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2025-08-06 05:53:44 -

Neodymium Market Gains Momentum with Rising Demand in Medical Equipment

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. This growth is primarily fueled by the increasing demand for permanent magnets across diverse industries. Neodymium magnets, commonly referred to as NdFeB magnets, are the strongest type of rare-earth magnets and...

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