Bangladesh is experiencing a growing demand for permanent magnets, driven by the expansion of its industrial sector, especially in electronics, manufacturing, and renewable energy. As the country strengthens its position as a center for electronics production, the use of permanent magnets in components such as motors, sensors, and speakers is on the rise. The renewable energy industry-particularly solar and wind power-is also contributing to this upward trend. Moreover, the nation's increasing focus on sustainable transportation, including the adoption of electric vehicles, is expected to further accelerate the demand for permanent magnets used in EV motors in the near future.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook