希土類磁石市場規模、シェア、動向、2030年までの世界予測

Rare Earth Magnets Market - Global Forecast to 2030

Rare Earth Magnets Market by Type (NdFeB, SmCo), Manufacturing Process (Sintered, Bonded), End-use Industry (Automotive, Consumer Electronics, Aerospace & Defense, Energy, Industrial, Other End-use Industries), and Region - Global Forecast to 2030

商品番号 : SMB-90894

出版社MarketsandMarkets
出版年月2025年11月
ページ数259
図表数299
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

希土類磁石市場 – タイプ(NdFeB、SmCo)、製造プロセス(焼結、接着)、最終用途産業(自動車、コンシューマーエレクトロニクス、航空宇宙および防衛、エネルギー、工業、その他の最終用途産業)、および地域別 – 2030年までの世界予測

希土類磁石市場は、2025年の219.8億米ドルから2030年には300.1億米ドルに拡大し、予測期間中に年平均成長率(CAGR)6.4%で成長すると予測されています。この市場は、主に民生用電子機器、風力タービン、電気自動車(EV)などの分野における需要の増加に牽引され、急速な成長が見込まれています。これらの磁石は、卓越した強度とエネルギー効率で高く評価されており、現代のテクノロジーに不可欠な軽量・コンパクトな設計を可能にします。

民生用電子機器では機器の小型化を支え、再生可能エネルギー分野では風力タービンの効率向上に貢献しています。さらに、電気自動車業界では、モーターとバッテリーの性能向上にこれらの磁石が活用されています。産業界がエネルギー効率と持続可能性の向上を目指す中で、希土類磁石はグリーンテクノロジーの発展において重要な役割を果たすでしょう。

本調査レポートは、希土類磁石市場を、種類(NdFeB、SmCo)、製造プロセス(焼結、接着)、最終用途産業(自動車、家電、エネルギー、工業、航空宇宙・防衛、その他)、地域(アジア太平洋、北米、欧州、南米、中東・アフリカ)に基づいて分類しています。レポートは、希土類磁石市場の成長に影響を与える推進要因、制約要因、課題、機会に関する詳細な情報を網羅しています。主要業界プレーヤーの詳細な分析により、事業概要、提供製品、そして希土類磁石市場に関連する主要戦略(パートナーシップ、コラボレーション、製品発売、事業拡大、買収など)に関する洞察を提供しています。本レポートは、希土類磁石市場エコシステムにおける新興企業の競争力分析も網羅しています。

本レポートは、市場リーダーおよび新規参入企業に対し、希土類磁石市場全体および各サブセグメントの収益数値に関する近似値を提供します。本レポートは、ステークホルダーが競争環境を理解し、事業のポジショニングを改善するための洞察を深め、適切な市場開拓戦略を策定するのに役立ちます。また、市場の動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供するのに役立ちます。

本レポートでは、以下の点について洞察を提供しています。

  • 主要な推進要因(電動モビリティの成長、風力エネルギーの拡大、サプライチェーンの安全性確保への取り組み)、制約要因(原材料価格の変動、希土類磁石の環境影響)、機会(希土類磁石生産の多様化、希土類磁石のリサイクル、新興用途における需要の増加)、課題(規制および貿易上の障壁、規模拡大、インフラおよび資本コスト)の分析。
  • 製品開発/イノベーション:希土類磁石市場における今後の技術、研究開発活動、製品・サービスの投入に関する詳細な洞察。
  • 市場開発:収益性の高い市場に関する包括的な情報。本レポートでは、様々な地域における希土類磁石市場を分析しています。
  • 市場の多様化:希土類磁石市場における新製品・サービス、未開拓地域、最近の動向、投資に関する包括的な情報。
  • 競合評価:プロテリアル株式会社(日本)、信越化学工業株式会社(日本)、TDK株式会社(日本)、VACUUMSCHMELZE(ドイツ)、JL MAG Rare-Earth Co., Ltd.(中国)、北京中科三環高科有限公司(中国)、Arnold Magnetic Technologies(米国)、Neo Performance Materials(カナダ)、Ningbo Yunsheng Co., Ltd.(中国)、Adams Magnetic Products(米国)などの主要企業の市場シェア、成長戦略、サービス提供の詳細な評価。

Report Overview

The rare earth magnets market is projected to grow from USD 21.98 billion in 2025 to USD 30.01 billion by 2030, at a CAGR of 6.4% during the forecast period. This market is set for rapid growth, primarily driven by rising demand in sectors like consumer electronics, wind turbines, and electric vehicles (EVs). These magnets are renowned for their exceptional strength and energy efficiency, enabling lightweight and compact designs essential for modern technology.

In consumer electronics, they support the miniaturization of devices, while in renewable energy, they enhance the efficiency of wind turbines. Additionally, the electric vehicle industry relies on these magnets for improved motor and battery performance. As industries move toward greater energy efficiency and sustainability, rare earth magnets will play a crucial role in advancing green technology.

希土類磁石市場規模、シェア、動向、2030年までの世界予測
Rare Earth Magnets Market – Global Forecast to 2030

“The NdFeB segment projected to be the faster-growing market during the forecast period.”

In the next years, it is estimated that neodymium-iron-boron (NdFeB) magnets will account for the largest percentage of the increase of the rare earth magnets market. This is basically due to their exceptionally strong magnetic power and high-performance application efficiency. The industry expansion is attributed to the usage of such magnets in consumer electronic devices, robots, wind turbines, and electric vehicles. Consequently, driven by the worldwide shift to clean energy and electrification, durable and light magnets such as NdFeB are gaining a significant share in the motors and generators.

希土類磁石市場規模、シェア、動向、2030年までの世界予測 - by end-use industry
Rare Earth Magnets Market – Global Forecast to 2030 – by end-use industry

“The sintered segment is projected to be the larger segment during the forecast period.”

The sintered manufacturing process for rare earth magnets is widely used because it produces magnets that are stronger, more stable at higher temperatures, and have a more uniform structure than bonded magnets. This method lets manufacturers control the alignment of grains in the magnets, resulting in better magnetic performance. Sintering works well for high-performance uses like electric vehicles, wind turbines, and industrial motors, making it the top choice worldwide.

“The automotive segment market is projected to have the fastest growth during the forecast period.”

The rare earth magnets have an increasingly rapid application in the automotive end-use industry. The employment of rare earth magnets in the automobile sector is increasing as a result of the fast change to electric and hybrid vehicles. Such magnets, particularly the NdFeB kinds, are the main source of the high-performance electric motors. They offer improved power density, efficiency, and volume. These enable lighter designs, enhance energy efficiency, and facilitate the use of features such as regenerative braking and power steering, thus, they become indispensable for the new mobility systems.

希土類磁石市場規模、シェア、動向、2030年までの世界予測 - 地域
Rare Earth Magnets Market – Global Forecast to 2030 – region

“In terms of value, the Asia Pacific rare earth magnets market is projected to grow at the highest CAGR during the forecast period.”

Asia Pacific is estimated to lead the global market of rare earth magnets because of its manufacturing base mainly in China, Japan, and South Korea, where both producers and end-use industries are located. The fast industrialization and electric vehicle (EV) revolution in the area, particularly in China, creates an enormous demand for rare earth magnets. The consumption is further intensified by the booming electronics and renewable energy sectors. The growth is backed by government policies aimed at clean energy and electric mobility. Besides, China’s plentiful rare earth resources and its strong refining capabilities make the region very competitive worldwide.

