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Rare-Earth Metals Market worth $22.94 billion by 2030, growing at a CAGR of 10.57% - Exclusive Report by 360iResearch
Rare-Earth Metals Market | 360iResearch
The Global Rare-Earth Metals Market to grow from USD 11.34 billion in 2023 to USD 22.94 billion by 2030, at a CAGR of 10.57%.
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The rare-earth metals market consists of a global network of stakeholders engaged in the exploration, mining, refining, and sale of a group of seventeen metallic elements. These elements are critical in the manufacture of a wide range of high-technology devices, renewable energy systems, and military applications due to their unique magnetic, luminescent, and electrochemical properties. Rare-earth metals find extensive use in various sectors. Key applications include the production of permanent magnets for wind turbines and electric vehicle motors, catalysts in the petrochemical industry, phosphors in color television and flat panel displays, and various military applications, including jet fighter engines and missile guidance systems. End-users span across numerous industries, such as electronics, automotive, renewable energy, and defense. The market growth is influenced by the escalating demand for advanced electronic products, the burgeoning electric vehicle market, and the rising adoption of clean energy systems. However, the challenges including the complex extraction process, environmental concerns, and the geopolitically concentrated reserves, heighten supply risk. Recent advancements present opportunities in the market for rare-earth metals. These advancements include the development of sustainable extraction technologies, recycling techniques to recover rare earths from electronic waste, and exploration efforts in untapped regions to diversify the supply chain and reduce geopolitical risks.
The Asia-Pacific region includes abundant mineral resources, which subsequently presents opportunities for rare-earth metal market vendors to extract and separate valuable minerals from complex ore deposits efficiently. China is the largest producer of rare-earth metals, accounting for the majority of global output, which gives it significant influence over the market. Japan and India have a noteworthy demand for rare-earth elements due to their advanced technological and industrial sectors. Consumers in Asia-Pacific primarily utilize rare-earth metals for electronics, renewable energy technologies, and automotive industries. Additionally, market vendors from Europe and the Americas are continuously making efforts to adopt technologies to develop rare earth metals from electronic waste, reduce the environmental impact of operations, and optimize resource utilization, creating a platform for the rare-earth elements market. The U.S. Geological Survey reported that domestic production of rare-earth elements increased by 44% from 2020 to 2021. The presence of rare-earth metals and native regional players contributes to the market growth in the Americas.
Market Segmentation & Coverage:
This research report categorizes the Rare-Earth Metals Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Cerium Oxide, Dysprosium Oxide, Gadolinium Oxide, Lanthanum Oxide, Neodymium Oxide, Praseodymium Oxide, Samarium Oxide, Terbium Oxide, and Yttrium Oxide. The Cerium Oxide commanded largest market share of 19.45% in 2023, followed by Yttrium Oxide.
Based on Application, market is studied across Catalysts, Ceramics, Glass Additives, Glass Polishing, Metal Alloys, Permanent Magnets, and Phosphors. The Metal Alloys commanded largest market share of 21.28% in 2023, followed by Permanent Magnets.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across Alaska, Arizona, California, Georgia, Michigan, Missouri, Montana, Nevada, North Dakota, Texas, West Virginia, and Wyoming. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 56.38% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Rare-Earth Metals Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Rare-Earth Metals Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Rare-Earth Metals Market, highlighting leading vendors and their innovative profiles. These include ABx Limited, Alkane Resources Ltd., Aluminium Corporation of China Limited, American Elements, American Rare Earths Limited, Arafura Resources Ltd., Australian Rare Earths Limited, Avalon Advanced Materials Inc., Canada Rare Earth Corporation, China Non-ferrous Metal Industry's Foreign Engineering and Construction Co., Ltd., China Northern Rare Earth (Group) High-Tech Co., Ltd., China Rare Earth Group Resources Technology Co., Ltd., China Rare Earth Holdings Limited, Encounter Resources Limited, Energy Fuels Inc., Energy Transition Minerals Ltd., Enova Mining Limited, Eutectix, LLC, Frontier Rare Earths, Fujian Changting Golden Dragon Rare-Earth Co., Ltd., GTS German Trading Service GmbH, Hebei Suoyi New Material Technology Co., Ltd., HEFA Rare Earth Canada Ltd., Iluka Resources Limited, JL MAG Rare-Earth Co., Ltd., Krakatoa Resources Ltd., Lynas Malaysia Sdn Bhd, Medallion Resources Ltd., Mitsubishi Corporation RtM Japan Ltd., MP Materials Corp., Neo Performance Materials, NioCorp Development Ltd., Norwegian company REEtec, Otto Chemie Pvt. Ltd., Rare Element Resources Ltd., Shin-Etsu Chemical Co., Ltd., Solvay SA, Texas Mineral Resources Corp., and Ucore Rare Metals Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Rare-Earth Metals Market, by Type
7. Rare-Earth Metals Market, by Application
8. Americas Rare-Earth Metals Market
9. Asia-Pacific Rare-Earth Metals Market
10. Europe, Middle East & Africa Rare-Earth Metals Market
11. Competitive Landscape
12. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Rare-Earth Metals Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Rare-Earth Metals Market?
3. What is the competitive strategic window for opportunities in the Rare-Earth Metals Market?
4. What are the technology trends and regulatory frameworks in the Rare-Earth Metals Market?
5. What is the market share of the leading vendors in the Rare-Earth Metals Market?
6. What modes and strategic moves are considered suitable for entering the Rare-Earth Metals Market?
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