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Neodymium Market

Neodymium Market (Application: Permanent Magnets, Catalysts, Laser Crystals, Neodymium Glasses, Electric Capacitors, Metallurgy, Phosphors & Luminescence, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Economic Shifts, Changing Consumer Demands Affect Bottom Lines During COVID-19 Pandemic

Value chains in the chemicals sector are being reconfigured due to complexities created by the COVID-19 pandemic. Companies in the neodymium market are witnessing economic and geopolitical shifts due to the pandemic. Changing consumer demands are affecting bottom lines and profitability. Hence, stakeholders are focusing on mission critical projects in key revenue generating sectors such as permanent magnets, phosphors & luminescence, and metallurgy.

Companies in the neodymium market are prioritizing opportunities to ride the crest of popularity through sustainability & circular economy, alternative material processes, and partner integrations across chemical value chains. They are marching toward digitalizing operations and related technologies due to the onset of the coronavirus. Databased services are being preferred by stakeholders to efficiently allocate budget into new technologies and business models.

neodymium market infographic

Extreme Susceptibility to Corrosion in Neodymium Resolved with Coated Resistant Materials

Neodymium is being extensively used as rare earth magnet in many industrial products and capital assets. Magnetic bearings, jet engines, and automatic door locks are fueling the demand for neodymium. However, neodymium is associated with physical disadvantages, since it is found that this metal is extremely susceptible to corrosion and must be coated with resistant materials. These materials need to be maintained to prevent degradation.

Despite physical disadvantages of neodymium, manufacturers in the neodymium market are using rare earth metals for the production of audio speakers, headphones, smart bombs, and the likes. They are establishing stable revenue streams via linear actuators, DC motors for automobiles and particle accelerators.

Alnico V/S Neodymium: Which is Better?

The neodymium market is expected to reach a volume of 80,293.8 tons by 2031. Though neodymium is gaining popularity as one of the strongest magnets, alnico is emerging as an alternative option and is being publicized as a wonder magnet. Alnico is likely to affect the prices for neodymium, as alnico is highly resistant to corrosion as compared to neodymium.

Companies in the neodymium market are gaining awareness about the advantages of alnico, since alnico is relatively cost efficient. Nevertheless, neodymium is being preferred in low temperature applications. Neodymium offers better performance than alnico in the sector of miniaturization of electronic devices. Benefits of neodymium magnets can far outweigh its disadvantages, mostly due to its strength in relation to size, which make it an ideal option for compact applications.

Small Neodymium Rod Magnets Enhance Convenience, Elegance in Jewelry

Manufacturers in the neodymium market are increasing their output capacities in rod magnets that are being used to design clasp for fine jewelry. Creative home furnishings, experiments in schools and sculptures are catalyzing the demand for neodymium rod magnets.

Since complicated closures of a chain or a bracelet can affect consumer experience, manufacturers in the neodymium market are boosting their production for rod magnets in the form of precious metals to meet convenience of users. Manufacturers are applying nickel coating on small magnetic rods, which ensures an elegant look for the jewelry.

neodymium market segmentation

Analysts’ Viewpoint

Due to the shifting demand and supply sentiments amid ongoing COVID-19 pandemic, companies in the neodymium market are taking this opportunity to help their employees and staff to upskill for adopting new business models. The market is slated to clock a favorable CAGR of 8% in terms of value during the forecast period. However, the National Health Service (NHS) has called for a ban on toy neodymium magnets linked with child safety concerns. Hence, manufacturers should consider changes in toy designs to ensure magnets are covered by a casing too large to swallow by children. Manufacturers should expand income sources via neodymium rod magnets used in experiments by inquisitive youngsters in schools.

Neodymium Market: Overview

  • Neodymium is present in large quantities in various ore minerals such as monazite and bastnäsite. The element is not present naturally in metal form and is always refined for general use. Neodymium is referred to as a rare-earth metal, but it is a common element that is largely found in the earth’s crust. The original color of neodymium is reddish purple.
  • Neodymium can be refined by separating neodymium salts from other rare-earths by ion-exchange or solvent extraction. Alternatively, it can be obtained by the reduction of anhydrous halides such as NdF3 using calcium metal.
  • Neodymium compounds are employed commercially in glass dyes. They are also used as additives in the manufacture of glass. Furthermore, neodymium is employed in lasers, which emit infrared light with wavelengths that range from 1047 nanometers to 1062 nanometers. These lasers are used largely in a variety of high power applications. Additionally, neodymium is employed as one of the components in alloys, which are used in the manufacture of powerful permanent magnets. These magnets are used in various electrical and electronic products including microphones, in-ear headphones, loudspeakers, and computer hard disks.
  • According to Transparency Market Research’s latest research report on the global neodymium market for the historical year 2020 and the forecast period 2021 to 2031, increase in usage of neodymium in green energy technologies and permanent magnets are key factors that are expected to boost the global neodymium market during the forecast period
  • In terms of revenue, the global neodymium market is expected to reach US$ 3.4 Bn by 2031, at a CAGR of 8% during the forecast period

