Rare Earth Compounds Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027

Rare Earth Compounds Market documented by Market Intelligence data (MID) means to offer a coordinated and orderly methodology for the major aspects that have influenced the market in the past and the forthcoming market prospects on which the organizations can depend upon before investing. It furnishes with a reasonable examination of the market for better decision-making and assessment to put resources into it. The report analyses the elements and a complete detailed outlook of the main players that are probably going to add to the demand in the Rare Earth Compounds in the upcoming years.

The Rare Earth Compounds Market is expected to register a CAGR of 9.76% over the forecast period 2022-2027.

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Market Overview

 However, there was a huge demand for consumer electronics due to the need for communication because of the lockdown and social distancing. Shut down of manufacturing plants and intermittent closure of physical stores in most parts of the world have created disturbances in the supply of consumer electronics. The aforementioned reasons negatively affected the rare earth magnets market. 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.

Major players in the Rare Earth Compounds market are:

China Minmetals Corporation, Ganzhou Rare Earth 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, Northern Minerals, Orbite Aluminae, Aluminum Corporation of China, Shin-Etsu Chemical, Stans Energy, Rare Element Resources, Rising Nonferrous Metals Share

On the basis of types, the global Rare Earth Compounds market from 2022 to 2027 is primarily split into:

Cerium
Neodymium
Lanthanum
Dysprosium
Terbium
Yttrium
Other

 On the basis of applications, the global Rare Earth Compounds market from 2022 to 2027 covers:

Catalysts
Ceramics
Phosphors
Metal Alloys
Magnets

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Regional Analysis:

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)

with sales, price, revenue, and market share from 2022 to 2027. All geographical markets ranging from emerging to current ones have been covered in the report. The global and regional conception evaluates the key factors, investment feasibility analysis, and SWOT analysis across various regions.

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%. This decline in production was majorly due to the impact of the COVID-19 pandemic. However, in the first half of 2021, the production of vehicles in the country reached 12,569,475 units, registering a growth rate of 24%, compared to 10,116,915 units, over the same period in 2020.

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The study objectives of this report are:

To study and analyse the global Rare Earth Compounds market size (value and volume) by the company, key regions/countries, products and application, history data from 2016 to 2022, and forecast to 2027.
To understand the structure of the Rare Earth Compounds market by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the Rare Earth Compounds market (growth potential, opportunities, drivers, industry-specific challenges, and risks).
Focuses on the key global Rare Earth Compounds market manufacturers, to define, describe, and analyse the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.

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Report Features:                           

The report delivers a detailed view of the industry based on Rare Earth Compounds Market size, market growth, and opportunities. The report also analyses market key aspects such as-

- Rare Earth Compounds Market structure: Overview, industry life cycle analysis, supply chain analysis

- Rare Earth Compounds Market environment analysis: Growth drivers and constraints, and SWOT analysis.

- Rare Earth Compounds Market trend and forecast analysis

- Rare Earth Compounds Market segment trend and forecast

-Competitive landscape and dynamics: Rare Earth Compounds Market share, product launches, etc.

-Attractive market segments and associated growth opportunities

-Emerging trends

-Strategic growth opportunities for the existing and new players

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