Next-Generation Mobility Solutions Drive Neodymium-Iron-Boron...

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2026-06-01 07:18:25 -

Next-Generation Mobility Solutions Drive Neodymium-Iron-Boron Permanent Magnet Market Expansion

The global Neodymium-Iron-Boron (NdFeB) permanent magnet market is expanding rapidly, driven by the growing demand for high-performance magnets in electric vehicles (EVs), renewable energy systems, consumer electronics, and industrial automation. According to Business Market Insights, the market was valued at USD 15.20 billion in 2024 and is expected to reach USD 29.12...

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