Rise in Usage of Neodymium in Permanent Magnets: Key Driver

  • Neodymium magnets are particularly used in hard disk drives, mobile phones, and video and audio systems of televisions. Neodymium magnets are also commonly used in magnetic separators, filters, and ionizers. They are also employed in the production of on-off buttons and security systems. Grease filter producers use neodymium magnets in metal separators to effectively filter out iron powder in oil. Additionally, they are beneficial in covering machines, cars with awning, and in the production of magnetic tool belts. They are also used in jewelry clips and identification badges. Furthermore, they are used in the production of baby strollers, which are attached to carriers via magnets.
  • The healthcare sector is another field wherein neodymium magnets are incorporated in medical devices due to their ability to generate a static magnetic field. They are used in magnetic resonance imaging devices to diagnose and treat chronic pain syndrome, wound healing, insomnia, arthritis, headache, and several other diseases. NASA uses neodymium magnets to maintain the muscular tonus of astronauts during space flights. Neodymium magnets have push-pull forces. They are used as motion generating devices in orthodontic treatments, molar distillation, and palatal expansion.
  • Neodymium magnets are widely used in satellite communications, remote control telemetry, radar technology, electronic countermeasures, and electronic tracking. These magnets are also used in magnetron tubes, magnetron traveling wave tubes, cathode ray tubes, and circulators. Neodymium magnets have also been widely used in several transportation applications such as magnetic suspension trains and permanent magnet devices for luxury cars.
  • Thus, increase in usage of neodymium in permanent magnets is projected to drive the global neodymium market during the forecast period

Increase in Demand for Neodymium in Green Energy Technologies

  • Neodymium is extensively used for generating energy. As a result of global warming, many countries are striving to cater to their energy requirements using green energy sources. Thus, solar energy and wind energy have gained momentum. Wind energy is recognized as the most effective method available to generate energy. In order to generate this energy, large-scale wind farms need to have efficient turbines. These wind mills have in-built motors that are made of a special rare-earth magnet called neodymium. Special properties that exist in this rare-earth magnet have encouraged the use of the magnet in motors that are employed in wind turbines.
  • Neodymium is also used in windmills to develop magnetic mounting systems that securely attach ladders and other equipment to steel tower walls. This method allows equipment to be secured to the tower without the need to drill holes or weld brackets to the tower wall. This progressive mounting solution reduces construction time and costs. The use of several strong neodymium magnets strategically placed along the entire length of the ladder, thereby increasing worker safety by securing the ladder in a manner that prevents swaying or other lateral movement that could cause a worker to slip and fall, causing physical harm to individuals as well as operational and financial harm to the company and industry at large. Thus, increase in usage of neodymium in windmills for energy generation is anticipated to drive the market during the forecast period.

Neodymium Market: Competition Landscape

  • Detailed profiles of providers of neodymium have been included in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global neodymium market are
    • Lynas Rare Earth Ltd.
    • Arafura Resources
    • Metall Rare Earth Limited
    • HEFA Rare Earth Canada Co. Ltd.
    • Alkane Resources Ltd
    • Neo Performance Materials Inc.
    • China Minmetals Rare Earth Co. Ltd.
    • Lenntech Water Treatment Solutions
    • Australian Strategic Materials Ltd.
    • American Elements
    • Noah Technologies Corporation

Neodymium Market – Segmentation

TMR’s research study assesses the global neodymium market in terms of application and region. This report presents extensive market dynamics and trends associated with different segments of the market and how they are influencing growth prospects for the global neodymium market.

Application
  • Permanent Magnets
  • Catalysts
  • Laser Crystals
  • Neodymium Glasses
  • Electric Capacitors
  • Metallurgy
  • Phosphors & Luminescence
  • Others (including Polishing Powders and Ceramics)
Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

What is the Neodymium Market Size?

Neodymium Market is expected to Reach US$ 3.4 Bn By 2031

What is the CAGR for Neodymium Market?

Neodymium Market is estimated to rise at a CAGR of 8% during forecast period

What are the key factors driving the growth of Neodymium Market?

Increase in usage of neodymium in permanent magnets is expected to drive the Neodymium Market

Which region is more attractive for vendors in the Neodymium Market?

