Global Rare-Earth Metals Market Business Strategy, Industry Share And Growth 2029

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.

Rare-Earth Metals Market Report Overview

The Rare-Earth Metals Market research report provides an in-depth analysis that is required to make informed industry decisions and develop strategic growth plans. Regardless of the production method or cost structures, the Rare-Earth Metals market report provides a full understanding of advanced tactics and plans. The report provides a detailed analysis of the dynamics influencing the market with key players in the Rare-Earth Metals industry.

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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.

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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Rare-Earth Metals Market Report Scope and Research Methodology

The Rare-Earth Metals Market Research Reports offer both qualitative and quantitative insights that delve into the essential factors driving, limiting, offering opportunities, and posing challenges within the global Rare-Earth Metals market. This report thoroughly covers aspects like import/export consumption, supply and demand dynamics, pricing, revenue generation, market share, market penetration, sales volume, and gross margins. In the Rare-Earth Metals market context, the report extensively examines each industry's manufacturing sites, capacity, production, market prices, sales revenue, and market shares.

The determination of the Rare-Earth Metals market size employed a bottom-up approach. To compile the data for the Rare-Earth Metals market report, a combination of Primary and Secondary research methods was employed. The report also features a SWOT analysis and employs Porter's five forces analysis to offer a comprehensive view.

Rare-Earth Metals Market Regional Analysis

The Rare-Earth Metals market report consists of an analysis of all the regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The market's primary geographic condition, as well as segments and sub-segments, are examined in the Rare-Earth Metals Industry Research. The current state of the regional market is provided in the report in terms of market size, share, and volume. 

Key Questions answered in the Rare-Earth Metals Market Report are:

What is Rare-Earth Metals?
What will be the CAGR of the Rare-Earth Metals market during the forecast period?
Which region held the largest Rare-Earth Metals market share ?
What are the opportunities for the Rare-Earth Metals Market?
What factors are affecting the Rare-Earth Metals market growth?
Which company held the largest share in the Rare-Earth Metals market?
What key trends are likely to emerge in the Rare-Earth Metals market in the coming years?

Key offerings:

  • Market Share, Size, and Forecast by Revenue
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation- A detailed analysis of each segment and their segments
  • Competitive Landscape - Leading key players and other prominent key players.

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