Mexico Neodymium Market Size & Outlook, 2021-2030
Mexico neodymium market, 2018-2030 (US$M)
Related Markets
Mexico neodymium market highlights
- The Mexico neodymium market generated a revenue of USD 0.6 million in 2021 and is expected to reach USD 1.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.7% 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 0.6 million |
| Market revenue in 2030 | USD 1.5 million |
| Growth rate | 9.7% (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
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. neodymium market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 109.1 million by 2030.
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Neodymium Market Scope
Neodymium Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 33.33% in 2021. Horizon Databook has segmented the Mexico neodymium market based on magnets, catalysts, ceramics & glass covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico accounts for least share of neodymium market in the North America region. The demand in the region is anticipated to propel in the long term considering the FDI investments in mining and energy.
For instance, in August 2020, the governor of Yucatan inaugurated the 90-MW Progreso wind farm, which became the 5th renewable energy project realized in the Mexican state. Also, Cerro Iguana Wind Farm is a 302MW onshore wind power project, which is expected to commission in 2023.
Further, in February 2022, Sempra Infrastructure completed an expansion of a wind energy facility in Baja California. Thus, the developing wind energy industry is anticipated to propel the need for motors in wind turbines and eventually augment need for neodymium magnets in the country over the forecast period.
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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 country-level data and insights on the Mexico neodymium market , including forecasts for subscribers. This country databook contains high-level insights into Mexico neodymium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico neodymium market size, by application, 2018-2030 (US$M)
Mexico Neodymium Market Outlook Share, 2021 & 2030 (US$M)
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