Hard Ferrite Magnets Market to Reach USD 3.7 Billion by 2031 with...

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2025-09-12 09:57:58 -

Hard Ferrite Magnets Market to Reach USD 3.7 Billion by 2031 with Cost-Effective Magnetic Solutions

According to DataM Intelligence, the global Hard Ferrite Magnets Market reached US$ 2.9 billion in 2023 and is expected to reach US$ 3.7 billion by 2031, growing at a CAGR of 3.3% from 2024 to 2031. The automotive and electronics sectors dominate the market due to the widespread use of hard ferrite magnets in electric motors, sensors, and loudspeakers, while Asia-Pacific is both the...

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