  • By Company Type: Tier 1: 55%, Tier 2: 30%, and Tier 3: 15%
  • By Designation: C-level Executives: 30%, Directors: 25%, and Other Designations: 45%
  • By Region: North America: 27%, Europe: 20%, Asia Pacific: 33%, South America: 12%, and Middle East & Africa 8%

Notes: Other designations include sales, marketing, and product managers

Tier 1: Greater than USD 1 billion; Tier 2: Between USD 500 million and USD 1 billion; and Tier 3: Lesser than USD 500 million

希土類磁石市場規模、シェア、動向、2030年までの世界予測 - 対象企業
Rare Earth Magnets Market – Global Forecast to 2030 – ecosystem

Companies Covered: Proterial, Ltd. (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), TDK Corporation (Japan), VACUUMSCHMELZE (Germany), JL MAG Rare-Earth Co., Ltd. (China), Beijing Zhong Ke San Huan High-Tech Co., Ltd. (China), Arnold Magnetic Technologies  (US), Neo Performance Materials (Canada), Ningbo Yunsheng Co., Ltd. (China), and Adams Magnetic Products (US), among others, are covered in the report.

The study includes an in-depth competitive analysis of these key players in the rare earth magnets market, with their company profiles, recent developments, and key market strategies.

Research Coverage

This research report categorizes the rare earth magnets market based on type (NdFeB, SmCo), manufacturing process (sintered, bonded), end-use industry (automotive, consumer electronics, energy, industrial, aerospace & defense, others), and region (Asia Pacific, North America, Europe, South America, and the Middle East & Africa). The report’s scope covers detailed information regarding the drivers, restraints, challenges, and opportunities influencing the growth of the rare earth magnets market. A detailed analysis of the key industry players has been done to provide insights into their business overview, products offered, and key strategies, such as partnerships, collaborations, product launches, expansions, and acquisitions, associated with the rare earth magnets market. This report covers a competitive analysis of upcoming startups in the rare earth magnets market ecosystem.

Reasons to Buy the Report

The report will offer the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall rare earth magnets market and the subsegments. This report will help stakeholders understand the competitive landscape, gain more insights into positioning their businesses better, and plan suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following points:

  • Analysis of key drivers (electric mobility growth, expansion of wind energy, push for supply chain security), restraints (raw material price volatility, environmental effects of rare earth magnets), opportunities (diversification in rare earth magnets production, recycled rare earth magnets, growing demand in emerging applications), and challenges (regulatory and trade obstacles, scaling, infrastructure & capital costs).
  • Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product & service launches in the rare earth magnets market.
  • Market Development: Comprehensive information about profitable markets – the report analyzes the rare earth magnets market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the rare earth magnets market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Proterial, Ltd. (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), TDK Corporation (Japan), VACUUMSCHMELZE (Germany), JL MAG Rare-Earth Co., Ltd. (China), Beijing Zhong Ke San Huan High-Tech Co., Ltd. (China), Arnold Magnetic Technologies (US), Neo Performance Materials (Canada), Ningbo Yunsheng Co., Ltd. (China), and Adams Magnetic Products (US).

Table of Contents

1          INTRODUCTION  26

1.1        STUDY OBJECTIVES       26

1.2        MARKET DEFINITION        26

1.3        MARKET SCOPE 27

1.3.1      RARE EARTH MAGNETS MARKET SEGMENTATION AND REGIONAL SCOPE          27

1.3.2      INCLUSIONS AND EXCLUSIONS     28

1.3.3      YEARS CONSIDERED       28

1.4        CURRENCY CONSIDERED 29

1.5        UNITS CONSIDERED        29

1.6        LIMITATIONS      29

1.7        STAKEHOLDERS 29

2          RESEARCH METHODOLOGY         30

2.1        RESEARCH DATA            30

2.1.1      SECONDARY DATA         30

2.1.1.1    Key data from secondary sources    31

2.1.1.2    List of secondary sources  31

2.1.2      PRIMARY DATA  31

2.1.2.1    Key primary participants    32

2.1.2.2    Key data from primary sources        32

2.1.2.3    Breakdown of interviews with experts           32

2.1.2.4    Key industry insights         33

2.2        MARKET SIZE ESTIMATION           33

2.2.1      TOP-DOWN APPROACH  34

2.2.2      BOTTOM-UP APPROACH 34

2.3        BASE NUMBER CALCULATION      34

2.3.1      SUPPLY-SIDE APPROACH           35

2.4        GROWTH FORECAST       36

2.5        DATA TRIANGULATION    36

2.6        RESEARCH ASSUMPTIONS           37

2.7        FACTOR ANALYSIS         37

2.8        RESEARCH LIMITATIONS  38

2.9        RISK ASSESSMENT          38

3          EXECUTIVE SUMMARY     39

4          PREMIUM INSIGHTS         43

4.1        ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN RARE EARTH MAGNETS MARKET           43

