Bonded magnet market seen rising to $5.90 billion by 2035

The global bonded magnet market was valued at USD 3.77 billion in 2025 and is projected to reach USD 5.90 billion by 2035, expanding at a CAGR of 4.61% during 2026–2035, according to an SNS Insider report. The study links growth to rising demand for smaller, lightweight and energy-efficient magnetic components used in automotive engines, sensors, motors, consumer electronics, industrial machinery and renewable energy systems. It said increasing use of rare earth alloys and injection-molded bonded magnets is helping manufacturers improve precision, material efficiency and component design as electrification and automation trends broaden adoption. In 2025, injection molding led process types with a 52.30% share, rare earth magnets including NdFeB and SmCo accounted for 60.50% of revenue, motors represented 38.00% of applications, and automotive led end use with a 41.00% share. Asia Pacific held about 48.75% of the global market, while North America is expected to post the fastest CAGR of about 5.42% through 2035. The U.S. market was estimated at USD 0.43 billion in 2025 and is projected to reach USD 0.69 billion by 2035 at a CAGR of 4.82%, while Europe was valued at USD 0.94 billion in 2025 and is expected to reach USD 1.44 billion by 2035, growing at a CAGR of 4.34%.