U.S. Neodymium Market Size & Outlook, 2021-2030
U.S. neodymium market, 2018-2030 (US$M)
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U.S. neodymium market highlights
- The U.S. neodymium market generated a revenue of USD 36.0 million in 2021 and is expected to reach USD 109.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 13.1% 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 36.0 million |
| Market revenue in 2030 | USD 109.1 million |
| Growth rate | 13.1% (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, U.S. accounted for 1.7% of the global neodymium market in 2021.
- 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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U.S. 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 63.06% in 2021. Horizon Databook has segmented the U.S. neodymium market based on magnets, catalysts, ceramics & glass covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is a vital market for rare earths. The need for neodymium magnets is expected to rapidly grow on account of rising demand from high end applications like robotics, wearable devices, EVs, and wind power. In early 2018, Tesla became one of several electric car makers to use motors with neodymium magnets.
The expanding EV industry and growing significance to reduce import reliance on China, is anticipated to propel magnet production in the country, and boost neodymium demand in the U.S. over the long term.
Neodymium magnets are utilized in motors, which are further used in the wind turbines. The wind turbines continue to progress in size and power in the U.S., leading to more cheap clean energy production.
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Our clientele includes a mix of neodymium market companies, investment firms, advisory firms & academic institutions.
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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 U.S. neodymium market , including forecasts for subscribers. This country databook contains high-level insights into U.S. neodymium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. neodymium market size, by application, 2018-2030 (US$M)
U.S. Neodymium Market Outlook Share, 2021 & 2030 (US$M)
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