Press release
Neodymium Market Outlook 2024: Exclusive Report By The Business Research Company | Arafura Rare Earths Limited, China Rare Earth Holdings Limited, Lynas Rare Earths Ltd., Metall Rare Earth Limited
Neodymium Market Characteristics
The Business Research Company offers in-depth market insights through Neodymium Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The neodymium market size has grown strongly in recent years. It will grow from $3.34 billion in 2023 to $3.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to electronics boom, green energy initiatives, industrialization in emerging markets, consumer preferences, environmental regulations.
The neodymium market size is expected to see strong growth in the next few years. It will grow to $4.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to electric vehicle (ev) revolution, renewable energy expansion, 5g technology implementation, strategic resource security, circular economy initiatives, r&d and innovation. Major trends in the forecast period include increased demand in electric vehicles (evs), renewable energy applications, supply chain concerns and price volatility, technological advancements, recycling initiatives, strategic alliances and market consolidation, regulatory changes.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=9511&type=smp
Market Segmentation:
The neodymium market covered in this report is segmented -
1) By Products: Neodymium Metal, Neodymium Nitrate, Neodymium Oxide
2) By Application: Permanent Magnets, Catalysts, Laser Crystals, Neodymium Glasses, Electric Capacitors, Metallurgy
3) By End User: Automotive, Electrical and Electronics, Wind Energy, Other Users
Major Driver - Neodymium Market Surges On Soaring Global Demand For Electric Vehicles
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. Neodymium is used as the optimum magnet in motors for electric vehicles because it helps transform electricity into motion, so demand for electric vehicles will propel market growth. For instance, in May 2022, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, sales of electric cars increased by 9%, from 6.6 million to 16.5 million in 2021, with electric cars accounting for 60% of new car sales. Therefore, the demand for electric vehicles is driving the growth of the neodymium market.
Competitive Landscape:
Major companies operating in the neodymium market report 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., MP Materials Corp., Peak Rare Earths, Rainbow Rare Earths Limited, Texas Mineral Resources Corp., Greenland Minerals Ltd., GanZhouQianDong Rare Earths Group Co. Ltd., Infinium Metals, Avalon Advanced Materials Inc., Rare Element Resources Ltd., Northern Minerals Limited, Medallion Resources Ltd., Ucore Rare Metals Inc., Rare Earth Salts Separations & Refining LLC, Molycor*p Inc., Neo Material Technologies, Shenghe Resources Holding Co. Ltd., China Northern Rare Earth Group High-Tech Co. Ltd., JXTC Rare Earth Co. Ltd., Baotou Steel Rare-Earth Co. Ltd., Chinalco Rare Earth Co. Ltd., Tongling Nonferrous Metals Group Co. Ltd. .
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/neodymium-global-market-report
Top Trend - Innovative Technology Reshapes Industry Dynamics
Technological advancements are a key trend gaining popularity in the neodymium market. Major companies operating in the neodymium market are focused on developing new technological solutions to strengthen their position. For instance, in April 2022, Ucore Rare Metals Inc., a Canada-based provider of extraction and separation technologies for rare and critical metal resources, launched 'RapidSX' rare earth elements separation technology. It is uniquely designed to separate both light and heavy REEs (rare earth elements) for producing high-quality REOs (rare earth oxides) and it can process REEs in the range of 1,000 to 10,000+ tonnes per annum. It uses conventional solvent extraction processes but with faster kinetics for the production of commercial-grade rare earth oxides.
The Table Of Content For The Market Report 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
…..
27. Neodymium Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Neodymium Market Outlook 2024: Exclusive Report By The Business Research Company | Arafura Rare Earths Limited, China Rare Earth Holdings Limited, Lynas Rare Earths Ltd., Metall Rare Earth Limited here
News-ID: 3426736 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Neo
Horizon Neo ANC Earbuds Review 2022:(Must Read!) Facts about Horizon Neo ANC Ear …
To illustrate how far technology has come, think of earphones. However, that is not all. Small wireless earphones with strong batteries have also been developed and are widely used.
The development of active noise cancellation (ANC) technology has progressed the technological field and allowed manufacturers to produce earbuds that allow users to block out background noise and enjoy the finer details of their favourite music or noises.
The Horizon Neo ANC Earbuds…
Smart Intelligent Lithium NEO-Q ENG Battery| NEO SEMITECH
NEO SEMITECH Co., Ltd. is a smart factory-based IoT, ICT application technology company, and Smart Multi Sensing Technology (SMST) Series, Semiconductor measuring equipment, and semiconductor facilities such as the Analog-Digital Converter (ADC) and the Ion Decay Time Analyzer.
NEO SEMITECH Solution: Detects and analyzes all situations that may occur during the operation of a precise and sensitive semiconductor facility. Real-time monitoring and control are possible by applying state-of-the-art information and communication…
NEO Q Battery Pack Product | NEO SEMITECH
NEO SEMITECH CO., LTD. is a smart factory-based company specialized in IoT, ICT application technology. The semiconductor equipment is its main product that consists of Smart Multi Sensing Technology (SMST) Series products, and semiconductor facilities such as the Analog-Digital Converter (ADC) and the Ion Decay Time Analyzer.
Based on its advanced research facilities, excellent research personnel, abundant experience, and accumulated technology, it promises to continue to do its best to…
NEO Q Battery Pack Product | NEO SEMITECH
NEO SEMITECH CO., LTD. is a smart factory-based company specialized in IoT, ICT application technology. The semiconductor equipment is its main product that consists of Smart Multi Sensing Technology (SMST) Series products, and semiconductor facilities such as the Analog-Digital Converter (ADC) and the Ion Decay Time Analyzer.
Based on its advanced research facilities, excellent research personnel, abundant experience, and accumulated technology, it promises to continue to do its best to…
NEO Q Battery Pack Product | NEO SEMITECH
NEO SEMITECH CO., LTD. is a smart factory-based company specialized in IoT, ICT application technology. The semiconductor equipment is its main product that consists of Smart Multi Sensing Technology (SMST) Series products, and semiconductor facilities such as the Analog-Digital Converter (ADC) and the Ion Decay Time Analyzer.
Based on its advanced research facilities, excellent research personnel, abundant experience, and accumulated technology, it promises to continue to do its best to…
Neo and Challenger Bank Market by Type of Bank (Neo Bank and Challenger Bank)
Neo and Challenger Bank Market is registering a CAGR of 50.6% during the forecast period 2016-2020. Neo and challenger bank market has witnessed healthy growth rate in terms of customer base over the past few years, and is expected to witness optimistic growth in the near future.
Access Full Report: https://www.alliedmarketresearch.com/neo-and-challenger-bank-market
The global market is driven by factors such as government regulations, convenience offered to consumers, and low interest rates as compared…
