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The magnetic materials market size is estimated to increase by USD 12.91 billion and grow at a CAGR of 6.56% between 2022 and 2027. The growth of the market depends on several factors, such as the increase in iron ore production volume, the increased applicability in the computer application industry, and the increased investment. The market experiences considerable influence from the production and capacity of iron ore, essential for manufacturing magnets. Growth in iron ore production, notably propelled by regions such as Western Australia, China, Brazil, and India, is pivotal for market expansion. As iron ore stands as a key ingredient in magnetic material production, any rise in its production directly affects magnet availability and cost-effectiveness, thereby fueling market growth.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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