Rare Earth Element Market is anticipated to reach US$ 15.05 Bn. by 2029 from US$ 6.68 Bn. in 2022 at a CAGR of 12.3 % during a forecast period.
Rare Earth Element Market Overview
The Rare Earth Element Market is growing at faster with substantial growth rates over the previous few years and it is estimated that the market can grow considerably within the forecasted period i.e., 2021 to 2029. The report provides Rare Earth Element Market drivers and restraints.
Over the forecast period, the market for rare-earth permanent magnets is anticipated to grow at the fastest rate. The rare-earth elements neodymium, praseodymium, dysprosium, terbium, and yttrium are the most frequently used in permanent magnets. These metals have unique qualities like high coercivity and remanence that stop permanent magnets from losing their magnetism over time. These magnets are heavily used in the automotive industry, and this affects their demand. Rare-earth permanent magnets are used in both conventional and hybrid vehicles.
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Market Scope
During the forecast, the Rare Earth Element Market is developing at a stable rate between 2022 and 2029. Due to the efforts of industry participants, the market is forecast to grow significantly between 2022 and 2029. The report provides current Rare Earth Element Market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin & Sales by Product are all included in this Rare Earth Element Market research report.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
Rare Earth Element Market Segmentation
Global Rare Earth Element Market: Research Methodology
Global Rare Earth Element Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Rare Earth Element Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
Global Rare Earth Element Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
Global Rare Earth Element Market Segmentation
- Global Rare Earth Element Market, by Metal (2022-2029)
- Global Rare Earth Element Market, by Region (2022-2029)
- Global Rare Earth Element Market, by Application (2022-2029)
Regional Rare Earth Element Market(2022-2029)
- Regional Rare Earth Element Market, by Metal (2022-2029)
- Regional Rare Earth Element Market, by Application (2022-2029)
- Regional Rare Earth Element Market, by Region(2022-2029)
Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
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Key Players
• Ucore Rare Metals Inc
• Arafura Resources Limited
• Alkane Resources ltd
• Lynas Corporation
• Avalon Advanced Materials, Inc.
• Canada Rare Earth Corporation
• Iluka Resources Limited
• Baotou Jinmeng Rare Earth Co
• Northern Minerals Limited
• Shin-Etsu Chemical Co. Ltd.
• China Minmetals Rare Earth Co. Ltd.
• China Northern Rare Earth (Group) High-Tech Co., Ltd.
• Iluka Resource Ltd (Australia)
• Canada Rare Earth Corporation (Canada)
• Others
The global Rare Earth Element Market research report contains a detailed regional key player analysis of the Rare Earth Element Market industry, with an emphasis on business growth opportunities and market hurdles in each of the globe’s major regions.
Regional Analysis
The regional analysis provided in our report helps you understand the Rare Earth Element Market in different regions. Every region has different factors such as political, geographic, economic, etc. which are affecting the Rare Earth Element Market . Local and regional development plans are often affected by the performance of Rare Earth Element Market . The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the market.
Key Questions answered in the Rare Earth Element Market Report are:
- What is Rare Earth Element Market ?
- What is the forecast period of the Rare Earth Element Market ?
- What is the competitive scenario of the Rare Earth Element Market ?
- Which region held the largest market share in the Rare Earth Element Market ?
- What are the opportunities for the Rare Earth Element Market ?
- What factors are affecting the Rare Earth Element Market growth?
- Who are the key players of the Rare Earth Element Market ?
- Which company held the largest share in the Rare Earth Element Market ?
- What will be the CAGR of the Rare Earth Element Market during the forecast period?
- What key trends are likely to emerge in the Rare Earth Element Market in the coming years?
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Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Rare Earth Element Market
- Landscape- Leading key players and other prominent key players.
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