INDIA RARE EARTH MAGNETS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025 - 2032)

India Rare Earth Magnets Market, By Type (Neodymium-Iron-Boron (NdFeB) Magnets, Samarium Cobalt (SmCo) Magnets, and Other Rare Earth Magnets), By Manufacturing Process (Sintered, Bonded, and Others), By End-use Industry: Automotive, Consumer Electronics, Aerospace & Defense, Energy, Industrial, and Others

Published In: 12 Nov, 2025
Code: CMI8926
Pages: 140
Formats: Excel and PDF
Industry: Advanced Materials
- Historical Range: 2020 - 2024
- Forecast Period: 2025 - 2032

The India rare earth magnets market is estimated to be valued at USD 2.34 Bn in 2025 and is expected to reach USD 3.71 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.8% from 2025 to 2032. India rare earth magnets market represents a critical segment within the country's advanced materials industry, encompassing permanent magnets manufactured from rare earth elements such as neodymium, samarium, and dysprosium.

Market Dynamics

The India rare earth magnets market is propelled by several key drivers that collectively fuel its robust growth trajectory. The primary driver stems from India's aggressive push toward electric vehicle adoption and renewable energy infrastructure development, creating unprecedented demand for high-performance permanent magnets essential in electric motors, generators, and energy storage systems. The government's production-linked incentive schemes for electronics manufacturing, coupled with the National Electric Mobility Mission Plan, have significantly boosted domestic demand while encouraging local production capabilities.

Key Features of the Study

This report provides in-depth analysis of the India rare earth magnets market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the India rare earth magnets market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include A permanent magnet Technologies, Inc., GE Aviation, Magnequench, Ningbo Yongfeng Magnet Industry Co., Ltd., Hitachi Metals, Ltd., Shin-Etsu Chemical Co., Ltd., Chuo Denki Co., Ltd., GKN Magnet Technology, Bunting Magnetics Co., TDK Corporation, Nidec Corporation, Vacuumschmelze GmbH, Adams Magnetic Products Co., and SURA Magnets
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The India rare earth magnets market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the India rare earth magnets market

Market Segmentation

Type Insights (Revenue, USD Bn, 2020 - 2032)
- Neodymium-Iron-Boron (NdFeB) Magnets
- Samarium Cobalt (SmCo) Magnets
- Other Rare Earth Magnets
Manufacturing Process Insights (Revenue, USD Bn, 2020 - 2032)
- Sintered
- Bonded
- Others
End-use Industry Insights (Revenue, USD Bn, 2020 - 2032)
- Automotive
- Consumer Electronics
- Aerospace & Defense
- Energy
- Industrial
- Others
Key Players Insights
- A permanent magnet Technologies, Inc.
- GE Aviation
- Magnequench
- Ningbo Yongfeng Magnet Industry Co., Ltd.
- Hitachi Metals, Ltd.
- Shin-Etsu Chemical Co., Ltd.
- Chuo Denki Co., Ltd.
- GKN Magnet Technology
- Bunting Magnetics Co.
- TDK Corporation
- Nidec Corporation
- Vacuumschmelze GmbH
- Adams Magnetic Products Co.
- SURA Magnets

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - India Rare Earth Magnets Market, By Type
  - India Rare Earth Magnets Market, By Manufacturing Process
  - India Rare Earth Magnets Market, By End-use Industry
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trends
India Rare Earth Magnets Market, By Type, 2020-2032, (USD Bn)
- Introduction
  - Market Share Analysis, 2025 and 2032 (%)
  - Y-o-Y Growth Analysis, 2021 - 2032
  - Segment Trends
- Neodymium-Iron-Boron (NdFeB) Magnets
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Samarium Cobalt (SmCo) Magnets
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Other Rare Earth Magnets
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
India Rare Earth Magnets Market, By Manufacturing Process, 2020-2032, (USD Bn)
- Introduction
  - Market Share Analysis, 2025 and 2032 (%)
  - Y-o-Y Growth Analysis, 2021 - 2032
  - Segment Trends
- Sintered
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Bonded
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Others
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
India Rare Earth Magnets Market, By End-use Industry, 2020-2032, (USD Bn)
- Introduction
  - Market Share Analysis, 2025 and 2032 (%)
  - Y-o-Y Growth Analysis, 2021 - 2032
  - Segment Trends
- Automotive
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Consumer Electronics
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Aerospace & Defense
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Energy
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Industrial
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Others
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Competitive Landscape
- A permanent magnet Technologies, Inc.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- GE Aviation
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Magnequench
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Ningbo Yongfeng Magnet Industry Co., Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Hitachi Metals, Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Shin-Etsu Chemical Co., Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Chuo Denki Co., Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- GKN Magnet Technology
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Bunting Magnetics Co.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- TDK Corporation
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Nidec Corporation
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Vacuumschmelze GmbH
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Adams Magnetic Products Co.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- SURA Magnets
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
References and Research Methodology
- References
- Research Methodology
- About us

*Browse 32 market data tables and 28 figures on ‘Rare Earth Magnets Market' - India forecast to 2032

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