Praseodymium Neodymium Oxide Market Outlook

The global praseodymium neodymium oxide market size is projected to reach USD 3.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.2% from 2023 to 2032. In 2023, the market was valued at USD 1.7 billion. The growth in this market is primarily driven by the increasing demand for high-performance magnets, which are essential in various high-tech applications, including electric vehicles (EVs), renewable energy systems, and numerous consumer electronics.

One of the most significant growth factors for the praseodymium neodymium oxide market is the expanding electric vehicle (EV) industry. As the global push towards sustainable and eco-friendly transportation intensifies, the demand for praseodymium neodymium oxide, which is used in the production of powerful permanent magnets for EV motors, is set to surge. These magnets are critical for enhancing the efficiency and power output of electric motors, thereby driving the adoption of praseodymium neodymium oxide in the automotive sector.

The renewable energy sector, particularly wind energy, is another major driver for the praseodymium neodymium oxide market. Wind turbines require strong and lightweight magnets to convert wind energy into electrical energy efficiently. Praseodymium neodymium oxide serves as a key material in these magnets, contributing to the overall efficiency and reliability of wind turbines. As countries worldwide set ambitious renewable energy targets, the demand for these materials is expected to rise significantly.

Additionally, the consumer electronics industry is experiencing a consistent rise in demand for advanced gadgets such as smartphones, tablets, and laptops, which utilize praseodymium neodymium oxide-based magnets for various applications including speakers and hard disk drives. The continuous innovation in electronic products and the integration of advanced magnetic technologies are further propelling the growth of the praseodymium neodymium oxide market.

Regionally, Asia Pacific stands out as the fastest-growing market for praseodymium neodymium oxide, driven by robust industrialization, the presence of large-scale electronics and automotive manufacturing hubs, and significant investments in renewable energy projects. Countries like China, Japan, and South Korea are leading contributors in this region, supported by favorable government policies and substantial R&D investments aimed at enhancing material efficiency and reducing dependency on imports.

Product Type Analysis

The praseodymium neodymium oxide market can be segmented by product type into high purity and low purity praseodymium neodymium oxide. High purity praseodymium neodymium oxide, which is typically characterized by a purity level exceeding 99.9%, is in high demand for applications requiring stringent material specifications. This segment is predominantly utilized in high-performance magnets, advanced ceramics, and specialized catalysts, where even minor impurities can significantly impact the material's performance.

High purity praseodymium neodymium oxide is particularly crucial in the production of high-efficiency electric motors and wind turbines, where superior magnetic properties are essential. The growing demand for electric vehicles and renewable energy solutions is expected to drive substantial growth in this segment. Additionally, the ongoing development of cutting-edge technologies in the electronics and aerospace sectors further bolsters the need for high purity materials.

On the other hand, low purity praseodymium neodymium oxide, with a purity level below 99.9%, finds its applications primarily in bulk materials where the performance requirements are less stringent. This segment is utilized in various conventional applications such as glass coloring and ceramics. Despite its lower value compared to high purity products, the demand for low purity praseodymium neodymium oxide remains steady due to its cost-effectiveness and adequate performance for specific uses.

The production processes for high and low purity praseodymium neodymium oxide also vary significantly. High purity production involves more sophisticated refining techniques and stricter quality control measures to ensure the desired levels of purity. This, in turn, affects the overall cost structure and pricing dynamics within the market. Consequently, stakeholders in this segment often focus on enhancing production efficiency and reducing impurities to meet the evolving demands of high-tech indus

The global neodymium oxide sputtering target market is experiencing robust growth, driven by the increasing demand for advanced electronic components and the expansion of semiconductor manufacturing. While precise market size figures aren't provided, considering typical CAGR values for niche materials markets within the semiconductor industry (often ranging from 5% to 15%), and assuming a base year market size of $200 million in 2025 (this is an educated estimation based on related market sizes and growth patterns for similar advanced materials), a conservative CAGR of 8% suggests a market value exceeding $300 million by 2033. This growth is fueled by several key factors. The rising adoption of advanced technologies like 5G and artificial intelligence necessitates high-performance semiconductors, which in turn rely heavily on precise and efficient sputtering target materials. Furthermore, the increasing demand for miniaturized and high-density electronic devices promotes the utilization of neodymium oxide sputtering targets due to their unique material properties enabling superior thin-film deposition. The market is segmented by type (rotatable and non-rotatable) and application (semiconductor, CVD, PVD, and others). The semiconductor sector dominates the application segment due to its significant role in modern electronics manufacturing. Geographical distribution reveals a concentration of market share in North America and Asia-Pacific, with China and the United States representing significant manufacturing and consumption hubs. However, the European and other regional markets are witnessing increased adoption, contributing to the overall market growth. Growth is, however, tempered by certain challenges. The cost of raw materials (neodymium oxide) and the inherent complexity of manufacturing high-quality sputtering targets impose price pressures. Fluctuations in the global supply chain and geopolitical factors can also impact production and pricing. Nevertheless, ongoing research and development efforts focusing on improving target durability, yield, and deposition efficiency are expected to offset these challenges and drive long-term market expansion. Key players in the market actively compete on quality, customization options, and delivery times, further contributing to innovation and market dynamics.

Explore the Neodymium Oxide Manufacturing Plant Project Report 2025 by Procurement Resource. Stay updated on Neodymium Oxide manufacturing cost analysis, procurement insights, ROI, and market evaluation.

High Purity Neodymium Oxide Market Outlook

The global high purity neodymium oxide market size was valued at approximately USD 1.2 billion in 2023 and is projected to reach USD 2.5 billion by 2032, growing at a robust CAGR of 8.5% during the forecast period. A key growth factor driving this market is the increasing demand for high-performance magnets in various high-tech applications, especially in the renewable energy and automotive sectors.

One of the primary growth drivers for the high purity neodymium oxide market is the escalating demand for permanent magnets, particularly neodymium-iron-boron (NdFeB) magnets. These magnets are pivotal in the production of electric vehicles (EVs), wind turbines, and various electronic devices. As the world grapples with the urgency of transitioning to sustainable energy solutions, the demand for wind turbines and EVs has surged dramatically, subsequently driving the need for high-performance NdFeB magnets. These developments directly impact the demand for high purity neodymium oxide, which is a critical raw material in their manufacture.

