| Product Code: ETC13313176 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Dysprosium Market was valued at USD 0.58 Billion in 2024 and is expected to reach USD 0.91 Billion by 2031, growing at a compound annual growth rate of 5.22% during the forecast period (2025-2031).
The Global Dysprosium Market is experiencing steady growth driven by the increasing demand for rare earth metals in various industries such as electronics, automotive, and renewable energy. Dysprosium is a critical component in the production of high-strength magnets used in electric vehicles and wind turbines, making it a key element in the shift towards clean energy technologies. China is the leading producer of dysprosium, controlling a significant portion of the global market. However, geopolitical tensions and supply chain disruptions have led to concerns about the availability of dysprosium, prompting other countries to explore alternative sources and recycling initiatives. The market is expected to continue expanding as the demand for dysprosium-based products remains strong, especially in emerging industries like electric mobility and energy storage.
The Global Dysprosium Market is experiencing a growing demand due to its critical role in various high-tech applications such as permanent magnets for electric vehicles, wind turbines, and electronics. As the world transitions towards cleaner energy sources and advances in technology, the demand for dysprosium is expected to continue rising. Additionally, the increasing focus on rare earth elements and their importance in maintaining supply chain resilience has further spotlighted dysprosium. Opportunities in the market include expanding production capacities, investing in recycling technologies to reduce dependency on primary sources, and exploring new mining projects. Companies can also capitalize on strategic partnerships and collaborations to ensure a stable supply of dysprosium and meet the evolving market demands.
The Global Dysprosium Market faces several challenges, including supply chain disruptions due to geopolitical tensions and trade conflicts, as well as fluctuations in demand from key industries such as electronics and renewable energy. Dysprosium is a critical rare earth element used in high-powered magnets, and its availability is limited, leading to concerns about sustainable sourcing. Additionally, environmental regulations and increasing mining costs can impact the overall production and pricing of dysprosium. As the demand for dysprosium continues to grow, market players must navigate these challenges to ensure a stable supply chain and meet the needs of various industries reliant on this essential material.
The Global Dysprosium Market is primarily driven by the increasing demand for rare earth metals in various high-tech applications such as electric vehicles, wind turbines, and electronic devices. Dysprosium is a crucial component in the manufacturing of permanent magnets used in these technologies, as it helps enhance the magnets` performance at high temperatures. The growing focus on sustainable energy sources and the transition towards electric mobility are significant factors driving the demand for dysprosium. Additionally, the geopolitical issues surrounding the supply of rare earth metals, particularly from dominant producers like China, have also fueled interest in diversifying sources of dysprosium and securing a stable supply chain, further propelling market growth.
Government policies related to the Global Dysprosium Market vary by country, but common themes include regulations on mining practices, trade restrictions, and strategic stockpiling efforts. China, the largest producer of dysprosium, has implemented export quotas and stricter environmental regulations to control production and protect resources. The United States has expressed concerns about overreliance on Chinese supply and has considered initiatives to develop domestic sources of rare earth elements like dysprosium. The European Union has also explored strategies to ensure a sustainable supply chain for critical raw materials, including dysprosium. Overall, government policies aim to balance economic interests with environmental concerns and national security considerations in the dysprosium market.
The future outlook for the Global Dysprosium Market is expected to be influenced by growing demand from various industries such as electronics, automotive, and renewable energy. Dysprosium is a critical rare earth element used in the production of high-strength magnets, which are essential components in electric vehicles, wind turbines, and many electronic devices. As the world shifts towards a greener economy and electric vehicle adoption increases, the demand for dysprosium is likely to rise. However, concerns regarding supply constraints and geopolitical tensions surrounding rare earth elements could impact the market dynamics. Companies in the dysprosium market may need to focus on securing a stable supply chain, investing in exploration and production capabilities, and developing recycling technologies to meet the growing demand sustainably.
In the global dysprosium market, Asia is a significant region due to the presence of major rare earth elements producers like China, which dominates the market with its abundant reserves and production capacity. North America and Europe are actively exploring dysprosium mining projects to reduce dependency on Chinese supply. The Middle East and Africa region is also showing potential for dysprosium production, with countries like South Africa and Madagascar having significant rare earth element deposits. Latin America, particularly countries like Brazil and Chile, is emerging as a key player in dysprosium production, offering new opportunities for market growth and diversification. Overall, the global dysprosium market is witnessing a shift towards geographic diversification to ensure a stable supply chain and reduce reliance on a single dominant producer.