4.2        RARE EARTH MAGNETS MARKET, BY TYPE 43

4.3        RARE EARTH MAGNETS MARKET, BY MANUFACTURING PROCESS          44

4.4        RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY            44

4.5        ASIA PACIFIC: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY & COUNTRY    45

4.6        RARE EARTH MAGNETS MARKET, BY KEY COUNTRIES            45

5          MARKET OVERVIEW         46

5.1        INTRODUCTION  46

5.1.1      DRIVERS            47

5.1.1.1    Electric mobility growth     47

5.1.1.1.1  Expansion of wind energy   48

5.1.1.2    Push for supply chain security        49

5.1.2      RESTRAINTS      49

5.1.2.1    Raw material price volatility            49

5.1.2.2    Environmental effects of rare earth magnets  49

5.1.3      OPPORTUNITIES 50

5.1.3.1    Diversification in rare earth magnets production         50

5.1.3.2    Recycled rare earth magnets          50

5.1.3.3    Growing demand in emerging applications      51

5.1.4      CHALLENGES     51

5.1.4.1    Regulatory and trade obstacles       51

5.1.4.2    Scaling, infrastructure & capital costs           52

5.2        UNMET NEEDS AND WHITE SPACES          52

5.2.1      SUPPLY CHAIN DIVERSIFICATION AND SECURITY   52

5.2.2      HEAVY RARE EARTH ELEMENT AVAILABILITY         52

5.2.3      MINIATURIZATION AND PERFORMANCE OPTIMIZATION            53

5.2.4      SUSTAINABILITY AND RESOURCE ALTERNATIVES   53

5.3        INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES 53

5.3.1      INTERCONNECTED MARKETS       53

5.3.2      CROSS-SECTOR OPPORTUNITIES 54

5.4        STRATEGIC MOVES BY TIER 1/2/3 PLAYERS         54

5.4.1      TIER 1 PLAYERS: GLOBAL LEADERS DRIVING EXPANSION AND INNOVATION           54

5.4.1.1    Proterial, Ltd.’s product innovation   54

5.4.1.2    TDK Corporation invests in closed-loop metal extraction process            55

5.4.2      TIER 2 PLAYERS: REGIONAL INNOVATORS AND NICHE LEADERS           55

5.4.2.1    JL MAG Rare-Earth Co., Ltd.’s potential expansion     55

5.4.2.2    Neo Performance Materials’ expansion of manufacturing facility in Europe   55

5.4.3      TIER 3 PLAYERS: AGILE INNOVATORS AND RECYCLING TECHNOLOGIES  55

5.4.3.1    M2M Magnet-to-Magnet recycling process of Noveon Magnetics Inc.        55

5.4.3.2    Circular process of recycling by Rarearth S.r.l 55

6          INDUSTRY TRENDS         56

6.1        TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            56

6.2        PRICING ANALYSIS         57

6.2.1      AVERAGE SELLING PRICE OF KEY PLAYERS, BY TYPE            57

6.2.2      AVERAGE SELLING PRICE TREND, BY REGION        58

6.3        VALUE CHAIN ANALYSIS  59

6.4        ECOSYSTEM ANALYSIS   60

6.5        TRADE ANALYSIS           61

6.5.1      IMPORT DATA (HS CODE 850519)  61

6.5.2      EXPORT DATA (HS CODE 850519) 63

6.6        KEY CONFERENCES AND EVENTS, 2025     64

6.7        PORTER’S FIVE FORCES’ ANALYSIS          64

6.7.1      THREAT OF NEW ENTRANTS        65

6.7.2      THREAT OF SUBSTITUTES           66

6.7.3      BARGAINING POWER OF SUPPLIERS         66

6.7.4      BARGAINING POWER OF BUYERS  66

6.7.5      INTENSITY OF COMPETITIVE RIVALRY       66

6.8        CASE STUDY ANALYSIS   66

6.8.1      ENHANCING ELECTRIC MOTOR EFFICIENCY WITH VAC’S ADVANCED MAGNETIC MATERIALS           66

6.8.2      HEAVY RARE EARTH-FREE MAGNETS FOR EVS: PROTERIAL’S NMX SERIES           67

6.8.3      SUSTAINABLE RARE EARTH MAGNETS THROUGH NOVEON’S ECOFLUX MAGNETS        67

6.9        MACROECONOMIC ANALYSIS       68

6.9.1      INTRODUCTION  68

6.9.2      GDP TRENDS AND FORECASTS    68

6.9.3      EXPANSION OF RENEWABLE ENERGY INFRASTRUCTURE            69

6.9.4      ELECTRIFICATION OF GLOBAL VEHICLE FLEET      70

6.10       INVESTMENT AND FUNDING SCENARIO     71

6.11       IMPACT OF 2025 US TARIFF ON RARE EARTH MAGNETS MARKET 72

6.11.1     INTRODUCTION  72

6.11.2     KEY TARIFF RATES         72

6.11.3     PRICE IMPACT ANALYSIS 73

6.11.4     KEY IMPACT ON COUNTRIES/REGIONS      73

6.11.4.1  US        73

6.11.4.2  Europe   73

6.11.4.3  Asia Pacific        74

6.11.5     IMPACT ON END-USE SECTORS   74

6.12      STRATEGIC DISRUPTION THROUGH TECHNOLOGY, PATENTS, DIGITAL,

AND AI ADOPTIONS        75

6.12.1     KEY TECHNOLOGIES       75

6.12.1.1  Laser powder bed fusion (LPBF) technology   75

6.12.1.2  Hydrogenation disproportionation desorption and

recombination (HDDR)       75

6.12.2     COMPLEMENTARY TECHNOLOGIES           76

6.12.2.1  Grain boundary diffusion technology 76

6.13       TECHNOLOGY/PRODUCT ROADMAP         76

6.13.1     SHORT-TERM (2025–2027) | INITIAL GROWTH AND DIGITAL INTEGRATION PHASE      76

6.13.2     MID-TERM (2027–2030): MATERIAL INNOVATION AND SUSTAINABILITY EXPANSION PHASE         77

6.13.3     LONG-TERM (2030–2035+): INTEGRATED ECOSYSTEM AND

NEXT-GENERATION MATERIALS PHASE     77

6.14       PATENT ANALYSIS          78

6.14.1     INTRODUCTION  78

6.14.2     APPROACH        78

6.14.3     DOCUMENT TYPE           78

6.14.4     JURISDICTION ANALYSIS 79

6.14.5     TOP APPLICANTS           80

6.15       FUTURE APPLICATIONS  82

6.15.1     ADVANCED HIGH-EFFICIENCY MOTORS AND GENERATORS (ELECTRIC VEHICLES & WIND TURBINES)   82

6.15.2     MINIATURIZED MAGNETIC ACTUATORS & SENSORS (CONSUMER ELECTRONICS, IOT, MEDICAL DEVICES)           83

6.15.3     WIRELESS POWER TRANSFER & MAGNETIC LEVITATION SYSTEMS (AUTONOMOUS VEHICLES, URBAN MOBILITY)      83

6.15.4     DATA STORAGE AND COMPUTATIONAL MAGNETICS (SPINTRONICS & MAGNETIC MEMORY)      84

6.16       IMPACT OF AI/GEN AI ON RARE EARTH MAGNETS MARKET            84

6.16.1     TOP USE CASES AND MARKET POTENTIAL            84

6.16.2     BEST PRACTICES IN RARE EARTH MAGNETS PROCESSING            85

6.16.3     CASE STUDIES OF AI IMPLEMENTATION IN RARE EARTH MAGNETS MARKET         85

6.16.4     INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS          85

6.16.5     CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN RARE EARTH MAGNETS MARKET           86

6.17       SUCCESS STORIES AND REAL-WORLD APPLICATIONS            86

6.17.1     PROTERIAL HIGH-PERFORMANCE HEAVY-RARE-EARTH-FREE NEODYMIUM SINTERED MAGNETS     86

6.17.2     HEAVY RARE EARTH-FREE MAGNETS DEVELOPMENT            86

6.17.3     VERSATILE NDFEB MAGNET GRADES FOR BROAD INDUSTRIAL APPLICATION           86

7          SUSTAINABILITY AND REGULATORY LANDSCAPE   87

7.1        REGIONAL REGULATIONS AND COMPLIANCE         87

7.1.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS  87

7.1.2      INDUSTRY STANDARDS   90

7.2        SUSTAINABILITY INITIATIVES        91

7.2.1      CIRCULAR ECONOMY AND RECYCLING INITIATIVES 91

7.2.1.1    Magnet-to-magnet recycling technologies     91

7.2.1.2    Circular supply chains and industrial implementation    91

7.2.1.3    Closed-loop magnet lifecycle projects          91

7.3        CERTIFICATIONS, LABELING, ECO-STANDARDS      92

7.4        CUSTOMER LANDSCAPE AND BUYER BEHAVIOUR  92

7.5        DECISION-MAKING PROCESS       93

7.6        BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA            93

7.6.1      KEY STAKEHOLDERS IN BUYING PROCESS 93

7.6.2      BUYING CRITERIA           94

7.7        ADOPTION BARRIERS & INTERNAL CHALLENGES    95

7.8        UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES            95

7.9        MARKET PROFITABILITY  96

7.9.1      REVENUE POTENTIAL      96

7.9.2      COST DYNAMICS 96

7.9.3      MARGIN OPPORTUNITIES, BY END-USE INDUSTRIES            96

8          RARE EARTH MAGNETS MARKET, BY TYPE 97

8.1        INTRODUCTION  98

8.2        NEODYMIUM-IRON-BORON MAGNET         99

8.2.1      RISING ELECTRIFICATION AND CLEAN ENERGY TRANSITION DRIVING ADOPTION        99

8.3        SAMARIUM-COBALT MAGNET      100

8.3.1      STRATEGIC MATERIAL POLICIES AND DEMAND IN HIGH-TEMPERATURE APPLICATIONS TO PROPEL MARKET GROWTH            100

