Brazil Neodymium Market Size & Outlook, 2021-2030
Brazil neodymium market, 2018-2030 (US$M)
Related Markets
Brazil neodymium market highlights
- The Brazil neodymium market generated a revenue of USD 10.4 million in 2021 and is expected to reach USD 24.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 10% 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.
Neodymium market data book summary
| Market revenue in 2021 | USD 10.4 million |
| Market revenue in 2030 | USD 24.6 million |
| Growth rate | 10% (CAGR from 2021 to 2030) |
| Largest segment | Magnets |
| Fastest growing segment | Magnets |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Brazil accounted for 0.5% of the global neodymium market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil neodymium market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 24.6 million by 2030.
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Neodymium Market Scope
Neodymium Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 66.35% in 2021. Horizon Databook has segmented the Brazil neodymium market based on magnets, catalysts, ceramics & glass covering the revenue growth of each sub-segment from 2018 to 2030.
Growing investments in EV manufacturing in Brazil are anticipated to boost the permanent magnet demand and thus neodymium market growth. For instance, in April 2022, Nissan Motor Co., Ltd. announced its plans to invest USD 276.1 million in its manufacturing facility at Resende, Rio de Janeiro, Brazil.
It plans to launch new electrified products in Brazil within 3 years. Its aim is to launch 10 electrified products, out of which, 4 will be fully electric. These factors are expected to positively impact the neodymium market in the region over the forecast period.
Neodymium magnet finds application in wind energy turbines, wherein these magnets provide efficient energy generation. These magnets are used due to lower maintenance, improved reliability, and reduced costs. Investments in wind energy are likely to attract neodymium demand via usage in NdFeB magnet.
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Our clientele includes a mix of neodymium market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil neodymium market , including forecasts for subscribers. This country databook contains high-level insights into Brazil neodymium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil neodymium market size, by application, 2018-2030 (US$M)
Brazil Neodymium Market Outlook Share, 2021 & 2030 (US$M)
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