NdFeB Magnet Market Set to Hit USD 15.68 Billion by 2034 at 6.9% CAGR

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2026-07-06 09:36:19 -

Global NdFeB permanent magnetic material market size was valued at USD 8.75 billion in 2025. The market is projected to grow from USD 9.32 billion in 2026 to USD 15.68 billion by 2034, exhibiting a CAGR of approximately 6.9% during the forecast period. NdFeB (Neodymium-Iron-Boron) permanent magnetic materials are high-performance rare earth magnets known for their exceptional magnetic strength,...

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