Global Permanent Magnet Market: Driving Force Behind...

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2025-06-09 08:50:30 -

Global Permanent Magnet Market: Driving Force Behind Tomorrow’s Technologies

Executive Summary The global permanent magnet market is witnessing rapid expansion, driven by breakthroughs in technology, the surge in electric vehicles (EVs), and a growing emphasis on energy efficiency. From consumer gadgets to wind turbines, permanent magnets are now indispensable across multiple industries. Composed mainly of neodymium (NdFeB), samarium-cobalt (SmCo), ferrite, and...

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