Middle East & Africa Neodymium Market Size & Outlook
Middle East & Africa neodymium market, 2018-2030 (US$M)
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MEA neodymium market highlights
- The MEA neodymium market generated a revenue of USD 7.3 million in 2021.
- The market is expected to grow at a CAGR of 10.8% from 2022 to 2030.
- In terms of segment, ceramics & glass was the largest revenue generating application in 2021.
- Ceramics & glass is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 7.3 million |
| Market revenue in 2030 | USD 18.4 million |
| Growth rate | 10.8% (CAGR from 2021 to 2030) |
| Largest segment | Ceramics & glass |
| Fastest growing segment | Ceramics & glass |
| 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, MEA region accounted for 0.4% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Neodymium Market Scope
Neodymium Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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.
Ceramics & glass was the largest segment with a revenue share of 39.73% in 2021. Horizon Databook has segmented the Middle East & Africa neodymium market based on magnets, catalysts, ceramics & glass covering the revenue growth of each sub-segment from 2018 to 2030.
Demand for magnets is expected to assist the market growth in the long run in the Middle East & Africa. The growth in the EV and wind energy industries is anticipated to propel demand for neodymium magnets in the region over the coming years.
For instance, in March 2022, M GLORY HOLDING L.L.C., a technology investment company based in Dubai, announced its decision to invest USD 408.4 million toward setting up an EV manufacturing facility in Dubai Industrial City. The facility will span 93,000 square meters and is expected to produce 55,000 EVs per annum.
Magnets made using neodymium are widely used in consumer goods and electronics for a wide range of applications. The demand for consumer goods is rising in the region owing to the increase in consumer spending capacity and high demand for these products in the UAE and South Africa.
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Target buyers of Middle East & Africa 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa neodymium market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa neodymium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA neodymium market size, by country, 2018-2030 (US$M)
Middle East & Africa Neodymium Market Outlook Share, 2021 & 2030 (US$M)
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