1. What is the projected Compound Annual Growth Rate (CAGR) of the NdPr Oxide?
The projected CAGR is approximately 10.4%.
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NdPr Oxide by Type (High-purity NdPr Oxide, Ordinary-purity NdPr Oxide), by Application (Electronics, Clean Energy, Aerospace, Automotive, Defence), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The NdPr Oxide market has witnessed significant growth in recent years, with a market size of 4741.7 million in 2025. This growth is primarily driven by the increasing demand for NdPr Oxide in various applications, including electronics, clean energy, and automotive. The market is projected to continue its upward trajectory, with a projected CAGR of 10.4% over the forecast period from 2025 to 2033.
Factors contributing to the growth of the NdPr Oxide market include the rising global demand for clean energy technologies, such as electric vehicles and wind turbines, which require NdPr Oxide in their production. Other trends influencing market growth include the ongoing development of high-purity NdPr Oxide grades, which offer enhanced properties, and the increasing adoption of NdPr Oxide in aerospace and defense applications. The market is fragmented, with key players such as China Rare Earth Group, China Northern Rare Earth Group, and Lynas holding significant market shares.
The global NdPr oxide market is expected to witness a CAGR of over 10% during the forecast period (2023-2028). This growth can be attributed to the rising demand for NdPr oxide in various applications, such as electronics, clean energy, aerospace, and automotive. In 2021, the global NdPr oxide consumption value stood at around USD 10.5 million. This value is projected to reach USD 18.5 million by 2028.
The increasing adoption of electric vehicles (EVs) is a key driver of the NdPr oxide market. NdPr oxide is a key component of permanent magnets, which are used in EV motors. The growing demand for EVs is expected to drive up the demand for NdPr oxide in the coming years.
The rising demand for NdPr oxide is primarily driven by the following factors:
The NdPr oxide market faces several challenges and restraints, including:
The Asia-Pacific region is the dominant market for NdPr oxide, accounting for over 60% of the global consumption in 2021. China is the largest consumer of NdPr oxide in the world, followed by Japan and South Korea.
The electronics segment is the largest application segment for NdPr oxide, accounting for over 50% of the global consumption in 2021. The growing demand for electronics is expected to continue to drive up the demand for NdPr oxide in this segment in the coming years.
The following factors are expected to drive the growth of the NdPr oxide industry in the coming years:
Some of the leading players in the NdPr oxide market include:
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 10.4% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research

Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 10.4%.
Key companies in the market include China Rare Earth Group, China Northern Rare Earth Group, Arafura Resources, Medallion Resources, Treibacher, MP Materials, Lynas, Pensana, Neo Performance Materials, Energy Fuels, Peak Rare Earths, Hastings Technology Metals, Cummins Range, Shenghe Resources, Shenzhen Chengxin Lithium, Vital Metals, .
The market segments include Type, Application.
The market size is estimated to be USD 4741.7 million as of 2022.
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The market size is provided in terms of value, measured in million and volume, measured in K.
Yes, the market keyword associated with the report is "NdPr Oxide," which aids in identifying and referencing the specific market segment covered.
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