Neodymium Global Market Report 2024

Description

“Neodymium Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on neodymium market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for neodymium? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The neodymium market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: Arafura Rare Earths Limited; China Rare Earth Holdings Limited; Lynas Rare Earths Ltd.; Metall Rare Earth Limited; HEFA Rare Earth Canada Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Neodymium is a metallic element belonging to the rare-earth family, displaying a color spectrum from silver-white to yellow. It possesses the ability to conduct heat and electricity, and can be fashioned into sheets. This metal is prominently utilized in the creation of potent permanent magnets.

Neodymium manifests in various forms, with neodymium metal, neodymium nitrate, and neodymium oxide being the primary types. These products find applications in diverse fields, including the manufacturing of permanent magnets, catalysts, laser crystals, neodymium glasses, electric capacitors, and metallurgy. Neodymium, a trivalent rare-earth metal, coexists with cerium and other rare-earth metals. Its applications span across industries such as automotive, electrical and electronics, wind energy, and others.

The neodymium market research report is one of a series of new reports from The Business Research Company that provides neodymium market statistics, including neodymium industry global market size, regional shares, competitors with a neodymium market share, detailed neodymium market segments, market trends and opportunities, and any further data you may need to thrive in the neodymium industry. This neodymium market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The neodymium market size has grown strongly in recent years. It will grow from $3.34 billion in 2023 to $3.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The expansion observed during the historical period can be credited to various factors, including the boom in electronics, initiatives promoting green energy, industrialization in emerging markets, consumer preferences, and adherence to environmental regulations.

The neodymium market size is expected to see strong growth in the next few years. It will grow to $4.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The anticipated growth in the forecast period can be linked to several factors, including the electric vehicle (EV) revolution, the expansion of renewable energy, the implementation of 5G technology, a focus on strategic resource security, initiatives promoting a circular economy, and increased emphasis on research and development (R&D) and innovation. Key trends expected in the forecast period encompass heightened demand for electric vehicles (EVs), wider applications of renewable energy, concerns and volatility in the supply chain and prices, technological advancements, initiatives in recycling, the formation of strategic alliances, market consolidation, and changes in regulatory frameworks.

The anticipated surge in global electric vehicle demand is expected to be a driving force behind the growth of the neodymium market. Electric vehicles, whether fully electric or partially powered by electricity, operate on electric engines rather than traditional combustion engines. Neodymium plays a crucial role as the optimal magnet in electric vehicle motors, facilitating the conversion of electricity into motion. The International Energy Agency reported a significant 9% increase in electric car sales from 6.6 million to 16.5 million in 2021, with electric cars constituting 60% of new car sales. Consequently, the escalating demand for electric vehicles is a key factor propelling the growth of the neodymium market.

The increasing demand for electronic devices, including smartphones, laptops, and tablets, is poised to drive the growth of the neodymium market. Electronic devices encompass gadgets that enable the use or access of remote computing, electronic communication, or location information services. Neodymium magnets find widespread application in the speakers of electronic devices, particularly smartphones, laptops, and tablets. Engineered to be compact and lightweight while delivering high performance, these magnets contribute to generating high-fidelity sound within small enclosures. With the global smartphone user base estimated to reach 6.6 billion in 2022, experiencing a 4.9% annual increase from 2021, and the projection of 294.15 million smartphone users in the United States in January 2022, representing nearly 85% of American adults, the growing demand for electronic devices is a significant driver of neodymium market growth.

Technological advancements emerge as a prominent trend gaining momentum in the neodymium market. Major companies in the industry are actively engaged in developing innovative technological solutions to enhance their market positions. Ucore Rare Metals Inc., a Canada-based provider of extraction and separation technologies for rare and critical metal resources, introduced the 'RapidSX' rare earth elements separation technology in April 2022. This technology, designed for the separation of both light and heavy rare earth elements (REEs), boasts faster kinetics in conventional solvent extraction processes, enabling the production of high-quality rare earth oxides at processing capacities ranging from 1,000 to 10,000+ tonnes per annum.

Strategic collaborations with major manufacturing companies represent a key focus for major players in the neodymium market to strengthen their positions. These collaborations empower companies to form alliances with firms possessing the requisite expertise to translate conceptual ideas into tangible realities. In July 2022, General Electric (GE) Renewable Energy, a US-based renewable energy manufacturing and services company, entered into a non-binding memorandum of understanding (MoU) with Arafura Resources Limited, an Australia-based mineral exploration company specializing in rare earth elements. The collaboration aims to establish a sustainable supply chain for neodymium and praseodymium (NdPr), crucial components for the energy transition.

