The global Nd-Fe-B Magnet market was valued at approximately USD 1,369 million in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 8.00% during the forecast period, reaching USD 2,346.23 million by 2030. This growth is primarily driven by the increasing demand for high-performance magnets in industries like automotive (particularly electric vehicles), electronics, and energy storage solutions.
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