Market Overview:
Rare earth concentrate is a type of mineral that contains rare earth elements. It is usually found in the form of oxides and sulfates. The global rare earth concentrate market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for rare earth elements from various applications such as metallurgy, catalytic material, hydrogen storage materials, and others.
Product Definition:
A rare earth concentrate is a type of mineral deposit that contains significant concentrations of rare earth elements. These elements are used in a variety of high-tech applications, making the concentrate an important resource for the technology industry.
Cerium:
Cerium (III) oxide is a mineral, which occurs in nature as glacial acetic acid. Cerium(III) oxide has the chemical formula CeO3. It is a white solid and very hygroscopic with pore-like structure. The crystals are typically monoclinic, but often show polycristalline or even triclinic habits.
Lanthanum:
Lanthanum or La(3) is a chemical element which has the symbol Lan and atomic number 3. It is a soft, ductile, silvery-white metal that is highly corrosion resistant. Its compounds are used in various applications including rare earths (La+), ceramics, and electronics. Lanthanum shows excellent resistance to oxidation and reduction due to its electron configuration.
Application Insights:
Metallurgy application segment accounted for the largest share of over 30% in 2017. It is anticipated to be the fastest-growing segment over the forecast period owing to increasing demand for rare earth metals from various end-use industries including automotive, construction, and electronics. The expansion of manufacturing facilities in China and India coupled with growing demand from European countries will drive growth in metallurgy applications.
The permanent magnet materials segment is expected to grow at a significant rate during the forecast period owing to rising use of rare earth magnets in numerous appliances including refrigerators, hard disk drives, washing machines, and microwave ovens. Growing penetration of electronic products along with technological advancements such as smart packaging will propel industry growth further.
Regional Analysis:
Asia Pacific dominated the global rare earth concentrate market in 2016 and is expected to continue its dominance over the forecast period. China accounted for a major share of global production owing to easy availability of raw materials and presence of large number of manufacturers in the country. In 2017, China produced nearly 90% total rare earth consumption amounting to about 6300 kilotons.
China has increased its exports from 50% in 2014 to 60-70% since 2015 mainly to Japan, India, South Korea, and Taiwan which are facing acute shortage problems due as they have discontinued their nuclear power plants construction projects after the Fukushima accident. Increasing exports from China has reduced domestic prices making it difficult for U.S.
Growth Factors:
- Increasing demand from the electronics and automotive industries
- Growing popularity of electric vehicles
- Stringent environmental regulations worldwide
- Rising demand for renewable energy sources
- Technological advancements in rare earth extraction and refining processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Rare Earth Concentrate Market Research Report
By Type
Cerium, Lanthanum, Neodymium, Praseodymium, Others
By Application
Metallurgy, Rare Earth Permanent Magnet Materials, Catalytic Material, Hydrogen Storage Materials, Others
By Companies
Beifang Rare Earth, Lynas Corporation Ltd., Molycorp, Inner Mongolia Baotou Steel, Chinalco Yunnan Copper Resources Ltd., Rare Elements Resources Ltd., Greenland Rare Earth, Integral Materials Investment Vietnam, Chenguang Rare Earths New Material, Sunlux Rare Metal, Grirem Advanced Materials, Baotou Xinye New Materials, Ganzhou Rare Earth Metals, Jiangtong Rare Earth, Xiamen Tungsten, Shenghe Resources, Yiyang Hongyuan Rare Earth, MP Materials
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Rare Earth Concentrate Market Report Segments:
The global Rare Earth Concentrate market is segmented on the basis of:
Types
Cerium, Lanthanum, Neodymium, Praseodymium, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Metallurgy, Rare Earth Permanent Magnet Materials, Catalytic Material, Hydrogen Storage Materials, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Beifang Rare Earth
- Lynas Corporation Ltd.
- Molycorp
- Inner Mongolia Baotou Steel
- Chinalco Yunnan Copper Resources Ltd.
- Rare Elements Resources Ltd.
- Greenland Rare Earth
- Integral Materials Investment Vietnam
- Chenguang Rare Earths New Material
- Sunlux Rare Metal
- Grirem Advanced Materials
- Baotou Xinye New Materials
- Ganzhou Rare Earth Metals
- Jiangtong Rare Earth
- Xiamen Tungsten
- Shenghe Resources
- Yiyang Hongyuan Rare Earth
- MP Materials
Highlights of The Rare Earth Concentrate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cerium
- Lanthanum
- Neodymium
- Praseodymium
- Others
- By Application:
- Metallurgy
- Rare Earth Permanent Magnet Materials
- Catalytic Material
- Hydrogen Storage Materials
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rare Earth Concentrate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rare earth concentrate is a type of mineral concentrate that contains rare earth elements. These elements are typically found in small quantities and are difficult to extract from the ground.
