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Neodymium Market research report has the most recent market information with which companies can get in depth analysis of Data Bridge Market Research industry and future trends. With the market statistics included in the industry analysis report, getting a global perspective for the international business has become quite easy. By knowing the marketing strategies of rivals, businesses can decide upon innovative ideas and striking sales targets. All this ultimately helps them achieve competitive advantage over competitors. Thus, the Neodymium market report helps with the rises in business activities, qualitative work done and superior profits.
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Data Bridge Market Research analyses that the neodymium market was valued at USD 554.83 million in 2021 and is expected to reach USD 783.00 million by 2029, registering a CAGR of 4.40% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements. Asia-Pacific dominates the neodymium market in terms of revenue and market share during the forecast period. This is due to the growing demand for neodymium in this region. The Asia-Pacific region leads the neodymium market, with China leading the way in terms of production of permanent magnets, increase in the installations of wind energy, growing electric vehicles industry, and large volume production of electronic products are some of the factors which promote the growth of the neodymium market in this region.
Neodymium is an element which has 60 atomic number and the symbol is Nd. It is considered to be one of the rare-earth metals. Neodymium is malleable and ductile silvery white metal. Which is quickly tarnishes in moisture and air. It oxidizes willingly in air and form an oxide, Nd2O3 which is easily spalls, exposing the metal to further oxidation. This metal must be stored in sealed plastic or placed in vacuum or in an unreactive atmosphere.
COVID-19 Impact on Neodymium Market
The outbreak of COVID-19 virus has affected several countries around the globe with the World Health Organization announcing that it is public health emergency. The global impacts of the coronavirus disease are already starting to be felt, and will also considerably affect the Neodymium (Nd) market. The outbreak of COVID-19 has brought effects on several phases, such as travel bans and quarantines; flight cancellations; restaurants closed and all indoor events restricted due to this massive reducing of the supply chain of neodymium; growing panic, stock market volatility; falling business confidence, among the population, and uncertainty about future.
Lynas Rare Earth Ltd. (Australia), Arafura Resources. (Australia), Metall Rare Earth Limited (China), HEFA Rare Earth Canada Co. Ltd. (Canada), Alkane Resources Ltd (Australia), Neo Performance Materials Inc (Canada), China Minmetals Rare Earth Co. Ltd. (China), Lenntech B.V (Netherlands), NSEROS KLAUS NONNENMACHER GmbH (Germany), Australian Strategic Materials Ltd. (Australia), American Elements (U.S), Noah Chemicals (U.S), Avalon Advanced Materials, Inc (Canada), Lotus Resources Limited (Australia), Canada Rare Earth Corporation (Canada), Rainbow Rare Earths Limited (Germany), Greenland Minerals Ltd (Australia), GanZhouQianDong Rare Earths Group Co., Ltd. (China), Infinium Metals. (U.S)
Neodymium Market Split By Segments:
The neodymium market is segmented on the basis of products, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Along with their company profile, opportunities, growth aspects, and threats to market development. This report presents the industry analysis for the forecast timescale. The latest industry detail related to import/export scenario, industry events, market share is covered in this report.
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2. Neodymium Market Competition by Manufacturers.
3. Neodymium Production Market Share by Regions.
4. Neodymium Industry Supply chain Analysis.
5. Neodymium Company Profiles, Production, Revenue, Price Trend by Type.
6. Neodymium Market Analysis by Applications.
7. Marketing Channel, Distributors, and Customers.
8. Neodymium Import, Export, Consumption, and Consumption Value by Major Countries.
9. Neodymium Market Forecast & Market Dynamics.
TOC of This Report @https://www.databridgemarketresearch.com/toc/?dbmr=global-neodymium-market
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