Summary
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
Market Overview
The global gadolinium market is projected to reach USD 509.6 million by 2035, growing at a CAGR of 7.9% between 2025 and 2035. Gadolinium is a rare earth metal with the chemical symbol Gd and atomic number 64. It is known for its strong magnetic properties and is commonly used in MRI contrast agents and various electronic applications. The metal also plays a role in improving the efficiency of nuclear reactors and magnets.
The rapid growth of the global healthcare sector stands as a key driver of the gadolinium market, propelled by the increasing need for advanced diagnostic imaging. One of the most important things that gadolinium-based contrast agents (GBCAs) do is to make MRI more accurate, and therefore, the precise detection of cancers, neurological disorders, and cardiovascular diseases becomes possible. The increased incidence of chronic diseases and the elderly population are the biggest factors in the increased demand for MRI scans, which in turn contributes to the global gadolinium market growth.
Key Company Development
A key development for Lynas involves enhancing its gadolinium operations by establishing a secure, transparent supply chain independent of Chinese sources. The company has updated its methods of separation to generate high-purity gadolinium oxides for specially tailored applications. Not only does this step diversify Lynas' product line, but it also increases the company's strategic position in the international market of rare earth.
Major Players
Major competitors 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
Market Segmentations
• By Type: Gadolinium Acetate - 6.4%, Gadolinium Acetylacetonate - 4.8%.
• By Application: Electronics - 4.5%, Medical Imaging - 5.9%.
Regional Insights
The North American gadolinium market, with its strong rarity structure, is of strategic importance globally, and this is mostly the result of the widespread use of cutting-edge technologies in various sectors such as healthcare, defense, and energy. Medical imaging, in particular, the use of MRI contrast agents, is the area where demand continues to increase at a steady pace. The North American gadolinium market in 2024 is dominated by the US with 864.1 kilotons, followed by Canada at 424.3 kilotons, reflecting strong industrial and healthcare demand.
Europe's gadolinium market is becoming popular among investors due to the region's strong technological base and its growing willingness to develop sustainable sources of critical materials. In the region, Gadolinium is extensively utilized in medical diagnostics, nuclear safety, and high-performance electronics. Germany leads Europe’s 2024 gadolinium consumption with 180.2 kilotons, while France and the UK follow with 96.2 and 76.2 kilotons respectively, highlighting regional industrial and medical applications.
Asia-Pacific is the biggest market for gadolinium in the world, mainly because of China's complete rare earth ecosystem. China's ample reserves, vertically integrated supply chain, and government support have made China the largest producer and processor of gadolinium in the world. In Asia-Pacific, China accounts for 1,143.4 kilotons of gadolinium in 2024, with Japan consuming 411.4 kilotons, underscoring the region’s dominance in production and technological utilization.
The gadolinium market in Latin America is gradually developing, supported by growing exploration activities and the region’s abundant mineral resources. Brazil and Argentina are emerging as potential contributors, with ongoing initiatives to assess and exploit rare earth deposits. Governments are increasingly focused on reducing dependence on imports while promoting sustainable mining and value-added processing.
