Global Rare Earth Market Growth 2023-2029

Global Rare Earth Market Growth 2023-2029

Rare earths are usually divided into light and heavy rare earth oxides. The former includes "lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium", including "gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, lutetium, scandium" "Yttrium", there are more than 250 kinds of rare earth minerals in nature.
Major industrial countries in the world have rare strategic resources, rare with a variety of special chemical properties, and are important raw materials for modern industries, especially high-tech industries. Among them, the relative concentration of light rare earth reserves is mainly used in permanent magnet materials, polishing powder, glass ceramics, catalysts and other fields; medium and heavy rare earth reserves are small, mainly used in phosphors, ceramics and other fields, thus, aerospace, military defense, etc. Medium and heavy rare earths will also be used in the field.
LPI (LP Information)' newest research report, the “Rare Earth Industry Forecast” looks at past sales and reviews total world Rare Earth sales in 2022, providing a comprehensive analysis by region and market sector of projected Rare Earth sales for 2023 through 2029. With Rare Earth sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Rare Earth industry.
This Insight Report provides a comprehensive analysis of the global Rare Earth 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 Rare Earth portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Rare Earth market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rare Earth 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 Rare Earth.
The global Rare Earth market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
In the Chinese market, major rare earth manufacturers include Northern Rare Earth, Shenghe Resources Holdings, etc. The top two manufacturers account for more than 80% of the total share.
From the perspective of product market applications, it is mainly metallurgy, rare earth permanent magnet materials, catalytic materials, hydrogen storage materials and others. Among them, rare earth permanent magnet materials are the most important application, accounting for about 32%.
In terms of product types and technologies, rare earth mainly include rare earth oxides, rare earth salts and rare earth metals. Rare earth oxides are the most important product type, accounting for more than 45%.
This report presents a comprehensive overview, market shares, and growth opportunities of Rare Earth market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Rare Earth Oxide
Rare Earth Salts
Rare Earth Metals
Segmentation by application
Metallurgy
Rare Earth Permanent Magnet Materials
Catalytic Material
Hydrogen Storage Materials
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 analyzing the company's coverage, product portfolio, its market penetration.
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Shenghe Resource
Rising Nonferrous Metals Co., Ltd
SUNLUX RARE METALS CO.,LTD.
Grirem Advanced Materials Co.,Ltd.
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Tungsten Corporation,Ltd.

Key Questions Addressed in this Report
What is the 10-year outlook for the global Rare Earth market?
What factors are driving Rare Earth market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Rare Earth market opportunities vary by end market size?
How does Rare Earth break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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