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Title: Logimag Ltd Reinforces Position as Leading Magnet Manufacturer in Greater China Amid Booming Rare Earth Magnet Market

Hong Kong S.A.R., 24th Jul 2025 – 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 expected to achieve USD 30.3 billion by 2033."The magnetic materials industry is experiencing a transformative period driven by technological advancements and increasing demand across automotive, electronics, and renewable energy sectors," said a company spokesperson for Logimag Ltd. "Our quarter-century of experience positions us uniquely to serve this growing market with superior quality products and comprehensive design support."As a specialized rare earth magnet manufacturer, Logimag Ltd. has established itself as a trusted partner for businesses requiring high-performance magnetic solutions. The company's competitive advantage lies in its ability to offer products at competitive prices while maintaining superior quality standards and providing end-to-end customer service throughout the entire project lifecycle.The rare earth magnet market is experiencing particularly strong momentum, with projections indicating growth from $17.74 billion in 2024 to $19.20 billion in 2025, reflecting an impre...

This press release is issued by King Newswire