Asia Pacific is more attractive for vendors in the Neodymium Market

Who are the key players in the Neodymium Market?

Key players of Neodymium Market are Lynas Rare Earth Ltd., Arafura Resources, Metall Rare Earth Limited, HEFA Rare Earth Canada Co. Ltd., Alkane Resources Ltd, Neo Performance Materials Inc., China Minmetals Rare Earth Co. Ltd., Lenntech Water Treatment Solutions, Australian Strategic Materials Ltd., American Elements, and Noah Technologies Corporation

    1. Executive Summary

        1.1. Neodymium Market Snapshot

        1.2. Key Market Trends

        1.3. Current Market and Future Potential

        1.4. TMR’s Growth Opportunity Wheel

    2. Market Overview

        2.1. Market Segmentation

        2.2. Market Indicators

        2.3. Market Definitions

        2.4. Market Dynamics

            2.4.1. Drivers

            2.4.2. Restraints

            2.4.3. Opportunities

        2.5. Porter’s Five Forces Analysis

        2.6. Value Chain Analysis

            2.6.1. List of Potential Customers

    3. COVID-19 Impact Analysis

    4. Neodymium Market Outlook

    5. Neodymium Price Trend Analysis, 2020–2031

        5.1. By Application

        5.2. By Region

    6. Global Neodymium Market Analysis and Forecast, by Application, 2020–2031

        6.1. Introduction and Definitions

        6.2. Global Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            6.2.1. Permanent Magnets

            6.2.2. Catalysts

            6.2.3. Laser Crystals

            6.2.4. Neodymium Glasses

            6.2.5. Electric Capacitors

            6.2.6. Metallurgy

            6.2.7. Phosphors & Luminescence

            6.2.8. Others

        6.3. Global Neodymium Market Attractiveness, by Application

    7. Global Neodymium Market Analysis and Forecast, by Region, 2020–2031

        7.1. Key Findings

        7.2. Global Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Region, 2020–2031

            7.2.1. North America

            7.2.2. Europe

            7.2.3. Asia Pacific

            7.2.4. Latin America

            7.2.5. Middle East & Africa

        7.3. Global Neodymium Market Attractiveness, by Region

    8. North America Neodymium Market Analysis and Forecast, 2020–2031

        8.1. Key Findings

        8.2. North America Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        8.3. North America Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Country, 2020–2031

            8.3.1. U.S. Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            8.3.2. Canada Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        8.4. North America Neodymium Market Attractiveness Analysis

    9. Europe Neodymium Market Analysis and Forecast, 2020–2031

        9.1. Key Findings

        9.2. Europe Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        9.3. Europe Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

            9.3.1. Germany Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            9.3.2. France Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            9.3.3. U.K. Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            9.3.4. Italy Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            9.3.5. Spain Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            9.3.6. Russia & CIS Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            9.3.7. Rest of Europe Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        9.4. Europe Neodymium Market Attractiveness Analysis

    10. Asia Pacific Neodymium Market Analysis and Forecast, 2020–2031

        10.1. Key Findings

        10.2. Asia Pacific Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        10.3. Asia Pacific Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

            10.3.1. China Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            10.3.2. Japan Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            10.3.3. India Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            10.3.4. ASEAN Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            10.3.5. Rest of Asia Pacific Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Route of Synthesis, 2020–2031

        10.4. Asia Pacific Neodymium Market Attractiveness Analysis

    11. Latin America Neodymium Market Analysis and Forecast, 2020–2031

        11.1. Key Findings

        11.2. Latin America Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        11.3. Latin America Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

            11.3.1. Brazil Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            11.3.2. Mexico Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            11.3.3. Rest of Latin America Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        11.4. Latin America Neodymium Market Attractiveness Analysis

    12. Middle East & Africa Neodymium Market Analysis and Forecast, 2020–2031

        12.1. Key Findings

        12.2. Middle East & Africa Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        12.3. Middle East & Africa Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

            12.3.1. GCC Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            12.3.2. South Africa nada Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

            12.3.3. Rest of Middle East & Africa Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        12.4. Middle East & Africa Neodymium Market Attractiveness Analysis

