The global neodymium market size was USD 2.83 Billion in 2022 and is expected to register a rapid revenue CAGR of 12.3% during the forecast period. Increasing popularity of Electric Vehicles (EVs), rapid expansion of the renewable energy sector especially in wind power energy, and rising adoption of Neodymium-Iron-Boron (NdFeB) magnets in electronics, automotive, and aerospace industries are major factors driving market revenue growth.
The latest report is the most recent study that offers 360° coverage of the Neodymium industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Neodymium market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
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Global Neodymium Market Report – Segmental Analysis:
The global Neodymium business vertical has been extensively categorized on the basis of product type, application gamut, end-user industries, and a competitive overview. The report inspects the current market scenario, its past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available in the market. It further estimates the prospective growth of the leading regional segments of the market, which is beneficial for readers to gain impactful insights into the Neodymium business sector. A clear outline of the competitive landscape of the market is expected to help businesses involved in this sector decipher the optimal business moves to reach their desired business goals.
Type Outlook (Revenue, USD Billion; 2019-2032)
Application Outlook (Revenue, USD Billion; 2019-2032)
Glass and Ceramics
End-Use Outlook (Revenue, USD Billion; 2019-2032)
Electrical and Electronics
This section of the report performs a thorough investigation into the intensely competitive landscape of the global Neodymium market, highlighting the leading manufacturers, strategic initiatives adopted by them, the existing growth prospects, market positions, and market shares held by each participant. The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers & acquisitions, joint ventures, partnerships, corporate deals, and brand promotions. The key industry participants include:
ARAFURA RESOURCES, China Rare Earth Holdings Limited , Lynas Rare Earth Ltd , Metall Rare Earth Ltd , MP Materials , Peak Rare Earth , Rainbow Rare Earth Ltd , Texas Mineral Resources Corporation , HEFA Rare Earth , Greenland Mineral Ltd , IREL (India) Limited, and Australian Strategic Materials Ltd.
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Key Objectives of the Global Neodymium Market Report:
An all-inclusive analysis and forecast estimation of the market have been included in this report.
The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Neodymium market and its leading players.
The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
The report bifurcates the Neodymium market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
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Key Geographies Profiled in the Report:
North America (the U.S., Mexico, and Canada)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Europe (the U.K., France, Germany, and Rest of Europe)
Latin America (Brazil and Rest of Latin America)
Middle East & Africa (GCC Countries and Rest of Middle East & Africa)
The report, additionally, presents a comprehensive analysis of the key elements of the Neodymium market that influence its growth over the projected timeline. These vital elements include the key drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The authors of the report have implemented a set of analytical tools, such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis, to offer strategic recommendations to the new entrants on how to overcome the entry-level barriers.
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