Huge Prospects for the Rare Earth Magnets Industry

December 24, 2016

Rare earth magnets are strong permanent magnets made from the alloys of rare earth elements producing magnetic fields stronger than other magnets such as Ferrite, Alnico, etc. Currently, there are two types of rare earth magnets, namely, NdFeB and SmCo magnets. According to IMARC Group’s new report titled, “Rare Earth Magnet Manufacturing Plant Project Report: Industry Trends, Manufacturing Process, Machinery, Raw Materials, Cost and Revenue”, the global market for rare earth magnets has grown at a CAGR of 9% in the last 7 years. Of the two types of rare earth magnets, NdFeB magnets currently accounts for most of the total global rare earth magnet volumes, with China being the largest producer and consumer.

A wide range of applications have led to the growth of the rare earth magnets industry, with motors and generators accounting for majority of the total global consumption. These magnets have brought about a transformation in most modern technology. One of the main forces driving the growth of the rare earth magnets industry is the increasing awareness of clean technology, with support from governments across the world.

Some of the areas where the consumption of rare earth magnets is high are:

  • Small sized technology, such as the cell phones and laptop computers
  • Defence industry, especially in cruise missiles, precision guided ammunitions, radar systems and reactive armours
  • Green technology such as wind powered turbines and plug-in hybrid vehicles
  • Magnetic refrigeration - an emerging technology

Findings suggest that although alternate technologies are in research and some already exist, rare earth magnets are unlikely to be substituted as a major input for green technologies and high efficiency consumer and industrial devices. This provides a tremendous scope for anyone who plans to venture into setting up a plant for manufacturing rare earth magnet. Experts at IMARC Group have identified this opportunity and released their latest report titled, “Rare Earth Magnet Manufacturing Plant Project Report: Industry Trends, Manufacturing Process, Machinery, Raw Materials, Cost and Revenue”. The report gives a comprehensive insight into the rare earth magnet market. This report gives an insight into the viability of setting up a rare earth magnet manufacturing plant and answers some of the key questions that any investor may have while setting up such a plant. These include:

  • Global market trends
  • Different types and applications of rare earth magnets
  • Key success and risk factors
  • Detailed process flow
  • Various types of unit operations involved
  • Land, location and site development
  • Machinery required
  • Raw material, utilities and manpower required
  • Infrastructure and capital costs involved
  • Operating costs
  • Income and expenditure projections
  • Cash flow analysis
  • Time required to break-even

The report, which is based on both desk based research and multiple waves of primary research is a must read for anyone who plans to setup a rare earth magnet manufacturing plant.

To buy the complete report or to get a free sample, please contact:

IMARC Group North America:

Phone: +1-631-791-1145

IMARC Group Europe, Middle East & Africa:
Phone: +44-702-409-7331

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Huge Prospects for the Rare Earth Magnets Industry
Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More