The Global Advanced Magnetic Materials Market was valued at US$ 23.5 billion in 2023 and is projected to reach US$ 45.8 billion by 2031, registering a CAGR of 8.7% during the forecast period 2024–2031. Market growth is primarily driven by increasing demand across electronics, automotive, renewable energy, and industrial applications, coupled with the rising adoption of electric vehicles...

Sustainability is becoming a defining theme in the Advanced Magnetic Materials Market, as industries strive to balance technological progress with environmental responsibility. These materials are crucial in enabling energy-efficient solutions across transportation, renewable energy, and electronics. Electric vehicles rely heavily on rare-earth magnets to deliver high torque and efficiency in...

The Advanced Magnetic Materials Market size  was valued at US$ 24.1 million in 2023. It is expected to grow to US$ 49.4 million by 2031, showing a CAGR of 9.4% during the forecast period from 2024 to 2031.The Advanced Magnetic Materials Market is growing because of the rising demand for electric vehicles, renewable energy systems, and consumer electronics. Improvements in magnet...