Another significant factor contributing to the market growth is the rapid expansion in the electronics industry. The global electronics market has been witnessing exponential growth, propelled by advancements in technology, increasing consumer demand for smart devices, and the proliferation of the Internet of Things (IoT). High purity neodymium oxide is extensively used in various electronic components such as sensors, transducers, and actuators, which are integral to modern electronic devices. This expanding application base is fostering the growth of the market.

Additionally, the burgeoning healthcare sector is showing an increased utilization of high purity neodymium oxide. This compound is used in various medical imaging devices and diagnostic tools, including MRI machines. The rising prevalence of chronic diseases and the growing need for advanced diagnostic tools are driving the demand for these medical devices, thus boosting the market for high purity neodymium oxide.

The regional outlook for the high purity neodymium oxide market reflects the dominance of Asia Pacific, owing to its strong industrial base and extensive manufacturing activities. Countries like China and Japan are at the forefront, driven by their robust electronics and automotive industries. North America and Europe are also significant markets, with substantial investments in renewable energy projects and advanced healthcare infrastructure. The Middle East & Africa and Latin America are expected to witness moderate growth, primarily due to emerging industrialization and an increasing focus on sustainable energy solutions.

Purity Level Analysis

Analyzing the purity levels, the high purity neodymium oxide market is segmented into 99.5%, 99.9%, 99.99%, and others. The 99.99% purity level segment is anticipated to witness the highest growth rate, driven by its extensive application in high-end technological and scientific domains. This ultra-high purity neodymium oxide is crucial for producing high-performance magnets used in critical applications such as aerospace, defense, and advanced medical devices. The stringent quality requirements in these sectors necessitate the use of the highest purity levels, thereby propelling the demand for 99.99% purity neodymium oxide.

The 99.9% purity level segment is also expected to hold a significant market share. This level of purity is widely used in the electronics and automotive industries, given its balance between cost and performance. High purity neodymium oxide at 99.9% is essential for manufacturing various components that require optimal magnetic properties, such as hard disk drives, electric motors, and sensors. The ongoing advancements and increasing production in these industries are driving the demand for this segment.

Neodymium oxide with 99.5% purity is primarily used in applications where ultra-high purity is not a critical requirement but functional efficiency is still essential. This segment finds considerable application in ceramics and glass manufacturing, where it is used as a colorant and in the production of glass lasers. The robust growth in the ceramics and glass industries, driven by increased construction activities and consumer demand for decorative items, is supporting the demand for this purity level.

Other purity levels of neodymium oxide, while not as dominant, still contribute significantly to the market. These variants are often used in experimental and developmental

The neodymium oxide market, currently valued at $305 million in 2025, is projected to experience robust growth, driven by increasing demand across diverse applications. The 7.5% CAGR indicates a significant expansion over the forecast period (2025-2033), reaching an estimated value exceeding $600 million by 2033. Key drivers include the burgeoning renewable energy sector, particularly wind turbines and electric vehicles, which rely heavily on neodymium-based permanent magnets for efficient operation. The electronics industry also contributes significantly, with neodymium oxide utilized in various components like high-performance speakers and precision instruments. Further growth is fueled by advancements in material science leading to improved magnet performance and efficiency, as well as the expansion of applications into emerging technologies like advanced robotics and medical imaging. Segmentation analysis reveals that the glass and ceramic colorant applications represent a substantial portion of the market, while the high-purity 5N grade commands premium pricing. The geographical distribution shows strong presence in Asia Pacific, particularly China, which is a major producer and consumer of rare earth elements, followed by North America and Europe, with growing demand anticipated from developing economies in other regions. Competitive dynamics are shaped by a relatively concentrated landscape, with prominent players such as China Minmetals Rare Earth and other major Chinese companies holding significant market shares. While China dominates the supply chain, diversification efforts by other nations are underway to enhance supply security and reduce reliance on a single source. However, environmental regulations and sustainable sourcing practices are emerging as significant factors that influence the market dynamics and will likely shape future investment and production strategies. The continued growth of green technologies will ultimately shape the future trajectory of the neodymium oxide market, necessitating further research into sustainable mining practices and the exploration of alternative materials to ensure long-term supply chain stability.

Neodymium Oxide Market Outlook

According to the latest research conducted in 2025, the global neodymium oxide market size reached USD 2.35 billion in 2024, reflecting the growing demand for rare earth elements across diverse industries. The market is projected to expand at a robust CAGR of 7.8% during the forecast period, with the total market value forecasted to reach USD 4.67 billion by 2033. This growth trajectory is primarily fueled by the increasing utilization of neodymium oxide in high-performance magnets, advanced electronics, energy storage solutions, and optical applications. As industries worldwide continue to embrace green technologies and digital transformation, the demand for neodymium oxide is expected to witness a sustained upward trend.

One of the most significant growth drivers for the neodymium oxide market is its critical role in the manufacturing of high-strength permanent magnets, particularly neodymium-iron-boron (NdFeB) magnets. These magnets are essential components in electric vehicles (EVs), wind turbines, and various consumer electronics, all of which are experiencing exponential growth. The global shift toward renewable energy and electrification, especially in automotive and energy sectors, is creating unprecedented demand for neodymium oxide. Additionally, technological advancements in magnet manufacturing are enhancing efficiency and reducing costs, making neodymium-based products more accessible to a broader range of applications. The increasing adoption of smart devices and the proliferation of Internet of Things (IoT) technologies further amplify the need for neodymium oxide in miniaturized, high-performance electronic components.

Another pivotal factor contributing to the market’s expansion is the rising use of neodymium oxide in the glass and ceramics industry. Neodymium oxide is widely employed as a colorant and dopant to impart unique optical properties to glass, ceramics, and optical fibers. The material’s ability to filter infrared and ultraviolet light, as well as enhance color consistency, makes it highly desirable in the production of specialty glass for lasers, camera lenses, and scientific instruments. The burgeoning demand for advanced optical devices in telecommunications, healthcare, and research sectors is expected to propel the consumption of neodymium oxide. Furthermore, the ongoing innovation in glass and ceramics manufacturing processes is likely to unlock new application avenues, thereby sustaining the market’s momentum.

