2025–2032 Outlook for Rare Earth Magnets for Electric Vehicle : Unlocking New Frontiers in Chemical Innovation
Global Rare Earth Magnets for Electric Vehicle Market continues to demonstrate strong growth, with its valuation reaching USD 2.77 billion in 2023. According to the latest industry analysis, the market is projected to grow at a CAGR of 12.10%, reaching approximately USD 6.17 billion by 2032. This growth is largely fueled by increasing EV adoption, government incentives, and technological advancements in high-performance magnet applications.
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