Neodymium Market Size, Trends and Global Forecast To 2032

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Neodymium Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Neodymium Market Segments
The Business Research Company segments its
Neodymium market report as
Neodymium Metal, Neodymium Nitrate, Neodymium
Oxide
By Products
Permanent Magnets, Catalysts, Laser Crystals,
Neodymium Glasses, Electric Capacitors, Metallurgy
By Application
By End User
Automotive, Electrical and Electronics, Wind
Energy, Other Users
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Neodymium Market Statistics
The global neodymium market size is expected to
grow from 3.10 billion in 2022 to 3.33 billion
in 2023 at a compound annual growth rate (CAGR)
of 7.5. The global neodymium market size is
expected to reach 4.25 billion in 2027 at a CAGR
of 6.3.
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Key Market Drivers And Trends
Drivers
Demand for electric vehicles across the world is
expected to propel the neodymium market's growth
going forward.
Trends
Technological advancements are a key trend
gaining popularity in the neodymium market
Region
Asia-Pacific was the largest region in the
neodymium market in 2022. The regions covered in
the global neodymium market report are
Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East and
Africa.
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Key Market Players

• Major players in the Neodymiumare
• Arafura Rare Earths Limited,
• China Rare Earth Holdings Limited,
• Lynas Rare Earths Ltd.,
• Metall Rare Earth Limited,
• HEFA Rare Earth Canada Co. Ltd.
• And more.

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5. Benchmark performance against key competitors.

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