Industry Analysis
According to Data Bridge Market Research, the neodymium market was worth USD 554.83 million in 2021 and is expected to grow at a CAGR of 4.40% from 2022 to 2029, reaching a value of USD 783.00 million. Along with the market's value, growth rate, segments, geographical coverage, players, and scenario, the market report created by the Data Bridge Market Research team also includes extensive expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis, and technological advancements.
Neodymium Market analysis report figures out market landscape, brand awareness, latest trends, possible future issues, industry trends and customer behavior so that the business can stand high in the crowd. It includes extensive research on the current conditions of the industry, potential of the market in the present and the future prospects from various angles. This market report comprises of data that can be pretty essential when it comes to dominating the market or making a mark in the Chemical and Materials industry as a new emergent. To bestow clients with the best results, Data bridge market research document is produced by using integrated approaches and latest technology.
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Market Insights and Scope
Neodymium is a rare-earth metal with the atomic number of 60 and is denoted by the symbol Nd. This silvery-white metal is ductile and malleable, but it can easily tarnish in the presence of moisture and air. When exposed to air, neodymium can readily oxidize, forming Nd2O3 oxide, which can easily flake off, exposing the metal to further oxidation. As a result, it must be stored in a sealed plastic container, vacuum, or an environment that is unreactive.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the Chemicals and Materials industry. Quality and transparency are strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and Size
The neodymium market is segmented on the basis of products, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Products
• Neodymium Metal
• Neodymium Nitrate
• Neodymium Oxide
Application
• Magnets
• Catalysts
• Ceramics and Glass
• Others
End User
• Automotive
• Electrical and Electronics
• Wind Energy
• Others
Market Country Level Analysis
The countries covered in the neodymium market report are
• 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.
Industry Share Analysis
Some of the major players operating in the neodymium market are:
• 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)
• Alkane Resources Ltd (Australia)
• Infinium Metals. (U.S)
Neodymium Market Report Answers the Following Questions:
What factors are driving the growth of the Neodymium Market?
What are the end-user industries for Neodymium Market?
How has the demand for Neodymium Market changed over time?
What is the future outlook for the Neodymium Market?
What are the major players in the Neodymium Market?
How has the COVID-19 pandemic affected the Neodymium Market?
What are the challenges faced by the Neodymium Market?
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