Neodymium Oxide Market Trends, Growth Drivers and Future Outlook
The neodymium oxide market is growing steadily due to rising demand from electric vehicles, wind turbines, and high-performance permanent magnets. As per the report, the market was valued at USD 4.93 Billion in 2025 and is projected to reach USD 6.13 Billion by 2032, growing at a CAGR of 3.16% during 2026–2032. Demand is also supported by its use in catalysts, glass and ceramics, and polishing powders, while Asia-Pacific continues to lead global consumption.