Industry Analysis
Neodymium market was valued at USD 554.83 million in 2021 and is expected to reach USD 783.00 million by 2029, registering a CAGR of 4.40% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Additionally, the credible Neodymium Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Chemical and Materials industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.
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Market Insights and Scope
Neodymium is found in ore minerals like bastnaesite and monazite. Ion exchange and solvent extraction processes commercially extract it. The augmented awareness about electric vehicles and the successive increase in the demand for these vehicles from customers is the key drivers for the neodymium market. Attributing to its magnetic properties, neodymium has been gathering attention from electronic automotive manufacturers for application in magnetic motors. The manufacturers of electric vehicles are also increasing the adoption of neodymium.
Neodymium is an element which has 60 atomic number and the symbol is Nd. It is considered to be one of the rare-earth metals. Neodymium is malleable and ductile silvery white metal. Which is quickly tarnishes in moisture and air. It oxidizes willingly in air and form an oxide, Nd2O3 which is easily spalls, exposing the metal to further oxidation. This metal must be stored in sealed plastic or placed in vacuum or in an unreactive atmosphere.
Neodymium Market report encompasses various segments linked to Chemical and Materials industry and market with comprehensive research and analysis. These comprise industry outlook with respect to critical success factors (CSFs), industry dynamics that mainly covers drivers and restraints, market segmentation & value chain analysis, key opportunities, application and technology outlook, regional or geographical insight, country-level analysis, key company profiles, competitive landscape, and company market share analysis. All the data, figures and information are backed up by well recognized analysis tools which include SWOT analysis and Porter’s Five Forces analysis. So, take business to the peak level of growth with the all-inclusive Data Bridge Market research report.
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Industry Segmentation and Size
The neodymium market is segmented on the basis of products, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Products
- Neodymium Metal
- Neodymium Nitrate
- Neodymium Oxide
Application
- Magnets
- Catalysts
- Ceramics and Glass
- Others
End User
- Automotive
- Electrical and Electronics
- Wind Energy
- Others
Market Country Level Analysis
The countries covered in the neodymium market report are
- S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
A reliable Neodymium Market marketing report proves to be the finest and excellent market research report as it is formulated with the following critical factors. These consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. The report performs market study and analysis to provide market data by considering new product development from beginning to launch. The Chemical and Materials business report also provides evaluations based on the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
Industry Share Analysis
Some of the major players operating in the neodymium market are:
- Lynas Rare Earth Ltd. (Australia)
- Arafura Resources. (Australia)
- Metall Rare Earth Limited (China)
- HEFA Rare Earth Canada Co. Ltd. (Canada)
- Alkane Resources Ltd (Australia)
- Neo Performance Materials Inc. (Canada)
- China Minmetals Rare Earth Co. Ltd. (China)
- Lenntech B.V (Netherlands)
- NSEROS KLAUS NONNENMACHER GmbH (Germany)
- Australian Strategic Materials Ltd. (Australia)
- American Elements (U.S)
- Noah Chemicals (U.S)
- Avalon Advanced Materials, Inc (Canada)
- Lotus Resources Limited (Australia)
- Canada Rare Earth Corporation (Canada)
- Rainbow Rare Earths Limited (Germany)
- Greenland Minerals Ltd (Australia)
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