Rare Earth Elements Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	160 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224287

Best Price Guarantee
Price	from $4,850
Length	160 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224287

Rare Earth Elements Market

Growth Factors of Rare Earth Elements Market

The rare earth elements market size was valued at USD 3.39 billion in 2023, and the market is now projected to grow from USD 3.74 billion in 2024 to USD 8.14 billion by 2032, exhibiting a CAGR of 10.2% during the forecast period of 2024-2032.

The COVID-19 outbreak significantly disrupted the rare earth elements market growth and consequently imposed supply limitations to industries including automotive and electronics that rely on these minerals to make alloys. Cars and electronics, such as infotainment systems and permanent magnetic attractions in automobiles and other accessories reduced during the period. On the other hand, new orders from manufacturing ventilators and electric vehicles have improved from 2.2 million units in 2019 to 3.1 million units in 2020 reducing the situation.

The growing demand for cerium, lanthanum & europium in automobile, electronics, communication technology, aerospace & wind energy sectors is expected to drive the rare earth elements market share. Cerium used in polishing display panels and magnetic disks, is in demand in electronics. Moreover using elements such as lanthanum and samarium in batteries, lasers and optical electronics.

Further, the increasing application of lithium-ion batteries across the automotive industry and consumer electronics segments also motivates the rare earth elements market’s growth. These batteries are utilized in EVs due to their high energy density, while the global stock of electric cars stood at USD 4.79 million in 2019. Lithium-ion batteries also find applications in electronics laptops and mobile phones, thus contributing to market growth.

Comprehensive Analysis of Rare Earth Elements Market

The rare earth elements market and chemicals & advanced materials industry is rising exponentially due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the metals & minerals industry. These segmentations are methodically segregated by types and by applications. The types include, Lanthanum, Cerium, Neodymium, Praseodymium, Samarium, Europium and Others. The applications include, Magnets, Metallurgy, Batteries, Polishing Agent, Glass and Ceramics, Catalyst, Phosphors and Others.

Asia Pacific led the rare earth elements market with USD 2.92 billion in 2023 and is expected to maintain dominance due to its strong consumer electronics sector. As a key manufacturing hub for automotive and electronics industries, China significantly drives regional growth. Additionally, increased industrialization and construction in China and India further boost market expansion.

The top players in the market play a crucial role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include, Baotou Rare Earth (China), China Minmetal Rare Earth (China), Avalon Advanced Materials (Canada), IREL (India), Metall Rare Earth Limited (China), Arafura Resources (Australia), Canada Rare Earth Corporation (Canada), Lynas Corporation (Australia), Northern Minerals (Australia) and Greenland Minerals Limited (Australia). These market players provide a level-playing competitive landscape.

Segmentation Table

Global Rare Earth Elements Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 10.2% from 2024 to 2032

Historical Period 2019-2022

Unit Volume (Kiloton); Value (USD Billion)

Segmentation By Type, Application, and Region

By Type

Lanthanum

Cerium
Neodymium
Praseodymium
Samarium
Europium
Others

By Application

Magnets

Metallurgy
Batteries
Polishing Agent
Glass and Ceramics
Catalysts
Phosphors
Others

By Region

North America (By Type, By Application, By Country)

U.S.
Canada
Europe (By Type, By Application, By Country)
Germany
U.K.
France
Rest of Europe
Asia Pacific (By Type, By Application, By Country)
China
Japan
India
Rest of Asia Pacific
South America (By Type, By Application, By Country)
Brazil
Rest of South America
The Middle East and Africa (By Type, By Application, By Country)
Saudi Arabia
Rest of the Middle East & Africa

