Global Rare Earth Magnet Market to be Driven by ways in new applications like energy vehicles, intelligent manufacturing, etc., in the Forecast Period of 2021-2026

The new report by Claight Corporation titled, ‘Global Rare Earth Magnet Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global rare earth magnet market, assessing the market based on its segments like magnet type, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report [email protected] https://tinyurl.com/87xh267f

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 148.04 Million
  • Forecast CAGR (2021-2026): 7.0%
  • Forecast Market Size (2026): USD 196.25 Million

Neodymium magnets and samarium-cobalt magnets are two forms of rare earth magnets. Neodymium magnets have the strongest magnetic field and are the most magnetically stable, although their curie temperature is lower. Compared to neodymium magnets, samarium cobalt magnets have a lower magnetic field strength but a higher curie temperature.

The majority of global rare earth magnet volumes were made up of neodymium-iron-boron magnets in 2018.

Explore the full report with the table of [email protected] https://tinyurl.com/4cmf4mnm

Industry Definition and Major Segments

Based on magnet type, the market can be divided into:

  • Neodymium-Iron-Boron Magnet
  • Samarium-Cobalt Magnet

Based on application, the market can be divided into:

Latest Global News on Rare Earth Magnet [email protected] https://tinyurl.com/2p9ech99

Based on region, the market can be divided into:

  • China
  • United States
  • Europe
  • Others

China, Japan, Europe, the United States, and other regions are the largest markets for rare earth magnets.

Market Trends

According to the competitive landscape, the majority of competitors in the worldwide rare earth magnets market are based in China due to a reliable and cost-effective supply of essential raw materials. Other players can be found throughout the US, Europe, and Japan.

Key Market Players

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

By Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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