Japan Neodymium Market Size & Outlook, 2021-2030
Japan neodymium market, 2018-2030 (US$M)
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Japan neodymium market highlights
- The Japan neodymium market generated a revenue of USD 338.2 million in 2021 and is expected to reach USD 1,165.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 14.7% 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 338.2 million |
| Market revenue in 2030 | USD 1,165.0 million |
| Growth rate | 14.7% (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, Japan accounted for 16.3% 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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Japan 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 53.46% in 2021. Horizon Databook has segmented the Japan neodymium market based on magnets, catalysts, ceramics & glass covering the revenue growth of each sub-segment from 2018 to 2030.
The Japanese economy contracted by 4.5% in 2020 owing to the impacts of COVID-19. According to the World Bank, the country registered a GDP growth of 1.6% in 2021. Japan is the second largest producer of permanent magnets in the world.
It is expected to be a key market segment for neodymium owing to the massive production of products in automotive, aerospace, medical, and electronics. The demand for neodymium magnets in Japan is primarily driven by electronics industry.
Along with the production of automobiles, Japan is also involved in the manufacturing of auto parts including permanent magnet automotive parts. This makes Japan one of the largest consumers of permanent magnets.
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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 country-level data and insights on the Japan neodymium market , including forecasts for subscribers. This country databook contains high-level insights into Japan neodymium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan neodymium market size, by application, 2018-2030 (US$M)
Japan Neodymium Market Outlook Share, 2021 & 2030 (US$M)
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