Global Permanent Magnet Market Forecast 2025–2031: Who's Leading the Charge? Get a sample PDF of the report – https://www.businessmarketinsights.com/sample/BMIRE00026228?utm_source=Blog&utm_medium=10640 The Permanent Magnet Market size is expected to reach US$ 47,309.65 million by 2031 from US$ 25,035.19 million in 2024. The market is estimated to record a CAGR of 10.0 % from 2025 to 2031. Get Full Report: https://www.businessmarketinsights.com/reports/permanent-magnet-market Executive Summary and Global Market Analysis: The global permanent magnet market is experiencing significant growth driven by advancements in technology, increasing demand for energy-efficient solutions, and the widespread adoption of electric vehicles (EVs). Permanent magnets are essential components in various industries, including automotive, electronics, energy, and manufacturing. These magnets are primarily made from materials such as neodymium (NdFeB), samarium-cobalt (SmCo), and ferrite, each offering unique properties suited to specific applications.

Charging System Plastics for EVs – North America 2027 Outlook Get a sample PDF of the report: https://www.businessmarketinsights.com/sample/TIPRE00017235?utm_source=Blog&utm_medium=10640 The plastic for electric vehicle market in North America is expected to grow from US$ 213.50 million in 2019 to US$ 904.89 million by 2027; it is estimated to grow at a CAGR of 20.0% from 2020 to 2027. Get Full Report: https://www.businessmarketinsights.com/reports/north-america-plastics-for-electric-vehicle-market Bio-based plastics encompass a wide array of materials, including mass-market polymers such as Polyethylene Terephthalate (PET), bio-based Polyethylene (PE), performance-grade polymers, and thermoplastic co-polyester elastomers (TPC-ET). As the automotive industry increasingly emphasizes reducing CO₂ emissions, the adoption of bio-plastics over recycled plastics is gaining traction—particularly in non-visible vehicle components. This shift is helping reduce overall vehicle weight, thereby improving efficiency and sustainability. Many automakers and suppliers around the world have recognized the environmental and cost benefits of incorporating sustainable plastic materials in electric vehicle (EV) production. Bio-based polyesters and polyamides are being used more frequently, with the aim of lowering the environmental footprint of vehicles. For example, the Kia Soul EV uses bio-plastics for various interior components, including carpets, door latches, and seat trims, opting for these materials instead of traditional recycled plastics. Similarly, major automotive companies such as Toyota, BMW, and Nissan are also embracing bio-plastics to align with the broader shift toward green technologies. This trend is significantly contributing to the expansion of the plastics for electric vehicles market.