The global dysprosium market was valued at US$493.456 million in 2018 and is estimated to grow at a healthy CAGR during the forecast period of 2018 to 2024. Dysprosium (Dy) is a rare earth element with a bright silver metal-like appearance. The demand for this element is primarily driven by the permanent magnet application segment due to its exceptional property to resist demagnetization in the objects. These magnets are increasingly being utilized in motors, electric vehicles, generators, wind turbines, and data-storage applications. Thus, rising investments in green energy technologies are providing a big boost to the global dysprosium market growth. The growing adoption of electric vehicles is going to accelerate the demand for Dysprosium and its components in the upcoming years. Furthermore, burgeoning demand for electronic products is expected to bolster the market growth due to its increased use in data-storage-based applications. Thus, the market is poised to show good growth over the forecast period on account of producers other than China planning to invest in new projects to address the growing demand for the element.
The growing propensity towards green energy sources
Burgeoning demand for electronic products across the globe
Export restrictive policies by China
In July 2018, Northern Minerals Limited set their pilot project in Western Australia with an aim to become the most significant producer of Dysprosium outside of China.
The major players profiled in the Global Dysprosium market include Lynas Corporation Ltd, METAL RARE EARTH LIMITED, HEFA Rare Earth Canada Co. Ltd., GanZhou QianDong Rare Earths Group Co., Ltd., Alkane Resources Ltd., Avalon Advanced Materials, Canada Rare Earth Corporation, Super Conductor Materials, Inc., Merck KGaA, and Northern Minerals Limited.
The Global Dysprosium market has been analyzed through the following segments:
Middle East and Africa
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GLOBAL DYSPROSIUM MARKET BY PRODUCT
5.1. Dysprosium Metal
5.2. Dysprosium Oxide
5.3. Dysprosium Alloy
6. GLOBAL DYSPROSIUM MARKET BY APPLICATION
6.1. Permanent Magnets
6.3. Commercial Lighting
6.4. Halide Lamps
7. GLOBAL DYSPROSIUM MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.4. Middle East and Africa
7.5. Asia Pacific
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Lynas Corporation Ltd
9.2. METAL RARE EARTH LIMITED
9.3. HEFA Rare Earth Canada Co. Ltd.
9.4. GanZhou QianDong Rare Earths Group Co., Ltd.
9.5. Alkane Resources Ltd.
9.6. Avalon Advanced Materials
9.7. Canada Rare Earth Corporation
9.8. Super Conductor Materials, Inc.
9.9. Merck KGaA,
9.10. Northern Minerals Limited
LIST OF FIGURES
LIST OF TABLES
Lynas Corporation Ltd
METAL RARE EARTH LIMITED
HEFA Rare Earth Canada Co. Ltd.
GanZhou QianDong Rare Earths Group Co., Ltd.
Alkane Resources Ltd.
Avalon Advanced Materials
Canada Rare Earth Corporation
Super Conductor Materials, Inc.
Northern Minerals Limited
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.