According to our (Global Info Research) latest study, the global Cerium Magnet market size was valued at US$ 590 million in 2025 and is forecast to a readjusted size of US$ 1006 million by 2032 with a CAGR of 8.3% during review period.
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.
This report is a detailed and comprehensive analysis for global Cerium Magnet market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Cerium Magnet market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Kg), 2021-2032
Global Cerium Magnet market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Kg), 2021-2032
Global Cerium Magnet market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Kg), 2021-2032
Global Cerium Magnet market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Kg), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Cerium Magnet
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Cerium Magnet market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include 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, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Cerium Magnet market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Single-dominant Phase
Double-dominant Phase
Market segment by Cerium Content
Low Cerium Content
High Cerium Content
Market segment by Coercivity
Low Coercivity
High Coercivity
Market segment by Application
Electric Bicycles
Consumer Electronics
Industrial
Others
Major players covered
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
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Cerium Magnet product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Cerium Magnet, with price, sales quantity, revenue, and global market share of Cerium Magnet from 2021 to 2026.
Chapter 3, the Cerium Magnet competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Cerium Magnet breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Cerium Magnet market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Cerium Magnet.
Chapter 14 and 15, to describe Cerium Magnet sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Cerium Magnet. Industry analysis & Market Report on Cerium Magnet is a syndicated market report, published as Global Cerium Magnet Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Cerium Magnet market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.