[The I2M Web Portal Editors hesitate to make this entry part of the I2M WP database (only becasue the cost of the book is shockingly high). Although the intended market is likely very small, we include the salient information that may well be of interest.]
The Research and Markets Group reported in early 2024 that the Rare Earth Elements Market size was estimated at USD 7.76 billion in 2023, USD 8.82 billion in 2024, and is expected to grow at a CAGR of 13.94% to reach USD 19.38 billion by 2030.
The rare earth elements comprise metallic elements included in the periodic table's lanthanide series, along with scandium and yttrium. These elements are pivotal due to their specialized magnetic, phosphorescent, and catalytic properties. They are essential components in a wide range of high-technology applications and critical for advancing and sustaining global innovations in clean energy technologies, electronics, defense, manufacturing, and healthcare.
Technology innovation propels demand for rare earth elements in high-tech applications and products, including smartphones and EVs. Further government investments & policies supporting the clean energy & defense sector are boosting the demand for these elements. However, the concentration of supply in a few countries leading to market & price volatility and environmental concerns related to the mining & processing of these elements may hamper the market's growth. Nevertheless, technological improvement to explore and extract rare earth elements more efficiently and sustainably and develop cost-effective recycling processes is expected to create growth prospects for the market.
Regional Insights
The Americas region depicts strong growth for rare earth materials in the face of green energy initiatives focused on renewable energy sources, considering the production of wind turbines and electric vehicles drives demand. Further, the proliferation of numerous high-tech industries, from aerospace to consumer electronics utilize rare earth elements for their magnetic, luminescent, and electrical properties is adding to the market's growth. In the EMEA region, Europe is at the forefront of the energy transition towards a more sustainable future, leading to increased investment in renewable energy infrastructure, such as wind turbines, which boost the application of rare earth materials.
Furthermore, The European Union has developed various regulations for secure & stable supply of rare earth elements and reduced dependency on imports due to the critical nature of these materials for the European industry. The Asia Pacific region showcases an opportunistic landscape for the market due to the extensive industrial sector that requires substantial amounts of these elements to produce consumer goods. APAC countries are global hubs for the electronics manufacturing industry, which extensively uses rare earth elements to produce smartphones, computers, and other devices. With significant investments in the automotive sector from major economies, especially in electric vehicles (EVs), demand for rare earth elements in EV batteries and motors is rising.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Rare Earth Elements Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Rare Earth Elements Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Rare Earth Elements Market, highlighting leading vendors and their innovative profiles. These include Alkane Resources Ltd., American Rare Earths Limited, Arafura Resources Ltd., Avalon Advanced Materials Inc., Canada Rare Earth Corporation, China Rare Earth Holdings Limited, Energy Transition Minerals Ltd, Eutectix, LLC by Molycorp Inc., Frontier Rare Earths Limited, Iluka Resource Ltd., IREL Limited, Lynas Corporation Ltd., Medallion Resources Ltd., Minmetals Land Limited, Mitsubishi Corporation, NEO Materials, Northern Minerals Limited, Peak Rare Earths, Rare Element Resources Ltd., Rio Tinto Group, Shin-Etsu Chemical Co. Ltd., Ucore Rare Metals Inc., and Xiamen Tungsten Co., Ltd.
Market Segmentation & Coverage
This research report categorizes the Rare Earth Elements Market to forecast the revenues and analyze trends in each of the following sub-markets:
Product:
- Oxides/ Ore
- Pure/ Extracted Metals
Type:
- Cerium Oxide
- Dysprosium Oxide
- Europium Oxide
- Gadolinium Oxide
- Lanthanum Oxide
- Neodymium Oxide
- Praseodymium Oxide
- Samarium Oxide
- Terbium Oxide
- Yttrium Oxide
Application
- Catalysts
Ceramics
Glass Additives
Glass Polishing
Metal Alloys
Permanent Magnets
Phosphors
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
1. What is the market size and forecast of the Rare Earth Elements Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Rare Earth Elements Market?
3. What are the technology trends and regulatory frameworks in the Rare Earth Elements Market?
4. What is the market share of the leading vendors in the Rare Earth Elements Market?
5. Which modes and strategic moves are suitable for entering the Rare Earth Elements Market?
Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report
Please note: This report can be updated on request.
Please contact our Customer Experience team using the Ask a Question widget on our website.
Frequently Asked Questions about the Global Rare Earth Elements Market
- What is the estimated value of the Global Rare Earth Elements Market?
- What is the growth rate of the Global Rare Earth Elements Market?
- What is the forecasted size of the Global Rare Earth Elements Market?
- Who are the key companies in the Global Rare Earth Elements Market?
Report Attribute
Details: No. of Pages 187
Published: January 2024
Forecast Period 2024 - 2030
Estimated Market Value ( USD ) in 2024 :$ 8.82 Billion
Forecasted Market Value ( USD ) by 2030 : $ 19.38 Billion
Compound Annual Growth Rate :13.9%
Regions Covered : Global
No. of Companies Mentioned: 23
Table of Contents
1. Preface
2. Research Methodology
3. Executive Summary4. Market Overview
5. Market Insights
6. Rare Earth Elements Market, by Product
7. Rare Earth Elements Market, by Type
8. Rare Earth Elements Market, by Application
9. Americas Rare Earth Elements Market
10. Asia-Pacific Rare Earth Elements Market
11. Europe, Middle East & Africa Rare Earth Elements Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
List of Figures
List of Tables
Companies Mentioned:
Alkane Resources Ltd.
American Rare Earths Limited
Arafura Resources Ltd.
Avalon Advanced Materials Inc.
Canada Rare Earth Corporation
China Rare Earth Holdings Limited
Energy Transition Minerals Ltd
Eutectix, LLC by Molycorp Inc.
Frontier Rare Earths Limited
Iluka Resource Ltd.
IREL Limited
Lynas Corporation Ltd.
Medallion Resources Ltd.
Minmetals Land Limited
Mitsubishi Corporation
NEO Materials
Northern Minerals Limited
Peak Rare Earths
Rare Element Resources Ltd.
Rio Tinto Group
Shin-Etsu Chemical Co. Ltd.
Ucore Rare Metals Inc.
Xiamen Tungsten Co., Ltd.
READ MORE : Methodology
R&M also reports on many other industries, including nuclear power (here).
Managed & Built by I2M Consulting, LLC | © 2010-
