Global Cerium Magnet Market Growth 2026-2032
Description
The global Cerium Magnet market size is predicted to grow from US$ 561 million in 2025 to US$ 984 million in 2032; it is expected to grow at a CAGR of 8.8% from 2026 to 2032.
Global cerium magnet production is projected to reach 34,100 tons in 2025, with an average selling price of US$16.8 per kilogram. A cerium magnet refers to a permanent magnet that incorporates cerium (Ce) as a main or partial rare-earth element, most commonly within cerium-containing NdFeB magnet systems. By substituting part of neodymium or praseodymium with abundant and lower-cost cerium, these magnets aim to reduce material costs while improving the utilization efficiency of rare-earth resources. Cerium magnets can be produced through sintering, bonding, or hot-deformation processes. They are typically used in applications with moderate magnetic performance requirements and strong cost sensitivity, such as motors, household appliances, and general industrial products.
The development of cerium magnets is a significant trend driven by the global rare earth industry's need to optimize resource utilization and diversify supply chains. Its core logic is to leverage abundant and lower-cost cerium, reducing reliance on certain critical rare earth elements and aligning with major economies' strategic goals for supply chain resilience. This creates key opportunities, as the cost advantage opens potential in mid-to-high-end applications like new energy vehicle traction motors, wind power generators, and industrial motors. However, major obstacles exist. The primary challenge is technical, requiring advancements to maintain high magnetic performance and thermal stability with increased cerium content. Additionally, evolving geopolitical dynamics within the global rare earth supply chain introduce uncertainty. Finally, as a relatively new material solution, gaining full acceptance in demanding downstream markets and overcoming existing application inertia remains a hurdle to widespread adoption.
LP Information, Inc. (LPI) ' newest research report, the “Cerium Magnet Industry Forecast” looks at past sales and reviews total world Cerium Magnet sales in 2025, providing a comprehensive analysis by region and market sector of projected Cerium Magnet sales for 2026 through 2032. With Cerium Magnet sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cerium Magnet industry.
This Insight Report provides a comprehensive analysis of the global Cerium Magnet landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cerium Magnet portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cerium Magnet market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cerium Magnet and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cerium Magnet.
This report presents a comprehensive overview, market shares, and growth opportunities of Cerium Magnet market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Single-dominant Phase
Double-dominant Phase
Segmentation by Cerium Content:
Low Cerium Content
High Cerium Content
Segmentation by Coercivity:
Low Coercivity
High Coercivity
Segmentation by Application:
Electric Bicycles
Consumer Electronics
Industrial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Ningbo Funeng New Material
ZheJiang ZhongKe Magnetic
Advanced Technology & Materials
Zhong Ke San Huan
Zhenghai Magnetic
Shandong Shangda Rare Earth Material
Ningbo Tongchuang Strong Magnet Material
Key Questions Addressed in this Report
What is the 10-year outlook for the global Cerium Magnet market?
What factors are driving Cerium Magnet market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cerium Magnet market opportunities vary by end market size?
How does Cerium Magnet break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Global cerium magnet production is projected to reach 34,100 tons in 2025, with an average selling price of US$16.8 per kilogram. A cerium magnet refers to a permanent magnet that incorporates cerium (Ce) as a main or partial rare-earth element, most commonly within cerium-containing NdFeB magnet systems. By substituting part of neodymium or praseodymium with abundant and lower-cost cerium, these magnets aim to reduce material costs while improving the utilization efficiency of rare-earth resources. Cerium magnets can be produced through sintering, bonding, or hot-deformation processes. They are typically used in applications with moderate magnetic performance requirements and strong cost sensitivity, such as motors, household appliances, and general industrial products.
The development of cerium magnets is a significant trend driven by the global rare earth industry's need to optimize resource utilization and diversify supply chains. Its core logic is to leverage abundant and lower-cost cerium, reducing reliance on certain critical rare earth elements and aligning with major economies' strategic goals for supply chain resilience. This creates key opportunities, as the cost advantage opens potential in mid-to-high-end applications like new energy vehicle traction motors, wind power generators, and industrial motors. However, major obstacles exist. The primary challenge is technical, requiring advancements to maintain high magnetic performance and thermal stability with increased cerium content. Additionally, evolving geopolitical dynamics within the global rare earth supply chain introduce uncertainty. Finally, as a relatively new material solution, gaining full acceptance in demanding downstream markets and overcoming existing application inertia remains a hurdle to widespread adoption.
LP Information, Inc. (LPI) ' newest research report, the “Cerium Magnet Industry Forecast” looks at past sales and reviews total world Cerium Magnet sales in 2025, providing a comprehensive analysis by region and market sector of projected Cerium Magnet sales for 2026 through 2032. With Cerium Magnet sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cerium Magnet industry.
This Insight Report provides a comprehensive analysis of the global Cerium Magnet landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cerium Magnet portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cerium Magnet market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cerium Magnet and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cerium Magnet.
This report presents a comprehensive overview, market shares, and growth opportunities of Cerium Magnet market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Single-dominant Phase
Double-dominant Phase
Segmentation by Cerium Content:
Low Cerium Content
High Cerium Content
Segmentation by Coercivity:
Low Coercivity
High Coercivity
Segmentation by Application:
Electric Bicycles
Consumer Electronics
Industrial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Ningbo Funeng New Material
ZheJiang ZhongKe Magnetic
Advanced Technology & Materials
Zhong Ke San Huan
Zhenghai Magnetic
Shandong Shangda Rare Earth Material
Ningbo Tongchuang Strong Magnet Material
Key Questions Addressed in this Report
What is the 10-year outlook for the global Cerium Magnet market?
What factors are driving Cerium Magnet market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cerium Magnet market opportunities vary by end market size?
How does Cerium Magnet break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
86 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Cerium Magnet by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Cerium Magnet by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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