How Big is the Gadolinium Market | Insights & Forecast 2025

Q: How big is the gadolinium market?

The gadolinium market was estimated at USD 0.5 Billion in 2024 and is expected to reach USD 0.74 Billion by 2031.

Q: What is the growth rate of the gadolinium market?

The gadolinium market is expected to expand its landscape at a CAGR of 5.60% from 2025 to 2031.

Q: What drives the gadolinium market?

Medical imaging demand, technological advances in electronics, and rare earth applications are key drivers.

Q: Who are the major players in the gadolinium market?

Major players include American Elements, Lynas Rare Earths, China Minmetals, and Merck KGaA.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA5984

Publication Date: Jul 2025

What is the size of Gadolinium Market?

According to 6Wresearch internal database and industry insights, the Global Gadolinium Market was estimated at USD 0.5 Billion in 2024 and is projected to reach USD 0.74 Billion by 2031, growing at a CAGR of 5.60% during the forecast period 2025–2031.

Due to several factors including the increasing applications in medical imaging, electronics, nuclear reactors, and the rising demand for rare earth elements in emerging technologies, the market is continued to rise in the forthcoming years.

Key Growth Drivers of the Gadolinium Market

Rising demand for contrast agents in magnetic resonance imaging (MRI)
Growing use in the production of phosphors and optical devices
Expanding applications in nuclear reactor shielding and control rods
Technological advancements in medical diagnostics and imaging
Increasing use in electronics, especially for data storage and magneto-optics

Gadolinium Market Trends

Gadolinium market is growing over the years with notable trends such as rising shift toward high-purity gadolinium compounds for medical and high-tech applications. The demand for gadolinium-based contrast media is increasing due to increased MRI procedures globally. Innovations in gadolinium alloys for energy-efficient cooling systems and superconductors are gaining traction. The recycling of gadolinium from electronic waste is becoming more prevalent. Asia-Pacific dominates the market with strong electronics and healthcare sectors.

Emerging Developments in the Gadolinium Market

Gadolinium market is seeing new developments which include the creation of gadolinium nanoparticles for targeted drug delivery and cancer treatment. Research is underway to develop safer and biodegradable gadolinium-based contrast agents. Gadolinium’s role in next-gen data storage and quantum computing is being explored. The investment is rising in rare earth metal extraction technologies to reduce supply risks.