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India Rare Earth Magnets Market

Publisher Coherent Market Insights
Published Nov 12, 2025
Length 140 Pages
SKU # CMI20658665

Description

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

Table of Contents

140 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. 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
3. 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
4. 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)
5. 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)
6. 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)
7. 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
8. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
9. 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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