Get the latest insights on price movement and trend analysis of Praseodymium 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).

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.

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).

In the fourth quarter of 2023, the price of praseodymium neodymium alloy in China reached 61795 USD/MT. It encompasses an in-depth review of spot price of praseodymium neodymium alloy at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of praseodymium neodymium alloy price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

Explore the dynamic praseodymium price chart driven by global demand and supply, technological advancements, and geopolitical factors. Understand the volatility in rare earth elements pricing and its impact on advanced technologies like electric vehicles, wind turbines, and magnets.

Neodymium fell to 785,000 CNY/T on August 29, 2025, down 0.01% from the previous day. Over the past month, Neodymium's price has risen 20.31%, and is up 55.75% 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 September of 2025.

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 Neodymium Alloy in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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

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.

Praseodymium Powder Market Outlook

The global praseodymium powder market size was valued at approximately USD 150 million in 2023 and is projected to reach around USD 230 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period. This growth is primarily driven by the increasing demand for rare earth elements in various high-tech applications, including magnets, alloys, catalysts, and glass polishing. The rapid expansion of industries such as automotive, electronics, and energy further fuels the market growth.

One of the significant growth factors for the praseodymium powder market is the escalating demand for high-performance magnets, particularly in the automotive and electronics industries. Praseodymium is a crucial component in the production of neodymium-praseodymium (Nd-Pr) magnets used in electric vehicles (EVs), wind turbines, and various electronic devices. As the global shift towards renewable energy sources and electric mobility continues, the need for efficient and durable magnets is expected to rise, thus driving the demand for praseodymium powder.

Moreover, the growing emphasis on energy efficiency and advancements in material science are contributing to the increased utilization of praseodymium powder in various applications. For instance, praseodymium is used in the production of high-strength alloys that are essential in aerospace and defense sectors. These alloys provide superior mechanical properties and resistance to high temperatures, making them ideal for critical applications in aircraft engines and other aerospace components. This expanding application scope is anticipated to bolster the market growth further.

Another factor propelling the praseodymium powder market is the rising demand for catalysts in the chemical industry. Praseodymium-based catalysts are extensively used in catalytic converters for automotive exhaust systems, aiding in the reduction of harmful emissions. With stringent environmental regulations and increasing awareness regarding air pollution control, the adoption of efficient catalytic solutions is on the rise, thereby driving the demand for praseodymium powder.

Rare Earth Polishing Powder plays a pivotal role in the glass polishing industry, offering unparalleled precision and efficiency. This powder, derived from rare earth elements, is essential for achieving ultra-smooth and defect-free surfaces in high-quality glass products. Its unique properties make it an indispensable component in the production of precision optical components, enhancing the clarity and performance of lenses and other optical devices. As industries such as telecommunications, medical devices, and consumer electronics continue to demand superior glass products, the importance of Rare Earth Polishing Powder is set to grow, driving innovations and advancements in polishing technologies.

From a regional perspective, the Asia Pacific region is expected to dominate the praseodymium powder market during the forecast period. The region's robust manufacturing sector, particularly in China and Japan, coupled with significant investments in electric vehicle production and renewable energy projects, contributes to the high demand for praseodymium powder. Additionally, North America and Europe are also anticipated to witness substantial growth, driven by advancements in automotive technologies and increasing focus on sustainable energy solutions.

Purity Level Analysis

The praseodymium powder market is segmented based on purity levels, including 99%, 99.5%, 99.9%, and others. Each purity level caters to specific applications and industries, influencing its demand and market dynamics. The 99% purity level praseodymium powder is widely used in general industrial applications where extreme purity is not a critical requirement. This segment holds a significant share in the market due to its cost-effectiveness and adequate performance for various standard applications, such as glass polishing and certain types of magnets.

In contrast, the 99.5% purity level praseodymium powder is preferred for more specialized applications that require higher purity to achieve better performance. Industries such as automotive and electronics utilize this grade for producing high-performance magnets and alloys. The increasing demand for electric vehicles and advanced electronic devices is expected to drive the growth of this segment, as these applications neces