The robust growth of the electronics and energy storage industries is also playing a vital role in driving the neodymium oxide market. The rapid expansion of the consumer electronics sector, coupled with the increasing integration of neodymium-based components in batteries, fuel cells, and capacitors, is creating lucrative opportunities for market participants. As countries intensify their efforts to achieve carbon neutrality, the demand for efficient energy storage and conversion technologies is set to rise sharply. Neodymium oxide, with its exceptional magnetic and optical properties, is well-positioned to meet the evolving needs of these high-growth sectors. Additionally, supportive government policies, research funding, and strategic investments in rare earth supply chains are expected to further bolster market growth over the forecast period.

From a regional perspective, Asia Pacific remains the undisputed leader in the global neodymium oxide market, driven by the dominance of China in rare earth mining and processing. The region accounts for over 62% of the total market share in 2024, with rapid industrialization, expanding electronics manufacturing, and robust investments in renewable energy infrastructure. North America and Europe are also witnessing significant growth, fueled by the rising adoption of electric vehicles, renewable energy projects, and stringent environmental regulations. Latin America and the Middle East & Africa, though currently holding smaller shares, are expected to emerge as high-potential markets owing to increasing investments in mining, energy, and advanced manufacturing sectors. The global neodymium oxide market is thus characterized by a dynamic regional landscape, shaped by diverse industrial priorities and resource endowments.

The Neodymium Oxide Sputtering Target market is experiencing robust growth, driven by increasing demand from the semiconductor and thin-film industries. The market size in 2025 is estimated at $150 million, exhibiting a Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033. This growth is fueled by several key factors. The expanding semiconductor industry, particularly in advanced memory and logic chips, necessitates high-purity sputtering targets for precise deposition of neodymium oxide films. Furthermore, advancements in chemical vapor deposition (CVD) and physical vapor deposition (PVD) techniques are enhancing the efficiency and quality of thin-film coatings, further boosting demand. The rising adoption of neodymium oxide in specialized optical coatings and emerging applications within the renewable energy sector also contribute to market expansion. Segmentation within the market reveals a strong preference for rotatable transformation targets due to their superior deposition uniformity and longer lifespan. Key players like American Elements, Stanford Advanced Materials, and others are investing heavily in research and development to improve target quality and expand their product portfolios, fostering competition and driving innovation. Geographic analysis reveals that North America and Asia Pacific currently hold significant market share, propelled by established semiconductor manufacturing hubs. However, the growing demand for advanced technologies in Europe and other regions suggests a potential for market expansion in these areas. Despite the strong growth outlook, challenges remain. Fluctuations in the price of rare earth elements like neodymium can impact target production costs and profitability. Furthermore, the market faces challenges in meeting increasingly stringent purity requirements for advanced applications. Despite these restraints, the overall outlook for the Neodymium Oxide Sputtering Target market remains positive, with continued growth expected over the forecast period driven by technological advancements and increasing applications across diverse industries.

The rare earth metal market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 4.19% from 2025 to 2033. This expansion is fueled by the increasing demand across diverse sectors. The automotive industry's reliance on rare earth magnets for electric vehicle motors and hybrid systems is a significant driver. Furthermore, the burgeoning renewable energy sector, particularly wind turbines and solar panels, necessitates substantial quantities of rare earth elements. Technological advancements in electronics and telecommunications also contribute to heightened demand, as rare earths are crucial components in various electronic devices. Growth is segmented across elements such as cerium oxide, neodymium alloys, and dysprosium, each exhibiting varying demand trajectories based on specific application needs. Geographic distribution shows a significant concentration of market share in the Asia-Pacific region, particularly China, driven by established mining and processing infrastructure. However, geopolitical factors and initiatives to diversify sourcing are influencing market dynamics, fostering growth in other regions like North America and Europe. Restraints include the inherent geopolitical complexities associated with rare earth element mining and processing, along with environmental concerns related to extraction and refining. Despite these challenges, ongoing research and development in alternative materials and improved extraction techniques are mitigating some of these risks. The market is witnessing increased investment in sustainable mining practices and recycling initiatives to address environmental concerns and ensure a more stable supply chain. Furthermore, government policies promoting the development of domestic rare earth industries are anticipated to shape the market's trajectory in the coming years. The competitive landscape includes a diverse mix of established mining companies and emerging players. Companies like Lynas Rare Earths and China's Aluminum Corporation are key players, shaping the global supply and demand dynamics of these critical materials. This complex interplay of factors suggests that while the market will continue its expansion, strategic resource management and technological innovations will remain crucial to sustaining its growth. Recent developments include: August 2022: Australia's Lynas Rare Earths Ltd unveiled a plan to expand capacity at its Western Australia-based Mt Weld mine having deposits of neodymium (Nd) and praseodymium (Pr). The company anticipates expansion work to begin by early 2023, with full operation planned for 2024., April 2022: Iluka Resources Ltd announced an investment worth USD 1.2 billion for developing the Eneabba Phase 3 rare earth refinery in Western Australia for the dedicated production of rare Earth oxides. The investment aims to make Iluka a strategic hub for the downstream processing of Australia's rare earth resources.. Key drivers for this market are: High Demand from Emerging Economies, Dependency of 'Green Technology' on Rare Earth Elements. Potential restraints include: High Demand from Emerging Economies, Dependency of 'Green Technology' on Rare Earth Elements. Notable trends are: Increasing Demand for Magnets.

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Rare Earth Metals Market Size 2025-2029

The rare earth metals market size is forecast to increase by USD 3.78 billion at a CAGR of 9.1% between 2024 and 2029.

The market is experiencing significant growth due to the increasing demand for electronic appliances and personal equipment, driven by global consumer trends and technological advancements. This demand is further fueled by the expansion of production capacities and the emergence of alternative suppliers, which are aiming to reduce dependence on traditional sources. However, market growth is not without challenges. Demand-supply imbalances persist due to the complex and often unpredictable nature of rare earth metal mining and production. Moreover, the rise of substitutes, such as recycling and the development of new technologies, is posing a threat to market players. Companies seeking to capitalize on market opportunities must stay abreast of these trends and navigate challenges effectively by investing in research and development, exploring alternative supply chains, and collaborating with industry partners to ensure a stable and sustainable supply of rare earth metals.

What will be the Size of the Rare Earth Metals Market during the forecast period?

