Global Magnetic Materials Market Size, Trend, Forecasts to 2030
The global Magnetic Materials Market is expected to reach USD 58.97 billion by 2030, at a CAGR of 7.7% during the forecast period 2021 to 2030. The demand for magnetic materials in the automotive and electronic industries is expected to increase, fueling the expansion. Among other things, magnetic materials are utilized in magnetic separators, motors, transformer cores, electromagnets, generators, microphones, and speakers.