Rare Earth Metals Recycling Market to Witness Huge Growth by Key Players: Lynas Corporation, Alkane Resources ltd, China Minmetals Rare Earth Co Ltd, Iluka Resource Ltd

Global Rare Earth Metals Recycling Market 2022-2026, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The rare-earth metals market is projected to grow from USD 5.3 billion in 2021 to USD 9.6 billion by 2026, at a CAGR of 12.33% during the forecast period.

The report provides a comprehensive analysis of company profiles listed below:
• Lynas Corporation (Australia)
• Alkane Resources ltd (Australia)
• Arafura Resources Ltd (Australia)
• China Minmetals Rare Earth Co Ltd (China)
• Avalon Advanced Materials Inc (Canada)
• Iluka Resource Ltd (Australia)
• Canada Rare Earth Corporation (Canada)

"In terms of value, Neodymium oxide segment is projected to lead the global rare-earth metals market through 2026."
The Neodymium oxide segment is projected to lead the rare-earth metals market, in terms of value, during the forecast period. Neodymium oxide is used to produce magnets which are found in most modern vehicles and aircraft as well as popular consumer electronics, such as headphones, microphones, and computer discs . It is used in high-strength permanent magnets that are also known as neodymium-iron-boron (NdFeB) magnets and are one of the strongest magnets in the world. Incresing use of Clean energy application has driven the market.

"The Phosphors segment is projected to be the fastest-growing segment by applications throughout the forecast period."
The Phosphors segment, by application, is projected to grow at the highest CAGR during the forecast period. Phosphors used in many applications that require color in the light exhibited, namely, cathode ray tube displays, fluo¬rescent lamps, and other applications. The important elements in this sector are terbium and yttrium. Phosphors are used to convert the incident radiation into the light of designed colors. This is based on the properties of the elements that are included in the phosphors.
The demand for rare-earth oxide phosphor products is expected to increase, due to the government policies in US, Canada, China, among other countries, and the European Union, where the incandescent lamps are being replaced with fluorescent and LED lamps.

"In terms of value, the Asia rare-earth metals market is projected to grow at the highest CAGR during the forecast period."
APAC is the largest producer and consumer of rare-earth metals across the globe, with almost all major manufacturers and end-use companies present in the region. APAC has witnessed tremendous growth in the past few years, driven by the growing population, favorable investment policies, growing economies, and government initiatives directed at promoting electronics and automobile industries in the region. APAC is the top region in terms of total rare-earth material consumption due to rapidly increasing demand in China, which accounts for maximum global rare-earth consumption. It was the largest consumer of rare-earth elements in 2019, with estimated market revenue of over USD 5.2 billion. The region is also expected to witness the fastest-growth in terms of consumption due to growing industrialization and extraction activities in China.

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Competitive Landscape of Rare Earth Metals Recycling Market:
1 Overview
2 Market Ranking Analysis
2.1 Solvay Sa
2.2 Hitachi Metals, Ltd.
2.3 Umicore
2.4 Energy Fuels, Inc.
2.5 Global Tungsten & Powders Corp.
3 Market Share Analysis
4 Company Evaluation Quadrant
4.1 Star
4.2 Emerging Leaders
4.3 Pervasive
5 Sme Matrix, 2020
5.1 Progressive Companies
5.2 Responsive Companies
5.3 Dynamic Companies
5.4 Starting Blocks
6 Competitive Scenario
6.1 Collaboration & Acquisition

Research Coverage:
The market study covers the rare-earth metals market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, application and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the rare-earth metals market.

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This release was published on openPR.