Rare-Earth Metals Market Overview
The Rare-Earth Metals Market Research Report provides an extensive examination of strategies, micro and macro market trends, pricing analysis, short-term market conditions, and a comprehensive assessment of primary competitors. The report delves into forthcoming trends projected to shape the evolution of the Rare-Earth Metals market.
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 document presents a comprehensive analysis of the worldwide Rare-Earth Metals market, encompassing insights into its growth trajectories, competitive landscape assessment, and developmental status across different regions. The Rare-Earth Metals market report encompasses a range of key players, including import and export consumption, supply and demand dynamics, cost structures, pricing trends, revenue streams, and gross margins. The research methodology involves a thorough exploration of multiple factors influencing the Rare-Earth Metals sector, encompassing governmental policies, competitive outlook, historical data, prevailing market trends, technological advancements, emerging innovations, and progress within related industries. The utilization of SWOT analysis is leveraged to delineate the strengths and weaknesses of pivotal players in the Rare-Earth Metals sector.
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 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 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% increase in the production of ceramic tiles.
by Type
Cerium Oxide
Lanthanum Oxide
Neodymium Oxide
Yttrium Oxide
Others
Rare-Earth Metals Key Competitors
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:
- What is Rare-Earth Metals?
- What are the global and regional trends in the Rare-Earth Metals Market?
- Which Rare-Earth Metals market segment is expected to grow at a high rate during the forecast period?
- Which factors are expected to drive the Rare-Earth Metals market during the forecast period?
- What are the major challenges that the Rare-Earth Metals Market could face in the future?
- How is the intervention from regulatory authority is 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?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Application, Technology, Type, End-User and Region
- Competitive Landscape – Profiles of selected key players by region in 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
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