Press release
Rare Earth Element Market to reach USD 6.68 Bn by 2029, emerging at a CAGR of 12.3 percent and forecast 2023-2029
Rare Earth Element Market
This comprehensive report delves into the Rare Earth Element Market, providing insights into market dynamics, research methodology, drivers, restraints, and regional perspectives.
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Rare Earth Element Market Research Methodology:
The report employs a robust research methodology, combining extensive analysis of market trends, statistical data, and expert insights to present a holistic view of the Rare Earth Element Market's current and future landscape.
What are Rare Earth Element Market Dynamics:
Rare-earth permanent magnets, driven by their extensive use in the automotive sector, are expected to experience the highest growth during the forecast period. Additionally, the report underscores the crucial role of rare-earth metals in catalytic systems, particularly in automotive catalytic converters and oil refinery fluid cracking catalysts (FCCs).
The report also addresses the impact of China's reduction in export quotas on rare-earth metals, leading to price hikes, and how these price fluctuations affect supply networks and manufacturers. The growing significance of rare-earth metals in green technology and military applications is highlighted.
Rare Earth Element Market Regional Insights:
The report provides regional insights into North America, Europe, and the Asia Pacific. It highlights North America's growing demand for neodymium in electric vehicles, Europe's increased usage of rare earth elements in various industries, and the Asia Pacific's leading position in rare earth production and consumption.
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What is Rare Earth Element Market Segmentation:
The Rare Earth Element Market is segmented by Metal and Application. The report points out that cerium was the most prominent element in 2022, with praseodymium expected to experience substantial growth due to its usage in aviation engines. Magnet applications are identified as a major driver of rare earth element demand, with ceramics applications also expected to grow significantly.
Rare Earth Element Market, By Metal (2022-2029)
• Lanthanum
• Cerium
• Neodymium
• Praseodymium
• Samarium
Rare Earth Element Market, By Application (2022-2029)
• Permanent Magnets
• Metals Alloys
• Polishing
• Additives
• Catalysts
• Phosphors
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Who are Rare Earth Element Market Key Players:
• Ucore Rare Metals Inc
• Arafura Resources Limited
• Alkane Resources ltd
• Lynas Corporation
• Avalon Advanced Materials, Inc.
• Canada Rare Earth Corporation
• Iluka Resources Limited
• Baotou Jinmeng Rare Earth Co
• Northern Minerals Limited
• Shin-Etsu Chemical Co. Ltd.
• China Minmetals Rare Earth Co. Ltd.
• China Northern Rare Earth (Group) High-Tech Co., Ltd.
• Iluka Resource Ltd (Australia)
• Canada Rare Earth Corporation (Canada)
• Others
Table of content for the Rare Earth Element Market includes:
1.Global Rare Earth Element Market: Research Methodology
2.Global Rare Earth Element Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Rare Earth Element Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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