9          RARE EARTH MAGNETS MARKET, BY MANUFACTURING PROCESS          102

9.1        INTRODUCTION  103

9.2        SINTERED          104

9.2.1      DEMAND FOR HIGH PERFORMANCE AND DURABILITY FUELING ADOPTION        104

9.3        BONDED            104

9.3.1      GROWING DEMAND IN EVOLVING END-USE APPLICATIONS TO

SUPPORT MARKET GROWTH        104

10         RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY            106

10.1       INTRODUCTION  107

10.2       AUTOMOTIVE     108

10.2.1     GROWTH IN ELECTRIC VEHICLES TO DRIVE MARKET GROWTH           108

10.3       CONSUMER ELECTRONICS           109

10.3.1     INCREASING DEMAND FOR CONSUMER ELECTRONICS TO DRIVE MARKET GROWTH 109

10.4       AEROSPACE & DEFENSE  111

10.4.1     EXPANSION OF AEROSPACE & DEFENSE SECTOR INCREASING ADOPTION OF HIGH-POWER RARE EARTH MAGNETS            111

10.5       INDUSTRIAL       112

10.5.1     GROWING AUTOMATION IN MANUFACTURING TO DRIVE MARKET GROWTH           112

10.6       ENERGY 113

10.6.1     INCREASE IN OFFSHORE WIND ENERGY TO DRIVE MARKET GROWTH           113

10.7       OTHER END-USE INDUSTRIES      114

11         RARE EARTH MAGNETS MARKET, BY REGION         116

11.1       INTRODUCTION  117

11.2       ASIA PACIFIC     119

11.2.1     CHINA   122

11.2.1.1  Availability of vast rare earth deposits to drive market 122

11.2.2     JAPAN  123

11.2.2.1  Government-supported initiatives for domestic production to

drive market        123

11.2.3     INDIA     125

11.2.3.1  Rapid expansion of EVs and government incentives to drive market   125

11.2.4     SOUTH KOREA   127

11.2.4.1  Expansion of automotive industry to support market growth            127

11.2.5     INDONESIA         129

11.2.5.1  Government push toward electric vehicle adoption and

carbon reduction to drive market     129

11.2.6     REST OF ASIA PACIFIC    131

11.3       EUROPE 133

11.3.1     GERMANY          136

11.3.1.1  Expansion of wind energy and increase in EVs to drive market growth   136

11.3.2     FRANCE 139

11.3.2.1  Rare earth magnets recycling initiatives to support market growth            139

11.3.3     ITALY    141

11.3.3.1  Growth in wind energy sector to increase demand       141

11.3.4     UK        143

11.3.4.1  Expansion of automotive and energy industries to

boost market growth         143

11.3.5     REST OF EUROPE           145

11.4       NORTH AMERICA 147

11.4.1     US        149

11.4.1.1  Government initiatives to propel market growth          149

11.4.2     CANADA            151

11.4.2.1  Investments in offshore wind energy development to drive market            151

11.4.3     MEXICO 153

11.4.3.1  Expanding automotive and EV manufacturing base to drive growth            153

11.5       MIDDLE EAST & AFRICA   155

11.5.1     GCC COUNTRIES 157

11.5.1.1  Saudi Arabia        159

11.5.1.1.1            Growth in wind energy and EV manufacturing to

drive market growth          159

11.5.1.2  UAE      161

11.5.1.2.1            “Make it in the Emirates” initiative to

support market growth      161

11.5.1.3  Rest of GCC Countries     163

11.5.2     SOUTH AFRICA  165

11.5.2.1  Rising adoption of EVs to drive market growth            165

11.5.3     REST OF MIDDLE EAST & AFRICA 167

11.6       SOUTH AMERICA 169

11.6.1     BRAZIL  171

11.6.1.1  Initiatives to develop rare earth elements industry to

support market growth      171

11.6.2     ARGENTINA        173

11.6.2.1  Government’s focus on expansion of automotive industry to

drive growth        173

11.6.3     REST OF SOUTH AMERICA           174

12         COMPETITIVE LANDSCAPE          177

12.1       OVERVIEW         177

12.2       KEY PLAYERS’ STRATEGIES/RIGHT TO WIN           177

12.3       REVENUE ANALYSIS        179

12.4       MARKET SHARE ANALYSIS           179

12.5       COMPANY VALUATION AND FINANCIAL METRICS    181

12.5.1     COMPANY VALUATION    181

12.5.2     FINANCIAL METRICS       181

12.6       BRAND/PRODUCT COMPARISON  182

12.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024            183

12.7.1     STARS  183

12.7.2     EMERGING LEADERS       183

12.7.3     PERVASIVE PLAYERS      183

12.7.4     PARTICIPANTS   183

12.7.5     COMPANY FOOTPRINT: KEY PLAYERS, 2024           185

12.7.5.1  Company footprint           185

12.7.5.2  Region footprint   186

12.7.5.3  Type footprint     187

12.7.5.4  Manufacturing process footprint      187

12.7.5.5  End-use industry footprint 188

12.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024            188

12.8.1     PROGRESSIVE COMPANIES          188

12.8.2     RESPONSIVE COMPANIES            188

12.8.3     DYNAMIC COMPANIES     189

12.8.4     STARTING BLOCKS         189

12.8.5     COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024            190

12.8.5.1  Detailed list of key startups/SMEs   190

12.8.5.2  Competitive benchmarking of key startups/SMEs        191

12.9       COMPETITIVE SCENARIO 192

12.9.1     PRODUCT LAUNCHES     192

12.9.2     DEALS   193

12.9.3     EXPANSIONS      196

12.9.4     OTHER DEVELOPMENTS  198

13         COMPANY PROFILES       199

13.1       KEY PLAYERS    199

13.1.1     PROTERIAL, LTD.            199

13.1.1.1  Business overview            199

13.1.1.2  Products/Solutions/Services offered           199

13.1.1.3  Recent developments        200

13.1.1.3.1            Product launches 200

13.1.1.3.2            Expansions          200

13.1.1.4  MnM view           201

13.1.1.4.1            Right to win        201

13.1.1.4.2            Strategic choices 201

13.1.1.4.3            Weaknesses and competitive threats 201

13.1.2     SHIN-ETSU CHEMICAL CO., LTD.   202

13.1.2.1  Business overview            202

13.1.2.2  Products/Solutions/Services offered           204

13.1.2.3  Recent developments        204

13.1.2.3.1            Deals     204

13.1.2.4  MnM view           204

13.1.2.4.1            Right to win        204

13.1.2.4.2            Strategic choices 205

13.1.2.4.3            Weaknesses and competitive threats 205

13.1.3     TDK CORPORATION        206

13.1.3.1  Business overview            206

13.1.3.2  Products/Solutions/Services offered           207

13.1.3.3  Recent developments        208

13.1.3.3.1            Deals     208

13.1.3.4  MnM view           208

13.1.3.4.1            Right to win        208

13.1.3.4.2            Strategic choices 208

13.1.3.4.3            Weaknesses and competitive threats 209

13.1.4     VACUUMSCHMELZE        210

13.1.4.1  Business overview            210

13.1.4.2  Products/Solutions/Services offered           210

13.1.4.3  Recent developments        211

13.1.4.3.1            Product launches 211

13.1.4.3.2            Deals     211

13.1.4.4  MnM view           213

13.1.4.4.1            Right to win        213

13.1.4.4.2            Strategic choices 213

13.1.4.4.3            Weaknesses and competitive threats 213

