Global Neodymium Market Size & Outlook, 2025-2030
Global neodymium market, 2018-2030 (US$M)
Related Markets
Global neodymium market highlights
- The global neodymium market generated a revenue of USD 5,279.9 million in 2024 and is expected to reach USD 7,296.6 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 6.7% by 2030.
- In terms of segment, magnets accounted for a revenue of USD 3,197.8 million in 2024.
- Magnets is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 5,279.9 million |
| Market revenue in 2030 | USD 7,296.6 million |
| Growth rate | 6.7% (CAGR from 2025 to 2030) |
| Largest segment | Magnets |
| Fastest growing segment | Magnets |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Magnets, Catalysts, Ceramics & glass |
Other key industry trends
- In terms of revenue, the North America accounted for 1.7% of the global neodymium market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 5,248.0 million by 2030.
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Neodymium Market Scope
Neodymium Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Energy Transition Minerals | View profile | 51-100 | Subiaco, Western Australia, Australia, Oceania | http://www.ggg.gl/ |
| Rare Earth Global | View profile | 1-10 | Saffron Walden, Essex, United Kingdom, Europe | https://www.rareearthglobal.com/ |
| Arafura Rare Earths Ltd | View profile | 6 | 432 Murray Street, Level 6, Perth, WA, Australia, 6000 | https://www.arultd.com |
| Texas Mineral Resources Corp | View profile | 2 | 539 El Paso Street, Sierra Blanca, TX, United States, 79851 | https://www.tmrcorp.com |
| Rainbow Rare Earths Ltd | View profile | 32 | St Julian's Avenue, Connaught House, Saint Peter Port, Guernsey, GY1 3EL | https://www.rainbowrareearths.com |
| Peak Rare Earths Ltd | View profile | 1 | 190 St Georges Terrace, Level 9, Perth, WA, Australia, 6000 | https://www.peakresources.com.au |
| MP Materials Corp Ordinary Shares - Class A | View profile | 681 | 1700 S. Pavilion Center Drive, 8th Floor, Las Vegas, NV, United States, 89135 | https://www.mpmaterials.com |
| Lynas Rare Earths Ltd | View profile | 911 | 1 Howard Street, Level 4, Perth, WA, Australia, 6000 | https://www.lynascorp.com |
| China Rare Earth Holdings Ltd | View profile | 360 | Dingshu Town, Jiangsu Province, Yixing, China, People's Republic of, 214226 | http://www.creh.com.hk |
Global neodymium market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to neodymium market will help companies and investors design strategic landscapes.
Magnets was the largest segment with a revenue share of 60.57% in 2024. Horizon Databook has segmented the Global neodymium market based on magnets, catalysts, ceramics & glass covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Neodymium Application Outlook (Revenue, USD Million, 2018-2030)
- Magnets
- Others
- Ceramics & glass
- Catalysts
- Global Neodymium End Use Outlook (Revenue, USD Million, 2018-2030)
- Electrical & electronics
- Automotive
- Wind energy
- Others
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Target buyers of Global neodymium market databook
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Our clientele includes a mix of neodymium market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global neodymium market , including forecasts for subscribers. This global databook contains high-level insights into Global neodymium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global neodymium market size, by regions, 2018-2030 (US$M)
Top 10 countries: Neodymium market size, 2024 (US$M)
Global neodymium market share, by application, 2024 & 2030 (%, US$M)
Neodymium market: Opportunity assessment by country
Global neodymium market, by region, 2024 (US$M)
Related statistics
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