Global Rare-Earth Metals Market Future Scope, Industry Size And Forecast 2029

Rare-Earth Metals Market Overview

The “Rare-Earth Metals Market” Research Report extensively examines strategy, micro and macro market trends, pricing analysis, and immediate market conditions. Additionally, it offers a comprehensive exploration of key competitors. The report encompasses projected future trends poised to steer the advancement of the Rare-Earth Metals market, complete with anticipated market size and CAGR.

Market Growth Projection:

Rare-Earth Metals Market size was valued at US$ 5.31 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 12.4% through 2023 to 2029, reaching nearly US$ 12.02 Bn. by 2029.

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Rare-Earth Metals Market Report Scope and Research Methodology

The report delves into a comprehensive analysis of the Rare-Earth Metals market across global, regional, and country levels. It offers an in-depth exploration of the competitive landscape within the Rare-Earth Metals industry, spotlighting the business strategies embraced by competitors. Rare-Earth Metals key competitors are meticulously outlined, with details encompassing revenue, production capacity, sales, and global presence. Utilizing SWOT analysis, the report dissects the strengths and weaknesses of pivotal players within the Rare-Earth Metals industry.

Furthermore, the report provides intricate insights into Rare-Earth Metals market dynamics, encapsulating drivers, restraints, opportunities, and challenges. Estimations of the global and regional Rare-Earth Metals market size were formulated employing a bottom-up approach. The report includes an exhaustive value chain analysis, elucidating the manufacturing process of Rare-Earth Metals while incorporating insights into raw materials, customers, and distributors. Additionally, the inclusion of PORTER and PESTLE analyses, along with assessments of market attractiveness, facilitates an understanding of the Rare-Earth Metals market at both macro and micro levels.

Rare-Earth Metals Market Regional Insights

The Rare-Earth Metals market study includes company profiles from various regions, as well as information on their business strategies and statistics. The analysis of dynamics and the Rare-Earth Metals market size has been provided at local, regional and global levels. 

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Rare-Earth Metals Market Segmentation

by Product

Cerium
Dysprosium
Erbium
Europium
Gadolinium
Holmium
Lanthanum
Lutetium
Neodymium
Praseodymium
Promethium
Samarium
Scandium
Terbium
Thulium
Ytterbium
Yttrium

Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium, Praseodymium, Promethium, Samarium, Scandium, Terbium, Thulium, Ytterbium, and Yttrium are the product-based sub-segments of the Rare-Earth Metals Market. In 2021, the cerium sector accounted for 42.8% of the total market share. In order to lower emissions, cerium is utilized as a catalyst in catalytic converters in exhaust systems for automobiles. Nickel-metal hydride (NiMH) batteries also include it. The rising demand for hybrid cars is anticipated to positively affect the market for rare earth elements during the course of the forecast period.

The main application of dysprosium in neodymium iron boron (Neo) permanent magnets is as an alloying agent. Neo magnets are used in many different fields, including as industrial, aerospace, medical, defense, transportation, and power generation.

by Application

Magnets
Catalysts
Metallurgy
Polishing
Glass
Phosphors
Ceramics
Other

The Rare-Earth Metals Market is further divided into Glass, Phosphors, Ceramics, Magnets, Catalysts, Metallurgy, Polishing, and Ceramics based on the applications. In 2022, the magnet segment accounted for the highest share of. They are used in many different devices, such as sensors, speakers, servo motors, linear actuators, and computer hard drives. The use of rare earth elements is anticipated to increase during the forecast period due to growing demand for magnets in consumer electronics, vehicles, and wind turbines.

Over the course of the forecast period, the ceramic category is anticipated to develop at a CAGR of. Cerium oxide is used as an opacifier and as a glaze for ceramic tiles. The Ceramic World Web states that between 2023 and 2029, there was a 2.2% growth in the production of ceramic tiles. raising the output of ceramics due to an increase in building activity.

by Type

Cerium Oxide
Lanthanum Oxide
Neodymium Oxide
Yttrium Oxide
Others

Rare-Earth Metals Market Key Players

1. Lynas Corporation
2. Alkane Resources
3. Arafura Resources
4. China Minmetals Rare
5. Avalon Advanced Materials
6. Iluka Resource
7. Canada Rare Earth
8. Shin-Etsu Chemical Co. Ltd.
9. China Northern Rare Earth
10. Molycorp Inc
11. Rare Element Resources
12. Eutectix
13. Indian Rare Earths
14. Great Western Minerals
15. Frontier Rare Earths.
16. Greenland Minerals & Energy
17. Ucore Rare Metals Inc.
18. Medallion Resources Ltd

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Table of Content: Rare-Earth Metals Market

Part 01: Executive Summary

Part 02: Scope of the Rare-Earth Metals Market Report

Part 03: Global Rare-Earth Metals Market Landscape

Part 04: Global Rare-Earth Metals Market Sizing

Part 05: Global Rare-Earth Metals Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key questions answered in the Automotive Relay Market are:

  • What are the Rare-Earth Metals market segments?
  • What was the Rare-Earth Metals market size in 2023?
  • What are the global trends in the Rare-Earth Metals Market?
  • What are the major challenges that the Rare-Earth Metals Market could face in the future? 
  • How is the intervention from regulatory authority shaping the Rare-Earth Metals Market?
  • What growth strategies are the players considering to increase their presence in Automotive Relay Market?
  • Which region held the largest Rare-Earth Metals market share in 2022? 
  • Which regional Rare-Earth Metals market is expected to grow rapidly during the forecast period?

Key Offerings:

  • A detailed Market Overview
  • Market Share, Size & Forecast by Revenue
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis of segments and sub-segments
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

About Maximize Market Research:

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