Rare-Earth Metals Market Overview
Maximize Market Research conducted the analysis of the Rare-Earth Metals Market, which includes a thorough examination of different regions and the competitive landscape. The report provides valuable insights into the market’s current and future potential, helping businesses understand the trends and opportunities in the industry.
Market Values: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 provides valuable information on their strategies, revenue, partnerships, joint ventures, and more. To estimate the Rare-Earth Metals Market size, a bottom-up approach was used, ensuring accurate and reliable data for the report. Primary and secondary data collection methods were utilized to gather information for the Rare-Earth Metals Market report. The Rare-Earth Metals Market report provides a qualitative and quantitative analysis of market size, price, demand, mergers and acquisitions, supply chain, investment and expansion plans by key competitors, and predictions. The SWOT analysis was employed to identify the strengths and weaknesses of key players in the Rare-Earth Metals industry, while the PESTLE analysis was used to evaluate the potential impact of macroeconomic and microeconomic factors on the Rare-Earth Metals industry.
Rare-Earth Metals Market Regional Insights
The Rare-Earth Metals market is broadly segmented into these regions, which helps in gaining a comprehensive understanding of the market’s landscape and dynamics in each geographical area. This analysis provides valuable insights for businesses to make informed decisions and strategize their operations accordingly.
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
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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 segment 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 contain 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, such 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 had the biggest share . 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, autos, and wind turbines.
Over the course of the forecast period, the ceramic segment is anticipated to grow at a CAGR . 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% increase in the production of ceramic tiles.
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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Key questions answered in the Rare-Earth Metals Market are:
- What is Rare-Earth Metals?
- What was the Rare-Earth Metals market size in 2023?
- What is the growth rate of the Rare-Earth Metals Market?
- Which are the factors expected to drive the Rare-Earth Metals market growth?
- What are the different segments of the Rare-Earth Metals Market?
- What growth strategies are the players considering to increase their presence in Rare-Earth Metals?
- What are the upcoming industry applications and trends for the Rare-Earth Metals Market?
- What major challenges could the Rare-Earth Metals Market face in the future?
- What segments are covered in the Rare-Earth Metals Market?
- Who are the leading companies and what are their portfolios in Rare-Earth Metals Market?
- What segments are covered in the Rare-Earth Metals Market?
- Who are the key players in the Rare-Earth Metals market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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