Global Gadolinium Market Research Report by Type, by Application, and by Region Forecast till 2035

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List of Tables

Global Gadolinium Market Research Report by Type (Gadolinium Acetate, Gadolinium Acetylacetonate, Gadolinium Oxide, Gadolinium Nitrate, Gadolinium Chloride, Others), by Application (Electronics, Medical Imaging, Aerospace & Defense, Nuclear Energy, Others), and by Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) Forecast till 2035

Industry Overview

The gadolinium market is expected to hit USD 509.6 million by 2035, expanding at a compound annual growth rate of 7.9% over the forecast period. Gadolinium (Gd) is a silvery-white rare earth element widely used for its magnetic and neutron-absorbing properties. It is an essential component in MRI contrast materials, electronic devices, and nuclear reactor shielding. Its unique ability to enhance imaging contrast makes it valuable in medical diagnostics.

The global gadolinium market has evolved significantly as a result of the healthcare industry's growth. One of the intriguing facts related to this growth is the rise in demand for high-quality diagnostic imaging. Gadolinium-based contrast agents, which are basically the substances that help MRI to be clearer and accurate, have gained market share due to the explosive increase of chronic diseases all over the world and the aging population. The use of advanced imaging for the early diagnosis of diseases, and hence the correct treatment, is the main reason why the market keeps growing.

Major Company Development

One of the best examples of a company that has made a breakthrough is Lynas with its efforts in gadolinium processing, aiming at not only the establishment of a stable and reliable supply chain that does not involve China but also the technological innovation for the production of high-purity oxide by ion-exchange. This strategic move enables the company to expand its product range and cater to the demand for niche products from the market, hence consolidating its position as a major supplier of rare earth materials worldwide.

Key Players

Major players in the global gadolinium market are Goodfellow Cambridge Ltd, GFS Chemicals, Inc., Otto Chemie Pvt. Ltd, MP Materials, Lynas Rare Earths Ltd, Shin-Etsu Chemical Co., Ltd, NEO, SANTOKU CORPORATION, Stanford Advanced Materials, and Solvay.

Report Attribute Details

Market Size 2024: USD 199.36 Million
Market Size 2035: USD 509.6 Million
CAGR (2025-2035): 7.9%
Base Year: 2024
Market Forecast Period: 2025-2035

Industry Segmentations

By Type: Gadolinium Acetate - 6.4%, Gadolinium Acetylacetonate - 4.8%.
By Application: Electronics - 4.5%, Medical Imaging - 5.9%.

Regional Analysis

A big driver of the North America gadolinium market is the technological advancement in the healthcare sector, which keeps the region at the forefront of the global gadolinium market. The increasing use of MRI contrast agents in the region has remained a predominant trend over the last few years and will continue to do so in the near future, supporting consumption growth at a steady pace. In 2024, the US represents the largest share of North America's gadolinium consumption at 864.1 kilotons, with Canada contributing 424.3 kilotons, driven by healthcare and high-tech sectors.

Europe's gadolinium market is the result of its strong points, which are the focus on environmental issues, continuous research, and industrial independence. The consumption of materials based on gadolinium has climbed as medical diagnostics and nuclear industries have developed. Europe's gadolinium usage in 2024 is led by Germany at 180.2 kilotons, followed by France (96.2 kilotons) and the UK (76.2 kilotons), reflecting strong demand for medical and industrial applications.

Asia-Pacific is the frontrunner of the global gadolinium market and has an impressive industrial base and technology know-how to back its position. China is still the leading party in terms of mining and refining, with an aim to meet the majority of the world market demand. Asia-Pacific dominates globally, with China consuming 1,143.4 kilotons and Japan 411.4 kilotons in 2024, highlighting the region's expansive technological and healthcare reliance on gadolinium.

Latin America's gadolinium market is in a developmental phase but holds notable promise due to its mineral-rich geography. Brazil, in particular, is actively pursuing rare earth exploration to expand its industrial base and reduce import reliance. Regional policies emphasizing green mining practices and foreign partnerships are fostering investment opportunities.

The Middle East and Africa are gradually entering the global gadolinium market, motivated by the growing need to diversify resource portfolios. African nations such as Malawi and South Africa have started exploring their rare earth reserves for potential gadolinium extraction. Infrastructural challenges persist, but the region's mineral potential positions it as a future growth frontier for the gadolinium industry.