Some of the major companies in the rare earth concentrate market are Beifang Rare Earth, Lynas Corporation Ltd., Molycorp, Inner Mongolia Baotou Steel, Chinalco Yunnan Copper Resources Ltd., Rare Elements Resources Ltd., Greenland Rare Earth, Integral Materials Investment Vietnam, Chenguang Rare Earths New Material, Sunlux Rare Metal, Grirem Advanced Materials, Baotou Xinye New Materials, Ganzhou Rare Earth Metals, Jiangtong Rare Earth, Xiamen Tungsten, Shenghe Resources, Yiyang Hongyuan Rare Earth, MP Materials.
The rare earth concentrate market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rare Earth Concentrate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Rare Earth Concentrate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rare Earth Concentrate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Rare Earth Concentrate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Rare Earth Concentrate Market Size & Forecast, 2018-2028
4.5.1 Rare Earth Concentrate Market Size and Y-o-Y Growth
4.5.2 Rare Earth Concentrate Market Absolute $ Opportunity
Chapter 5 Global Rare Earth Concentrate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Rare Earth Concentrate Market Size Forecast by Type
5.2.1 Cerium
5.2.2 Lanthanum
5.2.3 Neodymium
5.2.4 Praseodymium
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Rare Earth Concentrate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Rare Earth Concentrate Market Size Forecast by Applications
6.2.1 Metallurgy
6.2.2 Rare Earth Permanent Magnet Materials
6.2.3 Catalytic Material
6.2.4 Hydrogen Storage Materials
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rare Earth Concentrate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Rare Earth Concentrate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Rare Earth Concentrate Analysis and Forecast
9.1 Introduction
9.2 North America Rare Earth Concentrate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Rare Earth Concentrate Market Size Forecast by Type
9.6.1 Cerium
9.6.2 Lanthanum
9.6.3 Neodymium
9.6.4 Praseodymium
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Rare Earth Concentrate Market Size Forecast by Applications
9.10.1 Metallurgy
9.10.2 Rare Earth Permanent Magnet Materials
9.10.3 Catalytic Material
9.10.4 Hydrogen Storage Materials
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Rare Earth Concentrate Analysis and Forecast
10.1 Introduction
10.2 Europe Rare Earth Concentrate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Rare Earth Concentrate Market Size Forecast by Type
10.6.1 Cerium
10.6.2 Lanthanum
10.6.3 Neodymium
10.6.4 Praseodymium
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Rare Earth Concentrate Market Size Forecast by Applications
10.10.1 Metallurgy
10.10.2 Rare Earth Permanent Magnet Materials
10.10.3 Catalytic Material
10.10.4 Hydrogen Storage Materials
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Rare Earth Concentrate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Rare Earth Concentrate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Rare Earth Concentrate Market Size Forecast by Type
11.6.1 Cerium
11.6.2 Lanthanum
11.6.3 Neodymium
11.6.4 Praseodymium
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Rare Earth Concentrate Market Size Forecast by Applications
11.10.1 Metallurgy
11.10.2 Rare Earth Permanent Magnet Materials
11.10.3 Catalytic Material
11.10.4 Hydrogen Storage Materials
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Rare Earth Concentrate Analysis and Forecast
12.1 Introduction
12.2 Latin America Rare Earth Concentrate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Rare Earth Concentrate Market Size Forecast by Type
12.6.1 Cerium
12.6.2 Lanthanum
12.6.3 Neodymium
12.6.4 Praseodymium
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Rare Earth Concentrate Market Size Forecast by Applications
12.10.1 Metallurgy
12.10.2 Rare Earth Permanent Magnet Materials
12.10.3 Catalytic Material
12.10.4 Hydrogen Storage Materials
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Rare Earth Concentrate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Rare Earth Concentrate Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Rare Earth Concentrate Market Size Forecast by Type
13.6.1 Cerium
13.6.2 Lanthanum
13.6.3 Neodymium
13.6.4 Praseodymium
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Rare Earth Concentrate Market Size Forecast by Applications
13.10.1 Metallurgy
13.10.2 Rare Earth Permanent Magnet Materials
13.10.3 Catalytic Material
13.10.4 Hydrogen Storage Materials
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Rare Earth Concentrate Market: Competitive Dashboard
14.2 Global Rare Earth Concentrate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Beifang Rare Earth
14.3.2 Lynas Corporation Ltd.
14.3.3 Molycorp
14.3.4 Inner Mongolia Baotou Steel
14.3.5 Chinalco Yunnan Copper Resources Ltd.
14.3.6 Rare Elements Resources Ltd.
14.3.7 Greenland Rare Earth
14.3.8 Integral Materials Investment Vietnam
14.3.9 Chenguang Rare Earths New Material
14.3.10 Sunlux Rare Metal
14.3.11 Grirem Advanced Materials
14.3.12 Baotou Xinye New Materials
14.3.13 Ganzhou Rare Earth Metals
14.3.14 Jiangtong Rare Earth
14.3.15 Xiamen Tungsten
14.3.16 Shenghe Resources
14.3.17 Yiyang Hongyuan Rare Earth
14.3.18 MP Materials
