Market overview
The global terbium market is worth USD 654 mn in 2026 and is forecast to reach USD 1.5 bn by 2036, growing at a 8.5% CAGR. China is the largest country market and Permanent magnets is the largest by application segment.
| Scope | Terbium oxide, metal and alloys used mainly in high-temperature neodymium magnets, phosphors and magnetostrictive materials. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 600 mn |
| Value 2026 | USD 654 mn |
| Value 2036 | USD 1.5 bn |
| CAGR 2026-2036 | 8.5% |
| Volume 2026 | 534 tonnes |
| Volume 2036 | 991 tonnes |
| Average price 2026 | USD 1,224,000 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Terbium market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 654 mn |
| 2027 | USD 710 mn |
| 2028 | USD 770 mn |
| 2029 | USD 835 mn |
| 2030 | USD 906 mn |
| 2031 | USD 983 mn |
| 2032 | USD 1.1 bn |
| 2033 | USD 1.2 bn |
| 2034 | USD 1.3 bn |
| 2035 | USD 1.4 bn |
| 2036 | USD 1.5 bn |
Terbium market segmentation
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 | 68.0% | 77.4% | USD 445 mn | 9.9% |
| Phosphors and lighting | 14.0% | 8.2% | USD 92 mn | 2.9% |
| Magnetostrictive alloys | 6.0% | 4.5% | USD 39 mn | 5.4% |
| Other | 12.0% | 9.9% | USD 78 mn | 6.4% |
By form
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Oxide | 72.0% | 69.5% | USD 471 mn | 8.1% |
| Metal | 18.0% | 19.9% | USD 118 mn | 9.6% |
| Alloys and compounds | 10.0% | 10.6% | USD 65 mn | 9.1% |
By purity
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Standard (99%) | 26.0% | 23.0% | USD 170 mn | 7.2% |
| High (99.9%) | 40.0% | 39.0% | USD 262 mn | 8.2% |
| Ultra-high (99.99%+) | 34.0% | 38.0% | USD 222 mn | 9.7% |
By supply source
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Ionic clay concentrate | 62.0% | 58.0% | USD 405 mn | 7.8% |
| Hard rock | 24.0% | 26.0% | USD 157 mn | 9.4% |
| Recycled magnet | 14.0% | 16.0% | USD 92 mn | 10.0% |
By customer type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Magnet makers | 54.0% | 58.0% | USD 353 mn | 9.3% |
| Lighting firms | 18.0% | 14.0% | USD 118 mn | 5.8% |
| Magnetostrictive device makers | 12.0% | 12.0% | USD 78 mn | 8.5% |
| Traders and research | 16.0% | 16.0% | USD 105 mn | 8.5% |
Top 25 countries for terbium by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 95.0% of 2026 revenue and the 25 countries below together hold 98.9%.
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 360 mn | 55.0% | USD 815 mn | 8.5% |
| 2 | Japan | USD 78 mn | 12.0% | USD 163 mn | 7.6% |
| 3 | United States | USD 52 mn | 8.0% | USD 136 mn | 10.0% |
| 4 | Germany | USD 39 mn | 6.0% | USD 84 mn | 7.9% |
| 5 | South Korea | USD 33 mn | 5.0% | USD 71 mn | 8.1% |
| 6 | India | USD 13 mn | 2.0% | USD 41 mn | 12.2% |
| 7 | France | USD 13 mn | 2.0% | USD 25 mn | 6.8% |
| 8 | Taiwan | USD 13 mn | 2.0% | USD 25 mn | 6.8% |
| 9 | United Kingdom | USD 9.8 mn | 1.5% | USD 19 mn | 7.0% |
| 10 | Vietnam | USD 9.8 mn | 1.5% | USD 25 mn | 9.9% |
| 11 | Netherlands | USD 5.3 mn | 0.8% | USD 12 mn | 8.6% |
| 12 | Malaysia | USD 4.2 mn | 0.7% | USD 9.8 mn | 8.7% |
| 13 | Thailand | USD 3.4 mn | 0.5% | USD 7.7 mn | 8.5% |
| 14 | Canada | USD 2.7 mn | 0.4% | USD 6.2 mn | 8.8% |
| 15 | Poland | USD 2.2 mn | 0.3% | USD 5.0 mn | 8.8% |
| 16 | Czech Republic | USD 1.7 mn | 0.3% | USD 4.0 mn | 8.9% |
| 17 | Italy | USD 1.4 mn | 0.2% | USD 3.1 mn | 8.5% |
| 18 | Switzerland | USD 1.1 mn | 0.2% | USD 2.5 mn | 8.5% |
| 19 | Mexico | USD 0.92 mn | 0.1% | USD 2.1 mn | 8.5% |
| 20 | Sweden | USD 0.72 mn | 0.1% | USD 1.6 mn | 8.5% |
| 21 | Australia | USD 0.59 mn | 0.09% | USD 1.3 mn | 8.5% |
| 22 | Brazil | USD 0.46 mn | 0.07% | USD 1.0 mn | 8.5% |
| 23 | Austria | USD 0.39 mn | 0.06% | USD 0.89 mn | 8.5% |
| 24 | Israel | USD 0.26 mn | 0.04% | USD 0.74 mn | 10.9% |
| 25 | Turkey | USD 0.26 mn | 0.04% | USD 0.59 mn | 8.5% |
| Rest of world | USD 7.1 mn | 1.1% | USD 15 mn | 7.9% |
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
- Xiamen Tungsten
Group 2: Regional and specialist players
- Neo Performance Materials
- Solvay
- Shin-Etsu Chemical
- Santoku Corporation
- Treibacher Industrie
Group 3: Emerging and niche players
- Energy Fuels
- Ionic Rare Earths
- Ucore Rare Metals
- Aclara Resources
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 terbium 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 8.5% is calculated from the resulting values.
The market is divided by application, by form, by purity, by supply source, by customer type. 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 terbium market?
The global terbium market is estimated at USD 600 mn in 2025 and USD 654 mn in 2026.
How fast will the terbium market grow?
It is forecast to reach USD 1.5 bn by 2036, a compound annual growth rate of 8.5% from 2026, an increase of USD 825 mn.
Which country is the largest market for terbium?
China is the largest market by revenue at USD 360 mn in 2026, 55.0% of the global total. The three largest countries together hold 75.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 12.2% a year from 2026 to 2036.
Which terbium segment is largest?
In the by application split, Permanent magnets is the largest segment with 68.0% of 2026 revenue.
Who are the leading terbium companies?
Global leaders include China Northern Rare Earth, China Rare Earth Group, Shenghe Resources, Lynas Rare Earths.
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