The price of the rare earth oxide praseodymium oxide is expected to reach some ****** U.S. dollars per metric ton in 2030. In 2011, the price of praseodymium oxide reached a record high, at some ******* U.S. dollars per metric ton.

In the fourth quarter of 2023, the price of praseodymium oxide in China reached 67730 USD/MT by December. It encompasses an in-depth review of spot price of praseodymium oxide at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of praseodymium oxide price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

Get the latest insights on price movement and trend analysis of Praseodymium Oxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The price of praseodymium in China for second half of 2023 reached 55657 USD/MT (praseodymium oxide).

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

Check out Market Research Intellect's Praseodymium Oxide Market Report, valued at USD 450 million in 2024, with a projected growth to USD 700 million by 2033 at a CAGR of 6.0% (2026-2033).

Global Praseodymium Neodymium Oxide market size 2021 was recorded $1460.11 Million whereas by the end of 2025 it will reach $1983.23 Million. According to the author, by 2033 Praseodymium Neodymium Oxide market size will become $3658.87. Praseodymium Neodymium Oxide market will be growing at a CAGR of 7.956% during 2025 to 2033.

The Praseodymium Oxide market is experiencing robust growth, driven by increasing demand from various sectors. While precise figures for market size and CAGR are not provided, a reasonable estimation can be made based on industry trends and the typical growth rates observed in the rare earth element market. Considering the strategic importance of praseodymium oxide in advanced technologies and its relatively limited supply, a conservative estimate places the 2025 market size at approximately $500 million. Assuming a CAGR of 7% (a figure reflective of the growth seen in similar rare earth materials), the market is projected to reach approximately $800 million by 2033. This growth is primarily fueled by the expanding adoption of praseodymium oxide in high-strength magnets for electric vehicles (EVs), wind turbines, and other green technologies. Furthermore, its use in advanced ceramics, lighting, and catalysts contributes to market expansion. However, several factors could restrain market growth. Price volatility in rare earth elements, geopolitical concerns related to supply chain stability, and the development of alternative materials pose potential challenges. The market is segmented based on application (magnets, ceramics, lighting, etc.) and geography, with key players such as Metall Rare Earth Limited, Smart Metal Limited, and others competing for market share. The competitive landscape is dynamic, with companies focusing on innovation and strategic partnerships to secure raw materials and enhance their market positioning. The forecast period of 2025-2033 shows significant potential for expansion, especially with increasing government support for renewable energy initiatives globally. This continuous investment and innovation in green technology will likely drive significant demand for praseodymium oxide in the coming years.

Praseodymium Oxide Market Outlook

The global praseodymium oxide market size was valued at approximately USD 200 million in 2023 and is expected to reach USD 320 million by 2032, growing at a CAGR of 5.3% during the forecast period. This substantial growth is driven by increasing demand from various high-tech industries, advancements in material sciences, and rising applications in energy-efficient technologies. The market is gaining momentum due to the essential role praseodymium oxide plays in several cutting-edge applications, including the production of high-strength alloys, ceramics, and magnets used in modern electronics and automotive industries.

The growing demand for praseodymium oxide in the electronics industry is one of the key growth factors driving the market. The material's unique properties, such as high magnetic strength and excellent thermal stability, make it indispensable in the manufacturing of permanent magnets, which are used in various electronic devices such as smartphones, electric vehicles, and wind turbines. As the adoption of electric vehicles (EVs) and renewable energy sources continues to rise, so does the demand for praseodymium oxide, which is a critical component in these applications. Moreover, the increasing focus on reducing carbon emissions globally further propels the demand for energy-efficient technologies, indirectly boosting the praseodymium oxide market.

Another significant factor contributing to market growth is the expanding use of praseodymium oxide in the glass and ceramics industry. Praseodymium oxide is widely used as a coloring agent in the production of glass and ceramics, imparting a yellow color to the products. The rising demand for aesthetically appealing and durable glass and ceramic products in construction, automotive, and consumer goods sectors is driving the market. Additionally, advancements in material sciences and manufacturing processes are leading to the development of new applications and improved products, thereby expanding the market potential for praseodymium oxide.

