IDTechEx forecasts that the global rare earth magnet market will reach US$9.19B by 2036, with electric vehicle, robotics, wind energy, and data center markets driving demand for high-performance rare earth magnets. The brand-new IDTechEx report "Rare Earth Magnets 2026-2036: Technologies, Supply, Markets, Forecasts" provides comprehensive analysis and benchmarking of rare earth magnet technologies, including neodymium magnets and samarium-cobalt magnets. Manufacturing innovations and trends in design and integration of rare earth magnets into electric motor, energy generator, and actuator applications are discussed.
IDTechEx's report surveys global rare earth magnet supply chain capacity, expansion plans and the emerging magnet recycling market. Granular 10-year rare earth magnet market forecasts, including magnet supply, demand and recycling by weight (tonnes) and annual revenue forecasts (US$M) are presented for NdFeB and SmCo magnets.
Mega trends in decarbonized energy and transport, automation and AI will influence rare earth magnet demand over the next decade. This research report discusses key rare earth magnet growth markets, including e-mobility, humanoid robotics, and wind energy.
High-volume rare earth magnet market applications include electric vehicle motors, consumer electronics, industrial motors and wind turbine energy generators. Across most market verticals, electric motors represent the dominant rare earth magnet application by volume and weight, where rare earth magnets offer high magnetic strength and power density properties.
The development of new rare earth supply chains is creating opportunities for technological innovation in rare earth separation, refining, and magnet production. New midstream players are entering the market and scaling capacity, focused on solvent extraction and liquid chromatography technologies capable of accepting both primary (mining) and secondary (recycling) feedstocks. Downstream, the high cost and low availability of heavy rare earths is driving innovation in thrifting technologies that can improve rare earth magnet properties while reducing heavy rare earth content. IDTechEx's report evaluates rare earth refining, magnet technology innovations, including SWOT analysis, performance benchmarking, and key supplier information.
Rare earth supply risks and increasing product demand are driving growth opportunities for rare earth magnet recycling technology. As critical rare earths increasingly consolidate in magnet applications, magnet recycling is emerging as an important source contributing towards overall global rare earth supply.
Key aspects of this report
This report provides critical market intelligence on global rare earth magnet supply, demand, and recycling, covering magnet materials, emerging technology, key players, supply chains, and market forecasts. This includes:
- History and context for rare earth magnet supply and demand leading to the classification as critical materials.
- Regional rare earth supply chain analysis covering mineral deposits, mining, separation, refining and metallization, and magnet production.
- Developments in global rare earth supply and production, including key players, production capacities, expansion plans and timelines, and regional 10-year outlooks.
- Critical evaluation and SWOT analysis of incumbent and emerging rare earth separation, metallization, and magnet production technologies.
- Discussion of key challenges facing rare earth supply chains, including price volatility, heavy rare earth availability, knowledge gaps, CapEx and OpEx requirements.
- Overview of the evolving business models, private partnerships, and government support initiatives addressing industry challenges.
- Comprehensive overview of rare earth magnet technologies, performance metrics, and innovation areas for neodymium magnets and samarium-cobalt magnets.
- Technology and market trends in rare earth magnet application verticals, including magnets for electric vehicles, wind turbines, consumer electronics and data centers, robotics, industrial and aerospace, and automotive.
- Overview of magnet demand in integrated products and trends in material composition, usage, and alternative magnet technologies.
- Analysis of long-loop and short-loop rare earth magnet recycling technologies and feedstock trends.
- Comprehensive list of rare earth magnet recycling companies, recycling capacities, expansion plans and timelines, and key partnerships.
- Case studies for circular rare earth magnet supply chains.
- Granular 10-year market forecasts covering rare earth magnet supply, demand and recycling by weight (tonnes) and revenue (US$), segmented by region, application, and materials.
For the full report details and sample pages reach out to our team at research@IDTechEx.com, or visit www.IDTechEx.com/REM.