India Neodymium Market Size & Outlook, 2021-2030
India neodymium market, 2018-2030 (US$M)
Related Markets
India neodymium market highlights
- The India neodymium market generated a revenue of USD 28.2 million in 2021 and is expected to reach USD 99.5 million by 2030.
- The India market is expected to grow at a CAGR of 15% 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 28.2 million |
| Market revenue in 2030 | USD 99.5 million |
| Growth rate | 15% (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, India accounted for 1.4% 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.
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Neodymium Market Scope
Neodymium Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 43.26% in 2021. Horizon Databook has segmented the India neodymium market based on magnets, catalysts, ceramics & glass covering the revenue growth of each sub-segment from 2018 to 2030.
The new government initiatives, such as “Make in India” program and “Atmanirbhar Bharat (Self Reliant India)” is expected to bolster the Indian manufacturing sector and promote the demand for magnets, catalysts, and other application products in the country.
Valiant efforts by the local government combined with the increasing interests of foreign companies to invest and open manufacturing plants in the country are expected to increase the demand for neodymium in India over the forecast period.
In the long term, rising disposable incomes, changing lifestyles and easier access to credit in the country are set to increase demand, thereby driving production of electronic goods in the country, and stimulating neodymium magnets demand.
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Our clientele includes a mix of neodymium market companies, investment firms, advisory firms & academic institutions.
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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 India neodymium market , including forecasts for subscribers. This country databook contains high-level insights into India neodymium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India neodymium market size, by application, 2018-2030 (US$M)
India Neodymium Market Outlook Share, 2021 & 2030 (US$M)
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