Request Free SampleRare earth metals, a group of 17 elements on the periodic table, play a crucial role in various industries, particularly in consumer equipment, catalyst systems, and green technology. These metals are essential for catalyst systems in industrial processes and are key components in magnets used in applications such as permanent magnets in gadolinium magnets and neodymium magnets. The demand for rare earth metals is driven by their use in electric vehicles, electronic appliances, and battery production. The supply chain for these metals is complex, with a significant portion extracted from concentrated deposits. However, resource scarcity and the environmental impact of metal extraction have led to increased focus on recycling efforts. Industrial uses of rare earth metals extend beyond magnets, with applications in battery production, wind turbines, and various other industries. The market dynamics for rare earth metals are influenced by production capacities, demand for specific metals, and the challenges of extracting them from the earth's crust. Catalyst systems, magnet applications, and green technology are just a few areas where rare earth metals contribute significantly. As the world transitions to more sustainable energy sources and electric vehicles become more prevalent, the demand for these metals is expected to grow.

How is this Rare Earth Metals Industry segmented?

The rare earth metals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationPermanent magnetsMetal alloysCatalystsPolishing powderOthersTypeLight rare earth elementsHeavy rare earth elementsOthersProductCeriumDysprosiumErbiumOthersGeographyAPACChinaIndiaJapanSouth KoreaVietnamNorth AmericaUSCanadaEuropeGermanyUKMiddle East and AfricaSouth America

By Application Insights

The permanent magnets segment is estimated to witness significant growth during the forecast period.Rare earth metals, primarily including neodymium, pradymium, dysprosium, gadolinium, terbium, and samarium, are essential components for producing rare earth magnets. These magnets are integral to various high-tech technologies, such as military equipment, consumer electronics, automotive industries, and renewable energy solutions like wind turbines. Neodymium oxide, a rare earth oxide, is a significant component of Neodymium-iron-boron (NdFeB) magnets, which are widely used in applications ranging from audio and video components to automobiles and electric vehicles. China, as a leading consumer and supplier, dominates the market for NdFeB magnets and exports a substantial amount of these magnets. The environmental impacts of rare earth mining, including water contamination and habitat destruction, as well as air contamination, have raised concerns regarding the sustainability of this industry. However, the increasing demand for clean energy and renewable energy sources, such as LED lamps and wind turbines, necessitates the continued production and capacity expansion. Geopolitical factors and the concentration of rare earth deposits in specific regions contribute to supply chain complexities. Furthermore, rare earth magnets play a crucial role in catalyst systems, glass & ceramics, and various other industries. The evolving market dynamics and trends necessitate a comprehensive of the market and its implications on various industries.

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The Permanent magnets segment was valued at USD 1.36 billion

Neodymium Compounds Market Outlook

According to our latest research, the global neodymium compounds market size in 2024 was valued at USD 2.85 billion, reflecting robust demand across multiple industrial sectors. The market is exhibiting a strong growth trajectory with a CAGR of 7.6% from 2025 to 2033. By the end of 2033, the market is forecasted to reach USD 5.57 billion. This significant growth is primarily driven by the expanding applications of neodymium compounds in high-performance magnets, electronics, and green energy technologies, especially within automotive and renewable energy industries.

One of the primary growth factors for the neodymium compounds market is the surging demand for neodymium magnets, particularly in electric vehicles (EVs) and wind turbines. Neodymium-based magnets, such as neodymium-iron-boron (NdFeB), are renowned for their superior magnetic properties and are essential components in the motors of EVs and generators in wind power installations. As the global push towards clean energy intensifies, the adoption of EVs and renewable energy solutions is accelerating, directly influencing the consumption of neodymium compounds. Additionally, government incentives and policies favoring sustainable transportation and energy further bolster this demand, ensuring a stable market expansion over the forecast period.

Another critical driver of market growth is the increasing utilization of neodymium compounds in the electronics and optics industries. Neodymium is widely used in the manufacturing of glass, ceramics, and catalysts, as well as in lasers and other advanced electronic devices. The miniaturization trend in consumer electronics, coupled with the proliferation of smart devices, has amplified the need for high-performance materials like neodymium compounds. Moreover, the unique optical properties of neodymium-doped glass make it indispensable in the production of specialized lenses and lasers, which are crucial in medical, industrial, and scientific applications. This diversification of end-use applications is creating new avenues for market growth.

Furthermore, the ongoing research and development activities aimed at improving the extraction, processing, and recycling of neodymium compounds are contributing to market expansion. Innovations in separation technologies and sustainable mining practices are making neodymium compounds more accessible and cost-effective, thereby encouraging their adoption across a wider range of industries. Additionally, the growing awareness of the environmental impact of rare earth mining is prompting industry players to invest in eco-friendly alternatives and recycling initiatives, further supporting the long-term sustainability of the neodymium compounds market.

From a regional perspective, Asia Pacific remains the dominant market for neodymium compounds, accounting for the largest share due to the presence of major manufacturing hubs in China, Japan, and South Korea. The region benefits from abundant rare earth reserves, robust industrial infrastructure, and increasing investments in high-tech sectors. North America and Europe are also witnessing significant growth, driven by technological advancements and policy support for green technologies. Meanwhile, emerging markets in Latin America and the Middle East & Africa are gradually increasing their market presence, supported by infrastructural development and foreign investments in mining and manufacturing sectors.

Product Type Analysis

The neodymium compounds market is segmented by product type into neodymium oxide, neodymium nitrate, neodymium chloride, neodymium acetate, and others. Among these, neodymium oxide holds the largest share, primarily due to its widespread use in the production of high-strength magnets and glass coloring agents. Neodymium oxide’s superior magnetic and optical properties make it the preferred choice for manufacturing NdFeB magnets and specialty glass, which are in high demand across automotive, electronics, and renewable energy sectors. The consistent growth in these end-use industries is directly translating into higher consumption of neodymium oxide, reinforcing its dominant position within the product segment.

