How big is the neodymium market?

The global neodymium market size was estimated at USD 5.28 billion in 2024 and is expected to reach USD 5.27 billion in 2025.

What is the neodymium market growth?

The global neodymium market is expected to grow at a compound annual growth rate of 6.7% from 2025 to 2030 to reach USD 7.30 billion by 2030.

Which segment accounted for the largest neodymium market share?

Based on end use, automotive accounted for largest revenue share of more than 33.0% in 2024 of the overall market. Growing utilization of neodymium magnets in various automotive applications, especially electric motors is propelling segment growth.

Who are the key players in the neodymium market?

The key players operating in the neodymium market include Arafura Rare Earths Limited, China Rare Earth Holdings Limited, Lynas Rare Earths Ltd, METALL RARE EARTH LIMITED, MP MATERIALS, Peak Rare Earths, and Rainbow Rare Earths.