The Middle East and Africa’s gadolinium industry is still in its early stages but shows promising long-term prospects. Several African countries, such as South Africa, Madagascar, and Malawi, are actively exploring rare earth deposits that may contain gadolinium. In parallel, Gulf nations, including Saudi Arabia and the UAE, are incorporating rare earth development into their diversification programs.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY . 17
2 MARKET INTRODUCTION . 24
2.1 DEFINITION . 24
2.2 SCOPE OF THE STUDY . 24
2.3 RESEARCH OBJECTIVE . 24
2.4 MARKET STRUCTURE . 24
3 RESEARCH METHODOLOGY . 25
3.1 OVERVIEW . 25
3.2 DATA FLOW . 27
3.2.1 DATA MINING PROCESS . 27
3.3 PURCHASED DATABASE: . 28
3.4 SECONDARY SOURCES: . 29
3.4.1 SECONDARY RESEARCH DATA FLOW: . 30
3.5 PRIMARY RESEARCH: . 31
3.5.1 PRIMARY RESEARCH: DATA FLOW: . 32
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED . 33
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE . 33
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: . 34
3.6.1 CONSUMPTION & NET TRADE APPROACH . 34
3.6.2 REVENUE ANALYSIS APPROACH . 34
3.7 DATA FORECASTING. 35
3.7.1 DATA FORECASTING TECHNIQUE . 35
3.8 DATA MODELING . 36
3.8.1 MICROECONOMIC FACTOR ANALYSIS: . 36
3.8.2 DATA MODELING: . 37
3.9 TEAMS AND ANALYST CONTRIBUTION . 39
4 MARKET DYNAMICS . 41
4.1 INTRODUCTION . 41
4.2 DRIVERS . 42
4.2.1 GROWTH IN HEALTHCARE . 42
4.2.2 INCREASE IN DEMAND FOR NUCLEAR ENERGY . 44
4.3 RESTRAINTS . 46
4.3.1 HEALTH & SAFETY CONCERNS . 46
4.4 OPPORTUNITY . 47
4.4.1 RISE IN GLOBAL DEFENCE SPENDING . 47
4.5 IMPACT ANALYSIS OF RUSSIA UKRAINE WAR . 48
4.6 IMPACT ANALYSIS OF TRADE WAR ON MARKET . 49
4.7 IMPACT OF TRUMP 2.0 . 50
5 MARKET FACTOR ANALYSIS . 52
5.1 SUPPLY/VALUE CHAIN ANALYSIS . 52
5.1.1 PARTICIPANTS . 53
5.1.1.1 RAW MATERIAL EXTRACTION . 53
5.1.1.2 PROCESSING & REFINING . 53
5.1.1.3 DISTRIBUTION . 53
5.1.1.4 END-USERS . 54
5.1.2 VALUE PERCOLATION ACROSS THE CHAIN . 54
5.1.3 INTEGRATION LEVELS . 54
5.1.4 KEY ISSUES ADDRESSED . 54
5.2 PORTER’S FIVE FORCES MODEL . 55
5.2.1 THREAT OF NEW ENTRANTS . 56
5.2.2 THREAT OF SUBSTITUTES . 56
5.2.3 BARGAINING POWER OF SUPPLIERS . 56
5.2.4 BARGAINING POWER OF BUYERS . 56
5.2.5 INTENSITY OF RIVALRY . 57
5.3 PRICING OVERVIEW . 58
5.3.1 PRICING OVERVIEW, BY Region, 2019–2035 . 58
5.4 REGULATORY FRAMEWORK . 58
5.5 TECHNOLOGICAL ADVANCEMENTS IN THE MARKET . 60
5.6 ADJACENT MARKET OVERVIEW . 62
5.6.1 RARE EARTH ELEMENTS MARKET . 62
5.6.2 RARE EARTH RECYCLING MARKET . 62
5.7 PESTEL ANALYSIS . 64
6 GLOBAL GADOLINIUM MARKET, BY TYPE . 66
6.1 OVERVIEW . 66
6.2 GADOLINIUM ACETATE . 67
6.3 GADOLINIUM ACETYLACETONATE . 67
6.4 GADOLINIUM OXIDE . 67
6.5 GADOLINIUM NITRATE . 68
6.6 GADOLINIUM CHLORIDE . 68
6.7 OTHERS . 68
7 GLOBAL GADOLINIUM MARKET, BY APPLICATION . 69
