Permanent Magnet Market Key Players, Analysis and Business Insights Report 2024-2031
In 2023, the global market for permanent magnets achieved a valuation of USD 22.56 billion and is anticipated to grow substantially to USD 43.48 billion by 2031, with a CAGR of 8.5%. These magnets are integral to modern technologies across various sectors, including automotive, consumer electronics, and renewable energy, due to their superior magnetic properties. The market growth is fueled...
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