Experts Predict Surge in US Permanent Magnet Market by 2035

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2026-04-08 11:56:14 -

The US permanent magnet market is on an impressive trajectory, with a projected compound annual growth rate (CAGR) of 12.36% that could see its size swell from approximately $5.71 billion in 2024 to an estimated $20.56 billion by 2035. This robust growth reflects a broader shift towards renewable energy and electric vehicles, sectors that are increasingly reliant on advanced magnetic materials...

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