The global Strong Neodymium Rare Earth Magnet market size was estimated at USD 7471 million in 2023 and is projected to reach USD 12304.21 million by 2032, exhibiting a CAGR of 5.70% during the forecast period.
North America Strong Neodymium Rare Earth Magnet market size was estimated at USD 2141.60 million in 2023, at a CAGR of 4.89% during the forecast period of 2025 through 2032.
Market Segmentation (by Type)
Sintered Neodymium Magnet
Bonded Neodymium Magnet
Others
Market Segmentation (by Application)
EV (Electric Vehicle)
Automotive other than EV
Air Conditioning
Aerospace and Defense
Wind Energy
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