Neodymium Market to Reach USD 783.00 million by 2029
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Industry Analysis
According to Data Bridge Market Research, the neodymium market was estimated to be worth USD 554.83 million in 2021 and is predicted to grow to USD 783.00 million by 2029, demonstrating a CAGR of 4.40% from 2022 to 2029. The market report created by the Data Bridge Market Research team not only provides market value, growth rate, market segments, geographical spread, market players and market scenario but also includes extensive expert analysis, import/export evaluation, pricing examination, production and consumption evaluation, patent analysis, and technological advancements.
A meticulous study of the competitive landscape of the market has been given in the Neodymium Market survey document along with the insights of the companies, financial status, trending developments, mergers, acquisitions and SWOT analysis. This market research will give a clear and specific idea to the readers about the overall market to take valuable decisions. The document focuses on the leading global industry players providing information such as company profiles, specifications, capacity, cost, revenue and contact information. An influential Data bridge market research report also offers comprehensive statistics on important aspects such as growth drivers, challenges and industry prospects.
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Market Insights and Scope
Neodymium, with atomic number 60 and symbol Nd, is a rare-earth metal. It is a malleable and ductile silver-white metal that rapidly tarnishes when exposed to moisture and air. It readily oxidizes in air and forms an oxide, Nd2O3, which easily flakes, leaving the metal vulnerable to further oxidation. Therefore, it must be stored in airtight plastic or maintained in a vacuum or non-reactive environment.
Additionally, the credible Neodymium Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for chemical and materials industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.
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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
End User
Automotive
Electrical and Electronics
Wind Energy
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)
Neodymium Market Report Answers the Following Questions:
What is the current market size of the neodymium market?
What is the projected growth rate of the neodymium market?
Which industries and applications drive demand for neodymium?
What is the impact of COVID-19 on the neodymium market?
Who are the key players in the neodymium market?
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