics. Industries pursuing energy efficient solutions have escalated the demand for lightweight powerful magnetic apparatuses, strongly aligned with the current global transition to sustainable energy. Other sources also state rare-earth magnets enhance the performance of variable systems, driving demand even higher. For stakeholders who intend to leverage the opportunities provided by this astonishing segment, identifying the competitors, evolving concepts, and markets is extremely vital.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Hitachi Metals Ltd., Magnequench International Inc., Ningbo Yunsheng Co. Ltd., Shin-Etsu Chemical Co. Ltd., Toshiba Corporation, VACUUMSCHMELZE GmbH & Co. KG, Arnold Magnetic Technologies, Bunting Magnetics Co., Electron Energy Corporation, DMEGC Magnetics, China Northern Rare Earth Group High-Tech Co. Ltd. |
| SEGMENTS COVERED |
By Type - Neodymium Iron Boron (NdFeB), Samarium Cobalt (SmCo), Ferrite, Alnico, Other Types
By Application - Automotive, Consumer Electronics, Industrial Machinery, Healthcare, Energy
By Form Factor - Bonded Magnets, Sintered Magnets, Other Forms
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Rare-earth Bonded Magnet Market Dynamics
The Rare-earth Bonded Magnet Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Rare-earth Bonded Magnet Market Segmentations
Market Breakup by Type
- Overview
- Neodymium Iron Boron (NdFeB)
- Samarium Cobalt (SmCo)
- Ferrite
- Alnico
- Other Types
Market Breakup by Application
- Overview
- Automotive
- Consumer Electronics
- Industrial Machinery
- Healthcare
- Energy
Market Breakup by Form Factor
- Overview
- Bonded Magnets
- Sintered Magnets
- Other Forms
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Rare-earth Bonded Magnet Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Hitachi Metals Ltd.
- Magnequench International Inc.
- Ningbo Yunsheng Co. Ltd.
- Shin-Etsu Chemical Co. Ltd.
- Toshiba Corporation
- VACUUMSCHMELZE GmbH & Co. KG
- Arnold Magnetic Technologies
- Bunting Magnetics Co.
- Electron Energy Corporation
- DMEGC Magnetics
- China Northern Rare Earth Group High-Tech Co. Ltd.
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