Praseodymium
Permanent magnets
resr
Glass and ceramic colouring
resr
Buy Praseodymium
Raw material producers:
China, Australia, USA
Areas of application:
Permanent magnets (wind energy, electromobility, consumer electronics)
Glass and ceramic colouring
Market forecasts:
- Wind power capacity in Europe will almost double by 2030.1
- The global electric vehicle fleet could grow twelve-fold by 2035.2
- The global market for consumer electronics is expected to grow at a compound annual growth rate (CAGR) of 6.6 % until 2030, driven by the increasing penetration of smartphones.3
1) spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/022824-europe-forecast-to-add-262-gw-new-wind-capacity-by-2030-windeurope
2) iea.org/reports/global-ev-outlook-2024/outlook-for-electric-mobility
3) statista.com/outlook/cmo/consumer-electronics/worldwide