"Exploring the Potential of Neodymium Market: Market Entry and Expansion Strategies"
According to Data Bridge Market Research, the neodymium
market was worth USD 554.83 million in 2021 and is expected to grow at a CAGR
of 4.40% from 2022 to 2029, reaching a value of USD 783.00 million. Along
with the market's value, growth rate, segments, geographical coverage, players,
and scenario, the market report created by the Data Bridge Market Research team
also includes extensive expert analysis, import/export analysis, pricing
analysis, production consumption analysis, patent analysis, and technological
advancements.
Market Insights and Scope
Neodymium is a rare-earth metal with the atomic number of 60
and is denoted by the symbol Nd. This silvery-white metal is ductile and
malleable, but it can easily tarnish in the presence of moisture and air. When
exposed to air, neodymium can readily oxidize, forming Nd2O3 oxide, which can
easily flake off, exposing the metal to further oxidation. As a result, it must
be stored in a sealed plastic container, vacuum, or an environment that is
unreactive.
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