13.1.5     JL MAG RARE-EARTH CO., LTD.    214

13.1.5.1  Business overview            214

13.1.5.2  Products/Solutions/Services offered           215

13.1.5.3  Recent developments        215

13.1.5.3.1            Deals     215

13.1.5.3.2            Expansions          215

13.1.5.4  MnM view           216

13.1.5.4.1            Right to win        216

13.1.5.4.2            Strategic choices 216

13.1.5.4.3            Weaknesses and competitive threats 216

13.1.6     BEIJING ZHONG KE SAN HUAN HI-TECH CO., LTD.   217

13.1.6.1  Business overview            217

13.1.6.2  Products/Solutions/Services offered           218

13.1.6.3  Recent developments        219

13.1.6.3.1            Expansions          219

13.1.6.4  MnM view           219

13.1.6.4.1            Right to win        219

13.1.6.4.2            Strategic choices 219

13.1.6.4.3            Weaknesses and competitive threats 219

13.1.7     ARNOLD MAGNETIC TECHNOLOGIES         220

13.1.7.1  Business overview            220

13.1.7.2  Products/Solutions/Services offered           220

13.1.7.3  Recent developments        221

13.1.7.3.1            Deals     221

13.1.7.3.2            Expansions          221

13.1.7.4  MnM view           221

13.1.8     NEO PERFORMANCE MATERIALS  222

13.1.8.1  Business overview            222

13.1.8.2  Products/Solutions/Services offered           223

13.1.8.3  Recent developments        224

13.1.8.3.1            Deals     224

13.1.8.3.2            Expansions          225

13.1.8.3.3            Others   226

13.1.8.4  MnM view           226

13.1.9     NINGBO YUNSHENG CO., LTD.      227

13.1.9.1  Business overview            227

13.1.9.2  Products/Solutions/Services offered           229

13.1.9.3  Recent developments        229

13.1.9.3.1            Deals     229

13.1.9.3.2            Expansions          230

13.1.9.4  MnM view           230

13.1.10   ADAMS MAGNETIC PRODUCTS     231

13.1.10.1 Business overview            231

13.1.10.2 Products/Solutions/Services offered           231

13.1.10.3 Recent developments        232

13.1.10.3.1           Product launches 232

13.1.10.3.2           Others   232

13.1.10.4 MnM view           232

13.1.11   YANTAI ZHENGHAI MAGNETIC MATERIAL CO., LTD. 233

13.1.11.1 Business overview            233

13.1.11.2 Products/Solutions/Services offered           234

13.1.11.3 Recent developments        235

13.1.11.3.1           Deals     235

13.1.11.3.2           Expansions          235

13.1.11.4 MnM view           235

13.2       OTHER PLAYERS 236

13.2.1     NOVEON MAGNETICS INC.            236

13.2.2     STANFORD MAGNETS     237

13.2.3     PERMAG            238

13.2.4     GOUDSMIT MAGNETICS   239

13.2.5     BAKKER MAGNETICS BV  240

13.2.6     RAREARTH S.R.L. 241

13.2.7     BAOTOU TIANHE MAGNETICS TECHNOLOGY CO., LTD.            242

13.2.8     BELOH MAGNETSYSTEME GMBH & CO. KG 243

13.2.9     EARTH-PANDA ADVANCED MAGNETIC MATERIAL CO., LTD.            244

13.2.10   VULCAN ELEMENTS        245

13.2.11   DAIDO ELECTRONICS CO., LTD.    246

13.2.12   ABM MAGNETICS CO., LTD.          247

13.2.13   DURA MAGNETS PVT. LTD.           248

13.2.14   MAGSUPER(DONGGUAN)CORP.    249

13.2.15   HANGZHOU PERMANENT MAGNET GROUP, LTD.     250

14         APPENDIX          251

14.1       DISCUSSION GUIDE         251

14.2       CUSTOMIZATION OPTIONS          255

14.3       RELATED REPORTS        255

14.4       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL  256

14.5       AUTHOR DETAILS           258

LIST OF TABLES

TABLE 1 AVERAGE SELLING PRICE OF RARE EARTH MAGNETS OFFERED

BY KEY PLAYERS, BY TYPE, 2024 (USD/KG)           57

TABLE 2 AVERAGE SELLING PRICE TREND OF RARE EARTH MAGNETS, BY REGION,

2023–2030 (USD/KG)       58

TABLE 3 RARE EARTH MAGNETS MARKET: ROLE OF COMPANIES IN ECOSYSTEM      61

TABLE 4 IMPORT DATA FOR HS CODE 850519-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)           62

TABLE 5 EXPORT DATA FOR HS CODE 850519-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)           63

TABLE 6 RARE EARTH MAGNETS MARKET: KEY CONFERENCES AND EVENTS, 2025     64

TABLE 7 RARE EARTH MAGNETS MARKET: IMPACT OF PORTER’S FIVE FORCES 65

TABLE 8 WORLD GDP ANNUAL PERCENTAGE CHANGE OF ADVANCED ECONOMIES,

2024–2026          68

TABLE 9 WORLD GDP ANNUAL PERCENTAGE CHANGE OF EMERGING MARKETS AND DEVELOPING ECONOMIES, 2024–2026          69

TABLE 10           SHARE OF PRIMARY ENERGY CONSUMPTION FROM RENEWABLE SOURCES, 2023        70

TABLE 11           % SHARE OF NEW ELECTRIC CAR SALES, 2015 TO 2024      71

TABLE 12           KEY TARIFF RATES, 2025 72

TABLE 13           RARE EARTH MAGNETS MARKET: TOTAL NUMBER OF PATENTS, 2014–2024  78

TABLE 14           KEY PATENTS, 2021–2024 80

TABLE 15           TOP USE CASES AND MARKET POTENTIAL            84

TABLE 16           BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES  85

TABLE 17           RARE EARTH MAGNETS MARKET: CASE STUDIES RELATED TO GEN AI IMPLEMENTATION     85

TABLE 18           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS       87

TABLE 19           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS       88

TABLE 20           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS       88

TABLE 21           SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS       89

TABLE 22           MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS       90

TABLE 23           GLOBAL INDUSTRY STANDARDS IN RARE EARTH MAGNETS MARKET         90

TABLE 24           CERTIFICATIONS, LABELING, ECO-STANDARDS IN RARE EARTH MAGNETS MARKET  92

TABLE 25           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR

TOP THREE END-USE INDUSTRIES            94

TABLE 26           KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES       94

TABLE 27           UNMET NEEDS IN RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY   95

TABLE 28           RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION)        98

TABLE 29           RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)  99

TABLE 30           RARE EARTH MAGNETS MARKET, NEODYMIUM-IRON-BORON MAGNET, BY REGION, 2023–2030 (USD MILLION)            100

TABLE 31           RARE EARTH MAGNETS MARKET, NEODYMIUM-IRON-BORON MAGNET, BY REGION, 2023–2030 (KILOTON)   100

TABLE 32           RARE EARTH MAGNETS MARKET, SAMARIUM-COBALT MAGNET, BY REGION, 2023–2030 (USD MILLION)     101

TABLE 33           RARE EARTH MAGNETS MARKET, SAMARIUM-COBALT MAGNET, BY REGION, 2023–2030 (KILOTON)          101

TABLE 34           RARE EARTH MAGNETS MARKET, BY MANUFACTURING PROCESS,

2023–2030 (USD MILLION) 103

TABLE 35           RARE EARTH MAGNETS MARKET, BY MANUFACTURING PROCESS,

2023–2030 (KILOTON)      104

TABLE 36           RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 107

TABLE 37           RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY, 2023–2030 (KILOTON)  108

