Europe Neodymium Magnet Market to Reach USD 1.5 Billion by 2034 at...

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2026-10-19 09:42:49 -

Europe Neodymium Magnet Market to Reach USD 1.5 Billion by 2034 at 7.1% CAGR as Electrified Mobility Supports Demand

The Europe neodymium magnet market serves electric traction, industrial motors, wind generators, automation and precision electronics. Sintered neodymium-iron-boron magnets offer high magnetic energy density, while plastic-bonded grades enable complex ring and sensor shapes. Europe has substantial end-product manufacturing but limited domestic rare-earth magnet production. According to...

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