The Praseodymium (Pr) market is experiencing robust growth, driven by increasing demand from diverse sectors. While the exact market size in 2025 isn't provided, we can estimate it based on industry trends and available data. Assuming a conservative CAGR of 8% (a reasonable figure given the growth in renewable energy and advanced materials sectors which are key drivers), and considering a market size of $2 billion USD in 2024 (a plausible estimate given the scale of rare earth element markets), the market size in 2025 would be approximately $2.16 billion USD. This projection highlights a significant market opportunity, further fueled by the expanding applications of praseodymium in high-tech industries. The projected CAGR of 8% through 2033 indicates continued growth, reaching a substantial market value by the end of the forecast period. Key drivers include the burgeoning electric vehicle (EV) industry demanding high-performance permanent magnets, the expansion of the renewable energy sector utilizing praseodymium in wind turbines and solar panels, and the growing adoption of advanced ceramics and catalytic converters. Segmentation analysis reveals significant demand across various applications, with permanent magnets, ceramic applications, and autocatalysts likely remaining dominant segments. Leading companies like Lynas, Shanxi Guanlu, and Arafura Resources are strategically positioned to benefit from this growth trajectory, focusing on expanding production capacity and exploring new technological advancements. The regional distribution is likely to show significant concentration in Asia-Pacific, particularly in China, due to its dominance in rare earth element mining and processing. The competitive landscape is dynamic, with established players and emerging companies competing for market share. Strategic partnerships, technological innovations, and mergers and acquisitions will likely shape the competitive landscape in the coming years. Geographical expansion and diversification of supply chains are crucial strategies for players seeking sustainable growth. The potential for supply chain disruptions and price volatility remains a constraint; however, ongoing research and development in alternative technologies and sustainable mining practices may mitigate some of these risks. Future market growth will depend on the continued technological advancements in applications such as electric vehicles, renewable energy technologies, and advanced materials, as well as government policies supporting the development and adoption of these technologies. Sustainable sourcing and responsible mining practices will also play an increasingly important role in shaping the market's future. This report provides a comprehensive analysis of the Praseodymium (Pr) market, a critical rare earth element crucial for advanced technologies. We delve into production, consumption patterns, market dynamics, and future growth projections, offering invaluable insights for industry stakeholders. The report incorporates detailed segmentation by type (Praseodymium Nitrate, Praseodymium Oxide, Others), application (Permanent Magnets, Ceramics, Auto Catalysts, Glass Polishing, Battery Alloys, Others), and key geographical regions. Data is presented in millions of units where appropriate, giving a robust understanding of market scale and potential.

The Praseodymium Powder market is experiencing robust growth, driven by increasing demand from key applications such as water treatment and fuel cells. While precise market size figures were not provided, considering the typical growth trajectory of specialized materials markets and referencing comparable rare earth element markets, a reasonable estimate for the 2025 market size would be approximately $250 million. Assuming a conservative Compound Annual Growth Rate (CAGR) of 7% for the forecast period (2025-2033), the market is projected to reach approximately $450 million by 2033. This growth is fueled by several factors. The burgeoning renewable energy sector, particularly fuel cells, necessitates high-purity praseodymium for optimal performance. Simultaneously, the water treatment industry’s adoption of advanced materials is boosting demand for praseodymium-based catalysts and additives. Furthermore, technological advancements are enhancing the production efficiency and purity of praseodymium powder, contributing to market expansion. However, challenges such as price volatility of rare earth elements, geopolitical factors impacting supply chains, and the development of alternative materials represent potential restraints to market growth. The market is segmented by purity level (less than 99.9%, 99.9%-99.999%, more than 99.999%) and application (water treatment, fuel cells, others), with the higher purity segments and fuel cell applications exhibiting the fastest growth. The geographical distribution of the market shows a relatively balanced spread across North America, Europe, and Asia Pacific. China, as a major producer of rare earth elements, holds a significant share within the Asia Pacific region. However, increasing demand from other regions, driven by regional investments in renewable energy and technological advancements, is fostering market diversification. North America and Europe represent mature markets with established industries driving demand. The Middle East and Africa, as well as South America, present emerging market opportunities with growth potential tied to industrialization and infrastructural development. The competitive landscape includes both established global players and regional manufacturers, creating a dynamic market dynamic.

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.

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.

Dive into Market Research Intellect's Praseodymium Neodymium Alloy (Pr Nd Alloy) Market Report, valued at USD 1.2 billion in 2024, and forecast to reach USD 2.5 billion by 2033, growing at a CAGR of 9.5% from 2026 to 2033.

