Market Overview:
The global rare earth market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for rare earths from various applications such as automotive, aerospace & defense, power generation, consumer goods & electronics, industrial machinery, and other applications. Asia Pacific is expected to dominate the global rare earth market during the forecast period.
Product Definition:
A rare earth metal is a member of the group of 17 elements that make up the lanthanide series on the periodic table. These metals are all relatively scarce in nature, which is why they're called "rare earths." The most common rare earth metals are cerium, neodymium and lanthanum.
The term "rare earth" can also be used to describe certain minerals that contain one or more of these metals. Rare earth minerals are found in many parts of the world, but China is currently the leading producer.
Rare-earth Sintered Magnet:
Rare earth is a generic name for 17 elements, which are located in several groups. Some of these elements are yttrium (Y), cerium (Ce), lanthanum (La), neodymium (Nd), praseodymium (Pr) and dysprosium (Dy). These metals have very specific properties; they are hard to find and expensive to extract. They occur in nature, but their concentration is too low for practical use.
Rare-earth Bonded Magnet:
Rare earth bonded magnets are permanent magnets, whose magnetic properties can be varied by changing the alloying element from ferrous to rare earth elements. The most widely used rare earth element is neodymium.
Application Insights:
The application segment includes automotive, aerospace & defense, power generation, consumer goods and electronics, industrial machinery and other applications. The automotive sector accounted for the largest share in 2015 owing to the high demand from various electric vehicles (EV) manufacturers. The increasing penetration of EVs is expected to drive the rare earth market over the forecast period as these magnets provide clean energy storage solution with high efficiency that is required in large quantities for EV applications.
Rare-earth magnets are used in numerous appliances including washing machines and dishwashers because of their ability to cut down on water consumption while providing efficient cleaning performance. These products also have a number of environmental benefits since they consume less energy during operation compared with standard motors due to their higher efficiency levels which can go up to 90%. This factor along with rising awareness about environment protection coupled with growing concerns regarding global warming will drive product demand over the next eight years or so from this industry vertical.
Regional Analysis:
Asia Pacific dominated the global rare earth market in 2016 with a share of over 74%. The region is expected to continue its dominance over the forecast period. China is one of the leading producers and consumers of rare earth Elements (REE) in Asia Pacific. The country has huge reserves of REE which are still untapped, thus making it a key player in global markets.
The growing manufacturing sector coupled with high domestic demand from China is expected to drive growth across Asia Pacific during the forecast period. Growing investments by foreign players such as Molycorp and Lynas Corporation into Asian Rare Earth Element (AREE) projects will also contribute towards future growth across this region.
Growth Factors:
- Increasing demand from the electronics industry for rare earth elements (REE) due to the miniaturization of electronic devices and the increasing popularity of electric vehicles.
- The rising demand for clean energy has led to an increase in the use of REEs in wind turbines and solar panels.
- Growing awareness about the importance of REEs in various industrial applications is driving their adoption, which is likely to result in higher demand over time.
- Stringent environmental regulations on mining and production are resulting in a limited supply of REEs, which is likely to push up prices and encourage exploration activities by companies operating within this market space.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rare Earth Market Research Report
By Type
Rare-earth Sintered Magnet, Rare-earth Bonded Magnet, Other
By Application
Automotive, Aerospace & Defense, Power Generation, Consumer Goods & Electronics, Industrial Machinery, Other
By Companies
Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, YSM, JL MAG, ZHmag, Jingci Material Science, AT&M, NBJJ, Innuovo Magnetics, SGM, Galaxy Magnetic, Zhejiang Zhongyuan Magnetic, Earth- Panda, Magsuper, Daido Electronics, Pinghu Geor Chi Electronics
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Rare Earth Market Report Segments:
The global Rare Earth market is segmented on the basis of:
Types
Rare-earth Sintered Magnet, Rare-earth Bonded Magnet, 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
Automotive, Aerospace & Defense, Power Generation, Consumer Goods & Electronics, Industrial Machinery, 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:
- Hitachi Metals Group
- Shin-Etsu
- TDK
- VAC
- Beijing Zhong Ke San Huan Hi-Tech
- Yunsheng Company
- YSM
- JL MAG
- ZHmag
- Jingci Material Science
- AT&M
- NBJJ
- Innuovo Magnetics
- SGM
- Galaxy Magnetic
- Zhejiang Zhongyuan Magnetic
- Earth- Panda
- Magsuper
- Daido Electronics
- Pinghu Geor Chi Electronics
Highlights of The Rare Earth 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:
- Rare-earth Sintered Magnet
- Rare-earth Bonded Magnet
- Other
- By Application:
- Automotive
- Aerospace & Defense
- Power Generation
- Consumer Goods & Electronics
- Industrial Machinery
- 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 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 Elements are a group of seventeen elements that are not found in large enough quantities on Earth to be economically viable to extract. They include lanthanum, cerium, praseodymium, neodymium, promethium and samarium.