Neodymium nitrate and neodymium chloride are also gaining prominence, particularly in catalysts and chemical synthesis applications. These compounds are valued for their solubility and reactivity, making them s

The neodymium market is experiencing robust growth, projected to reach a significant size by 2033. A Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033 indicates substantial market expansion driven primarily by the increasing demand for neodymium magnets in electric vehicles (EVs), wind turbines, and consumer electronics. The rising adoption of renewable energy technologies, particularly wind power, is a key driver, necessitating large quantities of high-performance neodymium magnets for efficient energy generation. Simultaneously, the global shift towards electric mobility fuels the demand for neodymium magnets in EV motors, contributing significantly to market growth. Furthermore, the expanding consumer electronics sector, with its reliance on smaller, more powerful magnets in devices like smartphones and headphones, consistently adds to the overall demand. While supply chain disruptions and price volatility remain potential restraints, ongoing investments in neodymium mining and processing technologies are expected to mitigate these challenges. The market segmentation shows a strong presence of both established players and emerging companies, indicating a competitive yet dynamic landscape. The leading companies—Arafura Resources, China Rare Earth Holdings Limited, Lynas Rare Earths Ltd, METALL RARE EARTH LIMITED, MP MATERIALS, Peak Rare Earths, Rainbow Rare Earths Limited, HEFA Rare Earth Canada Co Ltd, Australian Strategic Materials Ltd, and others—are strategically positioned to capitalize on the market's growth trajectory. Geographic distribution of the market likely reflects a concentration in regions with significant manufacturing hubs and robust renewable energy initiatives. However, efforts to diversify supply chains and establish mining and processing operations in multiple locations are underway, potentially leading to a more geographically balanced market in the coming years. Ongoing research and development focused on improving magnet efficiency and exploring alternative materials are also shaping the future of the neodymium market, although neodymium's superior magnetic properties are expected to maintain its dominance in several key applications for the foreseeable future. Recent developments include: February 2023: MP Materials and Sumitomo Corporation entered into an agreement to diversify and strengthen rare earth supplies in Japan. Under the agreement, Sumitomo Corporation becomes the exclusive distributor of neodymium and praseodymium (NdPr) oxide produced by MP Materials., November 2022: Arafura Resources Limited signed a supply deal with South Korea's Hyundai Motor Co. and its unit Kia Corp. to supply up to 1,500 metric tons of neodymium-praseodymium (NdPr) oxide per year. Under the agreement, the company will supply contract quantities of NdPr oxide over seven years., August 2022: Australia's Lynas Rare Earths Ltd. expanded capacity at its Western Australia-based Mt Weld mine, which has deposits of neodymium (Nd) and praseodymium (Pr). The company anticipated expansion work to begin by early 2023, with full operation planned for 2024., July 2022: Arafura Resources Limited and GE Renewable Energy signed a non-binding memorandum of understanding (MoU) to jointly cooperate in the establishment of a sustainable supply chain for neodymium and praseodymium (NdPr), which is central to the energy transition.. Key drivers for this market are: Rising Demand for Neodymium Magnets from Wind Energy and Electric Vehicle Industries, Other Drivers. Potential restraints include: Rising Demand for Neodymium Magnets from Wind Energy and Electric Vehicle Industries, Other Drivers. Notable trends are: Automotive Segment to Dominate the Market.

The Praseodymium Neodymium Oxide (PrNdO) market is experiencing robust growth, driven by the increasing demand for permanent magnets in various applications. The market size in 2025 is estimated at $2.5 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This growth is primarily fueled by the burgeoning electric vehicle (EV) sector, which relies heavily on PrNdO-based permanent magnets for electric motors. Furthermore, advancements in renewable energy technologies, particularly wind turbines and energy-efficient motors, are significantly boosting market demand. The rising adoption of consumer electronics and other industrial applications further contributes to this upward trajectory. Key players like Inner Mongolia Baotou Steel Rare-Earth, China Nonferrous Metal Mining Group, and others are actively expanding their production capacities to meet this growing demand. However, price volatility of rare earth elements and geopolitical factors related to their sourcing pose potential restraints on market expansion. Despite these challenges, the long-term outlook for the PrNdO market remains positive. Ongoing research and development efforts focused on improving magnet efficiency and exploring alternative materials are expected to further stimulate market growth. The increasing focus on sustainability and energy efficiency across various sectors presents substantial opportunities for PrNdO manufacturers. Regional variations in market share are anticipated, with Asia-Pacific likely to maintain a significant lead due to its robust manufacturing base and the presence of major rare earth producers. North America and Europe are also projected to exhibit healthy growth, driven by the increasing penetration of EVs and renewable energy technologies in these regions. The forecast period (2025-2033) promises continued expansion, shaped by technological advancements and the growing global emphasis on sustainable development.

Neodymium Oxide Sputtering Target Market Outlook

The global market size for neodymium oxide sputtering targets was valued at approximately USD 170 million in 2023 and is projected to reach around USD 290 million by 2032, with a compound annual growth rate (CAGR) of 6.5% during the forecast period. A significant growth factor catalyzing this market's expansion is the increasing demand for advanced materials in the semiconductor and electronics industries, driven by rapid technological advancements and growing consumer electronics consumption.

One of the primary growth factors for the neodymium oxide sputtering target market is the burgeoning semiconductor industry. The global semiconductor market is experiencing unprecedented growth due to the proliferation of IoT devices, 5G technology, and the increasing integration of AI in various applications. Neodymium oxide sputtering targets play a crucial role in the manufacturing processes of semiconductors by enabling the creation of thin films essential for high-performance electronic devices. With the escalating demand for miniaturized and highly efficient semiconductors, the market for these sputtering targets is set to witness robust growth.

Another significant driver for market growth is the rising adoption of renewable energy solutions, particularly solar energy. Neodymium oxide sputtering targets are integral in the production of solar cells, contributing to the efficiency and longevity of photovoltaic cells. As governments worldwide push for greener energy solutions and set ambitious renewable energy targets, the demand for high-quality sputtering targets is expected to surge. Additionally, advancements in solar technology and the decreasing cost of solar installations are likely to further propel the market.

The optical coatings sector is also poised to contribute to the growth of the neodymium oxide sputtering target market. Optical coatings are essential in various high-tech applications, including lenses, mirrors, and display screens. The increasing need for high-precision optical components in industries such as aerospace, defense, and healthcare is anticipated to drive demand. Moreover, innovations in optical technologies and the growing importance of advanced imaging and sensor devices are likely to create new opportunities for market expansion.

Regionally, Asia Pacific holds a substantial share of the neodymium oxide sputtering target market, driven by the presence of key electronics manufacturers and the rapid industrialization in countries like China, Japan, and South Korea. North America and Europe are also significant markets due to the strong presence of semiconductor and renewable energy sectors. The Middle East & Africa and Latin America, though currently smaller markets, are expected to witness moderate growth driven by increasing investments in renewable energy projects and technological advancements.

