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2025-10-17 13:31:50

Clean Energy Transition Accelerates Demand for Advanced Magnetic Materials

The Global Advanced Magnetic Materials Market was valued at US$ 23.5 billion in 2023 and is projected to reach US$ 45.8 billion by 2031, registering a CAGR of 8.7% during the forecast period 2024–2031. Market growth is primarily driven by increasing demand across electronics, automotive, renewable energy, and industrial applications, coupled with the rising adoption of electric vehicles...

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