Magnets and Magnetic Materials Market Forecast 2023-2028
October 25, 2023 ⚊ 1 Min read ⚊ Views 44 ⚊ BUSINESSThe magnets and magnetic materials market is driven by a host of factors, some of which are noted below:
Surging product demand owing to its cost-effectiveness and high throughput in electronic products. Magnets are now used in every field.
The microphone used in electric motors in cars, all consists of magnets.
Moreover, it finds widespread usage in the medical industry, in magnetic resonance imaging, where powerful magnets in combination with radio waves help in diagnosing different conditions inside the body.
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