South Africa Neodymium Market Size & Outlook, 2021-2030
South Africa neodymium market, 2018-2030 (US$M)
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South Africa neodymium market highlights
- The South Africa neodymium market generated a revenue of USD 6.9 million in 2021 and is expected to reach USD 17.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.9% 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.
Neodymium market data book summary
| Market revenue in 2021 | USD 6.9 million |
| Market revenue in 2030 | USD 17.5 million |
| Growth rate | 10.9% (CAGR from 2021 to 2030) |
| Largest segment | Ceramics & glass |
| Fastest growing segment | Ceramics & glass |
| 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, South Africa accounted for 0.3% of the global neodymium market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa neodymium market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 17.5 million by 2030.
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Neodymium Market Scope
Neodymium Market Companies
| Name | Profile | # Employees | HQ | Website |
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South 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 40.58% in 2021. Horizon Databook has segmented the South Africa neodymium market based on magnets, catalysts, ceramics & glass covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is estimated to have reserves of 790 kilotons for rare earths and is likely to witness lucrative growth over the coming years. This is likely to be led by foreign investment in the country and thus expansion plans near future.
Similarly, there are 2 projects in development phase which plans to produce REE oxide salts and separate REE oxides. These projects are in mid to downstream side of the value chain. The projects known as Zandkopsdrift and Steenkampskraal are likely to provide new opportunities for market vendors in the supply chain.
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Target buyers of South 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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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 South Africa neodymium market , including forecasts for subscribers. This country databook contains high-level insights into South Africa neodymium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa neodymium market size, by application, 2018-2030 (US$M)
South Africa Neodymium Market Outlook Share, 2021 & 2030 (US$M)
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