Heavy Rare Earth Elements- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
The global market for Heavy Rare Earth Elements was worth US$ 1,564.54 million in 2023 and is forecast to a readjusted size of US$ 2,333.37 million by 2030 with a CAGR of 6.43% during the forecast period 2024-2030.
North American market for Heavy Rare Earth Elements was valued at $ 332.73 million in 2023 and will reach $ 489.21 million by 2030, at a CAGR of 6.35% during the forecast period of 2024 through 2030.
Asia-Pacific market for Heavy Rare Earth Elements was valued at $ 979.57 million in 2023 and will reach $ 1,498.04 million by 2030, at a CAGR of 6.79% during the forecast period of 2024 through 2030.
Europe market for Heavy Rare Earth Elements was valued at $ 226.12 million in 2023 and will reach $ 311.60 million by 2030, at a CAGR of 5.09% during the forecast period of 2024 through 2030.
The global key companies of Heavy Rare Earth Elements include China Rare Earth Group, Shenghe Resources Holdings, Xiamen Tungsten Industry, Northern Minerals, etc. In 2023, the global three largest players hold a share approximately 72.80% in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for Heavy Rare Earth Elements, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Heavy Rare Earth Elements by region & country, by Type, and by Application.
The Heavy Rare Earth Elements market size, estimations, and forecasts are provided in terms of sales volume (MT) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyse their position in the current marketplace, and make informed business decisions regarding Heavy Rare Earth Elements.
Market Segmentation
By Company
China Rare Earth Group
Shenghe Resources Holdings
Xiamen Tungsten Industry
Northern Minerals
Segment by Type
Gadolinium
Yttrium
Terbium
Dysprosium
Holmium
Erbium
Thulium
Ytterbium
Lutetium
Segment by Application
Magnets
Catalysts
Metallurgy
Polishing
Glass
Phosphors
Ceramics
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Middle East
Africa
1 Market Overview
1.1 Heavy Rare Earth Elements Product Introduction
1.2 Global Heavy Rare Earth Elements Market Size Forecast
1.2.1 Global Heavy Rare Earth Elements Sales Value (2019-2030)
1.2.2 Global Heavy Rare Earth Elements Sales Volume (2019-2030)
1.2.3 Global Heavy Rare Earth Elements Sales Price (2019-2030)
1.3 Heavy Rare Earth Elements Market Trends & Drivers
1.3.1 Heavy Rare Earth Elements Industry Trends
1.3.2 Heavy Rare Earth Elements Market Drivers & Opportunity
1.3.3 Heavy Rare Earth Elements Market Challenges
1.3.4 Heavy Rare Earth Elements Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Heavy Rare Earth Elements Players Revenue Ranking (2023)
2.2 Global Heavy Rare Earth Elements Revenue by Company (2019-2024)
2.3 Global Heavy Rare Earth Elements Players Sales Volume Ranking (2023)
2.4 Global Heavy Rare Earth Elements Sales Volume by Company Players (2019-2024)
2.5 Global Heavy Rare Earth Elements Average Price by Company (2019-2024)
2.6 Key Manufacturers Heavy Rare Earth Elements Manufacturing Base and Headquarters
2.7 Key Manufacturers Heavy Rare Earth Elements Product Offered
2.8 Key Manufacturers Time to Established
2.9 Heavy Rare Earth Elements Market Competitive Analysis
2.9.1 Heavy Rare Earth Elements Market Concentration Rate (2019-2024)
2.9.2 Global 3 Largest Manufacturers by Heavy Rare Earth Elements Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Heavy Rare Earth Elements as of 2023)
2.10 Mergers & Acquisitions, Expansion
2.11 Industry Recent News
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Gadolinium
3.1.2 Yttrium
3.1.3 Terbium
3.1.4 Dysprosium
3.1.5 Holmium
3.1.6 Erbium
3.1.7 Thulium
3.1.8 Ytterbium
3.1.9 Lutetium
3.2 Global Heavy Rare Earth Elements Sales Value by Type
3.2.1 Global Heavy Rare Earth Elements Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Heavy Rare Earth Elements Sales Value, by Type (2019-2030)
