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$ 132 Million in 2018 and is further expected to reach US$ 189 Million by 2024.
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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"Global Rare Earth Magnet: By Region: China, Japan, Europe, United States; By Type: NdFeB, SmCo; By Application: Automotive Motors, Industrial Motors, HDD, CD, DVD, Electric Bicycles, Transducers and Loudspeakers; Industry Overview; Historical Supply and Demand (2014-2018); Supply and Demand Forecast (2019-2024); Competitive Landscape; Capital Investment; Operating Expenditures; Project Economics"
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