Market Overview:
The global neodymium concentrate market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for neodymium-iron-boron (NdFeB) magnets in various applications, such as wind power, new energy vehicles, and magnetic material. Furthermore, the growing demand for NdFeB magnets from Asia Pacific is also contributing to the growth of the global neodymium concentrate market. However, fluctuations in prices of rare earth metals may restrain the growth of this market during the forecast period. Based on type, the global neodymium concentrate market can be segmented into neodymium-iron-boron (NdFeB), praseodymium (Pr), and others. The NdFeB segment is expected to account for a major share of this market during the forecast period owing to its high demand from various applications such as wind power and new energy vehicles. By application,the global neodymium concentratemarket can be divided intowind power generation,,new energy vehicles,,magnetic material,,and others).
Product Definition:
A concentration of neodymium in an ore or other raw material, typically expressed as a percentage.
Neodymium-iron-boron:
Neodymium-iron-boron (NdFeB) is a rare earth metal with symbol Nd and Fe and origin of the element is from natural resources in the form of monazite and bastnaesite. Monazite material has been used as a source for production of NdFeB by various producers, however, currently there are no commercial sources available for production other than recycling.
Neodymium Praseodymium:
Neodymium Praseodymium (NdFeB) is a rare earth metal with symbol Nd and atomic number 42. It is a soft, blue-gray metal that usually occurs in mineral form and can be found in the monazite and bastnaesite families.
Application Insights:
Neodymium-based products have numerous applications including wind power, new energy vehicles, magnetic material and others. In 2017, wind power accounted for more than half of the global consumption and is expected to continue being the dominant segment over the forecast period. Rapidly growing demand for clean energy sources has resulted in an increased focus on developing countries such as China, India and Brazil which are characterized by huge land areas with adequate wind resources. This trend is expected to continue over the next eight years thereby driving product demand globally.
The new energy vehicles segment is projected to witness considerable growth during the forecast period owing to increasing government initiatives regarding reducing carbon emissions from automobiles across various regions globally.
Regional Analysis:
Asia Pacific dominated the global neodymium concentrate market in 2016 and is expected to continue its dominance over the forecast period. The region has a large presence of Neodymium-based permanent magnet manufacturers, which have resulted in high product penetration across various applications. Furthermore, growing wind energy capacity and manufacturing sector in China & India are anticipated to drive industry expansion over the next eight years.
Europe accounted for 24% of total market share owing to rising demand from electric vehicles, wind turbines, and other renewable power generation sources coupled with stringent environmental regulations by European Commission (EC). North America is also likely to witness significant growth due to increasing focus on developing clean energy infrastructure by U.S.-based companies such as General Electric; Siemens; Alstom; Gamesa Corporation; Vestas Wind Systems A/S.; Nordex Inc.; Enercon GmbH etc., thereby driving industry growth over the forecast period.
Growth Factors:
- Increasing demand from the automotive and electronics industries
- Growing popularity of electric vehicles
- Rising demand for renewable energy sources
- Rapid urbanization and industrialization in developing countries
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Neodymium Concentrate Market Research Report
By Type
Neodymium-iron-boron, Neodymium Praseodymium, Others
By Application
Wind Power, New Energy Vehicles, Magnetic Material, Others
By Companies
Lynas, MP Materials, Baotou Steel, Weishanhu Maining, Beifang Rare Earth, Lynas
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Neodymium Concentrate Market Report Segments:
The global Neodymium Concentrate market is segmented on the basis of:
Types
Neodymium-iron-boron, Neodymium Praseodymium, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wind Power, New Energy Vehicles, Magnetic Material, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lynas
- MP Materials
- Baotou Steel
- Weishanhu Maining
- Beifang Rare Earth
- Lynas
Highlights of The Neodymium Concentrate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Neodymium-iron-boron
- Neodymium Praseodymium
- Others
- By Application:
- Wind Power
- New Energy Vehicles
- Magnetic Material
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Neodymium Concentrate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Neodymium is a rare earth metal that is used in magnets. It is also used in various other industrial applications.
Some of the major companies in the neodymium concentrate market are Lynas, MP Materials, Baotou Steel, Weishanhu Maining, Beifang Rare Earth, Lynas.
The neodymium concentrate market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Neodymium Concentrate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Neodymium Concentrate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Neodymium Concentrate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Neodymium Concentrate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Neodymium Concentrate Market Size & Forecast, 2018-2028
4.5.1 Neodymium Concentrate Market Size and Y-o-Y Growth
4.5.2 Neodymium Concentrate Market Absolute $ Opportunity
Chapter 5 Global Neodymium Concentrate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Neodymium Concentrate Market Size Forecast by Type
5.2.1 Neodymium-iron-boron
5.2.2 Neodymium Praseodymium
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Neodymium Concentrate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Neodymium Concentrate Market Size Forecast by Applications
6.2.1 Wind Power
6.2.2 New Energy Vehicles
6.2.3 Magnetic Material
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Neodymium Concentrate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Neodymium Concentrate Market Size Forecast by Region
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 (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Neodymium Concentrate Analysis and Forecast
9.1 Introduction
9.2 North America Neodymium Concentrate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Neodymium Concentrate Market Size Forecast by Type
9.6.1 Neodymium-iron-boron
9.6.2 Neodymium Praseodymium
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Neodymium Concentrate Market Size Forecast by Applications
9.10.1 Wind Power
9.10.2 New Energy Vehicles
9.10.3 Magnetic Material
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Neodymium Concentrate Analysis and Forecast
10.1 Introduction
10.2 Europe Neodymium Concentrate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Neodymium Concentrate Market Size Forecast by Type
10.6.1 Neodymium-iron-boron
10.6.2 Neodymium Praseodymium
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Neodymium Concentrate Market Size Forecast by Applications
10.10.1 Wind Power
10.10.2 New Energy Vehicles
10.10.3 Magnetic Material
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Neodymium Concentrate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Neodymium Concentrate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Neodymium Concentrate Market Size Forecast by Type
11.6.1 Neodymium-iron-boron
11.6.2 Neodymium Praseodymium
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Neodymium Concentrate Market Size Forecast by Applications
11.10.1 Wind Power
11.10.2 New Energy Vehicles
11.10.3 Magnetic Material
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Neodymium Concentrate Analysis and Forecast
12.1 Introduction
12.2 Latin America Neodymium Concentrate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Neodymium Concentrate Market Size Forecast by Type
12.6.1 Neodymium-iron-boron
12.6.2 Neodymium Praseodymium
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Neodymium Concentrate Market Size Forecast by Applications
12.10.1 Wind Power
12.10.2 New Energy Vehicles
12.10.3 Magnetic Material
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Neodymium Concentrate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Neodymium Concentrate Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Neodymium Concentrate Market Size Forecast by Type
13.6.1 Neodymium-iron-boron
13.6.2 Neodymium Praseodymium
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Neodymium Concentrate Market Size Forecast by Applications
13.10.1 Wind Power
13.10.2 New Energy Vehicles
13.10.3 Magnetic Material
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Neodymium Concentrate Market: Competitive Dashboard
14.2 Global Neodymium Concentrate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lynas
14.3.2 MP Materials
14.3.3 Baotou Steel
14.3.4 Weishanhu Maining
14.3.5 Beifang Rare Earth
14.3.6 Lynas
