Rare Earth Metals Market 2024: In-depth Size Analysis, Current Trends, Competitive Landscape, and Growth Opportunities till 2031 | China Northern Rare Earth (Group) High-Tech Co.

Market Overview:

Rare earth metals refer to a group of seventeen chemical elements namely scandium, yttrium, and the fifteen lanthanides. Rare earth metals are crucial components in myriad clean energy technologies and electronics. They are used in manufacturing rechargeable batteries for electric and hybrid vehicles, smart phones, computers, TVs and other electronic devices.

Market Dynamics:

Rare earth metals are witnessing augmented demand from the burgeoning clean energy sector and technologies. The adoption of electric vehicles is surging worldwide to curb vehicle emissions. Rare earth metals such as neodymium, praseodymium and dysprosium are extensively used in manufacturing high-strength permanent magnets used in electric vehicle batteries and motors. In addition, countries are substantially investing in the development of renewable energy infrastructure including solar panels and wind turbines. Rare earth metals like cerium and lanthanum play a key role in fabricating solar photovoltaic cells and wind turbine generators. Hence, the rapidly expanding clean energy market is fueling demand for rare earth metals over the forecast period. In addition, surging electronic product sales with the proliferation of smart devices are further complementing the growth of the rare earth metals market.

Get a Sample Copy of the Report@ https://www.coherentmarketinsights.com/insight/request-sample/293

Major market players included in this report are:

★ China Northern Rare Earth (Group) High-Tech Co.
★ Ltd
★ RISING NONFERROUS METALS CO.
★ LTD
★ China Minmetals Rare Earth Co.
★ Ltd
★ Aluminum Corporation of China Limited
★ Lynas Corporation Ltd.
★ Beijing Zhongke Sanhuan High-tech Co. Ltd.
★ Jiangxi Tungsten Industry Group Co. Ltd.
★ Arafura Resources Ltd.
★ Alkane Resources Ltd.

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

By Metals:
✦ Neodymium
✦ yttrium
✦ Dysprosium
✦ Terbium
✦ Cerium
✦ Lanthanum

By Application:
✦ Catalysts
✦ Permanent Magnets
✦ Metallurgy & Alloy
✦ Polishing

Regional Analysis:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

You Can Purchase Complete Report @ https://www.coherentmarketinsights.com/insight/buy-now/293

✦ Rare Earth Metals Market Drivers: Growing Demand for Consumer Electronics is Driving the Rare Earth Metals Market Growth

Consumer electronics such as smartphones, laptops, tablets, gaming consoles, headphones and wearables contain rare earth metals in their cameras, LCD screens, motors, and rechargeable batteries. With rising disposable incomes globally and growing preference for smart and portable consumer devices, demand for consumer electronics has been rising steadily. According to a report by Statista, global consumer electronics revenue is projected to grow to over $1.6 trillion by 2024. This surging demand for consumer devices will drive higher consumption of rare earth metals to manufacture various components in these devices.

✦ Another Key Driver Fueling the Rare Earth Metals Market is Growing Usage in Clean Energy Technologies and Electric Vehicles

Rare earth metals play a vital role in development of clean energy solutions like wind turbines, solar panels and electric vehicles. Neodymium and dysprosium are essential for manufacturing high-strength permanent magnets that are used in direct drive generators for wind turbines and electric motors in electric vehicles. Lanthanum and cerium are used in catalyst converters, rechargeable batteries and fuel cells. With rising focus on sustainable energy sources and global push for greener transportation, demand for wind and solar power is growing significantly. At the same time, adoption of electric vehicles is also gaining strong momentum worldwide to curb vehicular emissions. This will translate to higher utilization of rare earth metals in these future energy technologies.

We Offer Customized Report, Click @ https://www.coherentmarketinsights.com/insight/request-customization/293

✦ Rare Earth Metals Market Restrain: Supply Chain Bottlenecks Pose a Key Challenge

China dominates global rare earth metals production. It accounts for over 80% of world rare earth mining and refining. This overwhelming dependence on China makes international supply chains highly susceptible to any changes in Chinese policies or restrictions. Furthermore, complex multi-stage mining and refining process combined with limited number of refiners presents operational challenges. The pandemic has further exacerbated these risks by disrupting global logistics and transportation channels. Bottlenecks at any stage from mining to final components manufacturing can hamper steady supply of rare earth metals and inflate costs for end-users. Environmental regulations around mining and refining processes also pose compliance hurdles. These supply chain vulnerabilities need to be adequately addressed to sustain long-term rare earth metals demand growth.

✦ Rare Earth Metals Market Opportunity: Investments in Alternate Sources Can Open New Avenues

Given the risks involved with heavy reliance on Chinese supply, efforts are underway globally to explore and develop alternate sources of rare earth metals. Countries like USA, Australia, India and Brazil are investing in exploration of new deposits and expanding production capacities. Rising rare earth metals prices are also incentivizing junior mining companies to seek new resources. Meanwhile, growing research focus on urban mining (recovery from electronic waste), recycling and substitution with other materials presents new opportunities. Successful diversification from Chinese dominance through joint ventures, mining projects and recycling programs would help strengthen international rare earth supply security in the future. This also opens up chances for countries and companies to benefit from the rare earth metals trade.

✦ Rare Earth Metals Market Trends: Shift Towards Clean Energy and Greentech Solutions Will Shape Future Demand Dynamics

Rare earth metals demand trends will be defined strongly by transitions in energy and mobility sectors in the coming decade. The market will witness growing consumption aligned with expanding markets for renewable power generation from solar and wind, as well as rising electric vehicles sales worldwide. In the energy domain, focus on localized renewable microgrids and large-scale energy storage solutions utilizing lithium-ion batteries will particularly stimulate demand. Meanwhile, traction over innovation in green technologies like hydrogen fuel cells,advanced magnets and permanent magnet motors can open untapped future demand potentials. On the other hand, adoption of low carbon policies by nations may negatively impact usage of rare earths in conventional applications. Overall, decarbonization efforts will remain a defining trend impacting long-term demand-supply dynamics of rare earth metals market.

Key Questions

• How much revenue will the global Rare Earth Metals Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall Rare Earth Metals Market?

• What are the indicators expected to drive the global Rare Earth Metals Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Rare Earth Metals Market to expand their geographical presence?

• What are the major advancements witnessed in the global Rare Earth Metals Market?

• This report answers these questions and more about the global Rare Earth Metals Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Rare Earth Metals Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

Contact Us:

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.