Rare Earth Magnets Market to Grow
According to the latest study by Persistence Market Research, the global rare earth magnets market is expected to be valued at 15.8 billion US-Dollar in 2026 and is projected to nearly double by 2033 reaching 30.4 billion US-Dollar. “This remarkable growth is primarily driven by increasing demand for electric mobility, expanding renewable energy infrastructure, rapid industrial automation, and continuous innovations in high-efficiency electronic devices,” the provider of this market report emphasized.
As countries worldwide would prioritize carbon neutrality and energy-efficient technologies, rare earth magnets are emerging as one of the most strategic materials supporting the next generation of clean energy and advanced manufacturing systems.
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(Published in GLOBAL RECYCLING Magazine 3/2026, Page 6)