3.2.3 Global Heavy Rare Earth Elements Sales Value, by Type (%) (2019-2030)
3.3 Global Heavy Rare Earth Elements Sales Volume by Type
3.3.1 Global Heavy Rare Earth Elements Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Heavy Rare Earth Elements Sales Volume, by Type (2019-2030)
3.3.3 Global Heavy Rare Earth Elements Sales Volume, by Type (%) (2019-2030)
3.4 Global Heavy Rare Earth Elements Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Magnets
4.1.2 Catalysts
4.1.3 Metallurgy
4.1.4 Polishing
4.1.5 Glass
4.1.6 Phosphors
4.1.7 Ceramics
4.2 Global Heavy Rare Earth Elements Sales Value by Application
4.2.1 Global Heavy Rare Earth Elements Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Heavy Rare Earth Elements Sales Value, by Application (2019-2030)
4.2.3 Global Heavy Rare Earth Elements Sales Value, by Application (%) (2019-2030)
4.3 Global Heavy Rare Earth Elements Sales Volume by Application
4.3.1 Global Heavy Rare Earth Elements Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Heavy Rare Earth Elements Sales Volume, by Application (2019-2030)
4.3.3 Global Heavy Rare Earth Elements Sales Volume, by Application (%) (2019-2030)
4.4 Global Heavy Rare Earth Elements Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Heavy Rare Earth Elements Sales Value by Region
5.1.1 Global Heavy Rare Earth Elements Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Heavy Rare Earth Elements Sales Value by Region (2019-2024)
5.1.3 Global Heavy Rare Earth Elements Sales Value by Region (2025-2030)
5.1.4 Global Heavy Rare Earth Elements Sales Value by Region (%), (2019-2030)
5.2 Global Heavy Rare Earth Elements Sales Volume by Region
5.2.1 Global Heavy Rare Earth Elements Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Heavy Rare Earth Elements Sales Volume by Region (2019-2024)
5.2.3 Global Heavy Rare Earth Elements Sales Volume by Region (2025-2030)
5.2.4 Global Heavy Rare Earth Elements Sales Volume by Region (%), (2019-2030)
5.3 Global Heavy Rare Earth Elements Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Heavy Rare Earth Elements Sales Value, 2019-2030
5.4.2 North America Heavy Rare Earth Elements Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Heavy Rare Earth Elements Sales Value, 2019-2030
5.5.2 Europe Heavy Rare Earth Elements Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Heavy Rare Earth Elements Sales Value, 2019-2030
5.6.2 Asia Pacific Heavy Rare Earth Elements Sales Value by Region (%), 2023 VS 2030
5.7 South America
5.7.1 South America Heavy Rare Earth Elements Sales Value, 2019-2030
5.7.2 South America Heavy Rare Earth Elements Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Heavy Rare Earth Elements Sales Value, 2019-2030
5.8.2 Middle East & Africa Heavy Rare Earth Elements Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Heavy Rare Earth Elements Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Heavy Rare Earth Elements Sales Value
6.2.1 Key Countries/Regions Heavy Rare Earth Elements Sales Value, 2019-2030
6.2.2 Key Countries/Regions Heavy Rare Earth Elements Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Heavy Rare Earth Elements Sales Value, 2019-2030
6.3.2 United States Heavy Rare Earth Elements Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Heavy Rare Earth Elements Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Heavy Rare Earth Elements Sales Value, 2019-2030
6.4.2 Europe Heavy Rare Earth Elements Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Heavy Rare Earth Elements Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Heavy Rare Earth Elements Sales Value, 2019-2030
6.5.2 China Heavy Rare Earth Elements Sales Value by Type (%), 2023 VS 2030
6.5.3 China Heavy Rare Earth Elements Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Heavy Rare Earth Elements Sales Value, 2019-2030
