Neodymium Market Size, Share & Research Report 2022 to 2030

The global Neodymium market size is expected to be worth around US$ 6.40 billion by 2030, according to a new report by Vision Research Reports.

The global Neodymium market size was valued at US$ 3.25 billion in 2020 and is anticipated to grow at a CAGR of 5.8% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 6.40 Billion by 2030
Growth Rate CAGR of 5.8% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Application, End use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Arafura Resources Ltd.;Lynas Rare Earths Ltd.;Avalon;Rainbow Rare Earths Limited;METALL RARE EARTH LIMITED;Hefa Rare Earth; Greenland Minerals

Growth Factors

Neodymium-based magnets are used in a variety of consumer and automotive electronic products. The products such as air conditioning inverters, washing machines and dryers, refrigerators, laptops, computers, and various loudspeakers require permanent magnets for their functioning. The emerging middle-class population is likely to drive the demand for these products, thus benefiting the growth of the market.

The demand for magnets in various end-use industries such as green energy and automotive is projected to boost the market growth over the forecast period. Neodymium and its compounds are used in a variety of applications, among which neodymium-iron-boron (NdFeB) is the key product with the highest demand across several applications. NdFeB magnets have a high strength-to-weight ratio, which has reduced the sizes of electric motor systems for communication, computation, and small consumer products.

By Application Analysis

Magnets held the largest volume share of over 65.0% in 2020. Neodymium along with iron and boron makes a very strong permanent magnet. This has led to the development of small-size electronics such as smartphones, computer hard drives, loudspeakers, and various consumer and automotive electronic products.

NdFeB magnets also find applications in electric and hybrid vehicles. Global focus on electric vehicles owing to a rise in vehicle emissions is projected to benefit the market growth.

The glass and ceramics application segment is projected to grow at a moderate pace over the forecast period. It acts as coloring and decoloring agents in glasses and with glass, it can produce colors such as warm grey, wine red, and violet.

By End-use Analysis

The automotive segment dominated the market with a revenue share of over 56.0% in 2020 and is likely to maintain its position during the forecast period. Neodymium (Nd) magnets are widely used in automotive applications, such as energy transmission systems, vehicle multimedia systems, electronic control units, and automotive safety and information system.

The rapid expansion of the electric vehicles market is anticipated to drive the neodymiumindustry on account ofthe rising demand for electric motors and automotive electronics.

The wind energy segment is projected to expand at the fastest revenue-based CAGR of 6.6% from 2021 to 2030. The increasing shift towards non-renewable energy and sustainable energy practices is anticipated to attract wind turbine demand, thus positively affecting the market growth

By Regional Analysis

Asia Pacific dominated the market with a revenue share of over 85.0% in 2020. The sheer volume and growth of Asia Pacific are mainly led by China. regions such as North America and Europe have started expanding their regional markets through government funding and programs. The European Commission has graded rare earth elements (REE) as the highest critical raw materials.

Key Players

  •  Arafura Resources Ltd.
  • Lynas Rare Earths Ltd.
  • Avalon
  • Rainbow Rare Earths Limited
  • METALL RARE EARTH LIMITED
  • Hefa Rare Earth
  • Greenland Minerals

Market Segmentation

  • By Application
    • Magnets
    • Catalysts
    • Ceramics &Glass
    • Others
  • By End-use
    • Automotive
    • Electrical & Electronics
    • Wind Energy
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa (MEA)
      • South Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Neodymium Market, By Application

7.1.  Neodymium Market, by Application, 2021-2030

7.1.1.    Magnets

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Catalysts

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Ceramics &Glass

7.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Neodymium Market, By End-use

8.1.  Neodymium Market, by End-use, 2021-2030

8.1.1.    Automotive

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Electrical & Electronics

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Wind Energy

8.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Neodymium Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Application (2017-2030)

9.1.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Application (2017-2030)

9.2.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Application (2017-2030)

9.3.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Application (2017-2030)

9.4.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Application (2017-2030)

9.5.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

Chapter 10.  Company Profiles

10.1.              Arafura Resources Ltd.

10.1.1.  Company Overview

10.1.2.  Application Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Lynas Rare Earths Ltd.

10.2.1.  Company Overview

10.2.2.  Application Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Avalon

10.3.1.  Company Overview

10.3.2.  Application Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Rainbow Rare Earths Limited

10.4.1.  Company Overview

10.4.2.  Application Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              METALL RARE EARTH LIMITED

10.5.1.  Company Overview

10.5.2.  Application Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Hefa Rare Earth

10.6.1.  Company Overview

10.6.2.  Application Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Greenland Minerals

10.7.1.  Company Overview

10.7.2.  Application Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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