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Neodymium Iron Boron Magnet Market Size to Surpass USD 37.34 Billion by 2035 on EV and Renewable Energy Demand | SNS Insider
GlobeNewswire Inc.·
The global Neodymium Iron Boron (NdFeB) magnet market is projected to grow from USD 18.22 billion in 2025 to USD 37.34 billion by 2035, driven by increasing demand from electric vehicles and renewable energy sectors. The U.S. market is expected to reach USD 6.23 billion and Europe USD 9.26 billion by 2035. Asia Pacific dominates with 48.35% market share, while China controls 44.30% of the region due to its rare earth production dominance.
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