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.
| Scope | Dysprosium 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. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 560 mn |
| Value 2026 | USD 644 mn |
| Value 2036 | USD 1.7 bn |
| CAGR 2026-2036 | 10.0% |
| Volume 2026 | 2,322 tonnes |
| Volume 2036 | 4,069 tonnes |
| Average price 2026 | USD 277,300 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Dysprosium market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 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 |
Dysprosium market segmentation
By form
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Dysprosium oxide | 62.0% | 58.7% | USD 399 mn | 9.4% |
| Dysprosium metal and alloys | 30.0% | 35.6% | USD 193 mn | 11.9% |
| Dysprosium compounds | 8.0% | 5.7% | USD 52 mn | 6.4% |
By application
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Permanent magnets | 90.0% | 93.4% | USD 580 mn | 10.4% |
| Lasers and data storage | 4.0% | 2.5% | USD 26 mn | 4.9% |
| Nuclear and other uses | 6.0% | 4.1% | USD 39 mn | 5.9% |
By end use industry
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| EV and automotive motors | 34.0% | 40.0% | USD 219 mn | 11.8% |
| Wind energy | 20.0% | 24.0% | USD 129 mn | 12.0% |
| Industrial motors and robotics | 18.0% | 16.0% | USD 116 mn | 8.7% |
| Consumer electronics | 16.0% | 12.0% | USD 103 mn | 6.9% |
| Defense and aerospace | 12.0% | 8.0% | USD 77 mn | 5.6% |
By source
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Ionic clay deposits | 62.0% | 56.0% | USD 399 mn | 8.9% |
| Hard-rock deposits | 20.0% | 20.0% | USD 129 mn | 10.0% |
| Recycled magnets and scrap | 18.0% | 24.0% | USD 116 mn | 13.2% |
By purity
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Below 99.5% | 28.0% | 24.0% | USD 180 mn | 8.3% |
| 99.5% to 99.9% | 42.0% | 40.0% | USD 270 mn | 9.5% |
| Above 99.9% | 30.0% | 36.0% | USD 193 mn | 12.0% |
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%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 322 mn | 50.0% | USD 820 mn | 9.8% |
| 2 | Japan | USD 90 mn | 14.0% | USD 210 mn | 8.8% |
| 3 | United States | USD 58 mn | 9.0% | USD 177 mn | 11.8% |
| 4 | Germany | USD 45 mn | 7.0% | USD 115 mn | 9.8% |
| 5 | South Korea | USD 32 mn | 5.0% | USD 82 mn | 9.8% |
| 6 | India | USD 19 mn | 3.0% | USD 65 mn | 12.9% |
| 7 | Vietnam | USD 16 mn | 2.5% | USD 48 mn | 11.6% |
| 8 | France | USD 16 mn | 2.5% | USD 37 mn | 8.6% |
| 9 | Thailand | USD 13 mn | 2.0% | USD 37 mn | 11.1% |
| 10 | Italy | USD 13 mn | 2.0% | USD 30 mn | 8.8% |
| 11 | Malaysia | USD 2.3 mn | 0.4% | USD 6.2 mn | 10.3% |
| 12 | Singapore | USD 1.6 mn | 0.2% | USD 4.0 mn | 10.0% |
| 13 | Myanmar | USD 1.2 mn | 0.2% | USD 3.0 mn | 9.4% |
| 14 | Australia | USD 1.0 mn | 0.2% | USD 2.7 mn | 10.0% |
| 15 | Canada | USD 0.90 mn | 0.1% | USD 2.2 mn | 9.2% |
| 16 | Poland | USD 0.84 mn | 0.1% | USD 2.2 mn | 10.0% |
| 17 | Mexico | USD 0.77 mn | 0.1% | USD 2.0 mn | 10.0% |
| 18 | Netherlands | USD 0.71 mn | 0.1% | USD 1.7 mn | 9.0% |
| 19 | Austria | USD 0.64 mn | 0.1% | USD 1.5 mn | 8.8% |
| 20 | Czech Republic | USD 0.64 mn | 0.1% | USD 1.5 mn | 8.8% |
| 21 | Israel | USD 0.58 mn | 0.09% | USD 1.5 mn | 10.0% |
| 22 | Philippines | USD 0.58 mn | 0.09% | USD 1.7 mn | 11.2% |
| 23 | Turkey | USD 0.52 mn | 0.08% | USD 1.3 mn | 10.0% |
| 24 | Hungary | USD 0.52 mn | 0.08% | USD 1.2 mn | 8.5% |
| 25 | Sweden | USD 0.52 mn | 0.08% | USD 1.2 mn | 8.5% |
| Rest of world | USD 6.0 mn | 0.9% | USD 15 mn | 9.4% |
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.
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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