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Dysprosium Market Size, Share and Forecast 2026-2036

The global dysprosium market is worth USD 644 mn in 2026 and is forecast to reach USD 1.7 bn by 2036, growing at a 10.0% CAGR. China is the largest country market and Dysprosium oxide is the largest by form segment.

USD 644 mnMarket size 2026
USD 1.7 bnForecast 2036
10.0%CAGR 2026-2036
ChinaLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global dysprosium market is worth USD 644 mn in 2026 and is forecast to reach USD 1.7 bn by 2036, growing at a 10.0% CAGR. China is the largest country market and Dysprosium oxide is the largest by form segment.

ScopeDysprosium oxide, metal and alloys used mainly to raise the heat resistance of neodymium magnets for electric vehicles and wind turbines, with smaller uses in lasers and nuclear control.
IndustryChemicals and Materials
Value 2025USD 560 mn
Value 2026USD 644 mn
Value 2036USD 1.7 bn
CAGR 2026-203610.0%
Volume 20262,322 tonnes
Volume 20364,069 tonnes
Average price 2026USD 277,300 per tonne
Report priceStarts from USD 1,999
PublishedNovember 2026

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Dysprosium market size and forecast, 2026-2036

Exhibit 1The global dysprosium market is forecast to grow from USD 644 mn in 2026 to USD 1.7 bn by 2036, more than doublingGlobal market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 10.0%
Dysprosium market value, 2025 to 2036Market value by year. 2025: USD 560 mn; 2026: USD 644 mn; 2027: USD 708 mn; 2028: USD 779 mn; 2029: USD 857 mn; 2030: USD 943 mn; 2031: USD 1.0 bn; 2032: USD 1.1 bn; 2033: USD 1.3 bn; 2034: USD 1.4 bn; 2035: USD 1.5 bn; 2036: USD 1.7 bn. Compound annual growth rate 2026 to 2036: 10.0%.2025644 mn20261.0 bn20311.7 bn203610.0% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 644 mn
2027USD 708 mn
2028USD 779 mn
2029USD 857 mn
2030USD 943 mn
2031USD 1.0 bn
2032USD 1.1 bn
2033USD 1.3 bn
2034USD 1.4 bn
2035USD 1.5 bn
2036USD 1.7 bn

Dysprosium market segmentation

By form

Exhibit 2Dysprosium oxide is the largest segment by form, with 62.0% of 2026 revenueEstimated share of 2026 global revenue, by form
Dysprosium market share by form, 2026Share of 2026 revenue by form. Dysprosium oxide: 62.0%; Dysprosium metal and alloys: 30.0%; Dysprosium compounds: 8.0%.Dysprosium oxide62.0%Dysprosium metal and alloys30.0%Dysprosium compounds8.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Dysprosium oxide62.0%58.7%USD 399 mn9.4%
Dysprosium metal and alloys30.0%35.6%USD 193 mn11.9%
Dysprosium compounds8.0%5.7%USD 52 mn6.4%

By application

Exhibit 3Permanent magnets adds the most revenue by application, growing from USD 580 mn in 2026 to USD 1.6 bn by 2036Estimated revenue in USD by application, 2026 and 2036 forecast
Dysprosium market by application, 2026 and 2036Revenue by application in 2026 and 2036. Permanent magnets: USD 580 mn in 2026, USD 1.6 bn in 2036, change +169%; Nuclear and other uses: USD 39 mn in 2026, USD 69 mn in 2036, change +78%; Lasers and data storage: USD 26 mn in 2026, USD 42 mn in 2036, change +62%.20262036 forecastChangePermanent magnets+169%580 mn1.6 bnNuclear and other uses+78%39 mn69 mnLasers and data storage+62%26 mn42 mn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Permanent magnets90.0%93.4%USD 580 mn10.4%
Lasers and data storage4.0%2.5%USD 26 mn4.9%
Nuclear and other uses6.0%4.1%USD 39 mn5.9%

By end use industry

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
EV and automotive motors34.0%40.0%USD 219 mn11.8%
Wind energy20.0%24.0%USD 129 mn12.0%
Industrial motors and robotics18.0%16.0%USD 116 mn8.7%
Consumer electronics16.0%12.0%USD 103 mn6.9%
Defense and aerospace12.0%8.0%USD 77 mn5.6%

By source

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Ionic clay deposits62.0%56.0%USD 399 mn8.9%
Hard-rock deposits20.0%20.0%USD 129 mn10.0%
Recycled magnets and scrap18.0%24.0%USD 116 mn13.2%

By purity

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Below 99.5%28.0%24.0%USD 180 mn8.3%
99.5% to 99.9%42.0%40.0%USD 270 mn9.5%
Above 99.9%30.0%36.0%USD 193 mn12.0%

Top 25 countries for dysprosium by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 97.0% of 2026 revenue and the 25 countries below together hold 99.1%.

