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Terbium Market Size, Share and Forecast 2026-2036

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.

USD 654 mnMarket size 2026
USD 1.5 bnForecast 2036
8.5%CAGR 2026-2036
ChinaLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

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.

ScopeTerbium oxide, metal and alloys used mainly in high-temperature neodymium magnets, phosphors and magnetostrictive materials.
IndustryChemicals and Materials
Value 2025USD 600 mn
Value 2026USD 654 mn
Value 2036USD 1.5 bn
CAGR 2026-20368.5%
Volume 2026534 tonnes
Volume 2036991 tonnes
Average price 2026USD 1,224,000 per tonne
Report priceStarts from USD 1,999
PublishedNovember 2026

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Terbium market size and forecast, 2026-2036

Exhibit 1The global terbium market is forecast to grow from USD 654 mn in 2026 to USD 1.5 bn by 2036, more than doublingGlobal market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 8.5%
Terbium market value, 2025 to 2036Market value by year. 2025: USD 600 mn; 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. Compound annual growth rate 2026 to 2036: 8.5%.2025654 mn2026983 mn20311.5 bn20368.5% CAGR

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

YearMarket value
2026USD 654 mn
2027USD 710 mn
2028USD 770 mn
2029USD 835 mn
2030USD 906 mn
2031USD 983 mn
2032USD 1.1 bn
2033USD 1.2 bn
2034USD 1.3 bn
2035USD 1.4 bn
2036USD 1.5 bn

Terbium market segmentation

By application

Exhibit 2Permanent magnets is the largest segment by application, with 68.0% of 2026 revenueEstimated share of 2026 global revenue, by application
Terbium market share by application, 2026Share of 2026 revenue by application. Permanent magnets: 68.0%; Phosphors and lighting: 14.0%; Other: 12.0%; Magnetostrictive alloys: 6.0%.Permanent magnets68.0%Phosphors and lighting14.0%Other12.0%Magnetostrictive alloys6.0%

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

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Permanent magnets68.0%77.4%USD 445 mn9.9%
Phosphors and lighting14.0%8.2%USD 92 mn2.9%
Magnetostrictive alloys6.0%4.5%USD 39 mn5.4%
Other12.0%9.9%USD 78 mn6.4%

By form

Exhibit 3Oxide adds the most revenue by form, growing from USD 471 mn in 2026 to USD 1.0 bn by 2036Estimated revenue in USD by form, 2026 and 2036 forecast
Terbium market by form, 2026 and 2036Revenue by form in 2026 and 2036. Oxide: USD 471 mn in 2026, USD 1.0 bn in 2036, change +118%; Metal: USD 118 mn in 2026, USD 295 mn in 2036, change +150%; Alloys and compounds: USD 65 mn in 2026, USD 156 mn in 2036, change +139%.20262036 forecastChangeOxide+118%471 mn1.0 bnMetal+150%118 mn295 mnAlloys and compounds+139%65 mn156 mn

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

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Oxide72.0%69.5%USD 471 mn8.1%
Metal18.0%19.9%USD 118 mn9.6%
Alloys and compounds10.0%10.6%USD 65 mn9.1%

By purity

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Standard (99%)26.0%23.0%USD 170 mn7.2%
High (99.9%)40.0%39.0%USD 262 mn8.2%
Ultra-high (99.99%+)34.0%38.0%USD 222 mn9.7%

By supply source

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Ionic clay concentrate62.0%58.0%USD 405 mn7.8%
Hard rock24.0%26.0%USD 157 mn9.4%
Recycled magnet14.0%16.0%USD 92 mn10.0%

By customer type

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Magnet makers54.0%58.0%USD 353 mn9.3%
Lighting firms18.0%14.0%USD 118 mn5.8%
Magnetostrictive device makers12.0%12.0%USD 78 mn8.5%
Traders and research16.0%16.0%USD 105 mn8.5%

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%.

Exhibit 4China is the largest country market at USD 360 mn in 2026, and the three largest countries hold 75.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Terbium market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 360 mn, 55.0%; Japan: USD 78 mn, 12.0%; United States: USD 52 mn, 8.0%; Germany: USD 39 mn, 6.0%; South Korea: USD 33 mn, 5.0%; India: USD 13 mn, 2.0%; France: USD 13 mn, 2.0%; Taiwan: USD 13 mn, 2.0%; United Kingdom: USD 9.8 mn, 1.5%; Vietnam: USD 9.8 mn, 1.5%.China360 mn 55.0%Japan78 mn 12.0%United States52 mn 8.0%Germany39 mn 6.0%South Korea33 mn 5.0%India13 mn 2.0%France13 mn 2.0%Taiwan13 mn 2.0%United Kingdom9.8 mn 1.5%Vietnam9.8 mn 1.5%

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

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 360 mn55.0%USD 815 mn8.5%
2JapanUSD 78 mn12.0%USD 163 mn7.6%
3United StatesUSD 52 mn8.0%USD 136 mn10.0%
4GermanyUSD 39 mn6.0%USD 84 mn7.9%
5South KoreaUSD 33 mn5.0%USD 71 mn8.1%
6IndiaUSD 13 mn2.0%USD 41 mn12.2%
7FranceUSD 13 mn2.0%USD 25 mn6.8%
8TaiwanUSD 13 mn2.0%USD 25 mn6.8%
9United KingdomUSD 9.8 mn1.5%USD 19 mn7.0%
10VietnamUSD 9.8 mn1.5%USD 25 mn9.9%
11NetherlandsUSD 5.3 mn0.8%USD 12 mn8.6%
12MalaysiaUSD 4.2 mn0.7%USD 9.8 mn8.7%
13ThailandUSD 3.4 mn0.5%USD 7.7 mn8.5%
14CanadaUSD 2.7 mn0.4%USD 6.2 mn8.8%
15PolandUSD 2.2 mn0.3%USD 5.0 mn8.8%
16Czech RepublicUSD 1.7 mn0.3%USD 4.0 mn8.9%
17ItalyUSD 1.4 mn0.2%USD 3.1 mn8.5%
18SwitzerlandUSD 1.1 mn0.2%USD 2.5 mn8.5%
19MexicoUSD 0.92 mn0.1%USD 2.1 mn8.5%
20SwedenUSD 0.72 mn0.1%USD 1.6 mn8.5%
21AustraliaUSD 0.59 mn0.09%USD 1.3 mn8.5%
22BrazilUSD 0.46 mn0.07%USD 1.0 mn8.5%
23AustriaUSD 0.39 mn0.06%USD 0.89 mn8.5%
24IsraelUSD 0.26 mn0.04%USD 0.74 mn10.9%
25TurkeyUSD 0.26 mn0.04%USD 0.59 mn8.5%
Rest of worldUSD 7.1 mn1.1%USD 15 mn7.9%
Exhibit 5China and Japan account for 65% of the USD 825 mn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Terbium market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 654 mn. China: +USD 455 mn; Japan: +USD 84 mn; United States: +USD 84 mn; Germany: +USD 45 mn; South Korea: +USD 38 mn; 20 other countries: +USD 110 mn; Rest of world: +USD 8.1 mn. Market value 2036: USD 1.5 bn.Market value 2026654 mnChina+455 mnJapan+84 mnUnited States+84 mnGermany+45 mnSouth Korea+38 mn20 other countries+110 mnRest of world+8.1 mnMarket value 20361.5 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
  • 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.

Read the full research methodology

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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