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| Dimension | Value |
|---|---|
| Total Market Size (million USD) | 2500 |
| Annual Growth Rate (%) | 8.5 |
| Major Application Sectors | Automotive, Aerospace, Industrial Machinery |
| Key Rare Earth Elements Used | Neodymium, Dysprosium, Praseodymium |
| Global Exporting Regions | Asia, Europe, North America |
| Major Challenges in the Industry | Supply Chain Disruptions, Environmental Regulations |
| Innovations Driving Growth | Automated Manufacturing, Recycling Technologies |