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Neodymium Global Market By Application, By Type, By Product Density, By Technology, By End User And Regional Forecast 2023-2032 | MP Materials Corp., Peak Rare Earths, Infinium Metals, Greenland Minerals Ltd., Alkane Resources Ltd.
Neodymium Market
Neodymium Market Size, Growth Rate, And Forecast
The global neodymium market size is expected to grow from $3.10 billion in 2022 to $3.33 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global neodymium market size is expected to reach $4.25 billion in 2027 at a CAGR of 6.3%.
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Neodymium Market Drivers
Demand for electric vehicles across the world is expected to propel the neodymium market's growth going forward. Electric vehicles are vehicles that are powered fully on electric power or partially powered and operate on an electric engine instead of a conventional combustion engine.
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Neodymium Market Segments
• By Products: Neodymium Metal, Neodymium Nitrate, Neodymium Oxide
• By Application: Permanent Magnets, Catalysts, Laser Crystals, Neodymium Glasses, Electric Capacitors, Metallurgy
• By End User: Automotive, Electrical and Electronics, Wind Energy, Other Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Neodymium market.
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Neodymium Market Key Players
Major players in the Neodymium market are Arafura Rare Earths Limited, China Rare Earth Holdings Limited, Lynas Rare Earths Ltd., Metall Rare Earth Limited, HEFA Rare Earth Canada Co. Ltd., Alkane Resources Ltd., Neo Performance Materials Inc., Lenntech Water Treatment Solutions, Australian Strategic Material Ltd., American Elements, Noah Technologies Corporation, MP Materials Corp., Peak Rare Earths, Rainbow Rare Earths Limited, Texas Mineral Resources Corp., Greenland Minerals Ltd., GanZhouQianDong Rare Earths Group Co Ltd., Alkane Resources Ltd., Infinium Metals, and Avalon Advanced Materials Inc.
The Business Research Company's "Global Neodymium Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Neodymium Market Include:
1. Executive Summary
2. Neodymium Market Characteristics
3. Neodymium Market Trends And Strategies
4. Neodymium Market - Macro Economic Scenario
5. Neodymium Market Size And Growth
.....
26. Africa Neodymium Market
27. Neodymium Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Neodymium Market
29. Neodymium Market Future Outlook and Potential Analysis
30. Appendix
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