Global rare earth metals market expected to generate around USD 14.43 billion by 2025, at a CAGR of around 8.6% between 2019 and 2025. The global rare earth metals market is likely to experience notable growth in the future, owing to the increasing demand and escalating adoption of rare earth metals in the magnet industry.
The report covers a forecast and an analysis of the rare earth metals market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion) and volume (Tons). The study includes drivers and restraints of the rare earth metals market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the rare earth metals market on a global level.
In order to give the users of this report a comprehensive view of the rare earth metals market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.
The study provides a decisive view of the rare earth metals market based on product, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segment includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some key players of the rare earth metals market are Lynas Corporation Ltd., Molycorp, Inner Mongolia Baotou Steel, Chinalco Yunnan Copper Resources Ltd., Rare Elements Resources Ltd., Greenland Rare Earth and Energy Ltd., Alkane Resources, Indian Rare Earths, Arafura Resources, Avalon Rare Metals, Great Western Minerals Group, Rare-Earth Hi-Tech Co, and China Rare Earth Holdings.
This report segments the global rare earth metals market as follows:
Global Rare Earth Metals Market: Product Analysis
Global Rare Earth Metals Market: Application Analysis
Global Rare Earth Metals Market: Regional Analysis
List of Figures
1. Market research process
2. Market research methodology
3. Global Rare Earth Metals market revenue & volume, 2016–2025 (USD Billion) (Tons)
4. Porter’s Five Forces Analysis
5. Rare Earth Metals market attractiveness analysis, by Product
6. Rare Earth Metals market attractiveness analysis, by Application
7. Rare Earth Metals market: market attractiveness analysis, by region
8. Company market share analysis, 2018
9. Global Rare Earth Metals market revenue & volume share by Product, 2018 and 2025
10. Global Rare Earth Metals market for Cerium, 2016–2025 (USD Billion) (Tons)
11. Global Rare Earth Metals market for Lanthanum, 2016–2025 (USD Billion) (Tons)
12. Global Rare Earth Metals market for Neodymium, 2016–2025 (USD Billion) (Tons)
13. Global Rare Earth Metals market for Praseodymium, 2016–2025 (USD Billion) (Tons)
14. Global Rare Earth Metals market for Others, 2016–2025 (USD Billion) (Tons)
15. Global Rare Earth Metals market revenue & volume share by Application, 2018 and 2025
16. Global Rare Earth Metals market for Catalyst, 2016–2025 (USD Billion) (Tons)
17. Global Rare Earth Metals market for Magnets, 2016–2025 (USD Billion) (Tons)
18. Global Rare Earth Metals market for Ceramics, 2016–2025 (USD Billion) (Tons)
19. Global Rare Earth Metals market for Metallurgy, 2016–2025 (USD Billion) (Tons)
20. Global Rare Earth Metals market for Others, 2016–2025 (USD Billion) (Tons)
List of Tables
1. Rare Earth Metals market: market snapshot
2. Drivers of Global Rare Earth Metals market: impact analysis
3. Restraints of the global Rare Earth Metals market: impact analysis
4. North America Rare Earth Metals market revenue & volume, by Product, 2016–2025 (USD Billion) (Tons)
5. North America Rare Earth Metals market revenue & volume, by Application, 2016–2025 (USD Billion) (Tons)
6. The U.S. Rare Earth Metals market revenue & volume, by Product, 2016–2025 (USD Billion) (Tons)
7. The U.S. Rare Earth Metals market revenue & volume, by Application, 2016–2025 (USD Billion) (Tons)
8. Europe Rare Earth Metals market revenue & volume, by Product, 2016–2025 (USD Billion) (Tons)
9. Europe Rare Earth Metals market revenue & volume, by Application, 2016–2025 (USD Billion) (Tons)
10. UK Rare Earth Metals market revenue & volume, by Product, 2016–2025 (USD Billion) (Tons)
11. UK Rare Earth Metals market revenue & volume, by Application, 2016–2025 (USD Billion) (Tons)
12. Germany Rare Earth Metals market revenue & volume, by Product, 2016–2025 (USD Billion) (Tons)
13. Germany Rare Earth Metals market revenue & volume, by Application, 2016–2025 (USD Billion) (Tons)
14. France Rare Earth Metals market revenue & volume, by Product, 2016–2025 (USD Billion) (Tons)
15. France Rare Earth Metals market revenue & volume, by Application, 2016–2025 (USD Billion) (Tons)
