Rare Earth Elements Market by Product (Oxides/ Ore, Pure/ Extracted Metals), Type (Cerium Oxide, Dysprosium Oxide, Europium Oxide), Application - Global Forecast 2024-2030


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Rare Earth Elements Market by Product (Oxides/ Ore, Pure/ Extracted Metals), Type (Cerium Oxide, Dysprosium Oxide, Europium Oxide), Application - Global Forecast 2024-2030


The Rare Earth Elements Market size was estimated at USD 7.76 billion in 2023 and expected to reach USD 8.82 billion in 2024, at a CAGR 13.94% to reach USD 19.38 billion by 2030.

Global Rare Earth Elements Market

The rare earth elements comprise metallic elements included in the periodic table's lanthanide series, along with scandium and yttrium. These elements are pivotal due to their specialized magnetic, phosphorescent, and catalytic properties. They are essential components in a wide range of high-technology applications and critical for advancing and sustaining global innovations in clean energy technologies, electronics, defense, manufacturing, and healthcare. Technology innovation propels demand for rare earth elements in high-tech applications and products, including smartphones and EVs. Further government investments & policies supporting the clean energy & defense sector are boosting the demand for these elements. However, the concentration of supply in a few countries leading to market & price volatility and environmental concerns related to the mining & processing of these elements may hamper the market's growth. Nevertheless, technological improvement to explore and extract rare earth elements more efficiently and sustainably and develop cost-effective recycling processes is expected to create growth prospects for the market.