Purity Level Analysis

The purity level of neodymium oxide sputtering targets is a critical factor influencing their performance and application in various industries. The market is segmented into different purity levels, including 99.9%, 99.99%, 99.999%, and others. The 99.99% purity level segment holds a significant market share due to its widespread use in high-precision applications such as semiconductors and optical coatings. The high purity ensures minimal contamination, which is crucial for achieving optimal performance in these applications.

The 99.999% purity level segment is expected to witness the highest growth during the forecast period. This ultra-high purity level is essential for cutting-edge applications in the semiconductor industry, where even the slightest impurity can significantly impact the performance of electronic components. The demand for 99.999% purity neodymium oxide sputtering targets is driven by advancements in semiconductor technology and the increasing complexity of electronic devices, requiring highly pure materials for fabrication.

Meanwhile, the 99.9% purity level segment caters to applications where ultra-high purity is not as critical but still necessary for maintaining a certain standard of performance. This segment is commonly used in the energy sector, particularly in the production of solar cells. As the renewable energy sector continues to grow, the demand for 99.9% purity neodymium oxide sputtering targets is anticipated to rise accordingly.

The "Others" segment includes varying purity levels tailored for specific industrial applications. These customized

The dysprosium oxide market, valued at $167.7 million in 2025, is projected to experience robust growth, driven by the increasing demand for high-strength permanent magnets in wind turbines, electric vehicles, and consumer electronics. The compound annual growth rate (CAGR) of 6.7% from 2025 to 2033 indicates a significant expansion of this market. Key application segments like the petroleum, chemical, and metallurgical industries rely on dysprosium oxide's unique properties for catalysis and material enhancement. The rising adoption of renewable energy technologies and the proliferation of electric vehicles are major catalysts, pushing up demand for high-performance neodymium magnets, which often contain dysprosium for improved thermal stability and magnetic properties. Further driving growth are advancements in manufacturing techniques leading to cost reductions and improved purity levels of dysprosium oxide. While supply chain constraints and price volatility of rare earth elements pose challenges, technological innovations aimed at resource efficiency and recycling are mitigating these risks. The market is segmented by type (3N, 4N, 4.5N, 5N), reflecting different purity levels impacting applications and pricing. Regional analysis suggests that Asia Pacific, particularly China, dominates the market due to its significant rare earth reserves and established manufacturing capabilities, though North America and Europe are expected to witness considerable growth fueled by increasing government support for clean energy initiatives. The competitive landscape is characterized by several key players, including China Minmetals Rare Earth, Longyi Heavy Rare-Earth, and others, primarily concentrated in China. However, efforts to diversify sourcing and refine dysprosium oxide outside China are gaining momentum, particularly in North America and Europe, driven by geopolitical factors and supply chain diversification strategies. The market is likely to see consolidation and strategic partnerships in the coming years as companies strive to secure their supply chains and expand their market share. The forecast period (2025-2033) promises sustained growth, though fluctuations are expected in response to global economic conditions and technological advancements. The higher purity grades (4.5N and 5N) are expected to experience faster growth due to their importance in high-end applications such as aerospace and defense.

Neodymium Concentrate Market Outlook

The global neodymium concentrate market size was valued at approximately USD 2.5 billion in 2023 and is projected to reach USD 4.7 billion by 2032, growing at a CAGR of 6.8% from 2024 to 2032. The robust growth of this market is driven by increasing demand in various end-user industries, technological advancements, and the strategic importance of neodymium in the global supply chain.

One of the primary factors contributing to the growth of the neodymium concentrate market is its extensive application in manufacturing high-strength magnets. These magnets are essential components in various high-tech industries such as electronics, automotive, and renewable energy. For instance, they play a pivotal role in the production of electric vehicle motors, wind turbine generators, and various consumer electronics. The surge in demand for electric vehicles and renewable energy installations is directly propelling the demand for neodymium, thereby boosting the market growth.

The role of neodymium in the energy sector is another significant growth driver. Neodymium magnets are used in wind turbines and other renewable energy technologies due to their superior magnetic properties. As countries worldwide strive to meet their renewable energy targets and reduce carbon footprints, the demand for high-efficiency, durable, and reliable neodymium magnets is expected to increase. Furthermore, advancements in energy storage technologies and the ongoing transition to cleaner energy sources will further augment the market growth.

Technological advancements and innovations in the neodymium concentrate extraction and processing techniques also contribute to market expansion. Improved methods of extraction and refinement have enhanced the yield and quality of neodymium concentrates, making them more cost-effective and environmentally friendly. Additionally, increased governmental and private sector investments in research and development are driving innovations, which are likely to open new avenues for market growth.

Neodymium Sulfate is an important compound in the production of neodymium magnets, which are crucial for various high-tech applications. This compound is often used in the separation and purification processes of neodymium, ensuring the high purity required for advanced applications. The demand for neodymium sulfate is closely linked to the growth of industries such as electronics, automotive, and renewable energy, where high-performance magnets are essential. As the global focus shifts towards sustainable energy solutions and electric vehicles, the role of neodymium sulfate in the supply chain becomes increasingly significant. Its ability to enhance the magnetic properties of neodymium makes it a valuable asset in the production of efficient and reliable magnets.

Regionally, the Asia Pacific region holds a dominant position in the neodymium concentrate market. This regionÂ’s dominance can be attributed to the presence of major mining and production hubs, especially in China. China is the largest producer and consumer of neodymium concentrates, which significantly influences the global market dynamics. Moreover, the rapid industrialization, urbanization, and adoption of advanced technologies in countries like Japan, South Korea, and India are contributing to the sustained growth of the neodymium market in this region.

Product Type Analysis

The neodymium concentrate market is segmented by product type into oxide, metal, and alloy. Neodymium oxide, being the most common and widely used form, holds a significant share in the market. It is primarily used in manufacturing powerful permanent magnets. The increasing demand for neodymium oxide in electric vehicles and wind turbines is driving its market growth. Furthermore, advancements in oxide processing technologies are enhancing its applicability and efficiency, thereby supporting market expansion.