TABLE 38           RARE EARTH MAGNETS MARKET, AUTOMOTIVE, BY REGION,

2023–2030 (USD MILLION) 109

TABLE 39           RARE EARTH MAGNETS MARKET, AUTOMOTIVE, BY REGION,

2023–2030 (KILOTON)      109

TABLE 40           RARE EARTH MAGNETS MARKET, CONSUMER ELECTRONICS, BY REGION,

2023–2030 (USD MILLION) 110

TABLE 41           RARE EARTH MAGNETS MARKET, CONSUMER ELECTRONICS, BY REGION,

2023–2030 (KILOTON)      110

TABLE 42           RARE EARTH MAGNETS MARKET, AEROSPACE & DEFENSE, BY REGION,

2023–2030 (USD MILLION) 112

TABLE 43           RARE EARTH MAGNETS MARKET, AEROSPACE & DEFENSE, BY REGION,

2023–2030 (KILOTON)      112

TABLE 44           RARE EARTH MAGNETS MARKET, INDUSTRIAL, BY REGION,

2023–2030 (USD MILLION) 113

TABLE 45           RARE EARTH MAGNETS MARKET, INDUSTRIAL, BY REGION, 2023–2030 (KILOTON)      113

TABLE 46           RARE EARTH MAGNETS MARKET, ENERGY, BY REGION,

2023–2030 (USD MILLION) 114

TABLE 47           RARE EARTH MAGNETS MARKET, ENERGY, BY REGION, 2023–2030 (KILOTON)      114

TABLE 48           RARE EARTH MAGNETS MARKET, OTHER END-USE INDUSTRIES, BY REGION, 2023–2030 (USD MILLION) 115

TABLE 49           RARE EARTH MAGNETS MARKET, OTHER END-USE INDUSTRIES, BY REGION, 2023–2030 (KILOTON)      115

TABLE 50           RARE EARTH MAGNETS MARKET, BY REGION, 2023–2030 (USD MILLION)        118

TABLE 51           RARE EARTH MAGNETS MARKET, BY REGION, 2023–2030 (KILOTON)  118

TABLE 52           ASIA PACIFIC: RARE EARTH MAGNETS MARKET, BY COUNTRY,

2023–2030 (USD MILLION) 120

TABLE 53           ASIA PACIFIC: RARE EARTH MAGNETS MARKET, BY COUNTRY,

2023–2030 (KILOTON)      120

TABLE 54           ASIA PACIFIC: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (USD MILLION) 120

TABLE 55           ASIA PACIFIC: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)         121

TABLE 56           ASIA PACIFIC: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 121

TABLE 57           ASIA PACIFIC: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      121

TABLE 58           CHINA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 122

TABLE 59           CHINA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      123

TABLE 60           CHINA: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION) 123

TABLE 61           CHINA: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)      123

TABLE 62           JAPAN: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 124

TABLE 63           JAPAN: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      125

TABLE 64           JAPAN: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION) 125

TABLE 65           JAPAN: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)      125

TABLE 66           INDIA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 126

TABLE 67           INDIA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      127

TABLE 68           INDIA: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION) 127

TABLE 69           INDIA: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)      127

TABLE 70           SOUTH KOREA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 128

TABLE 71           SOUTH KOREA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      128

TABLE 72           SOUTH KOREA: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (USD MILLION) 129

TABLE 73           SOUTH KOREA: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)         129

TABLE 74           INDONESIA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 130

TABLE 75           INDONESIA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      130

TABLE 76           INDONESIA: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (USD MILLION) 131

TABLE 77           INDONESIA: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)         131

TABLE 78           REST OF ASIA PACIFIC: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 132

TABLE 79           REST OF ASIA PACIFIC: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY, 2023–2030 (KILOTON)      132

TABLE 80           REST OF ASIA PACIFIC: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (USD MILLION) 132

TABLE 81           REST OF ASIA PACIFIC: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (KILOTON)      133

TABLE 82           EUROPE: RARE EARTH MAGNETS MARKET, BY COUNTRY,

2023–2030 (USD MILLION) 134

TABLE 83           EUROPE: RARE EARTH MAGNETS MARKET, BY COUNTRY, 2023–2030 (KILOTON)   135

TABLE 84           EUROPE: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION) 135

TABLE 85           EUROPE: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)      135

TABLE 86           EUROPE: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 136

TABLE 87           EUROPE: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      136

TABLE 88           GERMANY: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 137

TABLE 89           GERMANY: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      138

TABLE 90           GERMANY: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION)    138

TABLE 91           GERMANY: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)         138

TABLE 92           FRANCE: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 139

TABLE 93           FRANCE: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      140

TABLE 94           FRANCE: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION) 140

TABLE 95           FRANCE: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)      140

TABLE 96           ITALY: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 141

TABLE 97           ITALY: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      142

TABLE 98           ITALY: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION) 142

TABLE 99           ITALY: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)      142

TABLE 100         UK: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 144

TABLE 101         UK: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      144

TABLE 102         UK: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION) 144

TABLE 103         UK: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)      145

TABLE 104         REST OF EUROPE: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)  145

TABLE 105         REST OF EUROPE: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY, 2023–2030 (KILOTON)       146

TABLE 106         REST OF EUROPE: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (USD MILLION) 146

TABLE 107         REST OF EUROPE: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (KILOTON)      146

TABLE 108         NORTH AMERICA: RARE EARTH MAGNETS MARKET, BY COUNTRY,

2023–2030 (USD MILLION) 147

TABLE 109         NORTH AMERICA: RARE EARTH MAGNETS MARKET, BY COUNTRY,

2023–2030 (KILOTON)      147

TABLE 110         NORTH AMERICA: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (USD MILLION) 147

TABLE 111         NORTH AMERICA: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (KILOTON)      148

TABLE 112         NORTH AMERICA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)  148

TABLE 113         NORTH AMERICA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY, 2023–2030 (KILOTON)       148

TABLE 114         US: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 150

TABLE 115         US: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      150

TABLE 116         US: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION) 150

TABLE 117         US: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)      151

TABLE 118         CANADA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 152

TABLE 119         CANADA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      152

TABLE 120         CANADA: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION) 152

TABLE 121         CANADA: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)      153

TABLE 122         MEXICO: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 154

TABLE 123         MEXICO: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      154

TABLE 124         MEXICO: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION) 154

TABLE 125         MEXICO: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)      155

TABLE 126         MIDDLE EAST & AFRICA: RARE EARTH MAGNETS MARKET, BY COUNTRY,

2023–2030 (USD MILLION) 155

TABLE 127         MIDDLE EAST & AFRICA: RARE EARTH MAGNETS MARKET, BY COUNTRY,

2023–2030 (KILOTON)      156

TABLE 128         MIDDLE EAST & AFRICA: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (USD MILLION) 156

TABLE 129         MIDDLE EAST & AFRICA: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (KILOTON)      156

TABLE 130         MIDDLE EAST & AFRICA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION) 157

TABLE 131         MIDDLE EAST & AFRICA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY, 2023–2030 (KILOTON)      157

TABLE 132         GCC COUNTRIES: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 158

TABLE 133         GCC COUNTRIES: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      158

TABLE 134         GCC COUNTRIES: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (USD MILLION) 158

TABLE 135         GCC COUNTRIES: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (KILOTON)      159

TABLE 136         SAUDI ARABIA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 160

TABLE 137         SAUDI ARABIA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      160

TABLE 138         SAUDI ARABIA: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (USD MILLION) 161

TABLE 139         SAUDI ARABIA: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)         161

TABLE 140         UAE: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 162

TABLE 141         UAE: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      162

TABLE 142         UAE: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION) 163

TABLE 143         UAE: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)      163

TABLE 144         REST OF GCC: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 164

TABLE 145         REST OF GCC: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      164

TABLE 146         REST OF GCC: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (USD MILLION) 164

TABLE 147         REST OF GCC: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)         165

TABLE 148         SOUTH AFRICA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 165

TABLE 149         SOUTH AFRICA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      166

TABLE 150         SOUTH AFRICA: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (USD MILLION) 166

TABLE 151         SOUTH AFRICA: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)    166

TABLE 152         REST OF MIDDLE EAST & AFRICA: RARE EARTH MAGNETS MARKET,

BY END-USE INDUSTRY, 2023–2030 (USD MILLION)  167

TABLE 153         REST OF MIDDLE EAST & AFRICA: RARE EARTH MAGNETS MARKET,

BY END-USE INDUSTRY, 2023–2030 (KILOTON)       168

TABLE 154         REST OF MIDDLE EAST & AFRICA: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION)      168

