Latin America Neodymium Market Size & Outlook, 2021-2030
Latin America neodymium market, 2018-2030 (US$M)
Related Markets
Latin America neodymium market highlights
- The Latin America neodymium market generated a revenue of USD 11.5 million in 2021.
- The market is expected to grow at a CAGR of 9.9% 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, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 11.5 million |
| Market revenue in 2030 | USD 27.0 million |
| Growth rate | 9.9% (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, Latin America region accounted for 0.6% 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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Latin America 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 60.87% in 2021. Horizon Databook has segmented the Latin America neodymium market based on magnets, catalysts, ceramics & glass covering the revenue growth of each sub-segment from 2018 to 2030.
The region is anticipated to witness most sluggish growth in the global market over the forecast period. The limited scope of application industries on account of sluggish growth from end-use industries is restraining market growth.
According to World Investment Report 2022 by United Nations Conference on Trade and Development (UNCTAD), Latin American countries received USD 134 billion in FDIs in 2021, registering an increase of 56% compared to previous years.
For instance, investments by the Chinese automotive manufacturer, BYD Auto Industry Co., Ltd., and Japanese automotive player, Toyota, to set up a manufacturing facility in Central & South America are expected to boost automotive production, thereby, propelling the need for permanent magnets, thus creating positive impact on neodymium market.
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Target buyers of Latin America neodymium market databook
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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 Latin America neodymium market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America neodymium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America neodymium market size, by country, 2018-2030 (US$M)
Latin America Neodymium Market Outlook Share, 2021 & 2030 (US$M)
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