Market Overview:
The global rare earth compounds 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 compounds in various applications such as catalysts, ceramics, phosphors, metal alloys and magnets. Asia Pacific is expected to be the fastest growing region during the forecast period owing to the presence of major manufacturing hubs for these applications.
Product Definition:
Rare earth compounds are a type of chemical compound that contains one or more rare earth elements. These elements are typically found in the Earth's crust in concentrations of less than 100 parts per million. Rare earth compounds have a variety of applications, including use in lasers, fluorescent lights, and rechargeable batteries. They are also used to produce catalysts for oil refining and petrochemical processing.
Cerium:
Cerium is a chemical element that occurs in nature as the oxide ore. It was first discovered in 1803 and named after the Latin word for 'acid-free'. Cerium (III) oxide is used as an additive to rare earth metal alloys to improve their hardness. The product also finds application in glass, ceramics, and detergents industries.
Neodymium:
Neodymium is a chemical element, which is located in the periodic table next to yttrium and lanthanum. It has the symbol Nd and atomic number 60. The softness of neodymium makes it an excellent material for use in magnetic applications; it can also be used as a glass-former in windows, etc.
Application Insights:
Ceramics was the dominant application segment in 2017 and accounted for a revenue share of more than 40.0% in the market. The cerium oxide catalyst is used extensively in chemical industries to produce ethylene glycol, which is subsequently utilized as a raw material for manufacturing ceramic tiles, bathroom fittings and other sanitary ware products. Neodymium magnets are widely used in hard disk drives as they have high strength and NIB (Neodymium-Iron-Boron) coating makes them resistant to corrosion caused by oxygen or moisture inside the magnetic storage media.
The metal alloys segment is expected to witness significant growth over the forecast period owing to increasing demand from various end-use industries including construction, automotive & transportation, electrical & electronics sectors among others.
Regional Analysis:
Asia Pacific dominated the global rare earth compounds market in 2016 and is expected to continue its dominance over the forecast period. China accounted for a share of more than 70% of global production owing to large scale mining activities as well as high demand from various end-use industries such as automotive, electronics, etc. in this region. The growing manufacturing sector across emerging economies such as India and China is also anticipated to propel product demand over the next eight years.
The European market was valued at USD X million in 2016.
Growth Factors:
- Increasing demand for rare earth compounds in various end-use industries such as electronics, automotive, and aerospace
- Rising production of electric vehicles and hybrid vehicles which require rare earth compounds for their functioning
- Growing investments in research and development activities for the discovery of new applications of rare earth compounds
- Proliferation of nanotechnology that is fueling the demand for rare earth nanoparticles
- Stringent environmental regulations compelling companies to use more efficient and environment-friendly technologies that require rare earth compounds
Scope Of The Report
Report Attributes
Report Details
Report Title
Rare Earth Compounds Market Research Report
By Type
Cerium, Neodymium, Lanthanum, Dysprosium, Terbium, Yttrium, Other
By Application
Catalysts, Ceramics, Phosphors, Metal Alloys, Magnets
By Companies
China Minmetals Corporation, Ganzhou Rare Earth Group, Great Western Minerals Group, Peak Resources, Greenland Minerals & Energy, Iluka Resources, Tantalus Rare Earths, Ucore Rare Metals, International Ferro Metals, Lynas Corporation, Molybdenum Corporation of America, Arafura Resources, Avalon Rare Metals, Molycorp Metals and Alloys, Northern Minerals, Orbite Aluminae, Aluminum Corporation of China, Shin-Etsu Chemical, Stans Energy, Quest Rare Minerals, Rare Element Resources, Rising Nonferrous Metals Share
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Rare Earth Compounds Market Report Segments:
The global Rare Earth Compounds market is segmented on the basis of:
Types
Cerium, Neodymium, Lanthanum, Dysprosium, Terbium, Yttrium, Other
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
Catalysts, Ceramics, Phosphors, Metal Alloys, Magnets
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:
- China Minmetals Corporation
- Ganzhou Rare Earth Group
- Great Western Minerals Group
- Peak Resources
- Greenland Minerals & Energy
- Iluka Resources
- Tantalus Rare Earths
- Ucore Rare Metals
- International Ferro Metals
- Lynas Corporation
- Molybdenum Corporation of America
- Arafura Resources
- Avalon Rare Metals
- Molycorp Metals and Alloys
- Northern Minerals
- Orbite Aluminae
- Aluminum Corporation of China
- Shin-Etsu Chemical
- Stans Energy
- Quest Rare Minerals
- Rare Element Resources
- Rising Nonferrous Metals Share
Highlights of The Rare Earth Compounds 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
- Neodymium
- Lanthanum
- Dysprosium
- Terbium
- Yttrium
- Other
- By Application:
- Catalysts
- Ceramics
- Phosphors
- Metal Alloys
- Magnets
- 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 Compounds 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
- Channel & Customer Management
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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 occur in relatively small quantities on Earth. They are essential for many technologies, including smartphones, solar panels, and wind turbines.
