Home >> Chemicals & Materials >> Rare Earth Market

Global Rare Earth Market Size,Trends, Growth Forecast to 2031

Category : Chemicals & Materials | Report Code : 1858 | Pages : 141 | Oct 2024

Report Overview

Rare earths are usually divided into light and heavy rare earth oxides. The former includes "lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium", including "gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, lutetium, scandium" "Yttrium", there are more than 250 kinds of rare earth minerals in nature. Major industrial countries in the world have rare strategic resources, rare with a variety of special chemical properties, and are important raw materials for modern industries, especially high-tech industries. Among them, the relative concentration of light rare earth reserves is mainly used in permanent magnet materials, polishing powder, glass ceramics, catalysts and other fields; medium and heavy rare earth reserves are small, mainly used in phosphors, ceramics and other fields, thus, aerospace, military defense, etc. Medium and heavy rare earths will also be used in the field.

The global Rare Earth market size is projected to grow from US$ 5643 million in 2024 to US$ 10130 million in 2030; it is expected to grow at a CAGR of 10.2% from 2024 to 2030.

Analytic Insights Hub' newest research report, the “Rare Earth Industry Forecast” looks at past sales and reviews total world Rare Earth sales in 2023, providing a comprehensive analysis by region and market sector of projected Rare Earth sales for 2024 through 2030. With Rare Earth sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Rare Earth industry.

This Insight Report provides a comprehensive analysis of the global Rare Earth landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Rare Earth portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Rare Earth market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rare Earth and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Rare Earth.

China ranks first in the world in rare earth reserves, and is the only country in the world that has the ability to produce all kinds of products in the entire rare earth industry chain. China is the most important seller in the global rare earth market, and is the only country in the world that can provide all 17 rare earth metals, especially military heavy rare earths. 70% of the world's rare earth mineral production comes from China, followed by the United States, Australia, Myanmar, and Thailand. In the Chinese market, major rare earth manufacturers include Northern Rare Earth, Shenghe Resources Holdings, Cmreltd etc.  In terms of product types and technologies, rare earth mainly include rare earth oxides, rare earth salts and rare earth metals. Rare earth oxides are the most important product type, accounting for more than 45%.

This report presents a comprehensive overview, market shares, and growth opportunities of Rare Earth market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Rare Earth Oxide
    Rare Earth Salts
    Rare Earth Metals

Segmentation by Application:
    Metallurgy
    Rare Earth Permanent Magnet Materials
    Catalytic Material
    Hydrogen Storage Materials
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Reht
    China Rare Earth Group
    Shenghe Resource
    Rising Nonferrous Metals
    SUNLUX RARE METALS
    Grirem Advanced Materials
    Ganzhou Qiandong Rare Earth Group
    Tungsten Corporation

Key Questions Addressed in this Report
What is the 10-year outlook for the global Rare Earth market?
What factors are driving Rare Earth market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Rare Earth market opportunities vary by end market size?
How does Rare Earth break out by Type, by Application?

Frequently Asked Questions?

Ans - The purpose of a Rare Earth market research report is to provide data-driven insights and analysis on a Rare Earth market. It helps businesses understand industry trends, competition, consumer behavior, market size, growth potential, and risks, supporting strategic decision-making.

Ans - Market research reports typically include both quantitative (market size, revenue, growth rates) and qualitative (trends, consumer preferences, competitive analysis) data. It often includes industry statistics, surveys, expert opinions, historical data, and future forecasts.

Ans - The forecast period typically for Rare Earth market report spans the next 5 to 10 years. It includes projected market trends, growth opportunities, and potential challenges.

Ans - Yes, Analytic Insights Hub customization services, allowing businesses to focus on specific geographies, sectors, or market segments that are relevant to them.

Ans - The report highlights major trends such as technological innovations, consumer behavior shifts, regulatory changes, or emerging markets that may impact the industry?s growth.