Global Dysprosium Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Dysprosium Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Dysprosium Market Revenues & Volume, 2021 & 2031F |
3.3 Global Dysprosium Market - Industry Life Cycle |
3.4 Global Dysprosium Market - Porter's Five Forces |
3.5 Global Dysprosium Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Dysprosium Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Global Dysprosium Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Dysprosium Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global Dysprosium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Dysprosium Market Trends |
6 Global Dysprosium Market, 2021 - 2031 |
6.1 Global Dysprosium Market, Revenues & Volume, By Form, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Dysprosium Market, Revenues & Volume, By Oxide, 2021 - 2031 |
6.1.3 Global Dysprosium Market, Revenues & Volume, By Metal, 2021 - 2031 |
6.1.4 Global Dysprosium Market, Revenues & Volume, By Fluoride, 2021 - 2031 |
6.2 Global Dysprosium Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Dysprosium Market, Revenues & Volume, By Magnets, 2021 - 2031 |
6.2.3 Global Dysprosium Market, Revenues & Volume, By Nuclear Reactors, 2021 - 2031 |
6.2.4 Global Dysprosium Market, Revenues & Volume, By Electric Vehicles, 2021 - 2031 |
6.3 Global Dysprosium Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Dysprosium Market, Revenues & Volume, By Electronics, 2021 - 2031 |
6.3.3 Global Dysprosium Market, Revenues & Volume, By Energy, 2021 - 2031 |
6.3.4 Global Dysprosium Market, Revenues & Volume, By Automotive, 2021 - 2031 |
7 North America Dysprosium Market, Overview & Analysis |
7.1 North America Dysprosium Market Revenues & Volume, 2021 - 2031 |
7.2 North America Dysprosium Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Dysprosium Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Dysprosium Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Dysprosium Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Dysprosium Market, Revenues & Volume, By Form, 2021 - 2031 |
7.4 North America Dysprosium Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Dysprosium Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) Dysprosium Market, Overview & Analysis |
8.1 Latin America (LATAM) Dysprosium Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Dysprosium Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Dysprosium Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Dysprosium Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Dysprosium Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Dysprosium Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Dysprosium Market, Revenues & Volume, By Form, 2021 - 2031 |
8.4 Latin America (LATAM) Dysprosium Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Dysprosium Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia Dysprosium Market, Overview & Analysis |
9.1 Asia Dysprosium Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Dysprosium Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Dysprosium Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Dysprosium Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Dysprosium Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Dysprosium Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Dysprosium Market, Revenues & Volume, By Form, 2021 - 2031 |
9.4 Asia Dysprosium Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Dysprosium Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa Dysprosium Market, Overview & Analysis |
10.1 Africa Dysprosium Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Dysprosium Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Dysprosium Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Dysprosium Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Dysprosium Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Dysprosium Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Dysprosium Market, Revenues & Volume, By Form, 2021 - 2031 |
10.4 Africa Dysprosium Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Dysprosium Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe Dysprosium Market, Overview & Analysis |
11.1 Europe Dysprosium Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Dysprosium Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Dysprosium Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Dysprosium Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Dysprosium Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Dysprosium Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Dysprosium Market, Revenues & Volume, By Form, 2021 - 2031 |
11.4 Europe Dysprosium Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Dysprosium Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East Dysprosium Market, Overview & Analysis |
12.1 Middle East Dysprosium Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Dysprosium Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Dysprosium Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Dysprosium Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Dysprosium Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Dysprosium Market, Revenues & Volume, By Form, 2021 - 2031 |
12.4 Middle East Dysprosium Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Dysprosium Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global Dysprosium Market Key Performance Indicators |
14 Global Dysprosium Market - Export/Import By Countries Assessment |
15 Global Dysprosium Market - Opportunity Assessment |
15.1 Global Dysprosium Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Dysprosium Market Opportunity Assessment, By Form, 2021 & 2031F |
15.3 Global Dysprosium Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Dysprosium Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global Dysprosium Market - Competitive Landscape |
16.1 Global Dysprosium Market Revenue Share, By Companies, 2024 |
16.2 Global Dysprosium Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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