Europe Neodymium Market Size & Outlook, 2021-2030
Europe neodymium market, 2018-2030 (US$M)
Related Markets
Europe neodymium market highlights
- The Europe neodymium market generated a revenue of USD 123.1 million in 2021.
- The market is expected to grow at a CAGR of 14.1% 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, Germany is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 123.1 million |
| Market revenue in 2030 | USD 402.3 million |
| Growth rate | 14.1% (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, Europe region accounted for 5.9% 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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Europe 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 45.09% in 2021. Horizon Databook has segmented the Europe neodymium market based on magnets, catalysts, ceramics & glass covering the revenue growth of each sub-segment from 2018 to 2030.
Europe held second-largest share in the global neodymium market in 2021. The rising demand for the application products due to the growth in end-use industries including automotive and wind energy is anticipated to augment market growth over the forecast period.
Magnet held the largest share of the Europe neodymium market in 2021 and is anticipated to continue its dominance over the forecast period. About 3-5% of the global production of permanent magnets is in Europe.
This accounts for very small percentage of permanent magnet production as compared to China (70-75%). In Europe, producers that rely on rare earth magnet such as NdFeB magnets are an integral component of European economy. However, Europe remains heavily dependent on imports from China.
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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 Europe neodymium market , including forecasts for subscribers. This continent databook contains high-level insights into Europe neodymium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe neodymium market size, by country, 2018-2030 (US$M)
Europe Neodymium Market Outlook Share, 2021 & 2030 (US$M)
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