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities; 3.4. Emerging Trends
4. Key Insights: 4.1. Key Market Trends in the Global Market; 4.2. Key Developments: Mergers, Acquisition, Partnership, etc. .; 4.3. Latest Technological Advancement; 4.4. Insights on Regulatory Scenario; 4.5. Porters Five Forces Analysis; 4.6. Impact of COVID 19 on Global Rare Earth Elements Market
5. Global Rare Earth Elements Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. By Type; 5.2.1. Lanthanum; 5.2.2. Cerium; 5.2.3. Neodymium; 5.2.4. Praseodymium; 5.2.5. Samarium; 5.2.6. Europium; 5.2.7. Others; 5.3. By Application; 5.3.1. Magnets; 5.3.2. Metallurgy; 5.3.3. Batteries; 5.3.4. Polishing Agent; 5.3.5. Glass and Ceramics; 5.3.6. Catalysts; 5.3.7. Phosphors; 5.3.8. Others; 5.4. By Region; 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. South America; 5.4.5. Middle East & Africa
6. North America Rare Earth Elements Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. By Type; 6.2.1. Lanthanum; 6.2.2. Cerium; 6.2.3. Neodymium; 6.2.4. Praseodymium; 6.2.5. Samarium; 6.2.6. Europium; 6.2.7. Others; 6.3. By Application; 6.3.1. Magnets; 6.3.2. Metallurgy; 6.3.3. Batteries; 6.3.4. Polishing Agent; 6.3.5. Glass and Ceramics; 6.3.6. Catalysts; 6.3.7. Phosphors; 6.3.8. Others; 6.4. By Country; 6.4.1. U.S.; 6.4.2. Canada
7. Europe Rare Earth Elements Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. By Type; 7.2.1. Lanthanum; 7.2.2. Cerium; 7.2.3. Neodymium; 7.2.4. Praseodymium; 7.2.5. Samarium; 7.2.6. Europium; 7.2.7. Others; 7.3. By Application; 7.3.1. Magnets; 7.3.2. Metallurgy; 7.3.3. Batteries; 7.3.4. Polishing Agent; 7.3.5. Glass and Ceramics; 7.3.6. Catalysts; 7.3.7. Phosphors; 7.3.8. Others; 7.4. By Country; 7.4.1. Germany; 7.4.2. France; 7.4.3. U.K.; 7.4.4. Rest of Europe
8. Asia-Pacific Rare Earth Elements Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. By Type; 8.2.1. Lanthanum; 8.2.2. Cerium; 8.2.3. Neodymium; 8.2.4. Praseodymium; 8.2.5. Samarium; 8.2.6. Europium; 8.2.7. Others; 8.3. By Application; 8.3.1. Magnets; 8.3.2. Metallurgy; 8.3.3. Batteries; 8.3.4. Polishing Agent; 8.3.5. Glass and Ceramics; 8.3.6. Catalysts; 8.3.7. Phosphors; 8.3.8. Others; 8.4. By Country; 8.4.1. China; 8.4.2. Japan; 8.4.3. India; 8.4.4. Rest of Asia-Pacific
9. South America Rare Earth Elements Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. By Type; 9.2.1. Lanthanum; 9.2.2. Cerium; 9.2.3. Neodymium; 9.2.4. Praseodymium; 9.2.5. Samarium; 9.2.6. Europium; 9.2.7. Others; 9.3. By Application; 9.3.1. Magnets; 9.3.2. Metallurgy; 9.3.3. Batteries; 9.3.4. Polishing Agent; 9.3.5. Glass and Ceramics; 9.3.6. Catalysts; 9.3.7. Phosphors; 9.3.8. Others; 9.4. By Country; 9.4.1. Brazil; 9.4.2. Rest of South America
10. Middle East & Africa Rare Earth Elements Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. By Type; 10.2.1. Lanthanum; 10.2.2. Cerium; 10.2.3. Neodymium; 10.2.4. Praseodymium; 10.2.5. Samarium; 10.2.6. Europium; 10.2.7. Others; 10.3. By Application; 10.3.1. Magnets; 10.3.2. Metallurgy; 10.3.3. Batteries; 10.3.4. Polishing Agent; 10.3.5. Glass and Ceramics; 10.3.6. Catalysts; 10.3.7. Phosphors; 10.3.8. Others; 10.4. By Country; 10.4.1. Saudi Arabia; 10.4.2. Rest of the Middle East & Africa
11. Competitive Landscape: 11.1. Market Share/Ranking Analysis, By Key Manufacturers; 11.2. Company Profiles; 11.2.1. Baotou Rare Earth; 11.2.1.1. Overview; 11.2.1.2. Description; 11.2.1.3. Product Portfolio; 11.2.1.4. Financials (Data as available in public domain and/or on paid databases); 11.2.1.5. Recent DevelopHouseholdts; 11.2.2. China Minmetal Rare Earth; 11.2.2.1. Overview; 11.2.2.2. Description; 11.2.2.3. Product Portfolio; 11.2.2.4. Financials (Data as available in public domain and/or on paid databases); 11.2.2.5. Recent DevelopHouseholdts; 11.2.3. Avalon Advanced Materials; 11.2.3.1. Overview; 11.2.3.2. Description; 11.2.3.3. Product Portfolio; 11.2.3.4. Financials (Data as available in public domain and/or on paid databases); 11.2.3.5. Recent DevelopHouseholdts; 11.2.4. IREL; 11.2.4.1. Overview; 11.2.4.2. Description; 11.2.4.3. Product Portfolio; 11.2.4.4. Financials (Data as available in public domain and/or on paid databases); 11.2.4.5. Recent DevelopHouseholdts; 11.2.5. Metall Rare Earth Limited; 11.2.5.1. Overview; 11.2.5.2. Description; 11.2.5.3. Product Portfolio; 11.2.5.4. Financials (Data as available in public domain and/or on paid databases); 11.2.5.5. Recent DevelopHouseholdts; 11.2.6. Arafura Resources; 11.2.6.1. Overview; 11.2.6.2. Description; 11.2.6.3. Product Portfolio; 11.2.6.4. Financials (Data as available in public domain and/or on paid databases); 11.2.6.5. Recent DevelopHouseholdts; 11.2.7. Canada Rare Earth Corporation; 11.2.7.1. Overview; 11.2.7.2. Description; 11.2.7.3. Product Portfolio; 11.2.7.4. Financials (Data as available in public domain and/or on paid databases); 11.2.7.5. Recent DevelopHouseholdts; 11.2.8. Northern Minerals; 11.2.8.1. Overview; 11.2.8.2. Description; 11.2.8.3. Product Portfolio; 11.2.8.4. Financials (Data as available in public domain and/or on paid databases); 11.2.8.5. Recent DevelopHouseholdts; 11.2.9. Greenland Minerals Limited; 11.2.9.1. Overview; 11.2.9.2. Description; 11.2.9.3. Product Portfolio; 11.2.9.4. Financials (Data as available in public domain and/or on paid databases); 11.2.9.5. Recent DevelopHouseholdts
12. Strategic Recommendations: 13.