The Impact of COVID-19 is included in Rare Earth Element Market Report. Buy it today to get an advantage.
Request the impact of COVID-19 on your product or industry
Rare Earth Element Trends and Forecast
The future of the global rare earth element market looks promising with opportunities in the permanent magnet, metal alloy, glass polishing, glass additives, catalyst, phosphors, and ceramic markets. The global rare earth element market is expected to reach an estimated $12.4 billion by 2030 with a CAGR of 12.3% from 2024 to 2030. The major drivers for this market are growing demand of electronic devices, rising number of electric motors, and increasing adoption of rare earth magnets in wind turbines.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Rare Earth Element by Segment
The study includes a forecast for the global rare earth element by type, application, and region.
Rare Earth Element Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Cerium Oxide
• Lanthanum Oxide
• Neodymium Oxide
• Yttrium Oxide
• Praseodymium Oxide
• Samarium Oxide
• Gadolinium Oxide
• Dysprosium Oxide
• Terbium Oxide
• Others
Rare Earth Element Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Permanent Magnets
• Metal Alloys
• Glass Polishing
• Glass Additives
• Catalysts
• Phosphors
• Ceramics
• Others
Rare Earth Element Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Rare Earth Element Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies rare earth element companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the rare earth element companies profiled in this report include-
• Lynas Corporation
• Alkane Resources
• Arafura Resources
• China Minmetals Rare Earth
• Avalon Advanced Materials
• Iluka Resource
• Canada Rare Earth Corporation
Rare Earth Element Market Insights
Lucintel forecasts that neodymium oxide will remain the largest segment over the forecast period due to increasing demand from electric and hybrid vehicle manufacturers.
Within this market, phosphors is expected to witness the highest growth.
APAC is expected to witness highest growth over the forecast period due to rapidly growing demand in China.
Features of the Global Rare Earth Element Market
Market Size Estimates: Rare earth element market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Rare earth element market size by type, application, and region in terms of value ($B).
Regional Analysis: Rare earth element market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the rare earth element market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the rare earth element market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the rare earth element market size?
Answer: The global rare earth element market is expected to reach an estimated $12.4 billion by 2030.
Q2. What is the growth forecast for rare earth element market?
Answer: The global rare earth element market is expected to grow with a CAGR of 12.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the rare earth element market?
Answer: The major drivers for this market are growing demand of electronic devices, rising number of electric motors, and increasing adoption of rare earth magnets in wind turbines.
Q4. What are the major segments for rare earth element market?
Answer: The future of the rare earth element market looks promising with opportunities in the permanent magnet, metal alloy, glass polishing, glass additives, catalyst, phosphors, and ceramic markets.
Q5. Who are the key rare earth element market companies?
Answer: Some of the key rare earth element companies are as follows:
• Lynas Corporation
• Alkane Resources
• Arafura Resources
• China Minmetals Rare Earth
• Avalon Advanced Materials
• Iluka Resource
• Canada Rare Earth Corporation
Q6. Which rare earth element market segment will be the largest in future?
Answer: Lucintel forecasts that neodymium oxide will remain the largest segment over the forecast period due to increasing demand from electric and hybrid vehicle manufacturers.
Q7. In rare earth element market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapidly growing demand in China.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the rare earth element market by type (cerium oxide, lanthanum oxide, neodymium oxide, yttrium oxide, praseodymium oxide, samarium oxide, gadolinium oxide, dysprosium oxide, terbium oxide, and others), application (permanent magnets, metal alloys, glass polishing, glass additives, catalysts, phosphors, ceramics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Rare Earth Element Market, Rare Earth Element Market Size, Rare Earth Element Market Growth, Rare Earth Element Market Analysis, Rare Earth Element Market Report, Rare Earth Element Market Share, Rare Earth Element Market Trends, Rare Earth Element Market Forecast, Rare Earth Element Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Rare Earth Element Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Rare Earth Element Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Rare Earth Element Market by Type
3.3.1: Cerium Oxide
3.3.2: Lanthanum Oxide
3.3.3: Neodymium Oxide
3.3.4: Yttrium Oxide
3.3.5: Praseodymium Oxide
3.3.6: Samarium Oxide
3.3.7: Gadolinium Oxide
3.3.8: Dysprosium Oxide
3.3.9: Terbium Oxide
3.4: Global Rare Earth Element Market by Application
3.4.1: Permanent Magnets
3.4.2: Metal Alloys
3.4.3: Glass Polishing
3.4.4: Glass Additives
3.4.5: Catalysts
3.4.6: Phosphors
3.4.7: Ceramics
3.4.8: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Rare Earth Element Market by Region
4.2: North American Rare Earth Element Market
4.2.2: North American Rare Earth Element Market by Application: Permanent Magnets, Metal Alloys, Glass Polishing, Glass Additives, Catalysts, Phosphors, Ceramics, and Others
4.3: European Rare Earth Element Market
4.3.1: European Rare Earth Element Market by Type: Cerium Oxide, Lanthanum Oxide, Neodymium Oxide, Yttrium Oxide, Praseodymium Oxide, Samarium Oxide, Gadolinium Oxide, Dysprosium Oxide, Terbium Oxide, and Others
4.3.2: European Rare Earth Element Market by Application: Permanent Magnets, Metal Alloys, Glass Polishing, Glass Additives, Catalysts, Phosphors, Ceramics, and Others
4.4: APAC Rare Earth Element Market
4.4.1: APAC Rare Earth Element Market by Type: Cerium Oxide, Lanthanum Oxide, Neodymium Oxide, Yttrium Oxide, Praseodymium Oxide, Samarium Oxide, Gadolinium Oxide, Dysprosium Oxide, Terbium Oxide, and Others
4.4.2: APAC Rare Earth Element Market by Application: Permanent Magnets, Metal Alloys, Glass Polishing, Glass Additives, Catalysts, Phosphors, Ceramics, and Others
4.5: ROW Rare Earth Element Market
4.5.1: ROW Rare Earth Element Market by Type: Cerium Oxide, Lanthanum Oxide, Neodymium Oxide, Yttrium Oxide, Praseodymium Oxide, Samarium Oxide, Gadolinium Oxide, Dysprosium Oxide, Terbium Oxide, and Others
4.5.2: ROW Rare Earth Element Market by Application: Permanent Magnets, Metal Alloys, Glass Polishing, Glass Additives, Catalysts, Phosphors, Ceramics, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Rare Earth Element Market by Type
6.1.2: Growth Opportunities for the Global Rare Earth Element Market by Application
6.1.3: Growth Opportunities for the Global Rare Earth Element Market by Region
6.2: Emerging Trends in the Global Rare Earth Element Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Rare Earth Element Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Rare Earth Element Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Lynas Corporation
7.2: Alkane Resources
7.3: Arafura Resources
7.4: China Minmetals Rare Earth
7.5: Avalon Advanced Materials
7.6: Iluka Resource
7.7: Canada Rare Earth Corporation
.
Buy full report or by chapter as follows
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
Please sign in below to get report brochure - Rare Earth Element Market Report.