Global Rare Earth Metals Market Growth 2023-2029

Global Rare Earth Metals Market Growth 2023-2029

Rare earth metals are vital to the world’s economy. They are essential to developing technologies in the communications, electronics, and military weapons markets. It is widely used in metallurgy, rare earth permanent magnet material and hydrogen storage material.

Rare earth metals typically include scandium (Sc-21), yttrium (Y-39), lanthanum (La-57), cerium (Ce-58), praseodymium (Pr-59), neodymium (Nd-60), promethium (Pm-61), samarium (Sm-62), europium (Eu-63), gadolinium (Gd-64), terbium (Tb-65), dysprosium (Dy-66), holmium (Ho-67), erbium (Er-68), thulium (Tm-69), ytterbium (Yb-70), and lutetium (Lu-71).

LPI (LP Information)' newest research report, the “Rare Earth Metals Industry Forecast” looks at past sales and reviews total world Rare Earth Metals sales in 2022, providing a comprehensive analysis by region and market sector of projected Rare Earth Metals sales for 2023 through 2029. With Rare Earth Metals sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Rare Earth Metals industry.

This Insight Report provides a comprehensive analysis of the global Rare Earth Metals 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 Metals portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Rare Earth Metals market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rare Earth Metals 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 Metals.

The global Rare Earth Metals market size is projected to grow from US$ 714.1 million in 2022 to US$ 331.8 million in 2029; it is expected to grow at a CAGR of 331.8 from 2023 to 2029.

Global Rare Earth Metals key players include Beifang Rare Earth, Integral Materials Investment Vietnam, Grirem Advanced Materials, Chenguang Rare Earths New Material, Jiangtong Rare Earth, etc. Global top five manufacturers hold a share over 60%.

China is the largest market, with a share over 80%.

In terms of product, Pr-Nd is the largest segment, with a share over 70%. And in terms of application, the largest application is Rare Earth Permanent Magnet Material, followed by Metallurgy, Hydrogen Storage Material, etc.

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

Market Segmentation:

Segmentation by type

Pr-Nd

La-Ce

La

Ce

Pr

Nd

Others

Segmentation by application

Metallurgy

Rare Earth Permanent Magnet Material

Hydrogen Storage Material

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.

Beifang Rare Earth

Integral Materials Investment Vietnam

Chenguang Rare Earths New Material

Sunlux Rare Metal

Grirem Advanced Materials

Baotou Xinye New Materials

Ganzhou Rare Earth Metals

Jiangtong Rare Earth

Xiamen Tungsten

Shenghe Resources

Yiyang Hongyuan Rare Earth

Key Questions Addressed in this Report

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

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

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

How do Rare Earth Metals market opportunities vary by end market size?

How does Rare Earth Metals 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.