The catalyst industry is also a major contributor to the growth of the praseodymium oxide market. Praseodymium oxide is used as a catalyst in various chemical reactions, including the production of petrochemicals and the reduction of automotive emissions. The increasing need for efficient and environment-friendly catalytic processes is driving the demand for praseodymium oxide. Furthermore, ongoing research and development activities aimed at enhancing the catalytic properties of praseodymium oxide are expected to open new avenues for market growth in the coming years.

Praseodymium Nitride is gaining attention in the materials science community due to its potential applications in advanced electronics and magnetic materials. This compound is being explored for its unique electronic properties, which could lead to breakthroughs in semiconductor technology and magnetic storage devices. As industries continue to push the boundaries of technology, the demand for materials like praseodymium nitride is expected to rise. Its potential to enhance the performance of electronic components makes it a promising candidate for future innovations. The ongoing research into praseodymium nitride highlights its importance in the quest for more efficient and powerful electronic devices.

Regionally, Asia Pacific is expected to dominate the praseodymium oxide market during the forecast period, driven by rapid industrialization, urbanization, and economic growth in countries like China, India, and Japan. The region's strong manufacturing base, particularly in electronics, automotive, and construction industries, is a major driver of demand for praseodymium oxide. Additionally, favorable government policies and significant investments in infrastructure development further support market growth in the region. North America and Europe are also expected to witness substantial growth, driven by advancements in technology and increasing investments in research and development activities.

Product Type Analysis

The praseodymium oxide market can be segmented by product type into powder, granules, and others. Each of these product types has distinct properties and applications, contributing to their demand in various industries. Powdered praseodymium oxide is widely used in the production of high-performance ceramics, glass, and catalysts. Its fine particle size and high surface area make it suitable for use in these applications,

Praseodymium Oxide Market Outlook

According to our latest research, the global Praseodymium Oxide market size reached USD 562 million in 2024, driven by robust demand across diverse industrial sectors. The market is experiencing a healthy compound annual growth rate (CAGR) of 5.7% from 2025 to 2033, with a forecasted value of USD 921 million by 2033. This growth is primarily fueled by the expanding use of praseodymium oxide in high-performance magnets, advanced ceramics, and catalytic converters, as well as its increasing penetration in the automotive and electronics industries. As per our latest research findings, the market’s expansion is underpinned by technological advancements and the rising adoption of electric vehicles globally.

One of the primary growth factors for the praseodymium oxide market is the surging demand for permanent magnets, particularly neodymium-iron-boron (NdFeB) magnets, which require praseodymium as a critical component. These magnets are essential in a wide variety of applications, including electric vehicle motors, wind turbines, and advanced electronic devices. The rapid shift towards renewable energy sources and the electrification of transportation systems have significantly increased the consumption of praseodymium oxide, as manufacturers seek high-efficiency, lightweight, and durable magnetic materials. Additionally, technological breakthroughs in magnet fabrication and miniaturization have further propelled the usage of praseodymium oxide, making it a linchpin in the global clean energy and mobility revolution.

Another key driver is the growing utilization of praseodymium oxide in the glass and ceramics sector. Praseodymium oxide is widely used as a colorant to impart yellow and green hues to glass and ceramic products, as well as to enhance the optical properties of specialty glasses used in fiber optics and lasers. The construction boom in emerging economies, coupled with rising consumer demand for decorative and functional glassware, has bolstered the market for praseodymium oxide-based pigments and additives. Furthermore, the trend towards high-performance ceramics in electronics, medical devices, and aerospace has amplified the need for praseodymium-based materials, given their superior thermal and mechanical properties.

The praseodymium oxide market is also benefiting from its growing role in catalysis and metallurgy. Praseodymium oxide acts as a catalyst in various chemical reactions, including automotive catalytic converters and petroleum refining. Its unique redox properties enable efficient conversion of pollutants and enhance fuel processing efficiency. In metallurgy, praseodymium oxide is employed in alloying processes to improve the strength, corrosion resistance, and machinability of metals, especially in aerospace and high-tech manufacturing. These applications are gaining traction as industries increasingly prioritize sustainability, efficiency, and material performance, further stimulating market growth.

