China Neodymium Market Size & Outlook, 2021-2030
China neodymium market, 2018-2030 (US$M)
Related Markets
China neodymium market highlights
- The China neodymium market generated a revenue of USD 1,459.6 million in 2021 and is expected to reach USD 5,248.0 million by 2030.
- The China market is expected to grow at a CAGR of 15.3% 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 1,459.6 million |
| Market revenue in 2030 | USD 5,248.0 million |
| Growth rate | 15.3% (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, China accounted for 70.5% of the global neodymium market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China neodymium market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,248.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Neodymium Market Scope
Neodymium Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 66.86% in 2021. Horizon Databook has segmented the China neodymium market based on magnets, catalysts, ceramics & glass covering the revenue growth of each sub-segment from 2018 to 2030.
The Chinese economy expanded by 8.1% in 2021. According to the World Bank, the growth is projected to slow down to 5% in 2022. Despite the current slowdown in economic growth, China has the potential to become the world’s largest economy in coming years.
The rapid expansion in China’s economic infrastructure including automotive industry, electronic components, and wind power components, is anticipated to benefit the demand for magnets in the country over the forecast period and positively influence neodymium demand.
China is the largest producer of both rare earths and permanent magnets in the world. China accounts over 70% of the global permanent magnets production and 60% of the global rare earths production.
Reasons to subscribe to China neodymium market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China neodymium market databook
-
Our clientele includes a mix of neodymium market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the China neodymium market , including forecasts for subscribers. This country databook contains high-level insights into China neodymium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China neodymium market size, by application, 2018-2030 (US$M)
China Neodymium Market Outlook Share, 2021 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