Regional Insights

The Americas region depicts strong growth for rare earth materials in the face of green energy initiatives focused on renewable energy sources, considering the production of wind turbines and electric vehicles drives demand. Further, the proliferation of numerous high-tech industries, from aerospace to consumer electronics utilize rare earth elements for their magnetic, luminescent, and electrical properties is adding to the market's growth. In the EMEA region, Europe is at the forefront of the energy transition towards a more sustainable future, leading to increased investment in renewable energy infrastructure, such as wind turbines, which boost the application of rare earth materials. Furthermore, The European Union has developed various regulations for secure & stable supply of rare earth elements and reduced dependency on imports due to the critical nature of these materials for the European industry. The Asia Pacific region showcases an opportunistic landscape for the market due to the extensive industrial sector that requires substantial amounts of these elements to produce consumer goods. APAC countries are global hubs for the electronics manufacturing industry, which extensively uses rare earth elements to produce smartphones, computers, and other devices. With significant investments in the automotive sector from major economies, especially in electric vehicles (EVs), demand for rare earth elements in EV batteries and motors is rising.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Rare Earth Elements Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Rare Earth Elements Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Rare Earth Elements Market, highlighting leading vendors and their innovative profiles. These include Alkane Resources Ltd., American Rare Earths Limited, Arafura Resources Ltd., Avalon Advanced Materials Inc., Canada Rare Earth Corporation, China Rare Earth Holdings Limited, Energy Transition Minerals Ltd, Eutectix, LLC by Molycorp Inc., Frontier Rare Earths Limited, Iluka Resource Ltd., IREL Limited, Lynas Corporation Ltd., Medallion Resources Ltd., Minmetals Land Limited, Mitsubishi Corporation, NEO Materials, Northern Minerals Limited, Peak Rare Earths, Rare Element Resources Ltd., Rio Tinto Group, Shin-Etsu Chemical Co. Ltd., Ucore Rare Metals Inc., and Xiamen Tungsten Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Rare Earth Elements Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Oxides/ Ore
Pure/ Extracted Metals
Type
Cerium Oxide
Dysprosium Oxide
Europium Oxide
Gadolinium Oxide
Lanthanum Oxide
Neodymium Oxide
Praseodymium Oxide
Samarium Oxide
Terbium Oxide
Yttrium Oxide
Application
Catalysts
Ceramics
Glass Additives
Glass Polishing
Metal Alloys
Permanent Magnets
Phosphors
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Rare Earth Elements Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Rare Earth Elements Market?
3. What are the technology trends and regulatory frameworks in the Rare Earth Elements Market?
4. What is the market share of the leading vendors in the Rare Earth Elements Market?
5. Which modes and strategic moves are suitable for entering the Rare Earth Elements Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Rare Earth Elements Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing use of rare earth elements in consumer electronics
5.1.1.2. Growing investments in hybrid and electric car production and deployment
5.1.1.3. Rising infrastructure development and demand for steel alloys
5.1.2. Restraints
5.1.2.1. High cost associated with extraction and purification
5.1.3. Opportunities
5.1.3.1. Potential developments of new mines and processing plants
5.1.3.2. Technological advancements in the purification of rare earth elements
5.1.4. Challenges
5.1.4.1. Problems associated with toxicity and contamination
5.2. Market Segmentation Analysis
5.2.1. Product: Burgeoning preference for oxides owing to their high-technology applications
5.2.2. Type: Increasing adoption of dysprosium oxide provides resistance to demagnetization at high temperatures
5.2.3. Application: Evolving utilization of rare earth elements as catalysts
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Rare Earth Elements Market, by Product
6.1. Introduction
6.2. Oxides/ Ore
6.3. Pure/ Extracted Metals
7. Rare Earth Elements Market, by Type
7.1. Introduction
7.2. Cerium Oxide
7.3. Dysprosium Oxide
7.4. Europium Oxide
7.5. Gadolinium Oxide
7.6. Lanthanum Oxide
7.7. Neodymium Oxide
7.8. Praseodymium Oxide
7.9. Samarium Oxide
7.10. Terbium Oxide
7.11. Yttrium Oxide
8. Rare Earth Elements Market, by Application
8.1. Introduction
8.2. Catalysts
8.3. Ceramics
8.4. Glass Additives
8.5. Glass Polishing
8.6. Metal Alloys
8.7. Permanent Magnets
8.8. Phosphors
9. Americas Rare Earth Elements Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Rare Earth Elements Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Rare Earth Elements Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Agreement, Collaboration, & Partnership
12.3.1.1. Rainbow, Mosaic Partner on Rare Earths Extraction in Brazil
12.3.2. Award, Recognition, & Expansion
12.3.2.1. China Boosts Rare Earth Production To Bolster Booming EV Industry
12.3.2.2. India Discovers Rare Earth Elements Critical For Self-Reliance in Defence, Aerospace
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Alkane Resources Ltd.
13.1.2. American Rare Earths Limited
13.1.3. Arafura Resources Ltd.
13.1.4. Avalon Advanced Materials Inc.
13.1.5. Canada Rare Earth Corporation
13.1.6. China Rare Earth Holdings Limited
13.1.7. Energy Transition Minerals Ltd
13.1.8. Eutectix, LLC by Molycorp Inc.
13.1.9. Frontier Rare Earths Limited
13.1.10. Iluka Resource Ltd.
13.1.11. IREL Limited
13.1.12. Lynas Corporation Ltd.
13.1.13. Medallion Resources Ltd.
13.1.14. Minmetals Land Limited
13.1.15. Mitsubishi Corporation
13.1.16. NEO Materials
13.1.17. Northern Minerals Limited
13.1.18. Peak Rare Earths
13.1.19. Rare Element Resources Ltd.
13.1.20. Rio Tinto Group
13.1.21. Shin-Etsu Chemical Co. Ltd.
13.1.22. Ucore Rare Metals Inc.
13.1.23. Xiamen Tungsten Co., Ltd.
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. RARE EARTH ELEMENTS MARKET RESEARCH PROCESS
FIGURE 2. RARE EARTH ELEMENTS MARKET SIZE, 2023 VS 2030
FIGURE 3. RARE EARTH ELEMENTS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. RARE EARTH ELEMENTS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. RARE EARTH ELEMENTS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. RARE EARTH ELEMENTS MARKET DYNAMICS
FIGURE 7. RARE EARTH ELEMENTS MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
FIGURE 8. RARE EARTH ELEMENTS MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. RARE EARTH ELEMENTS MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 10. RARE EARTH ELEMENTS MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. RARE EARTH ELEMENTS MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. RARE EARTH ELEMENTS MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS RARE EARTH ELEMENTS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS RARE EARTH ELEMENTS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES RARE EARTH ELEMENTS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES RARE EARTH ELEMENTS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC RARE EARTH ELEMENTS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC RARE EARTH ELEMENTS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA RARE EARTH ELEMENTS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA RARE EARTH ELEMENTS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. RARE EARTH ELEMENTS MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. RARE EARTH ELEMENTS MARKET SHARE, BY KEY PLAYER, 2023

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