Logimag Ltd. Reinforces Position as Leading Magnet Manufacturer in Greater China Amid Booming Rare Earth Magnet Market
Hong Kong, 24th July 2025, ZEX PR WIRE, Logimag Ltd., a premier magnet manufacturer and magnet supplier established in 1999, continues to strengthen its market position as one of Greater China’s leading providers of magnetic materials and assemblies. With the global rare earth magnet market experiencing unprecedented growth, the company is well-positioned to capitalize on expanding opportunities across multiple industries.
The magnetic materials sector is witnessing remarkable expansion, with industry analysts projecting the market to grow from USD 22.8 billion in 2025 to USD 45.3 billion by 2035, representing a robust compound annual growth rate (CAGR) of 7.1% . This growth trajectory is further supported by the rare earth magnet segment, which reached USD 19.5 billion in 2024 and is ex...