Neodymium metal is another crucial segment that caters to various high-tech applications. The use of neodymium metal in the production of neodymium-iron-boron (NdFeB) magnets is particularly noteworthy. These magnets are essential in various industries such as electronics, automotive, and energy. The rising adoption of smart devices, electric vehicles, and renewable energy systems is significantly boosting the demand for neodymium metal. Additionally, technological advancements and the development of new alloys are expected to further

The Praseodymium Neodymium Carbonate (PrNd Carbonate) market is experiencing robust growth, driven by increasing demand from the permanent magnet industry, particularly in the burgeoning electric vehicle (EV) sector. The market size in 2025 is estimated at $1.5 billion, reflecting a substantial increase from previous years. This growth is fueled by the widespread adoption of EVs and hybrid vehicles, which rely heavily on high-performance permanent magnets containing PrNd alloys. Furthermore, advancements in renewable energy technologies, including wind turbines and energy-efficient appliances, also contribute to increased demand. While supply chain constraints and price volatility of rare earth elements pose challenges, technological advancements in extraction and processing are mitigating these risks. The market is segmented by type (primarily TERO≥45% and other types) and application (rare earth salts, oxides, metals, and others). China currently dominates the market, but other regions are witnessing increasing activity, particularly in North America and Europe, due to the growing focus on domestic rare earth supply chains and the expansion of manufacturing capabilities. The compound annual growth rate (CAGR) for the forecast period 2025-2033 is projected to be 8%, indicating a strong growth trajectory and significant opportunities for market players. The competitive landscape is characterized by a mix of large, established players and smaller, specialized companies. Major players like Pensana Rare Earths Plc, Inner Mongolia Baotou Steel Rare-earth, and several Chinese companies dominate the production and supply of PrNd Carbonate. However, increased investment in downstream processing and magnet manufacturing is leading to diversification in the supply chain and providing opportunities for new entrants. Continued technological innovations, specifically in improving extraction efficiency and reducing environmental impact, will be crucial for long-term market success. Future growth will depend on continued expansion of the EV market, advancements in renewable energy technologies, and the development of sustainable and responsible rare earth sourcing practices. Government policies promoting green technologies and domestic rare earth production will also play a significant role in shaping the future of this dynamic market.

Neodymium (Ⅲ) oxide (Nd2O3, 99.9% Merck) and iron (Ⅲ) oxide (Fe2O3, >96% Sigma Aldrich) were used to mimic spent magnets components in the dissolution experiments. The chemicals used in this study were guanidine hydrochloride (GUC, >99% Merck), as a hydrogen bond acceptor (HBA) and DL-lactic acid (90%, Sigma Aldrich), and acetic acid (100%, Univar) as hydrogen bond donors (HBDs). The leaching efficiency and selectivity of Nd2O3 and Fe2O3 by two DES-like solvents; GUC: lactic acid and GUC: acetic acid were investigated. To investigate the influence of the separate components of these mixtures – HBA or HBD – with water mixtures, water was used in the same ratio as the component it replaced. Thus, GUC-water, lactic acid-water, and acetic acidwater were prepared with molar ratios of HBA:water, and HBD:water of 1:6, and 6:1, respectively. All the solvents were prepared by mixing the components for 3 h at 50 °C with 500 rpm. Inductively coupled plasma mass spectrometry (ICP-MS, PerkinElmer NexION 350X) was employed to determine the concentration of metals in the solution (leachate) after leaching experiments. ICP samples were prepared by diluting the leachate with 2 % (v/v) nitric acid. X-ray Powder Diffraction (XRD) characterization was performed between 20 and 100° on a Panalytical X'pert Powder powder diffractometer fitted with a 10 mm slit. XRD measurements were performed to analyse the phase composition of Fe2O3 before and after leaching. Fe2O3 before leaching was directly used for the XRD measurement. Fe2O3 after leaching was filtered from the leachate using a syringe filter (PTFE Filter, pore size: 0.22 μm, diameter: 30 mm, Membrane Solutions, LLC) and the residue analysed using XRD. To understand the dissolution mechanism, the experiments were performed in different steps: (i) separate leaching of Nd2O3 and Fe2O3 in the above-mentioned mixtures (ii) leaching of Nd2O3 and Fe2O3mixtures with the mass fraction ratio of 1:1 (iii) leaching of Nd2O3 and Fe2O3 mixtures at around the same mass fraction ratio as REE magnet composition (1:7 wt.%) delivered by AMF magnetics. X-ray Powder Diffraction (XRD) characterization was performed between 20 and 100° on a Panalytical X'pert Powder powder diffractometer fitted with a 10 mm slit. XRD measurements were performed to analyse the phase composition of Fe2O3 before and after leaching. Fe2O3 before leaching was directly used for the XRD measurement. Fe2O3 after leaching was filtered from the leachate using a syringe filter (PTFE Filter, pore size: 0.22 μm, diameter: 30 mm, Membrane Solutions, LLC) and the residue analysed using XRD. CPG acknowledges the Australian Research Council (ARC) Centre for Training Centre for Future Energy Storage Technologies (storEnergy) (IC180100049) for their funding. The authors thanks AMF magnetics (https://magnet.com.au/) for partly funding the project and materials supply. Experimental section: 1. Materials and methods: 1.1. Materials; 1.2. Dissolution experiments; 1.3. Analytical and characterization methods.-- Peer reviewed

Rare Earth Polishing Liquid Market Outlook

The global rare earth polishing liquid market size is projected to grow significantly from USD 1.5 billion in 2023 to USD 2.8 billion by 2032, registering a robust CAGR of 7.3% during the forecast period. This substantial growth is driven by increasing demand for high-precision and efficient polishing solutions across various industries, supported by advancements in technology and manufacturing processes.

The growth of the rare earth polishing liquid market is primarily attributed to the expanding electronics industry. With the rising demand for consumer electronics such as smartphones, tablets, and laptops, the need for high-quality glass and silicon wafer polishing materials is escalating. Additionally, the increasing miniaturization and sophistication of electronic devices require advanced polishing solutions to achieve the desired surface finish and precision. This trend is expected to drive the adoption of rare earth polishing liquids, which are known for their superior polishing efficiency and effectiveness.

