The Global Praseodymium Oxide Market was valued at USD 258.7 Million in 2024 and is projected to reach USD 421.3 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period (2024–2030). This robust growth is being driven by the rapidly expanding clean energy sector, rising demand for high-performance magnets in electric vehicle and wind turbine applications, and the accelerating adoption of praseodymium in advanced ceramic pigments and petroleum catalysts.

As the clean technology and electronics industries continue their global expansion, the demand for high-purity rare earth materials has intensified. In this blog, we profile the Top 10 Companies in the Praseodymium Oxide Industry—a strategic mix of global rare earth leaders, integrated manufacturers, and specialty chemical suppliers shaping the future of this critical materials market.

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🔟 1. China Northern Rare Earth (Group) High-Tech Co., Ltd.

Headquarters: Baotou, Inner Mongolia, China
Key Offering: Praseodymium Oxide 99%-99.999%

China Northern Rare Earth is one of the world’s largest producers of light rare earth elements, including praseodymium oxide. Operating one of the world’s largest rare earth production bases in Baotou, the company maintains a dominant position in the global supply chain for high-purity rare earth oxides used in magnets, catalysts, and optical materials.

Strategic Initiatives:

• Extensive vertical integration from mining to separation

• Strategic focus on supplying the permanent magnet and catalyst industries

• Continuous R&D investment in rare earth purification and application technologies

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Praseodymium Oxide Market – View in Detailed Research Report

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9️⃣ 2. Metall Rare Earth Limited (MREL)

Headquarters: Shenzhen, Guangdong, China
Key Offering: Praseodymium Oxide 99.9%-99.999%

MREL is a prominent global supplier of high-purity rare earth materials, with praseodymium oxide playing an essential role in their product portfolio.

Strategic Initiatives:

• Specialization in ultra-high purity rare earth oxides (up to 99.999%)

• Strong presence in European and North American specialty chemical markets

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8️⃣ 3. Lynas Rare Earths Ltd.

Headquarters: Sydney, New South Wales, Australia
Key Offering: Praseodymium Oxide 99.5%-99.999%

Lynas operates one of the largest rare earth separation plants outside China. The company’s praseodymium oxide production supports the growing demand for NdFeB magnets and advanced ceramics.

Strategic Initiatives:

• Strategic expansion of processing capacity to 10,500 tonnes per year by 2025

• Strategic partnerships with magnet manufacturers and clean energy companies

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7️⃣ 4. Ganzhou Qiandong Rare Earth Group Co., Ltd.

Headquarters: Ganzhou, Jiangxi, China
Key Offering: Praseodymium Oxide 99%-99.99%

Ganzhou Qiandong is a key player in China’s southern ion-adsorption clay rare earth sector. The company specializes in medium and heavy rare earth elements alongside praseodymium production.

Strategic Initiatives:

• Integration across the entire rare earth value chain

• Focus on sustainable mining practices and environmental protection

Download FREE Sample Report:
Praseodymium Oxide Market – View in Detailed Research Report

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6️⃣ 5. Smart Metal Limited

Headquarters: Shenzhen, Guangdong, China
Key Offering: Praseodymium Oxide 99.9%-99.999%

Smart Metal Limited specializes in the production and distribution of high-purity rare earth oxides. The company has established itself as a reliable supplier to the global magnet and catalyst industries with consistent product quality.

Strategic Initiatives:

• Advanced quality control systems ensuring consistent product specifications

• Customized material solutions for specific application requirements

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5️⃣ 6. Changzhou Mingzhu Rare-earth Co., Ltd.

Headquarters: Changzhou, Jiangsu, China
Key Offering: Praseodymium Oxide 99%-99.99%

Changzhou Mingzhu operates a sophisticated rare earth separation facility with capabilities across the entire light rare earth spectrum.

Strategic Initiatives:

• Focus on energy-efficient separation technologies and waste reduction

• Strong technical service capabilities supporting customer application development

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4️⃣ 7. Uranus Chemical

Headquarters: Newark, New Jersey, USA
Key Offering: Praseodymium Oxide 99.9%-99.999%

Uranus Chemical has established itself as a significant North American supplier of high-purity rare earth oxides and other specialty inorganic chemicals.

Strategic Initiatives:

• Broad distribution network across North America and Europe

• Technical expertise in rare earth applications across multiple industrial sectors

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3️⃣ 8. Guangzhou KEHONG Rare Earths & New Materials Co., Ltd.

Headquarters: Guangzhou, Guangdong, China
Key Offering: Praseodymium Oxide 99%-99.999%

KEHONG focuses on the development and production of high value-added rare earth materials with applications in electronics, energy storage, and environmental protection.

Strategic Initiatives:

• Specialization in customized rare earth compounds for niche applications

• Continuous investment in R&D for new rare earth applications and processing technologies

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2️⃣ 9. Gerhold Chemetals

Headquarters: Deer Park, Texas, USA
Key Offering: Praseodymium Oxide 99.9%-99.999%

Gerhold Chemetals specializes in high-purity metals and rare earth compounds, supplying research institutions and high-tech industries globally.

Strategic Initiatives:

• Focus on high-margin specialty chemical segments

• Strong technical support capabilities for research and development applications

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1️⃣ 10. Sparrowchem

Headquarters: New York, New York, USA
Key Offering: Praseodymium Oxide 99.99%-99.999%

Sparrowchem is a specialized chemical supplier with a focus on rare earth compounds and other high-purity materials for research and industrial applications.

Strategic Initiatives:

• Distribution partnerships with leading research institutions and industrial manufacturers

• Inventory optimization strategies to ensure consistent supply of critical materials

Get Full Report Here:
Praseodymium Oxide Market – View in Detailed Research Report

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🌍 Outlook: The Future of Praseodymium Oxide in the Clean Energy Transition

The praseodymium oxide market is experiencing transformative growth driven by the global transition to clean energy and advanced technologies. As demand for high-performance magnets, catalysts, and advanced materials continues to accelerate across multiple sectors, the strategic importance of praseodymium in the global materials supply chain continues to intensify.

📈 Key Trends Shaping the Market:

• Rapid expansion of electric vehicle production driving demand for NdFeB magnets

• Growing wind energy sector requiring high-performance permanent magnet generators

• Increasing demand for high-purity ceramic pigments in electronics and construction

• Geopolitical focus on securing non-Chinese rare earth supply chains

Get Full Report Here:
Praseodymium Oxide Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials—they’re powering the global transition to clean energy and advanced technologies.