The Neodymium Global Market Report 2023, provides comprehensive information on the neodymium market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Neodymium Global Market Report 2023, the global neodymium market size is expected to grow from $3.10 billion in 2022 to $3.33 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global neodymium market size is expected to reach $4.25 billion in 2027 at a CAGR of 6.3%.
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Technological advancements are a key trend gaining popularity in the neodymium market. Major companies operating in the neodymium market are focused on developing new technological solutions to strengthen their position. For instance, in April 2022, Ucore Rare Metals Inc., a Canada-based provider of extraction and separation technologies for rare and critical metal resources, launched ‘RapidSX’ rare earth elements separation technology. It is uniquely designed to separate both light and heavy REEs (rare earth elements) for producing high-quality REOs (rare earth oxides) and it can process REEs in the range of 1,000 to 10,000+ tonnes per annum. It uses conventional solvent extraction processes but with faster kinetics for the production of commercial-grade rare earth oxides.
The neodymium market is segmented:
1) By Products: Neodymium Metal, Neodymium Nitrate, Neodymium Oxide
2) By Application: Permanent Magnets, Catalysts, Laser Crystals, Neodymium Glasses, Electric Capacitors, Metallurgy
3) By End User: Automotive, Electrical and Electronics, Wind Energy, Other Users
Asia-Pacific was the largest region in the neodymium market in 2022.
Top Major Players
Arafura Rare Earths Limited,
China Rare Earth Holdings Limited,
Lynas Rare Earths Ltd.,
Metall Rare Earth Limited,
HEFA Rare Earth Canada Co. Ltd.
The table of contents in TBRC’s neodymium market report includes:
- Executive Summary
- Neodymium Market Characteristics
- Neodymium Market Trends And Strategies
- Neodymium Market – Macro Economic Scenario
- Neodymium Market Size And Growth
- Neodymium Market Segmentation
- Neodymium Market Regional And Country Analysis
………………
- Key Mergers And Acquisitions In The Neodymium Market
- Neodymium Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Neodymium Market, Segmentation By Products, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Neodymium Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Neodymium Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 46: Arafura Rare Earths Limited Financial Performance
Table 47: China Rare Earth Holdings Limited Financial Performance
Table 48: Lynas Rare Earths Ltd. Financial Performance
Table 49: Metall Rare Earth Limited Financial Performance
Table 50: HEFA Rare Earth Canada Co. Ltd. Financial Performance
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