Neodymium Market Size, Share, Trends & Forecast

 "The global  Neodymium Market survey report endows with the basic information about industry, definition, classification, application, industry chain structure, industry overview and international market analysis. This industry analysis report explains market analysis based on regional, local as well as global level. The research studies of this market document helps to evaluate several important parameters that can be mentioned as investment in a rising market, success of a new product, and expansion of market share. It is a comprehensive and proficient Neodymium Market report that focuses on primary and secondary market drivers, market share, leading segments and geographical analysis.

The wide ranging Neodymium Market report offers meticulous investigation of current scenario of the global market, which considers numerous market dynamics. Analytical study of this market document helps in mapping growth strategies to increase sales and build brand image in the market. Few of the major topics covered here can be named as market definition, market segmentation, competitive analysis and research methodology. 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. The large scale Neodymium Market report looks for opportunities in the new geographical market.

Data Bridge Market Research analyses that the 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.

Explore Further Details about This Research Neodymium Market Report https://www.databridgemarketresearch.com/reports/global-neodymium-market

Get a Sample PDF of Neodymium Market Research @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-neodymium-market

Report Scope and Market Segmentation

REPORT METRIC

DETAILS

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD million, Volumes in Units, Pricing in USD

Segments Covered

Products (Neodymium Metal, Neodymium Nitrate, Neodymium Oxide), Application (Magnets, Catalysts, Ceramics and Glass, Others), End-User (Automotive, Electrical and  Electronics, Wind Energy, Others)

Countries Covered

U.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

Market Players Covered

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), GanZhouQianDong Rare Earths Group Co., Ltd. (China), Infinium Metals. (U.S)

Market Opportunities

  • Increase in the number of emerging markets
  • Increasing number of product innovations
  • Rise in strategic collaborations
  • Growing automotive and electronic sector
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Market Definition

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 Dynamics

Drivers

  • Rise the demand for in green energy technologies

Neodymium is widely used for generating energy. Due to global warming, various countries strive to use green energy sources to fulfill their requirement. Thus, wind energy and solar energy have gained momentum. Wind energy is the most effective technique available to generate energy. These wind mills have intrinsic motors made by a special rare-earth magnet called neodymium.

  • Increase the use in permanent magnet

Neodymium are the most widely used in permanent magnet because it is the strongest rare earth-metal. The permanent magnet contains boron, iron, and neodymium alloy having an Nd2Fe14B tetragonal crystalline structure. Amongst different qualities of magnets like N42, N38SH, N52, N50, N48, N38, and N35 are available in the market, N52 is considered the highest grade and strongest and highest grade of neodymium magnets. 

  • Rise the use in glass industry

Neodymium is mainly used as a colorant for glasses. When neodymium is added to glass, it can produce colors ranging from pure violet to wine red through to warm grey. It is also used to remove the green color from the glass which has induced by the presence of iron. Neodymium consisting glasses can be used for astronomical work to sharp bands for the standardization of spectral lines, as an alternative to ruby in lasers for producing coherent light and filter for infrared radiation these factors are expected to drive the growth of the neodymium market.

Opportunities

Magnets held the major volume share of during the forecast period. Neodymium along with boron and iron makes a very strong permanent magnet. This has led to the growth of small-size electronics like loudspeakers, smartphones, computer hard drives, and several automotive electronic products and consumers.  With the rising population needs and the growing middle-class population, the demand for electronics is expected to grow in the long run, driving the market for neodymium and further boosting beneficial opportunities for the market's growth rate.

How Neodymium Market Report Would Be Beneficial?

  • Anyone who are directly or indirectly connected in value chain of Global Neodymium Market industry and needs to have Know-How of market trends
  • Marketers and agencies doing their due diligence
  • Analysts and vendors looking for Neodymium Market intelligence about Neodymium Market Industry
  • Competition who would like to correlate and benchmark themselves with market position and standings in current scenario

Why choose Data Bridge Market Research?

  • Modern technologies, such as artificial intelligence, to provide updated industry growth.
  • DBMR team provides clients with the top notch Neodymium Market research report.
  • Interaction with research scientists and development heads to understand the nature of the Neodymium Market more precisely.
  • 24/7 availability of services.
  • Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.

DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Neodymium Market size

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