Regionally, Asia Pacific continues to dominate the praseodymium oxide market, accounting for the largest share in 2024, followed by North America and Europe. The region’s leadership is attributed to its strong manufacturing base, rapid industrialization, and the presence of leading rare earth producers such as China and Australia. North America and Europe are witnessing steady growth due to advancements in automotive electrification, renewable energy projects, and high-tech manufacturing. Meanwhile, Latin America and the Middle East & Africa are expected to register moderate growth, driven by infrastructure development and increasing investments in energy and mining sectors. The regional dynamics are shaped by resource availability, government policies, and the pace of industrial innovation.

Product Type Analysis

The praseodymium oxide market is segmented by product type into Praseodymium(III,IV) Oxide, Praseodymium(III) Oxide, and others. Praseodymium(III,IV) oxi

Neodymium traded flat at 647,500 CNY/T on August 1, 2025. Over the past month, Neodymium's price has risen 17.19%, and is up 38.50% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Neodymium Rare Earth - values, historical data, forecasts and news - updated on August of 2025.

Global Praseodymium Oxide market size 2025 was XX Million. Praseodymium Oxide Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Praseodymium Oxide (CAS 12037-29-5) Market Outlook

The global market size for Praseodymium Oxide (CAS 12037-29-5) is projected to reach USD 125 million by 2032, up from USD 70 million in 2023, reflecting a Compound Annual Growth Rate (CAGR) of 6.5% over the forecast period. This promising growth is primarily driven by the increasing demand in various industrial applications such as glass and ceramics, catalysts, and magnets, where Praseodymium Oxide is a critical component. A key factor spurring this growth is the rising adoption of green technologies that utilize rare earth elements in their production processes, bolstered by advancements in materials science enhancing the efficiency and effectiveness of Praseodymium Oxide.

One of the most significant growth drivers of the Praseodymium Oxide market is its application in the automotive and electronics industries. The transition towards electric vehicles (EVs) has been noticeably prolific, as these vehicles rely heavily on high-performance magnets made from rare earth elements including Praseodymium Oxide. This transition is further supported by stringent environmental regulations aimed at reducing carbon footprints, which is prompting the automotive industry to innovate continuously. Moreover, the electronics industry, with its insatiable demand for miniaturization and efficiency, is fostering the use of Praseodymium Oxide in the development of high-performance electronic components such as capacitors and semiconductors. The dual demand from these dynamic sectors is anticipated to sustain long-term market growth.

Additionally, the application of Praseodymium Oxide in the glass and ceramics industry is another substantial growth factor. The compound is used to impart color and improve the durability of various glass and ceramic products. The luxury and architectural sectors are continually seeking enhanced aesthetic and functional materials, which fosters greater utilization of Praseodymium Oxide. Furthermore, advancements in catalysis are opening new avenues for the application of Praseodymium Oxide. Its utilization as a catalyst and chemical additive in industrial processes aids in energy conservation and improved process efficiencies, both of which are critical as industries strive towards sustainability and cost-effectiveness.

Regionally, Asia Pacific is expected to dominate the Praseodymium Oxide market, driven by robust industrial growth and technological advancements, particularly in China, South Korea, and Japan. The region's burgeoning automotive and electronics sectors significantly contribute to the demand for Praseodymium Oxide. The North American market is also poised for substantial growth due to increased focus on alternative energy solutions and advancements in nanotechnology and smart materials. Europe continues to invest in energy-efficient solutions and green technologies, underpinning demand across automotive and materials industries. Other regions, including Latin America and the Middle East & Africa, are gradually increasing their consumption of Praseodymium Oxide as they develop their manufacturing and industrial bases, albeit at a slower pace.

Praseodymium (Pr) Evaporation Materials are gaining traction as a crucial component in thin-film deposition processes, which are pivotal in the manufacturing of semiconductors and optical coatings. These materials are utilized in vacuum evaporation techniques to create uniform and high-quality thin films, essential for advanced electronic devices and high-performance optics. The unique properties of Praseodymium, such as its ability to form stable compounds and its excellent thermal conductivity, make it an ideal choice for these applications. As industries continue to push the boundaries of miniaturization and efficiency, the demand for Praseodymium Evaporation Materials is expected to rise, supporting innovations in technology and materials science.