Product Code: MRFR/CnM/20094-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH: DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 CONSUMPTION & NET TRADE APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 GROWTH IN HEALTHCARE
- 4.2.2 INCREASE IN DEMAND FOR NUCLEAR ENERGY
4.3 RESTRAINTS
- 4.3.1 HEALTH & SAFETY CONCERNS
4.4 OPPORTUNITY
- 4.4.1 RISE IN GLOBAL DEFENCE SPENDING
4.5 IMPACT ANALYSIS OF RUSSIA UKRAINE WAR
4.6 IMPACT ANALYSIS OF TRADE WAR ON MARKET
4.7 IMPACT OF TRUMP 2.0

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
- 5.1.1 PARTICIPANTS
  - 5.1.1.1 RAW MATERIAL EXTRACTION
  - 5.1.1.2 PROCESSING & REFINING
  - 5.1.1.3 DISTRIBUTION
  - 5.1.1.4 END-USERS
- 5.1.2 VALUE PERCOLATION ACROSS THE CHAIN
- 5.1.3 INTEGRATION LEVELS
- 5.1.4 KEY ISSUES ADDRESSED
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 THREAT OF SUBSTITUTES
- 5.2.3 BARGAINING POWER OF SUPPLIERS
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
5.3 PRICING OVERVIEW
- 5.3.1 PRICING OVERVIEW, BY Region, 2019-2035
5.4 REGULATORY FRAMEWORK
5.5 TECHNOLOGICAL ADVANCEMENTS IN THE MARKET
5.6 ADJACENT MARKET OVERVIEW
- 5.6.1 RARE EARTH ELEMENTS MARKET
- 5.6.2 RARE EARTH RECYCLING MARKET
5.7 PESTEL ANALYSIS

6 GLOBAL GADOLINIUM MARKET, BY TYPE

6.1 OVERVIEW
6.2 GADOLINIUM ACETATE
6.3 GADOLINIUM ACETYLACETONATE
6.4 GADOLINIUM OXIDE
6.5 GADOLINIUM NITRATE
6.6 GADOLINIUM CHLORIDE
6.7 OTHERS

7 GLOBAL GADOLINIUM MARKET, BY APPLICATION

7.1 OVERVIEW
7.2 ELECTRONICS
7.3 MEDICAL IMAGING
7.4 AEROSPACE & DEFENSE
7.5 NUCLEAR ENERGY
7.6 OTHERS

8 GLOBAL GADOLINIUM MARKET, BY REGION

8.1 OVERVIEW
8.2 NORTH AMERICA
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
8.3 EUROPE
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 FRANCE
- 8.3.4 RUSSIA
- 8.3.5 SPAIN
- 8.3.6 ITALY
- 8.3.7 REST OF EUROPE
8.4 ASIA PACIFIC
- 8.4.1 CHINA
- 8.4.2 JAPAN
- 8.4.3 INDIA
- 8.4.4 SOUTH KOREA
- 8.4.5 MALAYSIA
- 8.4.6 THAILAND
- 8.4.7 INDONESIA
- 8.4.8 REST OF ASIA PACIFIC
8.5 SOUTH AMERICA
- 8.5.1 Brazil
- 8.5.2 Argentina
- 8.5.3 Rest of South America
8.6 MIDDLE EAST & AFRICA
- 8.6.1 GCC Countries
- 8.6.2 South Africa
- 8.6.3 Rest of Middle East & Africa

9 COMPETITIVE LANDSCAPE

9.1 INTRODUCTION
9.2 COMPETITION DASHBOARD
9.3 COMPANY MARKET SHARE ANALYSIS, 2024 (%)
9.4 COMPETITIVE BENCHMARKING
9.5 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE MARKET
9.6 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2024
9.7 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 9.7.1 New Product Launch/Service Deployment
- 9.7.2 MERGER & Acquisition
- 9.7.3 Joint Ventures

10 COMPANY PROFILES

10.1 GOODFELLOW CAMBRIDGE LTD
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 FINANCIAL OVERVIEW
- 10.1.5 SWOT ANALYSIS
- 10.1.6 Key Strategy
10.2 GFS CHEMICALS, INC
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 FINANCIAL OVERVIEW
- 10.2.5 SWOT ANALYSIS
- 10.2.6 Key Strategy
10.3 OTTO CHEMIE PVT. LTD
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 FINANCIAL OVERVIEW
- 10.3.5 SWOT ANALYSIS
- 10.3.6 Key Strategy
10.4 MP MATERIALS
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 FINANCIAL OVERVIEW
- 10.4.5 SWOT ANALYSIS
- 10.4.6 Key Strategy
10.5 LYNAS RARE EARTHS LTD
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 FINANCIAL OVERVIEW
- 10.5.5 SWOT ANALYSIS
- 10.5.6 Key Strategy
10.6 SHIN-ETSU CHEMICAL CO., LTD
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 FINANCIAL OVERVIEW
- 10.6.5 SWOT ANALYSIS
- 10.6.6 Key Strategy
10.7 NEO
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 FINANCIAL OVERVIEW
- 10.7.5 SWOT ANALYSIS
- 10.7.6 Key Strategy
10.8 SANTOKU CORPORATION
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 FINANCIAL OVERVIEW
- 10.8.5 SWOT ANALYSIS
- 10.8.6 Key Strategy
10.9 STANFORD ADVANCED MATERIALS
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 FINANCIAL OVERVIEW
- 10.9.5 SWOT ANALYSIS
- 10.9.6 Key Strategy
10.10 SOLVAY
- 10.10.1 COMPANY OVERVIEW
- 10.10.2 FINANCIAL OVERVIEW
- 10.10.5 SWOT ANALYSIS
- 10.10.6 Key Strategy
10.11 DATA CITATIONS