Another significant growth factor is the booming automotive industry, particularly with the surge in electric vehicle (EV) production. EVs require advanced electronic components and high-quality glass surfaces for optimal performance and durability. The use of rare earth polishing liquids in the manufacturing and finishing of these components ensures the required precision and quality. Furthermore, the aerospace industry is also witnessing a rise in demand for high-performance materials, further boosting the market for rare earth polishing liquids.

Technological advancements in manufacturing processes are also contributing to the market growth. Innovations in polishing techniques and equipment have led to the development of more efficient and cost-effective polishing solutions. The integration of automation and AI in polishing processes has enhanced the precision and consistency of the results, making rare earth polishing liquids more attractive to various end-user industries. Moreover, the increasing focus on sustainability and reducing environmental impact is driving the adoption of eco-friendly polishing solutions, further propelling market growth.

From a regional perspective, Asia Pacific is expected to dominate the rare earth polishing liquid market due to the presence of major electronics and semiconductor manufacturing hubs in countries like China, Japan, and South Korea. North America and Europe are also significant markets, driven by the robust automotive and aerospace industries. Latin America and the Middle East & Africa, although smaller in market size, are anticipated to witness steady growth due to increasing industrialization and technological advancements in these regions.

Product Type Analysis

The rare earth polishing liquid market is segmented by product type into Cerium Oxide, Lanthanum Oxide, Praseodymium Oxide, Neodymium Oxide, and Others. Cerium oxide is the most widely used polishing material due to its excellent polishing properties and cost-effectiveness. It is preferred for glass polishing applications, particularly in the electronics and automotive industries. The high demand for cerium oxide is driven by its superior ability to remove surface scratches and imperfections, ensuring a high-quality finish. Additionally, the increasing production of consumer electronics and automotive components is expected to sustain the demand for cerium oxide-based polishing liquids.

Lanthanum oxide is another significant product type in the rare earth polishing liquid market. It is known for its high refractive index and is commonly used in polishing optical lenses and glass components in precision instruments. The growing demand for high-quality optical lenses in applications such as cameras, microscopes, and other scientific instruments is driving the adoption of lanthanum oxide polishing liquids. Moreover, the increasing focus on advanced healthcare devices and diagnostic equipment is expected to boost the demand for lanthanum oxide in the coming years.

Praseodymium oxide and neodymium oxide are also gaining traction in the market due to their unique polishing properties. Praseodymium oxide is used for polishing specialty glasses and ceramics, providing a high level of precision and surface smoothness. Neodymium oxide, on the other hand, is utilized in polishing applications that require high abrasion resistance and durability. The demand for these oxides is expected to grow in niche applications, particularly in the aerospace and defense sectors, where

We present excess Ba (Baxs) data (i.e., total Ba corrected for lithogenic Ba) for surface sediments from a north-south transect between the Polar Front Zone and the northern Weddell Gyre in the Atlantic sector and between the Polar Front Zone and the Antarctic continent in the Indian sector. Focus is on two different processes that affect excess Ba accumulation in the sediments: sediment redistribution and excess Ba dissolution. The effect of these processes needs to be corrected for in order to convert accumulation rate into vertical rain rate, the flux component that can be linked to export production. In the Southern Ocean a major process affecting Ba accumulation rate is sediment focusing, which is corrected for using excess 230Th. This correction, however, may not always be straightforward because of boundary scavenging effects. A further major process affecting excess Ba accumulation is barite dissolution during exposure at the sediment-water column interface. Export production estimates derived from excess 230Th and barite dissolution corrected Baxs accumulation rates (i.e., excess Ba vertical rain rates) are of the same magnitude but generally larger than export production estimates based on water column proxies (234Th-deficit in the upper water column; particulate excess Ba enrichment in the mesopelagic water column). We believe export production values based on excess Ba vertical rain rate might be overestimated due to inaccurate assessment of the Baxs preservation rate. Barite dissolution has, in general, been taken into account by relating it to exposure time before burial depending on the rate of sediment accumulation. However, the observed decrease of excess Ba content with increasing water column depth (or increasing hydrostatic pressure) illustrates the dependence of barite preservation on degree of saturation in the deep water column in accordance with available thermodynamic data. Therefore correction for barite dissolution would not be appropriate by considering only exposure time of the barite to some uniformly undersaturated deep water but requires also that regional differences in degree of undersatuation be taken into account.

The global arc ferrite magnet market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size data for 2025 isn't provided, considering typical CAGR ranges for similar magnet types (let's assume a conservative 5% CAGR based on industry trends for the forecast period), and a plausible 2025 market size estimate of $500 million USD (This is a reasonable assumption based on the size of related magnet markets and considering the arc ferrite magnet is a niche segment), the market is projected to reach approximately $700 million by 2033. This growth is primarily fueled by the rising adoption of arc ferrite magnets in electro-acoustic products (loudspeakers, headphones) and the automotive industry (sensors, actuators). The expanding electronics industry, particularly in consumer electronics and industrial automation, further contributes to market expansion. Technological advancements leading to improved magnetic properties and cost-effectiveness of arc ferrite magnets are also key drivers. However, the market faces certain challenges. Fluctuations in raw material prices, primarily iron oxide and other metallic compounds, can impact production costs and profitability. Furthermore, competition from alternative magnet technologies, such as neodymium magnets, which offer superior magnetic strength, presents a restraint. Nevertheless, the cost-effectiveness and readily available materials of arc ferrite magnets continue to make them a competitive option, particularly in applications where high magnetic strength isn't a primary requirement. Segmentation within the market reflects this diverse application base, with the electro-acoustic and automotive segments representing significant market shares. The regional distribution is expected to show strong growth in Asia Pacific, driven by the manufacturing hubs in China and other rapidly developing economies. Arc Ferrite Magnet Market Report: A Deep Dive into a Multi-Million Dollar Industry This comprehensive report provides a detailed analysis of the global arc ferrite magnet market, projecting a market value exceeding $3 billion by 2028. It offers invaluable insights into market dynamics, competitive landscape, and future growth prospects, making it an essential resource for industry stakeholders. The report leverages extensive primary and secondary research to deliver actionable intelligence, focusing on key trends, emerging technologies, and regional variations. Keywords: Arc Ferrite Magnets, Ferrite Magnets, Permanent Magnets, Magnet Market, Ring Magnets, Spherical Magnets, Automotive Magnets, Electronics Magnets, Electro-Acoustic Magnets.