Latin America Neodymium Magnet Market Set to Hit USD 705 Million by...

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2026-08-14 11:27:07 -

Latin America Neodymium Magnet Market Set to Hit USD 705 Million by 2034 at 6.5% CAGR

Global Latin America Neodymium Magnet market size was valued at USD 410 million in 2025. The market is projected to grow from USD 436 million in 2026 to USD 705 million by 2034, exhibiting a CAGR of 6.5% during the forecast period. Neodymium magnets are high‑strength rare‑earth permanent magnets composed primarily of neodymium, iron, and boron, and they are pivotal in electric motor assemblies,...

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