Neodymium Market Opportunities Rise with Increasing Industrial...

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2025-08-29 08:46:13 -

Neodymium Market Opportunities Rise with Increasing Industrial Automation

The global neodymium market size was estimated at USD 5.28 billion in 2024 and is projected to reach USD 7.30 billion by 2030, growing at a CAGR of 6.7% from 2025 to 2030. The neodymium industry is experiencing significant growth, primarily fueled by the rising demand for permanent magnets across multiple industries. Neodymium magnets, also known as NdFeB magnets, are the strongest...

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