7.1 OVERVIEW . 69
7.2 ELECTRONICS . 70
7.3 MEDICAL IMAGING . 71
7.4 AEROSPACE & DEFENSE . 71
7.5 NUCLEAR ENERGY . 71
7.6 OTHERS . 72
8 GLOBAL GADOLINIUM MARKET, BY REGION . 73
8.1 OVERVIEW . 73
8.2 NORTH AMERICA . 74
8.2.1 US. 77
8.2.2 Canada . 78
8.2.3 Mexico . 79
8.3 EUROPE . 81
8.3.1 Germany . 83
8.3.2 UK . 84
8.3.3 FRANCE . 86
8.3.4 RUSSIA . 87
8.3.5 SPAIN . 89
8.3.6 ITALY . 90
8.3.7 REST OF EUROPE . 92
8.4 ASIA PACIFIC . 94
8.4.1 CHINA . 97
8.4.2 JAPAN . 98
8.4.3 INDIA . 100
8.4.4 SOUTH KOREA . 101
8.4.5 MALAYSIA . 102
8.4.6 THAILAND . 104
8.4.7 INDONESIA . 105
8.4.8 REST OF ASIA PACIFIC. 107
8.5 SOUTH AMERICA . 109
8.5.1 Brazil . 111
8.5.2 Argentina . 113
8.5.3 Rest of South America . 114
8.6 MIDDLE EAST & AFRICA . 116
8.6.1 GCC Countries . 118
8.6.2 South Africa . 120
8.6.3 Rest of Middle East & Africa . 121
9 COMPETITIVE LANDSCAPE . 124
9.1 INTRODUCTION . 124
9.2 COMPETITION DASHBOARD . 124
9.3 COMPANY MARKET SHARE ANALYSIS, 2024 (%) . 125
9.4 COMPETITIVE BENCHMARKING . 126
9.5 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE MARKET . 127
9.6 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2024 . 127
9.7 KEY DEVELOPMENTS & GROWTH STRATEGIES . 128
9.7.1 New Product Launch/Service Deployment . 128
9.7.2 MERGER & Acquisition . 128
9.7.3 Joint Ventures . 128
10 COMPANY PROFILES . 129
10.1 GOODFELLOW CAMBRIDGE LTD . 129
10.1.1 COMPANY OVERVIEW . 129
10.1.2 FINANCIAL OVERVIEW . 129
10.1.5 SWOT ANALYSIS . 130
10.1.6 Key Strategy . 130
10.2 GFS CHEMICALS, INC . 131
10.2.1 COMPANY OVERVIEW . 131
10.2.2 FINANCIAL OVERVIEW . 131
10.2.5 SWOT ANALYSIS . 132
10.2.6 Key Strategy . 133
10.3 OTTO CHEMIE PVT. LTD . 133
10.3.1 COMPANY OVERVIEW . 133
10.3.2 FINANCIAL OVERVIEW . 133
10.3.5 SWOT ANALYSIS . 134
10.3.6 Key Strategy . 135
10.4 MP MATERIALS . 135
10.4.1 COMPANY OVERVIEW . 135
10.4.2 FINANCIAL OVERVIEW . 136
10.4.5 SWOT ANALYSIS . 137
10.4.6 Key Strategy . 137
10.5 LYNAS RARE EARTHS LTD . 138
10.5.1 COMPANY OVERVIEW . 138
10.5.2 FINANCIAL OVERVIEW . 139
10.5.5 SWOT ANALYSIS . 140
10.5.6 Key Strategy . 140
10.6 SHIN-ETSU CHEMICAL CO., LTD . 141
10.6.1 COMPANY OVERVIEW . 141
10.6.2 FINANCIAL OVERVIEW . 142
10.6.5 SWOT ANALYSIS . 143
10.6.6 Key Strategy . 143
10.7 NEO . 144
10.7.1 COMPANY OVERVIEW . 144
10.7.2 FINANCIAL OVERVIEW . 145
10.7.5 SWOT ANALYSIS . 146
10.7.6 Key Strategy . 146
10.8 SANTOKU CORPORATION . 147
10.8.1 COMPANY OVERVIEW . 147
10.8.2 FINANCIAL OVERVIEW . 147
10.8.5 SWOT ANALYSIS . 148
10.8.6 Key Strategy . 148
10.9 STANFORD ADVANCED MATERIALS . 149
10.9.1 COMPANY OVERVIEW . 149
10.9.2 FINANCIAL OVERVIEW . 149
10.9.5 SWOT ANALYSIS . 150
10.9.6 Key Strategy . 150
10.10 SOLVAY . 151
10.10.1 COMPANY OVERVIEW . 151
10.10.2 FINANCIAL OVERVIEW . 152
10.10.5 SWOT ANALYSIS . 153
10.10.6 Key Strategy . 153
10.11 DATA CITATIONS . 154
