Canada Neodymium Market Size & Outlook, 2021-2030
Canada neodymium market, 2018-2030 (US$M)
Related Markets
Canada neodymium market highlights
- The Canada neodymium market generated a revenue of USD 1.4 million in 2021 and is expected to reach USD 4.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.2% from 2022 to 2030.
- In terms of segment, catalysts 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 1.4 million |
| Market revenue in 2030 | USD 4.0 million |
| Growth rate | 12.2% (CAGR from 2021 to 2030) |
| Largest segment | Catalysts |
| 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, Canada accounted for 0.1% of the global neodymium market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. neodymium market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 109.1 million by 2030.
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Neodymium Market Scope
Neodymium Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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.
Catalysts was the largest segment with a revenue share of 28.57% in 2021. Horizon Databook has segmented the Canada neodymium market based on magnets, catalysts, ceramics & glass covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the Canada neodymium market is sluggish on account of limited scope of applications, as most of the demand of neodymium’s application products is fulfilled through imports from China and Europe.
The catalysts demand is anticipated to be catered by the presence of refineries in the country, which in turn is anticipated to boost market growth. In 2020, the refining capacity in the country increased by 4.2% from 2019, reaching 1,976 thousand barrels a day.
Canada has presence of some of the largest known reserves and resources of rare earths in the world. In 2021, its rare earth oxide reserves were estimated at over 14 million tons. The growing inclination towards reducing reliance on China for rare earth imports, has compelled the country to focus on exploration of rare earths.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada neodymium market , including forecasts for subscribers. This country databook contains high-level insights into Canada neodymium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada neodymium market size, by application, 2018-2030 (US$M)
Canada Neodymium Market Outlook Share, 2021 & 2030 (US$M)
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