Global Heavy Rare Earth Elements Market Growth 2025-2031

Global Heavy Rare Earth Elements Market Growth 2025-2031

The global Heavy Rare Earth Elements market size is predicted to grow from US$ 1571 million in 2025 to US$ 2314 million in 2031; it is expected to grow at a CAGR of 6.7% from 2025 to 2031.

Heavy rare earth elements are defined by their higher atomic weights relative to light rare earths. They are less common, and some elements within the group are facing shortages as demand outpaces supply. That typically makes them more valuable than light rare earths, though they also have smaller markets. The full list of heavy rare earths is dysprosium, gadolinium, terbium, holmium, erbium, thulium, ytterbium, yttrium and lutetium.

Global key players of Heavy Rare Earth Elements include China Rare Earth Group, Xiamen Tungsten Industry, Shenghe Resources Holdings, Northern Minerals, etc. The top four players hold a share over 73%. Asia-Pacific is the largest market, which has a share about 63%, followed by North America and Europe with a market share of 21% and 14%, respectively. In terms of product type, Dysprosium is the largest segment, occupied for a share of 54%. And in terms of application, Magnets is the largest segment, which has a share about 65%.

LP Information, Inc. (LPI) ' newest research report, the “Heavy Rare Earth Elements Industry Forecast” looks at past sales and reviews total world Heavy Rare Earth Elements sales in 2024, providing a comprehensive analysis by region and market sector of projected Heavy Rare Earth Elements sales for 2025 through 2031. With Heavy Rare Earth Elements sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heavy Rare Earth Elements industry.

This Insight Report provides a comprehensive analysis of the global Heavy Rare Earth Elements landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Heavy Rare Earth Elements portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Heavy Rare Earth Elements market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heavy Rare Earth Elements and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Heavy Rare Earth Elements.

This report presents a comprehensive overview, market shares, and growth opportunities of Heavy Rare Earth Elements market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Gadolinium
Yttrium
Terbium
Dysprosium
Holmium
Erbium
Thulium
Ytterbium
Lutetium

Segmentation by Application:
Magnets
Catalysts
Metallurgy
Polishing
Glass
Phosphors
Ceramics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
China Rare Earth Group
Shenghe Resources Holdings
Xiamen Tungsten Industry
Northern Minerals

Key Questions Addressed in this Report

What is the 10-year outlook for the global Heavy Rare Earth Elements market?

What factors are driving Heavy Rare Earth Elements market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Heavy Rare Earth Elements market opportunities vary by end market size?

How does Heavy Rare Earth Elements break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.