High-purity Dysprosium Market Share Driven by Demand for Advanced Materials in Clean Energy and Electronics | Valuates Reports

High-purity Dysprosium Market Size
The global market for High-purity Dysprosium was valued at US$ 142 million in the year 2024 and is projected to reach a revised size of US$ 204 million by 2031, growing at a CAGR of 5.3% during the forecast period.

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The high-purity dysprosium market is experiencing significant growth, driven by its critical role in advanced technologies such as electric vehicles (EVs), wind turbines, and high-performance electronics. Dysprosium's unique magnetic properties, including high magnetic strength and resistance to demagnetization at elevated temperatures, make it essential in the production of neodymium-iron-boron (NdFeB) magnets. These magnets are pivotal in the efficiency and performance of various green technologies, thereby propelling the market's expansion.

In the type segment, ultra-purity dysprosium (purity >99.99%) is witnessing the fastest growth. This high-purity grade is increasingly demanded in applications requiring superior magnetic properties and thermal stability, such as in aerospace and defense sectors. High-purity dysprosium (purity >99.9%) continues to hold a significant market share due to its widespread application across various industries, offering a balance between performance and cost-effectiveness.

The application segment is led by target material preparation, which accounts for a significant portion of high-purity dysprosium consumption. This is closely followed by alloy manufacturing and reactor control materials, where high-purity dysprosium is utilized for its unique magnetic and thermal properties. The growing adoption of EVs and renewable energy systems is expected to further bolster the demand in these applications, while advancements in magneto-optical materials will drive the need for high-purity dysprosium in specialized optical devices.

Leading companies in the high-purity dysprosium market include Lynas Corporation, MP Materials, Iluka Resources, Rainbow Rare Earths, Arafura Resources, Alkane Resources, Jiangxi Zhongxi Metal Materials, Jiangxi Ketai New Materials, Beijing Kedu Technology, Jining Tianyi New Materials, Weihai Yuansu Metal New Materials Technology, Guangdong Paixin Materials Technology, Baotou Lanthanide New Materials Technology, Zhuozhou Yourong New Materials Technology, and Ningxia Zhongke Oude Technology. These firms are at the forefront of production and innovation, with strategic initiatives focusing on expanding production capacities and enhancing the quality of high-purity dysprosium to meet the growing market demands.

Regionally, Asia-Pacific holds the largest share of the high-purity dysprosium market, with China leading as the primary producer and consumer. The region's robust manufacturing sector and strategic focus on rare earth elements bolster its leading position. North America and Europe are also significant markets, with increasing consumption in the defense, aerospace, and renewable energy sectors. The market is poised for continued growth, supported by technological advancements, strategic investments, and a global shift towards sustainable energy solutions.

by Type

• High-purity Dysprosium (Purity>99.9%)
• Ultra-purity Dysprosium (Purity>99.99%)

by Application

• Target Material Preparation
• Alloy Manufacturing
• Reactor Control Materials
• Magneto-optical Materials
• Others

By Company

Lynas Corporation, MP Materials, Iluka Resources, Rainbow Rare Earths, Arafura Resources, Alkane Resources, Jiangxi Zhongxi Metal Materials, Jiangxi Ketai New Materials, Beijing Kedu Technology, Jining Tianyi New Materials, Weihai Yuansu Metal New Materials Technology, Guangdong Paixin Materials Technology, Baotou Lanthanide New Materials Technology, Zhuozhou Yourong New Materials Technology, Ningxia Zhongke Oude Technology

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This release was published on openPR.