In April 2023, Neo Performance Materials Inc., a Canada-based chemical industry company, acquired a majority stake in SG Technologies Group Limited, a UK-based manufacturer of rare-earth-based high-performance magnetic components and assemblies. This acquisition positions Neo to commence sintered rare earth magnet production in Estonia by 2025, catering to markets such as electric vehicles, electronics, energy-saving specialized motor applications, and other emerging technology applications, thereby expanding its rare earth processing and magnet manufacturing footprint in Europe.

Major companies operating in the neodymium market report are Arafura Rare Earths Limited, China Rare Earth Holdings Limited, Lynas Rare Earths Ltd., Metall Rare Earth Limited, HEFA Rare Earth Canada Co. Ltd., Alkane Resources Ltd., Neo Performance Materials Inc., Lenntech Water Treatment Solutions, Australian Strategic Material Ltd., MP Materials Corp., Peak Rare Earths, Rainbow Rare Earths Limited, Texas Mineral Resources Corp., Greenland Minerals Ltd., GanZhouQianDong Rare Earths Group Co. Ltd., Infinium Metals, Avalon Advanced Materials Inc., Rare Element Resources Ltd., Northern Minerals Limited, Medallion Resources Ltd., Ucore Rare Metals Inc., Rare Earth Salts Separations & Refining LLC, Molycorp Inc., Neo Material Technologies, Shenghe Resources Holding Co. Ltd., China Northern Rare Earth Group High-Tech Co. Ltd., JXTC Rare Earth Co. Ltd., Baotou Steel Rare-Earth Co. Ltd., Chinalco Rare Earth Co. Ltd., Tongling Nonferrous Metals Group Co. Ltd

Asia-Pacific was the largest region in the neodymium market in 2023. The regions covered in the neodymium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the neodymium market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The neodymium market consists of sales of N35 magnet grade, N38 magnet grade and N40 magnet grade. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11166

1. Executive Summary

2. Neodymium Market Characteristics

3. Neodymium Market Trends And Strategies

4. Neodymium Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Neodymium Market Size and Growth

5.1. Global Neodymium Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Neodymium Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Neodymium Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Neodymium Market Segmentation

6.1. Global Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Neodymium Metal
Neodymium Nitrate
Neodymium Oxide
6.2. Global Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Permanent Magnets
Catalysts
Laser Crystals
Neodymium Glasses
Electric Capacitors
Metallurgy
6.3. Global Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Automotive
Electrical and Electronics
Wind Energy
Other Users

7. Neodymium Market Regional And Country Analysis

7.1. Global Neodymium Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Neodymium Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Neodymium Market

8.1. Asia-Pacific Neodymium Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Neodymium Market

9.1. China Neodymium Market Overview
9.2. China Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Neodymium Market

10.1. India Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Neodymium Market

11.1. Japan Neodymium Market Overview
11.2. Japan Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Neodymium Market

12.1. Australia Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Neodymium Market

13.1. Indonesia Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Neodymium Market

14.1. South Korea Neodymium Market Overview
14.2. South Korea Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Neodymium Market

15.1. Western Europe Neodymium Market Overview
15.2. Western Europe Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Neodymium Market

16.1. UK Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Neodymium Market

17.1. Germany Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Neodymium Market

18.1. France Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Neodymium Market

19.1. Italy Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Neodymium Market

20.1. Spain Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Neodymium Market

21.1. Eastern Europe Neodymium Market Overview
21.2. Eastern Europe Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Neodymium Market

22.1. Russia Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Neodymium Market

23.1. North America Neodymium Market Overview
23.2. North America Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Neodymium Market

24.1. USA Neodymium Market Overview
24.2. USA Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Neodymium Market

25.1. Canada Neodymium Market Overview
25.2. Canada Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Neodymium Market

26.1. South America Neodymium Market Overview
26.2. South America Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Neodymium Market

27.1. Brazil Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Neodymium Market

28.1. Middle East Neodymium Market Overview
28.2. Middle East Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Neodymium Market

29.1. Africa Neodymium Market Overview
29.2. Africa Neodymium Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Neodymium Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Neodymium Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Neodymium Market Competitive Landscape And Company Profiles

30.1. Neodymium Market Competitive Landscape
30.2. Neodymium Market Company Profiles
- 30.2.1. Arafura Rare Earths Limited
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. China Rare Earth Holdings Limited
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Lynas Rare Earths Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Metall Rare Earth Limited
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. HEFA Rare Earth Canada Co. Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Neodymium Market Competitive Benchmarking

32. Global Neodymium Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Neodymium Market

34. Neodymium Market Future Outlook and Potential Analysis

34.1 Neodymium Market In 2028 - Countries Offering Most New Opportunities
34.2 Neodymium Market In 2028 - Segments Offering Most New Opportunities
34.3 Neodymium Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer