Neodymium Market - Size, Share, Growth, Trends and Forecast 2016 – 2024

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Neodymium Market - Global Industry
Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Neodymium
Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024” This report likewise
incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide
business sector industry structure.
Neodymium Market: Overview
Neodymium is a rare earth metal with the symbol ‘Nd’ having an atomic number 60. The metal is soft and silvery in nature and
tarnishes when exposed to air. Neodymium is present in large quantities in various ore minerals such as monazite bastnasie. The
element is not present naturally in metal form and is always refined for general use. Although, neodymium is referred to as a
rare earth metal it is a common element and is found largely in the earth’s crust. The original color of neodymium is reddish
purple, but changes based on the lighting used owing to its fluorescent effects.
Neodymium compounds are employed commercially in glass dyes and are used as an additive in the manufacture of glass.
Moreover, 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, such as experiments in a process known
as inertial confinement fusion. 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, computer hard disks etc.
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Neodymium Market: Drivers and Trends
The key drivers of the neodymium market are its use in the glass and ceramics industry. The use of glass for various applications
including as a packaging material, crockery, spectacles etc. is expected to drive the glass market during the forecast period.
This in turn is anticipated to boost the market for neodymium over the next few years. In addition, increase in construction
activities in various regions has been driving the ceramics and glass market in the past years.
The rising demand for new residential houses and buildings has been boosting the glass and ceramic tile market. This will in turn
boost the market for neodymium during the projected period. In addition, its use as a magnet in various end use industries such
as electrical and electronics industry is expected to drive the market for neodymium during the forecast period. Neodymium is
one the most costly metals among the rare earth metals and therefore has very few commercial uses. The cost factor can be a
major restraint for the neodymium market.
Neodymium Market: Region-wise Outlook
The key regions present in the neodymium market include North America, Europe, Asia Pacific and Rest of the World (RoW). The
demand for glass and ceramics is expected to be the highest in the Asia Pacific region owing to the increasing number of
residential and commercial constructions in the region especially in growing economies like India and China. This in turn is
expected to boost the market for neodymium over the next few years.
In addition, the packaging market has been driving the market for glass in the past and this trend is likely to continue during the
forecast period. This will further act as a driver for the neodymium market. Furthermore, North America follows Asia Pacific
owing to new construction projects that are being taken on especially in the state New York. Commercial buildings in North
America prefer the usage of glass in their construction projects. This is anticipated to drive the neodymium market in the North
American region during the projected period.
Neodymium Market: Key Players
The key companies present in the neodymium market include Chemicool Ltd., American Elements: The Material Science
Company etc. A number of new players are emerging in the neodymium market and high investments are being made my
companies to develop new technologies in order to commercialize neodymium even further.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and
verifiable projections about market size. The projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every
facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
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Market segments and sub-segments
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Market trends and dynamics
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Supply and demand
•
Market size
•
Current trends/opportunities/challenges
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Competitive landscape
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Technological breakthroughs
•
Value chain and stakeholder analysis
The regional analysis covers:
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North America (U.S. and Canada)
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Latin America (Mexico, Brazil, Peru, Chile, and others)
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Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
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Eastern Europe (Poland, Russia)
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Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
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Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned
analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and
market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and
mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment
over the forecast period.
Highlights of the report:
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A complete backdrop analysis, which includes an assessment of the parent market
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Important changes in market dynamics
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Market segmentation up to the second or third level
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Historical, current, and projected size of the market from the standpoint of both value and volume
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Reporting and evaluation of recent industry developments
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Market shares and strategies of key players
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Emerging niche segments and regional markets
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An objective assessment of the trajectory of the market
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Recommendations to companies for strengthening their foothold in the market+
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Global Neodymium Market to be driven by glass and ceramics industry across the globe, Asia Pacific holds the largest share for neodymium market by 2024. This research report analyzes neodymium market on the basis of its market segments, major geographies, and current market trends