PUBLISHER: Value Market Research | PRODUCT CODE: 1288802
PUBLISHER: Value Market Research | PRODUCT CODE: 1288802
The global demand for Neodymium Market is presumed to reach the market size of nearly USD 14.3 BN by 2030 from USD 3.8 BN in 2022 with a CAGR of 18% under the study period of 2022 - 2030. Regarding volume, the market was calculated XX Tons in 2022 and forecast to touch XX Tons by 2030 with a CAGR of XX% during 2023-2030.
Neodymium, a chemical element with atomic number 60 and the symbol Nd, is a rare earth metal that is part of the lanthanide series, a set of 15 metallic elements known for their unique magnetic and catalytic properties. Neodymium is a vital element that has a wide range of important applications in modern technology. It is often used to produce high-strength magnets, lasers, and other high-tech applications.
The growing demand for high-strength magnets, which find use in a wide range of applications, namely motors, generators, and speakers, has contributed to the growing demand for neodymium. Moreover, the increasing use of lasers in various industrial and scientific applications, such as medicine, manufacturing and research, drives the market growth. The growing demand for renewable energy sources due to weather change and the need to reduce reliance on fossil fuels has propelled the neodymium market growth. In addition, the increasing demand for electric vehicles to reduce air pollution and carbon emissions has boosted the demand for neodymium. However, the limited supply of this rare earth metal may hamper the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of neodymium. The growth and trends of Neodymium Industry provide a holistic approach to this study.
This section of the neodymium market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Neodymium market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the neodymium market include ARAFURA RESOURCES, China Rare Earth Holdings Limited, Lynas Rare Earths Ltd., METALL RARE EARTH LIMITED, MP MATERIALS, Peak Rare Earths, Rainbow Rare Earths Limited, Texas Mineral Resources Corp., HEFA Rare Earth, Greenland Minerals Ltd.. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.