Neodymium Market Key Players Outlook, Latest Trends and Forecast up to 2028

ROCKVILLE, United States, 2021-May-12 — /EPR Network/ —

Title: Neodymium Market Study Provides Latest Intelligence on Growth in 2021 and Beyond

Global Neodymium supply-demand continues to be impacted by broader developments in the chemicals sector. The new Neodymium market research report outlines the key factors that will impact production, supply, and demand during the assessment period (2018-2028).

The study tracks Neodymium demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Neodymium in particular.

How will Neodymium Sales Grow in 2021 and Beyond

The Neodymium industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.

Overall, demand for Neodymium will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.

Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million.

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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.

The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022.

Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery.

The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.

Neodymium Market: Segmentation

The neodymium market can be segmented on the basis of application and end use industry.

On the basis of application, the neodymium market has been segmented into,

• Catalyst
• Magnet
  • Sintered magnets
  • Bonded magnets
• Glass
• Ceramics
• Lasers
• Others

On the basis of end use industry, the neodymium market has been segmented into,

• Consumer electrical and electronics
• Automotive
• Energy
• Medicinal
• Others

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 Competitive Landscape

The Fact.MR study profiles the business, product and other key strategies of the leading  Neo Performance Materials Inc companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use. Some of the leading companies in the Neodymium market include (eo Performance Materials Inc., Lynas Corporation Ltd, GanZhou QianDong Rare Earths Group Co.,Ltd)

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The report covers exhaust analysis on,

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes,

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordic, Eastern Europe)
• CIS and Russia
• Asia-Pacific (China, India, ASEAN, South Korea)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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5. Up-To-Date Insights on Industry Trends

 

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