Some of the key players operating in the rare earth compounds market are China Minmetals Corporation, Ganzhou Rare Earth Group, Great Western Minerals Group, Peak Resources, Greenland Minerals & Energy, Iluka Resources, Tantalus Rare Earths, Ucore Rare Metals, International Ferro Metals, Lynas Corporation, Molybdenum Corporation of America, Arafura Resources, Avalon Rare Metals, Molycorp Metals and Alloys, Northern Minerals, Orbite Aluminae, Aluminum Corporation of China, Shin-Etsu Chemical, Stans Energy, Quest Rare Minerals, Rare Element Resources, Rising Nonferrous Metals Share.
The rare earth compounds market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rare Earth Compounds Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rare Earth Compounds Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rare Earth Compounds Market - Supply Chain
4.5. Global Rare Earth Compounds Market Forecast
4.5.1. Rare Earth Compounds Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rare Earth Compounds Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rare Earth Compounds Market Absolute $ Opportunity
5. Global Rare Earth Compounds Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Rare Earth Compounds Market Size and Volume Forecast by Type
5.3.1. Cerium
5.3.2. Neodymium
5.3.3. Lanthanum
5.3.4. Dysprosium
5.3.5. Terbium
5.3.6. Yttrium
5.3.7. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rare Earth Compounds Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Rare Earth Compounds Market Size and Volume Forecast by Application
6.3.1. Catalysts
6.3.2. Ceramics
6.3.3. Phosphors
6.3.4. Metal Alloys
6.3.5. Magnets
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rare Earth Compounds Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Rare Earth Compounds Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Rare Earth Compounds Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Rare Earth Compounds Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Rare Earth Compounds Demand Share Forecast, 2019-2026
9. North America Rare Earth Compounds Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Rare Earth Compounds Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Rare Earth Compounds Market Size and Volume Forecast by Application
9.4.1. Catalysts
9.4.2. Ceramics
9.4.3. Phosphors
9.4.4. Metal Alloys
9.4.5. Magnets
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rare Earth Compounds Market Size and Volume Forecast by Type
9.7.1. Cerium
9.7.2. Neodymium
9.7.3. Lanthanum
9.7.4. Dysprosium
9.7.5. Terbium
9.7.6. Yttrium
9.7.7. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Rare Earth Compounds Demand Share Forecast, 2019-2026
10. Latin America Rare Earth Compounds Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Rare Earth Compounds Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Rare Earth Compounds Market Size and Volume Forecast by Application
10.4.1. Catalysts
10.4.2. Ceramics
10.4.3. Phosphors
10.4.4. Metal Alloys
10.4.5. Magnets
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rare Earth Compounds Market Size and Volume Forecast by Type
10.7.1. Cerium
10.7.2. Neodymium
10.7.3. Lanthanum
10.7.4. Dysprosium
10.7.5. Terbium
10.7.6. Yttrium
10.7.7. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Rare Earth Compounds Demand Share Forecast, 2019-2026
11. Europe Rare Earth Compounds Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Rare Earth Compounds Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Rare Earth Compounds Market Size and Volume Forecast by Application
11.4.1. Catalysts
11.4.2. Ceramics
11.4.3. Phosphors
11.4.4. Metal Alloys
11.4.5. Magnets
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rare Earth Compounds Market Size and Volume Forecast by Type
11.7.1. Cerium
11.7.2. Neodymium
11.7.3. Lanthanum
11.7.4. Dysprosium
11.7.5. Terbium
11.7.6. Yttrium
11.7.7. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growh Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rare Earth Compounds Demand Share, 2019-2026
12. Asia Pacific Rare Earth Compounds Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Rare Earth Compounds Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Rare Earth Compounds Market Size and Volume Forecast by Application
12.4.1. Catalysts
12.4.2. Ceramics
12.4.3. Phosphors
12.4.4. Metal Alloys
12.4.5. Magnets
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rare Earth Compounds Market Size and Volume Forecast by Type
12.7.1. Cerium
12.7.2. Neodymium
12.7.3. Lanthanum
12.7.4. Dysprosium
12.7.5. Terbium
12.7.6. Yttrium
12.7.7. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Rare Earth Compounds Demand Share, 2019-2026
13. Middle East & Africa Rare Earth Compounds Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Rare Earth Compounds Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Rare Earth Compounds Market Size and Volume Forecast by Application
13.4.1. Catalysts
13.4.2. Ceramics
13.4.3. Phosphors
13.4.4. Metal Alloys
13.4.5. Magnets
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rare Earth Compounds Market Size and Volume Forecast by Type
13.7.1. Cerium
13.7.2. Neodymium
13.7.3. Lanthanum
13.7.4. Dysprosium
13.7.5. Terbium
13.7.6. Yttrium
13.7.7. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Rare Earth Compounds Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rare Earth Compounds Market: Market Share Analysis
14.2. Rare Earth Compounds Distributors and Customers
14.3. Rare Earth Compounds Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. China Minmetals Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ganzhou Rare Earth Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Great Western Minerals Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Peak Resources
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Greenland Minerals & Energy
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Iluka Resources
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tantalus Rare Earths
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ucore Rare Metals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. International Ferro Metals
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lynas Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Molybdenum Corporation of America
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Arafura Resources
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Avalon Rare Metals
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Molycorp Metals and Alloys
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Northern Minerals
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Orbite Aluminae
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Aluminum Corporation of China
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Shin-Etsu Chemical
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Stans Energy
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Quest Rare Minerals
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
