Permanent Magnet Market worth $54.1 billion by 2026
The report " Permanent Magnet Market by Type (Neodymium Iron Boron Magnet, Ferrite Magnet, Samarium Cobalt Magnet), End-Use Industry (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy), and Region - Global Forecast to 2026" , is expected to grow from USD 34.4 billion in 2021 to USD 54.1 billion by 2026, at a CAGR of 9.5% during the forecast period. Increasing demand from the consumer electronics and automotive end-use industry is driving the growth of the market. Browse 236 market data Tables and 44 Figures spread through 235 Pages and in-depth TOC on "Permanent Magnet Market - Global Forecast to 2026" Neodymium iron boron magnets account for the largest share in terms of value in global permanent magnet market. Neodymium iron boron magnets account for the largest share in the global Permanent magnet market in terms of volume. Neodymium iron boron magnets are generally preferred for its su...