North America Neodymium Market Growing Trend, Demand and Future Outlook 2030

Reports and Data estimates the global Neodymium competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2030 as the forecast period. The report offers CAGR and market size for the global Neodymium during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Lynas Rare Earth Ltd., Arafura Resources, Metall Rare Earth Limited, HEFA Rare Earth Canada Co. Ltd., Alkane Resources Ltd., Neo Performance Materials Inc., China Minmetals Rare Earth Co. Ltd., GanZhou QianDong Rare Earths Group Co. Ltd., Lenntech, Australian Strategic Materials Ltd., American Elements, Noah Technologies Corporation, Rainbow Rare Earths Limited, Greenland Minerals, Avalon Advanced Materials Inc.

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Neodymium Overview :-

The global neodymium market size was significantly robust in 2021, and is expected to register a rapid revenue CAGR over the forecast period. One of the key factors boosting the global market revenue growth is rising demand for neodymium magnet – one of the strongest rare-earth magnets – in various industries including consumer electronics, automotive, wind energy, and healthcare industries.

Neodymium is a lustrous silvery-yellow metal and one of the more reactive lanthanides – a group of similar metals known as ‘rare earth elements.’ The element was first discovered in 1841 by Swedish chemist Carl Gustaf Mosander, who extracted a rose-colored oxide from cerite and named it didymium. However, didymium was divided into two new components, namely, neodymium and praseodymium, by Austrian chemist Carl Auer von Welsbach in 1885. Neodymium is generally found in two allotropic forms and exists in its compounds as a trivalent ion, which is represented as Nd3+. Two most commonly used methods for obtaining neodymium from its salts are ion-exchange and solvent extraction. It is one of the most abundant rare-earth elements and is present in all lanthanide minerals including bastnasite and monazite. Countries that are leading producers of this metal include the U.S., Brazil, Russia, Australia, China, India, and Sri Lanka.

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For the purpose of this report Reports and Data has segmented global Neodymium market on the basis of type, application, and region:

Application Outlook (Revenue, USD Billion; 2019-2030)

  • Catalyst
  • Magnet
  • Sintered magnets
  • Bonded magnets
  • Electric Capacitors
  • Laser Crystals
  • Glass
  • Ceramics
  • Others

End-use Industry Outlook (Revenue, USD Billion; 2019-2030)

  • Consumer Electronics
  • Automotive
  • Wind Energy
  • Healthcare
  • Others

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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 Key Questions answered by the Report:

  • What is the expected year-on-year growth of the Neodymium during the forecast period?
  • What key trends are expected influence revenue growth of the market going ahead?
  • Which region is expected to account for largest revenue share over the forecast period?
  • Which key companies are profiled in the report?

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