6.6.2 Japan Heavy Rare Earth Elements Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Heavy Rare Earth Elements Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Heavy Rare Earth Elements Sales Value, 2019-2030
6.7.2 South Korea Heavy Rare Earth Elements Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Heavy Rare Earth Elements Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Heavy Rare Earth Elements Sales Value, 2019-2030
6.8.2 Southeast Asia Heavy Rare Earth Elements Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Heavy Rare Earth Elements Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Heavy Rare Earth Elements Sales Value, 2019-2030
6.9.2 India Heavy Rare Earth Elements Sales Value by Type (%), 2023 VS 2030
6.9.3 India Heavy Rare Earth Elements Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 China Rare Earth Group
7.1.1 China Rare Earth Group Company Information
7.1.2 China Rare Earth Group Introduction and Business Overview
7.1.3 China Rare Earth Group Heavy Rare Earth Elements Sales, Revenue, Price and Gross Margin (2019-2024)
7.1.4 China Rare Earth Group Heavy Rare Earth Elements Product Offerings
7.2 Shenghe Resources Holdings
7.2.1 Shenghe Resources Holdings Company Information
7.2.2 Shenghe Resources Holdings Introduction and Business Overview
7.2.3 Shenghe Resources Holdings Heavy Rare Earth Elements Sales, Revenue, Price and Gross Margin (2019-2024)
7.2.4 Shenghe Resources Holdings Heavy Rare Earth Elements Product Offerings
7.3 Xiamen Tungsten Industry
7.3.1 Xiamen Tungsten Industry Company Information
7.3.2 Xiamen Tungsten Industry Introduction and Business Overview
7.3.3 Xiamen Tungsten Industry Heavy Rare Earth Elements Sales, Revenue, Price and Gross Margin (2019-2024)
7.3.4 Xiamen Tungsten Industry Heavy Rare Earth Elements Product Offerings
7.4 Northern Minerals
7.4.1 Northern Minerals Company Information
7.4.2 Northern Minerals Introduction and Business Overview
7.4.3 Northern Minerals Heavy Rare Earth Elements Sales, Revenue, Price and Gross Margin (2019-2024)
7.4.4 Northern Minerals Heavy Rare Earth Elements Product Offerings
8 Industry Chain Analysis
8.1 Rare Earth Mineral Industry Analysis
8.2 Heavy Rare Earth Elements Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
List of Tables
Table 1. Heavy Rare Earth Elements Market Trends
Table 2. Heavy Rare Earth Elements Market Drivers & Opportunity
Table 3. Heavy Rare Earth Elements Market Challenges
Table 4. Heavy Rare Earth Elements Market Restraints
Table 5. Global Heavy Rare Earth Elements Revenue by Company (2019-2024) & (US$ Million)
Table 6. Global Heavy Rare Earth Elements Revenue Market Share by Company (2019-2024)
Table 7. Global Heavy Rare Earth Elements Sales Volume by Company (2019-2024) & (MT)
Table 8. Global Heavy Rare Earth Elements Sales Volume Market Share by Company (2019-2024)
Table 9. Global Market Heavy Rare Earth Elements Price by Company (2019-2024) & (USD/kg)
Table 10. Key Manufacturers Heavy Rare Earth Elements Manufacturing Base and Headquarters
Table 11. Key Manufacturers Heavy Rare Earth Elements Product Type
Table 12. Key Manufacturers Time to Established
Table 13. Global Heavy Rare Earth Elements Manufacturers Market Concentration Ratio (CR5)
Table 14. Global Top Manufacturers Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Heavy Rare Earth Elements as of 2023)
Table 15. Mergers & Acquisitions, Expansion Plans
Table 16. Mergers & Acquisitions, Expansion Plans
Table 17. Gadolinium Applications
Table 18. Global Heavy Rare Earth Elements Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million)
Table 19. Global Heavy Rare Earth Elements Sales Value by Type (2019-2024) & (US$ Million)
Table 20. Global Heavy Rare Earth Elements Sales Value by Type (2025-2030) & (US$ Million)