Malaysia's demand for permanent magnets is steadily increasing, driven by the country's expanding manufacturing sector, growing focus on renewable energy, and rising electric vehicle adoption. As a major industrial center in Southeast Asia, Malaysia is seeing broader use of permanent magnets in sectors such as electronics, automotive, and clean energy.
The electronics industry is a significant contributor to this demand, particularly in the manufacturing of motors, sensors, and actuators. Malaysia hosts a strong electronics manufacturing base, with many companies supplying components to international markets. The surge in consumer electronics production is further fueling the need for high-performance permanent magnets across the country.
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