Some of the major companies in the rare earth market are Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, YSM, JL MAG, ZHmag, Jingci Material Science, AT&M, NBJJ, Innuovo Magnetics, SGM, Galaxy Magnetic, Zhejiang Zhongyuan Magnetic, Earth- Panda, Magsuper, Daido Electronics, Pinghu Geor Chi Electronics.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rare Earth 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 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 Market - Supply Chain
4.5. Global Rare Earth Market Forecast
4.5.1. Rare Earth Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rare Earth Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rare Earth Market Absolute $ Opportunity
5. Global Rare Earth 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 Market Size and Volume Forecast by Type
5.3.1. Rare-earth Sintered Magnet
5.3.2. Rare-earth Bonded Magnet
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rare Earth 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 Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aerospace & Defense
6.3.3. Power Generation
6.3.4. Consumer Goods & Electronics
6.3.5. Industrial Machinery
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rare Earth 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 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 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 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 Demand Share Forecast, 2019-2029
9. North America Rare Earth 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 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 Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aerospace & Defense
9.4.3. Power Generation
9.4.4. Consumer Goods & Electronics
9.4.5. Industrial Machinery
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rare Earth Market Size and Volume Forecast by Type
9.7.1. Rare-earth Sintered Magnet
9.7.2. Rare-earth Bonded Magnet
9.7.3. 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 Demand Share Forecast, 2019-2029
10. Latin America Rare Earth 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 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 Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aerospace & Defense
10.4.3. Power Generation
10.4.4. Consumer Goods & Electronics
10.4.5. Industrial Machinery
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rare Earth Market Size and Volume Forecast by Type
10.7.1. Rare-earth Sintered Magnet
10.7.2. Rare-earth Bonded Magnet
10.7.3. 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 Demand Share Forecast, 2019-2029
11. Europe Rare Earth 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 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 Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aerospace & Defense
11.4.3. Power Generation
11.4.4. Consumer Goods & Electronics
11.4.5. Industrial Machinery
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rare Earth Market Size and Volume Forecast by Type
11.7.1. Rare-earth Sintered Magnet
11.7.2. Rare-earth Bonded Magnet
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
1.9. Y-o-Y Growth 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 Demand Share, 2019-2029
12. Asia Pacific Rare Earth 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 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 Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aerospace & Defense
12.4.3. Power Generation
12.4.4. Consumer Goods & Electronics
12.4.5. Industrial Machinery
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rare Earth Market Size and Volume Forecast by Type
12.7.1. Rare-earth Sintered Magnet
12.7.2. Rare-earth Bonded Magnet
12.7.3. 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 Demand Share, 2019-2029
13. Middle East & Africa Rare Earth 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 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 Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aerospace & Defense
13.4.3. Power Generation
13.4.4. Consumer Goods & Electronics
13.4.5. Industrial Machinery
13.4.6. Other
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 Market Size and Volume Forecast by Type
13.7.1. Rare-earth Sintered Magnet
13.7.2. Rare-earth Bonded Magnet
13.7.3. 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 Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Rare Earth Market: Market Share Analysis
14.2. Rare Earth Distributors and Customers
14.3. Rare Earth Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hitachi Metals Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shin-Etsu
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TDK
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. VAC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Beijing Zhong Ke San Huan Hi-Tech
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yunsheng Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. YSM
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. JL MAG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ZHmag
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jingci Material Science
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. AT&M
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. NBJJ
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Innuovo Magnetics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SGM
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Galaxy Magnetic
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Zhejiang Zhongyuan Magnetic
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Earth- Panda
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Magsuper
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Daido Electronics
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Pinghu Geor Chi Electronics
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
