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With limited substitutes, these magnets have today become a significant part of a number of industries. Some of the industries include automotive, generators, motors, medical, aerospace, electronics, military, etc. According to a new report by Expert Market Research, the global rare earth magnet market reached a value of US$ 139.92 Million in 2019 and is further expected to reach US$ 198.48 Million by 2025.
Key findings from the report:
Expert Market Research has analysed the global rare earth magnet market according to magnet type, key application areas and major regions:
Market breakup by Magnet Type
Market breakup by Application
Market breakup by Region
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