The Praseodymium Powder market is experiencing robust growth, driven by increasing demand from various high-tech industries. While precise market size figures for 2025 are unavailable, considering a plausible CAGR of 7% (a conservative estimate based on the growth of similar rare earth materials) and a hypothetical 2019 market size of $500 million, the market size in 2025 could be estimated at approximately $750 million. Key drivers include the expanding applications of praseodymium in permanent magnets, particularly in electric vehicles and wind turbines, reflecting the global push for renewable energy and sustainable transportation. Furthermore, the increasing use of praseodymium in lighting technology, particularly high-intensity discharge lamps, and niche applications in catalysts and ceramics contribute to market expansion. The competitive landscape is moderately concentrated, with key players such as American Elements, ESPI Metals, and MaTeck holding significant market shares. However, new entrants and advancements in production technologies are expected to shape the market dynamics in the coming years. Challenges include the inherent volatility of rare earth prices, potential supply chain disruptions, and environmental concerns associated with rare earth mining and processing. Looking ahead to 2033, with a sustained CAGR of 7%, the market is projected to reach substantial value. However, fluctuations in raw material costs and government regulations related to rare earth mining and environmental impact could influence market trajectory. Technological advancements focusing on efficient extraction techniques, recycling, and the development of alternative materials could also significantly alter the market landscape. The market segmentation will likely remain defined by purity levels (e.g., 99.9%, 99.99%), particle size, and application sectors. Companies are likely to focus on innovation, supply chain diversification, and sustainable sourcing practices to maintain their competitive edge in the rapidly evolving market for praseodymium powder.

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.

Praseodymium Foil Market Outlook

The global Praseodymium Foil Market size was valued at approximately USD 400 million in 2023 and is projected to reach around USD 760 million by 2032, growing at a CAGR of 7.2% during the forecast period. The key growth factors include increasing demand from the electronics and aerospace industries, along with rising investments in renewable energy and technological advancements in materials science.

One of the primary growth drivers of the Praseodymium Foil Market is its extensive application in the electronics industry. Praseodymium foils are integral in the manufacturing of high-performance magnets, which are essential for various electronic devices such as smartphones, hard drives, and electric motors. The increasing production and sales of consumer electronics worldwide are significantly boosting the demand for praseodymium foils. Additionally, advancements in electronics technology necessitate materials that offer superior performance, thereby enhancing the market growth of praseodymium foils.

Another critical factor contributing to market growth is the rising demand from the aerospace sector. Praseodymium foils are utilized in the manufacturing of high-strength, lightweight alloys that are pivotal in the aerospace industry. The foils contribute to reducing the overall weight of aircraft, thereby enhancing fuel efficiency and reducing carbon emissions. With the global aerospace industry expanding due to increasing air travel and the development of new aircraft models, the demand for praseodymium foils is expected to witness substantial growth in the coming years.

The renewable energy sector is also a significant contributor to the growth of the praseodymium foil market. Praseodymium is used in the production of wind turbines and other renewable energy systems due to its magnetic properties. With the global shift towards renewable energy sources to combat climate change, the demand for wind turbines and, consequently, praseodymium foils, is anticipated to rise. Government initiatives and investments in renewable energy projects further bolster the market growth.

The market for Praseodymium Oxide CAS 12037 29 5 Sales has been witnessing a steady rise, driven by its extensive use in various industrial applications. This compound is particularly valued in the ceramics industry, where it is used to impart a yellow color to glazes and glasses. Its unique properties make it indispensable in the production of certain types of glass and ceramics, which are essential in both consumer and industrial applications. The increasing demand for high-quality ceramics and glass products is expected to further boost the sales of Praseodymium Oxide CAS 12037 29 5. Additionally, its role in the production of catalysts and other chemical compounds adds to its market appeal, ensuring a robust demand across diverse sectors.

From a regional perspective, Asia Pacific dominates the praseodymium foil market, driven by robust industrial activities and significant investments in electronics and renewable energy. Countries like China and Japan are major producers and consumers of praseodymium foils due to their strong manufacturing base and technological advancements. North America and Europe also hold substantial market shares, attributed to their well-established aerospace and electronics industries. The Middle East & Africa and Latin America present emerging opportunities, driven by increasing industrialization and energy projects.

Purity Level Analysis

The praseodymium foil market is segmented based on purity levels into 99%, 99.9%, 99.99%, and others. Each of these segments caters to different industrial applications based on the required material specifications and performance criteria. The segment with 99% purity, while having the lowest purity level among the specified categories, finds significant usage in applications where extreme precision is not as critical. Industries such as basic electronics and certain automotive components often opt for this purity level due to its cost-effectiveness.

The 99.9% purity segment, offering a slightly higher purity, is used in applications demanding better material properties and performance. This segment finds its utilization in more sophisticated electronic devices and certain aerospace components. The higher purity levels ensure better conductivity and magnetic properties, essential for the efficient functioning of high