The global Permanent Magnet Market is expected to reach USD 88.51 billion by 2030, up from USD 58.87 billion in 2025, representing a Compound Annual Growth Rate (CAGR) of 8.5%. These magnets, which generate a magnetic field without external sources, are vital for various applications. High-performance magnets are in demand, especially in the energy and environmental sectors for grid storage applications. The rise in Electric Vehicle (EV) adoption also fuels the market growth. However, the market faces challenges such as fluctuating raw material costs. Key players include Proterial, Ltd., Arnold Magnetic Technologies, TDK Corporation, and others. The market drivers include an increase in wind turbine installations, while opportunities arise from the growing demand for these magnets.