Light Rare Earth Elements Market Impacts, CAGR, Growth Factors and Forecast From 2021 to 2027 - CHALCO, BAOGANG Group, Xiamen Tungsten

The “Light Rare Earth Elements” report provides details on the latest recent developments, trade regulations, import-export analysis, analysis of production, value chain optimization, market share, the impact of players on the national and localized market, analysis of opportunities in terms of emerging income pockets, changes in market regulations, strategic analysis of the market growth, market size, market growth of categories, application and domain niches, product approvals, product launches, geographic expansions, technological innovations in the market.

“The Light Rare Earth Elements Market is predicted to register a CAGR of 12.55% over the forecast period 2021 – 2027.”

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Key Competitors of the Light Rare Earth Elements market is: China Minmetals Corporation, CHALCO, BAOGANG Group, Xiamen Tungsten, Guangdong Rising, China Southern Rare Earth Group, China Rare Earth Holdings, Arafura, Avalon Rare Metals, Indian Rare Earths, Lynas, Greenland Minerals & Energy, Rare Element Resources, , Steenkampskraal (Anglo American), Frontier Rare Earths

Market Overview

In the medium term, the major factors driving the growth of the market studied are the high demand from emerging economies, the dependency of 'Green Technology' on rare earth elements, and companies focusing on R&D.
On the flip side, the inconsistent supply and impact of COVID-19 are some concerns affecting the growth of the studied market.
The increasing scandium usage in aerospace applications is likely to provide opportunities for the studied market during the forecast period.

This report Provides intelligent marketing research for smarter decision-making and resource investment estimation. The report discusses these elements and describes the main players that are expected to extend the demand for the Light Rare Earth Elements market within the upcoming years.

Light Rare Earth Elements market report introduces some features and provides a basic view of the most players. In this report provides a comprehensive and in-depth review of the market. The players are likewise presenting newer product varieties within the market to reinforce the merchandise portfolio by embracing the new innovation and completing it in their business.

The Light Rare Earth Elements market is often split supported product types, major applications, and important countries as follows:

Major Types covered are:

Lanthanum

Cerium

Praseodymium

Neodymium

Promethium

Samarium

Gadolinium

Major Applications covered are:

Magnets

Catalysts

Metallurgy

Polishing

Glass

Phosphors

Ceramics

Others

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Key Market Trends

Increasing Demand for Magnets

Magnets stand to be one of the largest applications for rare earth elements. Magnets find extensive applications in various industries, such as electronics, automotive, power generation, medical, etc.
Magnets are used in computer hard drives, microwave power tubes, anti-lock brakes, automotive parts, disk drive motors, frictionless bearings, power generation, magnetic refrigeration, microphones and speakers, communication systems, and MRI.
Industries, such as automotive, electronics, and healthcare, have been witnessing innovation and development, driving the demand for magnets in such industries.

Regional market Light Rare Earth Elements (regional production, demand, and forecast by country):

Asia-Pacific Region to Dominate the Market

The Asia-Pacific region dominated the global market share. With increasing investments in the healthcare industry and the rising ceramic demand and production, the consumption of rare earth elements is projected to increase noticeably in the region.
According to OICA, the total number of motor vehicles produced in 2019 in China and India are 25.75 million units and 4.52 million units, respectively. However, in 2020, this value in production declined by around 2% and 25%, respectively. This decline in production was majorly due to the impact of the COVID-19 pandemic.

North America (United States, Canada, Mexico)

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situation, most important trade models, and consequently the possibly headways in services with the aid of using crucial gamers inside the upcoming years.

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Recent Developments

In February 2021, Avalon Advanced Materials has announced that the company entered an agreement to acquire 2333382 Ontario INC., a private Ontario corporation with four industrial mineral mines and a processing plant in Matheson, Ontario. The companies have analyzed that the presence of rare earth, scandium, and zirconium will be recoverable through tailing processes in the Ontario INC plants.
In January 2021, Rio Tinto started producing scandium oxide with the construction of a commercial-scale demonstration plant in Sorel-Tracy, Quebec. The initial capacity of the scandium oxide is 3 ton per year, about 20% of the current global production.

Report Features:

To project the worth and sales volume of the Light Rare Earth Elements market, with reference to key regions.
To analyses competitive developments like expansions, agreements, new product launches, and acquisitions within the market.
To study and analyses the global Light Rare Earth Elements market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
to know the structure of the Light Rare Earth Elements market by identifying its various sub-segments.
To percentage targeted records approximately the important thing elements influencing the enlargement of the market (increase potential, opportunities, industry-particular challenges, and risks).

Report Customization:

The Global Light Rare Earth Elements Market report may be modified to meet your specific business needs. Because we understand what our clients want, we offer 25% customization for any of our MarketIntelligenceData reports at no additional cost to all or any of our clients.

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