Market Overview:
The global rare earth elements market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for rare earth elements in various applications, such as magnets, catalysts, metallurgy, polishing, glass, phosphors and ceramics. Asia Pacific is expected to dominate the global rare earth elements market during the forecast period owing to the presence of major manufacturing hubs in countries such as China and Japan.
Product Definition:
Rare earth elements are a group of 17 chemical elements in the periodic table, specifically the lanthanides. These are important for many reasons: they make up essential components in technology such as smartphones, lasers and electric vehicles; they're also used in defense applications and have unique magnetic properties.
Cerium:
Cerium is a chemical element, which occurs in several minerals including bastnaesite and ulexite. It was first discovered in 1803 by the French mineralogist Charles Hatry who named it after the Latin word for chain. Cerium is a soft silvery metal that exhibits an excellent ability to withstand corrosion due to its high metallic purity and low reactivity towards various substances.
Dysprosium:
Dysprosium is a chemical element that occurs in various minerals. It has the symbol Dy and the atomic number 66. It was first discovered in 1803 by a French physician, Charles Louis de La Condamine. The metal is very hard and brittle with a silver color when it is exposed to air; however, it becomes soft and black when it comes into contact with water or other substances.
Application Insights:
The magnets segment dominated the global rare earth elements market in terms of revenue share in 2017. The increasing demand for neodymium magnets from various applications including consumer electronics, motors, and hard drives is expected to drive the product demand over the forecast period.
Ceramics was another prominent application that accounted for a significant market share in 2017. Increasing use of ceramics as a substitute for traditional materials such as glass and metals is projected to boost product consumption over the next eight years.
Regional Analysis:
Asia Pacific is anticipated to be the largest market for rare earth elements accounting for over 50% of global production in 2015. China, which is the leading producer and consumer of rare earth, accounted for around 95% of global production in 2015 owing to low cost as compared to other regions. However, with increasing use in magnets coupled with growing demand from end-use industries such as electronics and automotive has led to a rise in consumption across the globe.
North America was one of the significant consumers due to high usage across sectors such as magnets used by manufacturers including Ford Motors; catalysts used by chemical companies including ExxonMobil; polishing agents used by metal fabricators including Schure Corporation; phosphors utilized by LED manufacturers like Cree Inc.; ceramics utilized by automakers like General Motors Company LLC.; and other applications requiring Rare Earth Elements (REEs) include lighting components, solar panels, wind turbines among others.
Growth Factors:
- Increasing demand from the electronics and automotive industries
- Growing popularity of electric vehicles
- Rising demand for renewable energy sources
- Stringent environmental regulations worldwide
- Technological advancements in the extraction and refining processes of rare earth elements
Scope Of The Report
Report Attributes
Report Details
Report Title
Rare Earth Elements Market Research Report
By Type
Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium, Praseodymium
By Application
Magnets, Catalysts, Metallurgy, Polishing, Glass, Phosphors, Ceramics, Other
By Companies
Arafura, Alkane Resources, Avalon Rare Metals, China Rare Earth Holdings, Indian Rare Earths, Lynas, Great Western Minerals, Greenland Minerals & Energy, Rare Element Resources, Molycorp, Arafura, Frontier Rare Earths
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Rare Earth Elements Market Report Segments:
The global Rare Earth Elements market is segmented on the basis of:
Types
Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium, Praseodymium
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
Magnets, Catalysts, Metallurgy, Polishing, Glass, Phosphors, Ceramics, Other
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:
- Arafura
- Alkane Resources
- Avalon Rare Metals
- China Rare Earth Holdings
- Indian Rare Earths
- Lynas
- Great Western Minerals
- Greenland Minerals & Energy
- Rare Element Resources
- Molycorp
- Arafura
- Frontier Rare Earths
Highlights of The Rare Earth Elements 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
- Dysprosium
- Erbium
- Europium
- Gadolinium
- Holmium
- Lanthanum
- Lutetium
- Neodymium
- Praseodymium
- By Application:
- Magnets
- Catalysts
- Metallurgy
- Polishing
- Glass
- Phosphors
- Ceramics
- Other
- 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 Elements 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- 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 elements are a group of seventeen chemical elements that are not found in nature in significant quantities. They were first isolated and named by the Swedish chemist Jöns Jakob Berzelius in 1817. The rare earths are usually found as minerals, but they can also be produced by burning certain types of coal.