TABLE 155         REST OF MIDDLE EAST & AFRICA: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON) 168

TABLE 156         SOUTH AMERICA: RARE EARTH MAGNETS MARKET, BY COUNTRY,

2023–2030 (USD MILLION) 169

TABLE 157         SOUTH AMERICA: RARE EARTH MAGNETS MARKET, BY COUNTRY,

2023–2030 (KILOTON)      169

TABLE 158         SOUTH AMERICA: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (USD MILLION) 170

TABLE 159         SOUTH AMERICA: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (KILOTON)      170

TABLE 160         SOUTH AMERICA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 170

TABLE 161         SOUTH AMERICA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      171

TABLE 162         BRAZIL: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 172

TABLE 163         BRAZIL: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      172

TABLE 164         BRAZIL: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (USD MILLION) 172

TABLE 165         BRAZIL: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)      173

TABLE 166         ARGENTINA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (USD MILLION) 173

TABLE 167         ARGENTINA: RARE EARTH MAGNETS MARKET, BY END-USE INDUSTRY,

2023–2030 (KILOTON)      174

TABLE 168         ARGENTINA: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (USD MILLION) 174

TABLE 169         ARGENTINA: RARE EARTH MAGNETS MARKET, BY TYPE, 2023–2030 (KILOTON)         174

TABLE 170         REST OF SOUTH AMERICA: RARE EARTH MAGNETS MARKET,

BY END-USE INDUSTRY, 2023–2030 (USD MILLION)  175

TABLE 171         REST OF SOUTH AMERICA: RARE EARTH MAGNETS MARKET,

BY END-USE INDUSTRY, 2023–2030 (KILOTON)       176

TABLE 172         REST OF SOUTH AMERICA: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (USD MILLION) 176

TABLE 173         REST OF SOUTH AMERICA: RARE EARTH MAGNETS MARKET, BY TYPE,

2023–2030 (KILOTON)      176

TABLE 174         RARE EARTH MAGNETS MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY MARKET PLAYERS BETWEEN JANUARY 2021 AND OCTOBER 2025            177

TABLE 175         RARE EARTH MAGNETS MARKET: DEGREE OF COMPETITION    180

TABLE 176         RARE EARTH MAGNETS MARKET: REGION FOOTPRINT       186

TABLE 177         RARE EARTH MAGNETS MARKET: TYPE FOOTPRINT            187

TABLE 178         RARE EARTH MAGNETS MARKET: MANUFACTURING PROCESS FOOTPRINT     187

TABLE 179         RARE EARTH MAGNETS MARKET: END-USE INDUSTRY FOOTPRINT    188

TABLE 180         RARE EARTH MAGNETS MARKET: DETAILED LIST OF KEY STARTUPS/SMES     190

TABLE 181         RARE EARTH MAGNETS MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES     191

TABLE 182         RARE EARTH MAGNETS MARKET: PRODUCT LAUNCHES,

JANUARY 2021–OCTOBER 2025    192

TABLE 183         RARE EARTH MAGNETS MARKET: DEALS, JANUARY 2021–OCTOBER 2025       193

TABLE 184         RARE EARTH MAGNETS MARKET: EXPANSIONS, JANUARY 2021–OCTOBER 2025    196

TABLE 185         RARE EARTH MAGNETS MARKET: OTHER DEVELOPMENTS,

JANUARY 2021–OCTOBER 2025    198

TABLE 186         PROTERIAL, LTD.: COMPANY OVERVIEW    199

TABLE 187         PROTERIAL, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED        199

TABLE 188         PROTERIAL, LTD.: PRODUCT LAUNCHES    200

TABLE 189         PROTERIAL, LTD.: EXPANSIONS    200

TABLE 190         SHIN-ETSU CHEMICAL CO., LTD.: COMPANY OVERVIEW         202

TABLE 191         SHIN-ETSU CHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED        204

TABLE 192         SHIN-ETSU CHEMICAL CO., LTD.: DEALS    204

TABLE 193         TDK CORPORATION: COMPANY OVERVIEW 206

TABLE 194         TDK CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED        207

TABLE 195         TDK CORPORATION: DEALS         208

TABLE 196         VACUUMSCHMELZE: COMPANY OVERVIEW 210

TABLE 197         VACUUMSCHMELZE: PRODUCTS/SOLUTIONS/SERVICES OFFERED        210

TABLE 198         VACUUMSCHMELZE: PRODUCT LAUNCHES 211

TABLE 199         VACUUMSCHMELZE: DEALS         211

TABLE 200         JL MAG RARE-EARTH CO., LTD.: COMPANY OVERVIEW         214

TABLE 201         JL MAG RARE-EARTH CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED        215

TABLE 202         JL MAG RARE-EARTH CO., LTD.: DEALS     215

TABLE 203         JL MAG RARE-EARTH CO., LTD.: EXPANSIONS            215

TABLE 204         BEIJING ZHONG KE SAN HUAN HI-TECH CO., LTD.: COMPANY OVERVIEW      217

TABLE 205         BEIJING ZHONG KE SAN HUAN HI-TECH CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED        218

TABLE 206         BEIJING ZHONG KE SAN HUAN HI-TECH CO., LTD.: EXPANSIONS,

JANUARY 2021–SEPTEMBER 2025 219

TABLE 207         ARNOLD MAGNETIC TECHNOLOGIES: COMPANY OVERVIEW         220

TABLE 208         ARNOLD MAGNETIC TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED        220

TABLE 209         ARNOLD MAGNETIC TECHNOLOGIES: DEALS            221

TABLE 210         ARNOLD MAGNETIC TECHNOLOGIES: EXPANSIONS            221

TABLE 211         NEO PERFORMANCE MATERIALS: COMPANY OVERVIEW         222

TABLE 212         NEO PERFORMANCE MATERIALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED        223

TABLE 213         NEO PERFORMANCE MATERIALS: DEALS   224

TABLE 214         NEO PERFORMANCE MATERIALS: EXPANSIONS            225

TABLE 215         NEO PERFORMANCE MATERIALS: OTHERS 226

TABLE 216         NINGBO YUNSHENG CO., LTD.: COMPANY OVERVIEW            227

TABLE 217         NINGBO YUNSHENG CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED        229

TABLE 218         NINGBO YUNSHENG CO., LTD.: DEALS        229

TABLE 219         NINGBO YUNSHENG CO., LTD.: EXPANSIONS            230

TABLE 220         ADAMS MAGNETIC PRODUCTS: COMPANY OVERVIEW         231

TABLE 221         ADAMS MAGNETIC PRODUCTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED        231