    13. Competition Landscape

        13.1. Global Neodymium Market Company Market Share Analysis, 2020

        13.2. Competition Matrix

        13.3. Market Footprint Analysis

            13.3.1. By Application

        13.4. Company Profiles (Details – Overview, Financials, Recent Developments, and Strategy)

            13.4.1. Lynas Rare Earth Ltd.

                13.4.1.1. Company Description

                13.4.1.2. Business Overview

            13.4.2. Arafura Resources

                13.4.2.1. Company Description

                13.4.2.2. Business Overview

            13.4.3. Metall Rare Earth Limited

                13.4.3.1. Company Description

                13.4.3.2. Business Overview

            13.4.4. HEFA Rare Earth Canada Co. Ltd.

                13.4.4.1. Company Description

                13.4.4.2. Business Overview

            13.4.5. Alkane Resources Ltd

                13.4.5.1. Company Description

                13.4.5.2. Business Overview

            13.4.6. Neo Performance Materials Inc.

                13.4.6.1. Company Description

                13.4.6.2. Business Overview

            13.4.7. China Minmetals Rare Earth Co. Ltd.

                13.4.7.1. Company Description

                13.4.7.2. Business Overview

            13.4.8. Lenntech Water Treatment Solutions

                13.4.8.1. Company Description

                13.4.8.2. Business Overview

            13.4.9. Australian Strategic Materials Ltd.

                13.4.9.1. Company Description

                13.4.9.2. Business Overview

            13.4.10. American Elements

                13.4.10.1. Company Description

                13.4.10.2. Business Overview

            13.4.11. Noah Technologies Corporation

                13.4.11.1. Company Description

                13.4.11.2. Business Overview

    14. Primary Research: Key Insights

    15. Appendix

    List of Tables

    Table 01: Global Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 02: Global Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Region, 2020–2031

    Table 03: North America Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Country, 2020–2031

    Table 04: North America Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 05: U.S. Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 06: Canada Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 07: Europe Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

    Table 08: Europe Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 09: Germany Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 10: France Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 11: U.K. Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 12: Italy Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 13: Spain Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 14: Russia & CIS Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 15: Rest of Europe Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 16: Asia Pacific Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

    Table 17: Asia Pacific Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 18: China Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 19: India Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 20: Japan Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 21: ASEAN Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 22: Rest of Asia Pacific Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 23: Latin America Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

    Table 24: Latin America Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 25: Brazil Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 26: Mexico Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 27: Rest of Latin America Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 28: Middle East & Africa Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

    Table 29: Middle East & Africa Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 30: GCC Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 31: South Africa Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 32: Rest of Middle East & Africa Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    List of Figures

    Figure 01: Global Neodymium Market Value Share Analysis, by Application

    Figure 02: Global Neodymium Market Attractiveness Analysis, by Application

    Figure 03: Global Neodymium Market Value Share Analysis, by Region 

    Figure 04: Global Neodymium Market Attractiveness Analysis, by Region

    Figure 05: North America Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, 2020–2031

    Figure 06: North America Neodymium Market Value Share Analysis, by Country, 2020, 2025, and 2031

    Figure 07: North America Neodymium Market Attractiveness Analysis, by Country

    Figure 08: North America Neodymium Market Value Share Analysis, by Application

    Figure 09: North America Neodymium Market Attractiveness Analysis, by Application

    Figure 10: Europe Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, 2020–2031

    Figure 11: Europe Neodymium Market Value Share Analysis, by Country and Sub-region, 2020, 2025, and 2031

    Figure 12: Europe Neodymium Market Attractiveness Analysis, by Country and Sub-region

    Figure 13: Europe Neodymium Market Value Share Analysis, by Application

    Figure 14: Europe Neodymium Market Attractiveness Analysis, by Application

    Figure 15: Rest of Europe Neodymium Market Value Share Analysis, by Application

    Figure 16: Asia Pacific Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, 2020–2031

    Figure 17: Asia Pacific Neodymium Market Value Share Analysis, by Country and Sub-region, 2020, 2025, and 2031

    Figure 18: Asia Pacific Neodymium Market Attractiveness Analysis, by Country and Sub-region

    Figure 19: Asia Pacific Neodymium Market Value Share Analysis, by Application

    Figure 20: Asia Pacific Neodymium Market Attractiveness Analysis, by Application

    Figure 21: Latin America Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, 2020–2031

    Figure 22: Latin America Neodymium Market Value Share Analysis, by Country and Sub-region, 2020, 2025, and 2031

    Figure 23: Latin America Neodymium Market Attractiveness Analysis, by Country and Sub-region

    Figure 24: Latin America Neodymium Market Value Share Analysis, by Application

    Figure 25: Latin America Neodymium Market Attractiveness Analysis, by Application

    Figure 26: Middle East & Africa Neodymium Market Volume (Tons) and Value (US$ Mn) Forecast, 2020–2031

    Figure 27: Middle East & Africa Neodymium Market Value Share Analysis, by Country and Sub-region, 2020, 2025, and 2031

    Figure 28: Middle East & Africa Neodymium Market Attractiveness Analysis, by Country and Sub-region

    Figure 29: Middle East & Africa Neodymium Market Value Share Analysis, by Application

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Neodymium Market

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