Some of the major players in the rare earth elements market are Arafura, Alkane Resources, Avalon Rare Metals, China Rare Earth Holdings, Indian Rare Earths, Lynas, Great Western Minerals, Greenland Minerals & Energy, Rare Element Resources, Molycorp, Arafura, Frontier Rare Earths.
The rare earth elements 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 Elements 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 Elements Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rare Earth Elements 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 Elements 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 Elements Market Size & Forecast, 2020-2028
4.5.1 Rare Earth Elements Market Size and Y-o-Y Growth
4.5.2 Rare Earth Elements Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Cerium
5.2.2 Dysprosium
5.2.3 Erbium
5.2.4 Europium
5.2.5 Gadolinium
5.2.6 Holmium
5.2.7 Lanthanum
5.2.8 Lutetium
5.2.9 Neodymium
5.2.10 Praseodymium
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Magnets
6.2.2 Catalysts
6.2.3 Metallurgy
6.2.4 Polishing
6.2.5 Glass
6.2.6 Phosphors
6.2.7 Ceramics
6.2.8 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rare Earth Elements 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 Elements 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Cerium
9.6.2 Dysprosium
9.6.3 Erbium
9.6.4 Europium
9.6.5 Gadolinium
9.6.6 Holmium
9.6.7 Lanthanum
9.6.8 Lutetium
9.6.9 Neodymium
9.6.10 Praseodymium
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 Market Size Forecast by Applications
9.10.1 Magnets
9.10.2 Catalysts
9.10.3 Metallurgy
9.10.4 Polishing
9.10.5 Glass
9.10.6 Phosphors
9.10.7 Ceramics
9.10.8 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Cerium
10.6.2 Dysprosium
10.6.3 Erbium
10.6.4 Europium
10.6.5 Gadolinium
10.6.6 Holmium
10.6.7 Lanthanum
10.6.8 Lutetium
10.6.9 Neodymium
10.6.10 Praseodymium
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 Market Size Forecast by Applications
10.10.1 Magnets
10.10.2 Catalysts
10.10.3 Metallurgy
10.10.4 Polishing
10.10.5 Glass
10.10.6 Phosphors
10.10.7 Ceramics
10.10.8 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Cerium
11.6.2 Dysprosium
11.6.3 Erbium
11.6.4 Europium
11.6.5 Gadolinium
11.6.6 Holmium
11.6.7 Lanthanum
11.6.8 Lutetium
11.6.9 Neodymium
11.6.10 Praseodymium
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 Market Size Forecast by Applications
11.10.1 Magnets
11.10.2 Catalysts
11.10.3 Metallurgy
11.10.4 Polishing
11.10.5 Glass
11.10.6 Phosphors
11.10.7 Ceramics
11.10.8 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Cerium
12.6.2 Dysprosium
12.6.3 Erbium
12.6.4 Europium
12.6.5 Gadolinium
12.6.6 Holmium
12.6.7 Lanthanum
12.6.8 Lutetium
12.6.9 Neodymium
12.6.10 Praseodymium
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 Market Size Forecast by Applications
12.10.1 Magnets
12.10.2 Catalysts
12.10.3 Metallurgy
12.10.4 Polishing
12.10.5 Glass
12.10.6 Phosphors
12.10.7 Ceramics
12.10.8 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Cerium
13.6.2 Dysprosium
13.6.3 Erbium
13.6.4 Europium
13.6.5 Gadolinium
13.6.6 Holmium
13.6.7 Lanthanum
13.6.8 Lutetium
13.6.9 Neodymium
13.6.10 Praseodymium
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) Market Size Forecast by Applications
13.10.1 Magnets
13.10.2 Catalysts
13.10.3 Metallurgy
13.10.4 Polishing
13.10.5 Glass
13.10.6 Phosphors
13.10.7 Ceramics
13.10.8 Other
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 Elements Market: Competitive Dashboard
14.2 Global Rare Earth Elements Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arafura
14.3.2 Alkane Resources
14.3.3 Avalon Rare Metals
14.3.4 China Rare Earth Holdings
14.3.5 Indian Rare Earths
14.3.6 Lynas
14.3.7 Great Western Minerals
14.3.8 Greenland Minerals & Energy
14.3.9 Rare Element Resources
14.3.10 Molycorp
14.3.11 Arafura
14.3.12 Frontier Rare Earths
