Gadolinium Market: Global Industry Analysis and Forecast (2025-2032)

Global Gadolinium Market size was valued at USD 6.38 Billion in 2024 and the total Gadolinium Market revenue is expected to grow at a CAGR of 5.1 % from 2025 to 2032, reaching nearly USD 9.5 Billion.
Gadolinium Market Overview:
Gadolinium is a broadly used element as a disparity agent to enlarge the MRI imaging. This metal is both malleable and ductile, and it is also soft, bright, and silvery in texture. The small quantity of gadolinium can improve the resistance and oxidation of alloy in iron. It is also used as green phosphorus color in color television picture tubes and it is also used in microwaves. Medical equipment, MRI, and diagnosis of cancerous tumors, it is being used for them also for the making of magnets, storage disk, etc.

The report explores the market's segments (Type, Interferometer Type, Application, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the market's contemporary competitive scenario.

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Gadolinium Market Dynamics:
An increase in disposable income and technologies will drive the market for gadolinium in the forecasted period. it is considered a rare-earth metal, but demand-supply for this metal is increasing rapidly due to its higher usage in the healthcare industry. Agreeable government policies and purchasing capacity for gadolinium is influenced the market growth and will expand the market in the forecasted period.

The factors which will threaten the growth of the market are a lack of technical experts and high fluctuation of raw material costs. It is extracted from oxide and salts by heating with calcium at 2640 degrees Celsius. In 2021, the price of iron oxide is U.S.$1.58 per kilogram, and in 2021, the average price of iron oxide is U.S.$0.70 per kilogram. During the COVID-19 pandemic, the supply chain activities have been affected, which is why the market has gone down in the market but it is expected to grow in the forecasted period.

Launching new products with high technologies will create an opportunity for the key players as well as for the market growth. Key players are expanding the industry in the other regions as well and making a good position in the established market. This will increase the size of the market in the forecasted period. The factors which will hamper the market growth In the upcoming years develop privacy and a strong security market and agreements to secure the flow of demand and supply of gadolinium.
Gadolinium Market Segment Analysis:
By Form:

Gadolinium is available in different forms, each serving specific industrial applications. Metallic Gadolinium is primarily utilized in nuclear reactors due to its excellent neutron absorption properties, ensuring controlled fission reactions. Additionally, it plays a crucial role in high-performance electronics, particularly in magnetic refrigeration and advanced sensors. Gadolinium Compounds are widely used in the healthcare sector, especially as contrast agents in MRI scans, enhancing image clarity for better diagnostics. Beyond healthcare, these compounds contribute to chemical processing and luminescent display technologies, expanding their industrial significance. Alloys & Intermetallic of gadolinium enhance strength, thermal resistance, and magnetic performance, making them essential for aerospace, automotive, and electronic applications, particularly in electric vehicle components and high-powered magnets.

By Application:

Gadolinium’s diverse applications drive its demand across multiple industries. Medical Imaging & Contrast Agents account for a major portion of the market, as gadolinium-based compounds improve MRI scans for detecting neurological, cardiovascular, and oncological conditions. Nuclear Reactors rely on gadolinium for control rods and radiation shielding, ensuring efficient and safe energy production. The Magnets & Electronics segment benefits from gadolinium’s ability to enhance rare-earth magnets used in electric motors, sensors, and data storage devices. Additionally, Catalysts & Chemical Processing leverage gadolinium for petrochemical refining and industrial processes, improving efficiency in polymer and fuel production. The Optical & Laser Materials sector utilizes gadolinium in X-ray imaging, LED displays, and high-precision laser applications, contributing to advancements in healthcare, Defense, and telecommunications.

By End Use Industry:

Gadolinium plays a crucial role across several industries due to its unique chemical and physical properties. Healthcare is the largest consumer, with its primary use in MRI contrast agents improving medical imaging accuracy and early disease detection. Energy & Power sectors use gadolinium in nuclear reactors, ensuring reactor safety and efficiency, especially as global nuclear energy investments grow. The Electronics & Telecommunications industry benefits from its applications in data storage, computing devices, and 5G network advancements. In Automotive & Aerospace, gadolinium-based alloys enhance durability, making them essential for electric vehicle motors and aircraft components. Lastly, the Chemical Industry relies on gadolinium for catalysts that improve efficiency in refining and specialty chemical production, supporting industrial advancements in sustainable chemical processing.
Gadolinium Market Regional Insights:
 The North American region is expected to witness significant growth at a CAGR of 6.2% through the forecast period.

The North American region is dominated the gadolinium market by 2024 because of the advanced technology and higher user of gadolinium in medical equipment. APAC region has also driven the market of gadolinium market because of the increase in the demand for nuclear energy, in Japan and China. And also, because the potential of an energy crisis grows, many economies boosted their investment in the nuclear energy sector.in Europe, because of the rapid exhaustion of renewable resources, consumers are moving toward sustainable resources. This will boost the market in the forecasted period.

The objective of the report is to present a comprehensive analysis of the global Gadolinium Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Gadolinium Market dynamic, and structure by analyzing the market segments and projecting the Gadolinium Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Gadolinium Market make the report investor’s guide.
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Global Gadolinium Market


Report Coverage
Details


Base Year:
2024
Forecast Period:
2025-2032


Historical Data:
2019 to 2024
Market Size in 2024:
USD 6.38 Bn.


Forecast Period 2025 to 2032 CAGR:
5.1%
Market Size in 2032:
USD 9.5 Bn.


 Segments Covered:
by Form
Metallic Gadolinium
Gadolinium Compounds
Alloys & Intermetallic


by Application
Medical Imaging & Contrast Agents
Nuclear Reactors
Magnets & Electronics
Catalysts & Chemical Processing
Optical & Laser Materials


by End Use Industry
Healthcare
Energy & Power
Electronics & Telecommunications
Automotive & Aerospace
Chemical Industry



Gadolinium Market,by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Gadolinium Market, Key Players
1. Vizag Chemical
2. Star Earth Minerals Pvt. Ltd.
3. Indian Platinum Pvt.Ltd.
4. Otto Chemie Pvt Ltd.
5. CDH Fine Chemical.
6. Alpha Chemika
7. Indian Rare Earths Limited (IREL).
8. Nimeru Health Care & Cosmetic Pvt. Ltd.
9. Rainbow Rare Earths Ltd
10. HEFA Rare Earth Canada Co. Ltd.

Frequently Asked Questions:

1. Which region has the largest share in Global Gadolinium Market?
Ans: North America region held the highest share in 2024.

2. What is the growth rate of Global Gadolinium Market?
Ans: The Global Gadolinium Market is growing at a CAGR of 5.1% during forecasting period 2025-2032

3. What is scope of the Global Gadolinium Market report?
Ans: Global Gadolinium Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Gadolinium Market?
Ans: The important key players in the Global Gadolinium Market are – Goodfellow Corporation, GFS Chemicals, Inc., All- Chemie, Ltd., Pascals Technologies, Inc., Fredericksburg, VA Alfa Chemical Corporation, Molycorp, Super Conductor Materials, Inc., Inorganic Ventures, Molycorp Corporation, Canada Rare Earth Corporation, HEFA rare Earth Canada co., and Ltd.

5. What is the study period of this Market?
Ans: The Global Gadolinium Market is studied from 2024 to 2032.