Dysprosium
Permanent magnets
Nuclear technology
Buy Dysprosium
Raw material producers:
China
Areas of application:
Permanent magnets (wind energy, electromobility, consumer electronics, MRI devices)
Nuclear technology
Market forecasts:
- The annual global demand for dysprosium is forecast to increase from 730 tonnes in 2020 to a maximum of 9,420 tonnes in 2050.1
- The global electric vehicle fleet could grow twelve-fold by 2035.2
- The global market for magnetic resonance imaging (MRI) was estimated at USD 6.6 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.5 % until 2030.3
1) publications.jrc.ec.europa.eu/repository/bitstream/JRC132889/JRC132889_01.pdf
2) iea.org/reports/global-ev-outlook-2024/outlook-for-electric-mobility
3) statista.com/outlook/hmo/medical-technology/medical-devices/diagnostic-imaging-devices/worldwide