16. Asia Pacific Rare Earth Metals market revenue & volume, by Product, 2016–2025 (USD Billion) (Tons)
17. Asia Pacific Rare Earth Metals market revenue & volume, by Application, 2016–2025 (USD Billion) (Tons)
18. China Rare Earth Metals market revenue & volume, by Product, 2016–2025 (USD Billion) (Tons)
19. China Rare Earth Metals market revenue & volume, by Application, 2016–2025 (USD Billion) (Tons)
20. Japan Rare Earth Metals market revenue & volume, by Product, 2016–2025 (USD Billion) (Tons)
21. Japan Rare Earth Metals market revenue & volume, by Application, 2016–2025 (USD Billion) (Tons)
22. India Rare Earth Metals market revenue & volume, by Product, 2016–2025 (USD Billion) (Tons)
23. India Rare Earth Metals market revenue & volume, by Application, 2016–2025 (USD Billion) (Tons)
24. Latin America Rare Earth Metals market revenue & volume, by Product, 2016–2025 (USD Billion) (Tons)
25. Latin America Rare Earth Metals market revenue & volume, by Application, 2016–2025 (USD Billion) (Tons)
26. Brazil Rare Earth Metals market revenue & volume, by Product, 2016–2025 (USD Billion) (Tons)
27. Brazil Rare Earth Metals market revenue & volume, by Application, 2016–2025 (USD Billion) (Tons)
28. The Middle East and Africa Rare Earth Metals market revenue & volume, by Product, 2016–2025 (USD Billion) (Tons)
29. The Middle East and Africa Rare Earth Metals market revenue & volume, by Application, 2016–2025 (USD Billion) (Tons)
Rare earth metals are a group of chemical elements that are found in the Earth crust with an atomic number ranging from 57 to 71. Rare earth metals are crucial to various modern technologies, including clean energy, consumer electronics, computers and networks, advanced transportation, communications, healthcare, environmental mitigation, national defense, etc. Due to their exceptional luminescent, electrochemical, and magnetic attributes, rare earth metals aid in many applications, such as reducing weight, emissions, and energy consumption. The products made from rare earth elements possess greater efficiency, performance, speed, miniaturization, thermal stability, and durability as compared to products made from other metals.
The global rare earth metals market is likely to experience notable growth in the future. In 1990, China became the largest and dominant producer of rare earth metals globally, due to the increasing demand and escalating adoption of rare earth metals in the magnet industry. With technological advancements, rare earth metals are gaining acceptance in the field of consumer goods. For instance, Neodymium is popularly used in smartphones, lasers, televisions, hard drives, and rechargeable batteries. Additionally, Tesla, a key automobile industry player, is set to launch an upcoming version of Tesla’s electric car that is also expected to utilize neodymium. Furthermore, the growing exploration activities in un-mined regions across the globe are likely to foster market development in the upcoming years. The renewable energy sector is the biggest consumer of rare earth metals. Permanent magnets from neodymium are widely used in wind turbines. However, the price volatility of raw materials may hamper market growth in the future.
By product, the rare earth metals market is segmented into cerium, lanthanum, neodymium, praseodymium, and others. By application, the market is categorized into catalyst, magnets, ceramics, metallurgy, and others.
By region, Asia Pacific contributed an extensive revenue share in the global rare earth metals market in 2018 and is expected to continue with its regional authority in the upcoming years as well. This can be attributed to the growing production of rare earth metals across the region. China is the biggest producer of rare earth metals followed by India. North America is expected to provide significant opportunities for the global rare earth metals market, owing to the growing adoption of rare earth metals in various technological applications and the rising need for rare earth metals in electronic devices.
Some key players of the rare earth metals market are Lynas Corporation Ltd., Molycorp, Inner Mongolia Baotou Steel, Chinalco Yunnan Copper Resources Ltd., Rare Elements Resources Ltd., Greenland Rare Earth and Energy Ltd., Alkane Resources, Indian Rare Earths, Arafura Resources, Avalon Rare Metals, Great Western Minerals Group, Rare-Earth Hi-Tech Co, and China Rare Earth Holdings.
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