Grade Analysis

The Praseodymium Oxide market is segmented by grade into high purity and technical grade, each serving distinct applications and industries. High purity Praseodymium Oxide is primarily used in high-precision applications where quality and consistency are paramount, such as in electronic components and specialized glass production. The stringent quality requirements in these segments necessitate a consistent supply of high purity materials, driving the demand and consequently the growth of this segment. Moreover, the advancements in electronics and the push for more efficient and po

The NdPr Oxide market, valued at $11,190 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 10.6% from 2025 to 2033. This expansion is primarily driven by the burgeoning demand from the clean energy sector, particularly in wind turbines and electric vehicles, which rely heavily on NdPr magnets for their efficient operation. The increasing adoption of electronics and advancements in aerospace and automotive technologies further contribute to the market's growth trajectory. High-purity NdPr oxide commands a significant share of the market due to its superior performance in advanced applications, while the ordinary-purity segment caters to more price-sensitive applications. Geographical distribution shows a concentration in Asia-Pacific, particularly China, which is a major producer and consumer of rare earth elements. However, growing environmental regulations and concerns about the geopolitical stability of rare earth supply chains are presenting challenges, pushing for diversification of sourcing and exploration of alternative materials. The competitive landscape is characterized by a mix of established players and emerging companies, each vying for market share through strategic partnerships, technological advancements, and vertical integration. The forecast period anticipates continued growth, driven by ongoing technological advancements and the global transition to cleaner energy sources. This will likely lead to increased investment in mining and processing capabilities, expanding the overall market capacity. The competitive landscape is fiercely contested, with major players such as China Rare Earth Group, China Northern Rare Earth Group, and Lynas Corporation holding significant market share. However, the entry of new players, including Arafura Resources and Medallion Resources, is introducing innovative technologies and sustainable practices into the sector. The strategic acquisitions and joint ventures observed in recent years indicate a consolidation trend, which will further shape the market dynamics in the upcoming years. Further growth hinges on continued technological innovation, efficient supply chain management, and sustained demand from key industries. Addressing concerns about supply chain security and promoting sustainable mining practices are crucial for long-term market stability and growth. The market’s future will be defined by a delicate balance between meeting the growing demand for NdPr oxide and addressing sustainability and ethical sourcing considerations.

Uncover Market Research Intellect's latest Praseodymium Oxide Powder Market Report, valued at USD 5.2 billion in 2024, expected to rise to USD 8.7 billion by 2033 at a CAGR of 6.5% from 2026 to 2033.

The NdPr Oxide market, valued at $4.915 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 10.9% from 2025 to 2033. This expansion is primarily driven by the burgeoning demand from the electric vehicle (EV) sector, particularly for permanent magnet motors crucial for EV performance. The increasing adoption of renewable energy technologies, such as wind turbines and solar panels, also significantly contributes to market growth, as NdPr oxides are essential components in these systems. Furthermore, advancements in manufacturing techniques and the rising global focus on energy efficiency further fuel market expansion. Key players like China Rare Earth Group, Lynas, and MP Materials are strategically positioning themselves to capitalize on this growth, investing in expansion and R&D to meet the increasing demand. However, the market faces certain challenges. Price volatility of rare earth elements, geopolitical uncertainties impacting supply chains, and environmental concerns associated with rare earth mining and processing pose potential restraints. Despite these hurdles, the long-term outlook for NdPr oxide remains positive, fueled by continuous technological advancements and government initiatives promoting the adoption of cleaner energy solutions. The market segmentation will likely see growth across various applications, with the EV sector expected to dominate, followed by wind energy and other industrial applications. Competitive dynamics will continue to shape the market, with companies focusing on innovation, vertical integration, and strategic partnerships to maintain a competitive edge.

Global Praseodymium Oxide - CAS 12037-29-5 market size 2025 was XX Million. Praseodymium Oxide - CAS 12037-29-5 Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Explore Market Research Intellect's Praseodymium Oxide Cas 12037 29 5 Market Report, valued at USD 150 million in 2024, with a projected market growth to USD 250 million by 2033, and a CAGR of 6.5% from 2026 to 2033.

Dive into Market Research Intellect's report_name, valued at current_value in 2024, and forecast to reach forecast_value by 2033, growing at a CAGR of cagr_value from 2026 to 2033.