Global and United States Rare Earth Magnets Market Report & Forecast 2022-2028

Rare-earth magnets are strong permanent magnets made from alloys of rare-earth elements. Developed in the 1970s and 1980s, rare-earth magnets are the strongest type of permanent magnets made, producing significantly stronger magnetic fields than other types such as ferrite or alnico magnets. The magnetic field typically produced by rare-earth magnets can exceed 1.4 teslas, whereas ferrite or ceramic magnets typically exhibit fields of 0.5 to 1 tesla. There are two types: neodymium magnets and samarium–cobalt magnets. Magnetostrictive rare-earth magnets such as Terfenol-D also have applications, e.g. in loudspeakers. Rare-earth magnets are extremely brittle and also vulnerable to corrosion, so they are usually plated or coated to protect them from breaking, chipping, or crumbling into powder.
Market Analysis and Insights: Global and United States Rare Earth Magnets Market
This report focuses on global and United States Rare Earth Magnets market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Rare Earth Magnets market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, by Type, Samarium Cobalt (SmCo) accounting for % of the Rare Earth Magnets global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, High Efficiency Motors was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
In United States the Rare Earth Magnets market size is expected to grow from US$ million in 2021 to US$ million by 2028, at a CAGR of % during the forecast period.
Global Rare Earth Magnets Scope and Market Size
Rare Earth Magnets market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Rare Earth Magnets market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Rare Earth Magnets market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Samarium Cobalt (SmCo)
Neodymium (Nd-Fe-B)
Segment by Application
High Efficiency Motors
Electronics
Turbine Generators
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Galaxy Magnetic
Adams Magnetic Products
Daido Electronics
Innuovo Magnetics
Yunsheng Company
AT&M
Magsuper
Earth- Panda
Master Magnetics