Exhibit 4China is the largest country market at USD 322 mn in 2026, and the three largest countries hold 73.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Dysprosium market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 322 mn, 50.0%; Japan: USD 90 mn, 14.0%; United States: USD 58 mn, 9.0%; Germany: USD 45 mn, 7.0%; South Korea: USD 32 mn, 5.0%; India: USD 19 mn, 3.0%; Vietnam: USD 16 mn, 2.5%; France: USD 16 mn, 2.5%; Thailand: USD 13 mn, 2.0%; Italy: USD 13 mn, 2.0%.China322 mn 50.0%Japan90 mn 14.0%United States58 mn 9.0%Germany45 mn 7.0%South Korea32 mn 5.0%India19 mn 3.0%Vietnam16 mn 2.5%France16 mn 2.5%Thailand13 mn 2.0%Italy13 mn 2.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 322 mn50.0%USD 820 mn9.8%
2JapanUSD 90 mn14.0%USD 210 mn8.8%
3United StatesUSD 58 mn9.0%USD 177 mn11.8%
4GermanyUSD 45 mn7.0%USD 115 mn9.8%
5South KoreaUSD 32 mn5.0%USD 82 mn9.8%
6IndiaUSD 19 mn3.0%USD 65 mn12.9%
7VietnamUSD 16 mn2.5%USD 48 mn11.6%
8FranceUSD 16 mn2.5%USD 37 mn8.6%
9ThailandUSD 13 mn2.0%USD 37 mn11.1%
10ItalyUSD 13 mn2.0%USD 30 mn8.8%
11MalaysiaUSD 2.3 mn0.4%USD 6.2 mn10.3%
12SingaporeUSD 1.6 mn0.2%USD 4.0 mn10.0%
13MyanmarUSD 1.2 mn0.2%USD 3.0 mn9.4%
14AustraliaUSD 1.0 mn0.2%USD 2.7 mn10.0%
15CanadaUSD 0.90 mn0.1%USD 2.2 mn9.2%
16PolandUSD 0.84 mn0.1%USD 2.2 mn10.0%
17MexicoUSD 0.77 mn0.1%USD 2.0 mn10.0%
18NetherlandsUSD 0.71 mn0.1%USD 1.7 mn9.0%
19AustriaUSD 0.64 mn0.1%USD 1.5 mn8.8%
20Czech RepublicUSD 0.64 mn0.1%USD 1.5 mn8.8%
21IsraelUSD 0.58 mn0.09%USD 1.5 mn10.0%
22PhilippinesUSD 0.58 mn0.09%USD 1.7 mn11.2%
23TurkeyUSD 0.52 mn0.08%USD 1.3 mn10.0%
24HungaryUSD 0.52 mn0.08%USD 1.2 mn8.5%
25SwedenUSD 0.52 mn0.08%USD 1.2 mn8.5%
Rest of worldUSD 6.0 mn0.9%USD 15 mn9.4%
Exhibit 5China and Japan account for 60% of the USD 1.0 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Dysprosium market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 644 mn. China: +USD 498 mn; Japan: +USD 120 mn; United States: +USD 119 mn; Germany: +USD 70 mn; South Korea: +USD 50 mn; 20 other countries: +USD 160 mn; Rest of world: +USD 8.7 mn. Market value 2036: USD 1.7 bn.Market value 2026644 mnChina+498 mnJapan+120 mnUnited States+119 mnGermany+70 mnSouth Korea+50 mn20 other countries+160 mnRest of world+8.7 mnMarket value 20361.7 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • China Northern Rare Earth
  • China Rare Earth Group
  • Shenghe Resources
  • Lynas Rare Earths
  • Neo Performance Materials
  • Iluka Resources
  • Xiamen Tungsten

Group 2: Regional and specialist players

  • Solvay
  • Shin-Etsu Chemical
  • Indian Rare Earths
  • MP Materials
  • Ganzhou Qiandong Rare Earth

Group 3: Emerging and niche players

  • American Elements
  • Energy Fuels
  • Arafura Rare Earths
  • Aclara Resources
  • Pensana
  • Ionic Rare Earths
  • Mkango Resources
  • Hastings Technology Metals

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the dysprosium market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 10.0% is calculated from the resulting values.

The market is divided by form, by application, by end use industry, by source, by purity. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the dysprosium market?

The global dysprosium market is estimated at USD 560 mn in 2025 and USD 644 mn in 2026.

How fast will the dysprosium market grow?

It is forecast to reach USD 1.7 bn by 2036, a compound annual growth rate of 10.0% from 2026, an increase of USD 1.0 bn.

Which country is the largest market for dysprosium?

China is the largest market by revenue at USD 322 mn in 2026, 50.0% of the global total. The three largest countries together hold 73.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 12.9% a year from 2026 to 2036.

Which dysprosium segment is largest?

In the by form split, Dysprosium oxide is the largest segment with 62.0% of 2026 revenue.

Who are the leading dysprosium companies?

Global leaders include China Northern Rare Earth, China Rare Earth Group, Shenghe Resources, Lynas Rare Earths.

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