UK Neodymium Market Size & Outlook, 2021-2030
UK neodymium market, 2018-2030 (US$M)
Related Markets
UK neodymium market highlights
- The UK neodymium market generated a revenue of USD 9.6 million in 2021 and is expected to reach USD 30.0 million by 2030.
- The UK market is expected to grow at a CAGR of 13.5% 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 9.6 million |
| Market revenue in 2030 | USD 30.0 million |
| Growth rate | 13.5% (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
- In terms of revenue, UK accounted for 0.5% of the global neodymium market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany neodymium market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 202.4 million by 2030.
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Neodymium Market Scope
Neodymium Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 36.46% in 2021. Horizon Databook has segmented the UK neodymium market based on magnets, catalysts, ceramics & glass covering the revenue growth of each sub-segment from 2018 to 2030.
According to World Bank, the economy of the UK contracted by 9.3% in 2020 on account of COVID-19. However, it registered a growth rate of 7.0% in 2021 and 3.2% in 2022. The government is trying to boost its economic growth by investing significantly in various industries such as automotive and energy.
Transport sector is responsible for the largest greenhouse gas emissions and over half of the transport emissions come from ICE vehicles. Thus, the growing emphasis on boosting EV production and sales in the region is expected to positively impact the EV market, thereby benefiting the demand for neodymium over the forecast period.
For instance, as per a news released in May 2022, a facility to refine rare earths is to be built by Pensana at Saltend Chemicals Park. The facility is expected to cater the magnets in EVs and wind turbines. The facility will process the neodymium and praseodymium, which as per plans are to be mined in Angola from late 2023.
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Target buyers of UK 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 UK neodymium market , including forecasts for subscribers. This country databook contains high-level insights into UK neodymium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK neodymium market size, by application, 2018-2030 (US$M)
UK Neodymium Market Outlook Share, 2021 & 2030 (US$M)
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