Bonded Rare Earth Magnets Market Revenue was valued at USD 4.5 Billion in 2024 and is estimated to reach USD 10.2 Billion by 2033, growing at a CAGR of 9.8% from 2026 to 2033.
The global bonded rare earth magnets market is witnessing significant growth due to the increasing demand for these materials in various industries, including automotive, electronics, and renewable energy. These magnets are manufactured using rare earth metals like neodymium, samarium-cobalt, and others, offering superior magnetic properties that make them ideal for use in electric motors, hard drives, and magnetic resonance imaging (MRI) machines. The market share of bonded rare earth magnets is expanding as the demand for energy-efficient solutions and compact designs rises. North America, Europe, and Asia-Pacific regions are leading the market, with Asia-Pacific holding the largest share due to the strong presence of manufacturing hubs in countries like China, Japan, and South Korea. As more industries transition toward clean energy solutions, the demand for bonded rare earth magnets is set to further increase, driving market growth globally.
The scope of the global bonded rare earth magnets market is broadening as new applications emerge in the fields of automotive and renewable energy. These magnets play a critical role in electric vehicle motors, wind turbine generators, and other renewable energy technologies, contributing to the push for cleaner energy solutions. As industries focus on reducing carbon emissions, bonded rare earth magnets are becoming essential components in energy-efficient products. Moreover, opportunities in the market are expanding with advancements in magnet production technology, allowing for cost-effective and scalable manufacturing processes. This has opened up new possibilities for small and medium enterprises to enter the market and cater to niche applications. The growing trend of miniaturization in electronic devices and the rise of electric mobility further enhance the potential of bonded rare earth magnets, creating a wealth of opportunities across various sectors.
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Galaxy Magnets
Zhong Ke San Huan Hi-Tech
Daido Electronics
IMA
Ningbo Yunsheng
Arnold Magnetic Technologies
TDK
MS-Schramberg
DMEGC
Sen Long Corporation
Jiangmen Magsource
AT & M
Sura Magnets
Thyssenkrupp
Bomatec Group
Evitron
Bunting Magnetics
Goudsmit Magnetics
Sinomag
Eclipse Magnetics
SDM Magnetics
BINIC Magnet
Yuxiang Magnetic
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Bonded Rare Earth Magnets Market
Bonded NdFeB (Neodymium-Iron-Boron) Magnets
Bonded SmCo (Samarium-Cobalt) Magnets
Injection Molding
Compression Bonding
3D Printing
Electronics
Automotive
Medical Devices
Renewable Energy
Industrial Machinery
Consumer Electronics
Aerospace and Defense
Healthcare
Telecommunication
Energy Sector
Disc Magnets
Cylindrical Magnets
Block Magnets
Custom Shapes
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Bonded Rare Earth Magnets Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Bonded Rare Earth Magnets Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bonded Rare Earth Magnets Market, By Type
6. Global Bonded Rare Earth Magnets Market, By Application
7. Global Bonded Rare Earth Magnets Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Bonded Rare Earth Magnets Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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