Asia Pacific Neodymium Market Size & Outlook, 2021-2030
Asia Pacific neodymium market, 2018-2030 (US$M)
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Asia Pacific neodymium market highlights
- The Asia Pacific neodymium market generated a revenue of USD 1,891.5 million in 2021.
- The market is expected to grow at a CAGR of 15.2% from 2022 to 2030.
- In terms of segment, magnets was the largest revenue generating application in 2021.
- Magnets is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 1,891.5 million |
| Market revenue in 2030 | USD 6,734.5 million |
| Growth rate | 15.2% (CAGR from 2021 to 2030) |
| Largest segment | Magnets |
| Fastest growing segment | Magnets |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Magnets, Catalysts, Ceramics & glass |
| Key market players worldwide | China Rare Earth Holdings Ltd, Lynas Rare Earths Ltd, MP Materials Corp Ordinary Shares - Class A, Peak Rare Earths Ltd, Rainbow Rare Earths Ltd, Texas Mineral Resources Corp, Arafura Rare Earths Ltd, Rare Earth Global, Energy Transition Minerals |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 91.3% of the global neodymium market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,734.5 million by 2030.
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Neodymium Market Scope
Neodymium Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 61.89% in 2021. Horizon Databook has segmented the Asia Pacific neodymium market based on magnets, catalysts, ceramics & glass covering the revenue growth of each sub-segment from 2018 to 2030.
In terms of both revenue and volume, Asia Pacific held largest share of the global neodymium market in 2021 and the region is expected to continue its dominance over the forecast period. China and Japan are the significant markets in Asia Pacific, with both countries being among the largest producers of permanent magnets in the world.
This growth potential can be attributed to the high economic growth, rising disposable income, and subsequent increase in the production of passenger vehicles, electronics, and wind power generators in these countries.
Moreover, shift of manufacturing plants from other locations to Asian countries, rising investments in EV industry, and growth in the production of electric motors are propelling the growth of neodymium in the region.
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Target buyers of Asia Pacific 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 continent-level data and insights on the Asia Pacific neodymium market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific neodymium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific neodymium market size, by country, 2018-2030 (US$M)
Asia Pacific Neodymium Market Outlook Share, 2021 & 2030 (US$M)
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