Global Neodymium Market report gives out all-inclusive study about production capacity, consumption, import and export for all the major regions across the world. Incredible industry insights and know-how of the greatest market opportunities into the industry required for successful business growth can be gained with this market research report. Business intelligence has been employed here to generate this market report which is a vital aspect when it comes to accomplish thorough and wide-ranging market insights. The winning Neodymium report provides market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios.
The large scale Neodymium report is of a great value for both usual and emerging market players in the industry and provides in-depth market insights. Additionally, this market report has been prepared by applying the best and standard analytical methods which are SWOT analysis and Porter’s Five Forces analysis. These methods analyse and evaluate all the primary and secondary research data in this report. Further, the numerical and statistical data, facts and figures are represented with the help of charts, graphs and tables in this market analysis report so that users can have better understanding. Neodymium market survey report is bestowed with full allegiance to provide the best service and recommendations.
Data ridge 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.
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)
Market Overview
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.
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.
Restraints/ Challenges
As fluctuation in the price of raw materials which depends on the manufacturers to either absorb extra costs or rise the prices of the products. The demand for neodymium metals is dependent on the demand for its uses. Moreover, the demand for the applications is maximum dependent on the end-user industries. Hence, the neodymium metal has a double supply chain, which upsurges the final price demanded by manufacturers. So these are the major market that restrains the market and obstructs the market's growth rate.
This neodymium market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the neodymium market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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