TABLE 222         ADAMS MAGNETIC PRODUCTS: PRODUCT LAUNCHES         232

TABLE 223         ADAMS MAGNETIC PRODUCTS: OTHERS    232

TABLE 224         YANTAI ZHENGHAI MAGNETIC MATERIAL CO., LTD.: COMPANY OVERVIEW      233

TABLE 225         YANTAI ZHENGHAI MAGNETIC MATERIAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED        234

TABLE 226         YANTAI ZHENGHAI MAGNETIC MATERIAL CO., LTD.: DEALS   235

TABLE 227         YANTAI ZHENGHAI MAGNETIC MATERIAL CO., LTD.: EXPANSIONS      235

TABLE 228         NOVEON MAGNETICS INC.: COMPANY OVERVIEW            236

TABLE 229         STANFORD MAGNETS: COMPANY OVERVIEW            237

TABLE 230         PERMAG: COMPANY OVERVIEW    238

TABLE 231         GOUDSMIT MAGNETICS: COMPANY OVERVIEW            239

TABLE 232         BAKKER MAGNETICS BV: COMPANY OVERVIEW            240

TABLE 233         RAREARTH S.R.L.: COMPANY OVERVIEW    241

TABLE 234         BAOTOU TIANHE MAGNETICS TECHNOLOGY CO., LTD.: COMPANY OVERVIEW          242

TABLE 235         BELOH MAGNETSYSTEME GMBH & CO. KG: COMPANY OVERVIEW      243

TABLE 236         EARTH-PANDA ADVANCED MAGNETIC MATERIAL CO., LTD.: COMPANY OVERVIEW   244

TABLE 237         VULCAN ELEMENTS: COMPANY OVERVIEW 245

TABLE 238         DAIDO ELECTRONICS CO., LTD.: COMPANY OVERVIEW         246

TABLE 239         ABM MAGNETICS CO., LTD.: COMPANY OVERVIEW            247

TABLE 240         DURA MAGNETS PVT. LTD.: COMPANY OVERVIEW            248

TABLE 241         MAGSUPER (DONGGUAN)CORP.: COMPANY OVERVIEW         249

TABLE 242         HANGZHOU PERMANENT MAGNET GROUP, LTD.: COMPANY OVERVIEW      250

LIST OF FIGURES

FIGURE 1           RARE EARTH MAGNETS MARKET: RESEARCH DESIGN  30

FIGURE 2           MARKET SIZE ESTIMATION: TOP-DOWN APPROACH            34

FIGURE 3           MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH        34

FIGURE 4           RARE EARTH MAGNETS MARKET: SUPPLY-SIDE APPROACH        35

FIGURE 5           RARE EARTH MAGNETS MARKET: DATA TRIANGULATION 36

FIGURE 6           NEODYMIUM-IRON-BORON MAGNET ACCOUNTED FOR

DOMINANT MARKET SHARE IN 2024          39

FIGURE 7           SINTERED TO BE LARGEST SEGMENT DURING FORECAST PERIOD         40

FIGURE 8           AUTOMOTIVE TO BE LARGEST END-USE INDUSTRY OF RARE EARTH MAGNETS DURING FORECAST PERIOD      41

FIGURE 9           ASIA PACIFIC LED RARE EARTH MAGNETS MARKET IN 2024  42

FIGURE 10         ASIA PACIFIC TO BE FASTEST-GROWING RARE EARTH MAGNETS MARKET

DURING FORECAST PERIOD         43

FIGURE 11         NEODYMIUM-IRON-BORON MAGNET SEGMENT TO LEAD MARKET

DURING FORECAST PERIOD         43

FIGURE 12         SINTERED SEGMENT TO DOMINATE RARE EARTH MAGNETS MARKET

DURING FORECAST PERIOD         44

FIGURE 13         AUTOMOTIVE TO BE LARGEST END-USE INDUSTRY DURING FORECAST PERIOD         44

FIGURE 14         CHINA ACCOUNTED FOR LARGEST MARKET SHARE IN ASIA PACIFIC IN 2024  45

FIGURE 15         CHINA TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD         45

FIGURE 16         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN

RARE EARTH MAGNETS MARKET  46

FIGURE 17         GLOBAL ELECTRIC VEHICLE SALES INCREASE: Q1 2024 TO Q1 2025 47

FIGURE 18         GLOBAL CONSUMER AND GOVERNMENT SPENDING ON ELECTRIC CARS,

2022–2024          48

FIGURE 19         GLOBAL NEW INSTALLATIONS OF WIND ENERGY (GIGAWATT), 2020–2024   48

FIGURE 20         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS          56

FIGURE 21         AVERAGE SELLING PRICE OF RARE EARTH MAGNETS OFFERED

BY KEY PLAYERS, BY TYPE, 2024  57

FIGURE 22         AVERAGE SELLING PRICE TREND OF RARE EARTH MAGNETS, BY REGION,

2023–2030 (USD/KG)       58

FIGURE 23         RARE EARTH MAGNETS MARKET: VALUE CHAIN ANALYSIS          59

FIGURE 24         RARE EARTH MAGNETS MARKET: ECOSYSTEM ANALYSIS          60

FIGURE 25         IMPORT SCENARIO FOR HS CODE 850519-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 62

FIGURE 26         EXPORT SCENARIO FOR HS CODE 850519-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 63

FIGURE 27         RARE EARTH MAGNETS MARKET: PORTER’S FIVE FORCES ANALYSIS         65

FIGURE 28         INVESTOR DEAL AND FUNDING SCENARIO, 2021–2024      72

FIGURE 29         PATENT ANALYSIS, BY DOCUMENT TYPE, 2014–2024            79

FIGURE 30         US REGISTERED HIGHEST SHARE OF PATENTS, 2014–2024          79

FIGURE 31         LIST OF MAJOR PATENTS RELATED TO RARE EARTH MAGNETS, 2014–2024        80

FIGURE 32         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR

TOP THREE END-USE INDUSTRIES            93

FIGURE 33         KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES       94

FIGURE 34         ADOPTION BARRIERS & INTERNAL CHALLENGES            95

FIGURE 35         NEODYMIUM-IRON-BORON SEGMENT TO DOMINATE MARKET

DURING FORECAST PERIOD         98

FIGURE 36         SINTERED SEGMENT TO DOMINATE RARE EARTH MAGNETS MARKET

DURING FORECAST PERIOD         103

FIGURE 37         AUTOMOTIVE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE

DURING FORECAST PERIOD         107

FIGURE 38         CHINA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD         117

FIGURE 39         ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF RARE EARTH MAGNETS MARKET DURING FORECAST PERIOD            118

FIGURE 40         ASIA PACIFIC: RARE EARTH MAGNETS MARKET SNAPSHOT        119

FIGURE 41         EUROPE: RARE EARTH MAGNETS MARKET SNAPSHOT        134

FIGURE 42         RARE EARTH MAGNETS MARKET: REVENUE ANALYSIS OF KEY PLAYERS,

2020–2024          179

FIGURE 43         RARE EARTH MAGNETS MARKET SHARE ANALYSIS, 2024      180

FIGURE 44         COMPANY VALUATION    181

FIGURE 45         FINANCIAL MATRIX: EV/EBITDA RATIO      181

FIGURE 46         YEAR-TO-DATE PRICE AND FIVE-YEAR STOCK BETA    182

FIGURE 47         RARE EARTH MAGNETS MARKET: BRAND/PRODUCT COMPARISON    182

FIGURE 48         RARE EARTH MAGNETS MARKET: COMPANY EVALUATION MATRIX:

KEY PLAYERS, 2024         184

FIGURE 49         RARE EARTH MAGNETS MARKET: COMPANY FOOTPRINT       185

FIGURE 50         RARE EARTH MAGNETS MARKET: COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        189

FIGURE 51         SHIN-ETSU CHEMICAL CO., LTD.: COMPANY SNAPSHOT        203

FIGURE 52         TDK CORPORATION: COMPANY SNAPSHOT            207

FIGURE 53         JL MAG RARE-EARTH CO., LTD.: COMPANY SNAPSHOT        214

FIGURE 54         BEIJING ZHONG KE SAN HUAN HI-TECH CO., LTD.: COMPANY SNAPSHOT     218

FIGURE 55         NEO PERFORMANCE MATERIALS: COMPANY SNAPSHOT        223

FIGURE 56         NINGBO YUNSHENG CO., LTD.: COMPANY SNAPSHOT        228

FIGURE 57         YANTAI ZHENGHAI MAGNETIC MATERIAL CO., LTD.: COMPANY SNAPSHOT     234