Press release
Rare Earth Elements Market Size, Share, Industry, Forecast and Outlook (2024-2031)
DataM Intelligence
The global rare earth elements market is witnessing substantial growth, projected at a CAGR of 9.4% during the forecast period spanning from 2024 to 2031. Rare earth elements, comprising seventeen metals and their compounds, are gaining traction across various industries due to their unique properties. These elements include yttrium, scandium, and fifteen lanthanides such as cerium, erbium, and others.
To know more Insights Download Sample: https://www.datamintelligence.com/download-sample/rare-earth-elements-market
Market Dynamics
The market is being driven by the emergence of new production capacities alongside the increasing demand for electric vehicles. With governmental incentives promoting hybrid vehicle adoption and growing environmental concerns, the demand for hybrid electric vehicles is on the rise, thereby boosting the demand for rare earth elements. Additionally, rare earth compounds find applications in electronic devices like LCDs and smartphones, further propelling market growth.
Segmentation Analysis
The global rare earth elements market is segmented based on type, source, application, end-user, and region. The metal in rare earth elements type is expected to dominate the market, driven by its various applications across industries such as automotive, glass, ceramics, and electronics.
Geographical Share
North America is poised to lead the rare earth elements market during the forecast period, primarily attributed to the expanding automotive sector. The region's increasing adoption of electric vehicles, exemplified by companies like Tesla utilizing neodymium in their automobiles, is expected to further drive demand for rare earth elements.
Rare Earth Elements Market Companies
Major players in the global rare earth elements market include China Rare Earth Holdings Limited, Arafura Resources Limited, Lynas Corporation, Ltd., and others. These companies are actively involved in strategic initiatives to capitalize on the growing demand for rare earth elements across various end-user industries.
Related Reports:
Rhenium Market: https://www.datamintelligence.com/research-report/rhenium-market
Rare Earth Metals Market: https://www.datamintelligence.com/research-report/rare-earth-metals-market
Steel Fiber Market: https://www.datamintelligence.com/research-report/steel-fiber-market
Feldspar Market: https://www.datamintelligence.com/research-report/feldspar-market
Sodium Lauryl Sulfate Market: https://www.datamintelligence.com/research-report/sodium-lauryl-sulfate-market
High Purity Alumina Market: https://www.datamintelligence.com/research-report/high-purity-alumina-market
Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rare Earth Elements Market Size, Share, Industry, Forecast and Outlook (2024-2031) here
News-ID: 3419577 • Views: …
More Releases from DataM Intelligence 4Market Research
Battery Management Systems Market is expected to reach US$ 28.4 billion by 2030 …
Market Size and Growth:
The Global Battery Management Systems Market size reached US$ 7.1 billion in 2022 and is expected to reach US$ 28.4 billion by 2030, growing with a CAGR of 18.9% during the forecast period 2024-2031.
The Battery Management Systems Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to…
Synthetic Antioxidants Market is expected to reach US$ 7.2 billion by 2030 | Maj …
Market Size and Growth:
The Global Synthetic Antioxidants Market size reached US$ 4.4 billion in 2022 and is expected to reach US$ 7.2 billion by 2030, growing with a CAGR of 6.3% during the forecast period 2024-2031.
The Synthetic Antioxidants Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed…
Bionematicides Market is expected to reach US$ 726.4 million by 2031 | Top key p …
Market Size and Growth:
The Global Bionematicides Market size reached US$ 226.7 million in 2022 and is expected to reach US$ 726.4 million by 2031, growing with a CAGR of 15.6% during the forecast period 2024-2031.
The Bionematicides Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and…
Aloe Vera-based Skin and Hair Products Market is expected to reach US$ 1.9 billi …
Market Size and Growth:
The Global Aloe Vera-based Skin and Hair Products Market size reached US$ 1.2 billion in 2022 and is expected to reach US$ 1.9 billion by 2031, growing with a CAGR of 6.5% during the forecast period 2024-2031.
The Aloe Vera-based Skin and Hair Products Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable…
More Releases for Market:
Sorbitol Market Forecast, Sorbitol Market Analysis, Sorbitol Market Growth, Sorb …
The Sorbitol Market has been fragmented based on the productivity of several companies; therefore, each segment and its sub-segments are analyzed in the research report. Furthermore, the report offers 360 views on historical and upcoming growth based on volume, value, production, and consumption. Moreover, it classifies depend on sub-segments, key segments as per the significant regions and offers an in-depth analysis on the competitive edge of the market. This report…
Esterquats Market, Esterquats Market Size, Esterquats Market Share, Esterquats M …
The "Esterquats Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion.
This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political,…
Syringe and Needle Market Size, Market Share, Market Trends, Market Analysis, Ma …
Market Overview:
The global syringe and needle market is a critical component of the healthcare industry, serving as indispensable tools for administering medications, vaccines, and drawing blood samples. This market is characterized by a diverse range of products catering to various medical needs, including disposable syringes, safety syringes, insulin syringes, hypodermic needles, and more. This article provides an in-depth analysis of the syringe and needle market, focusing on its market overview,…
India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, …
How Is India Tractor Market Positioned?
In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth…
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A …
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects.
The International Technology Roadmap for Semiconductors (ITRS) has emphasized…
Global Cash Registers Market, Market Growth Analysis, Market Revenue, Market Out …
A cash register or automatic money handling system is a motorized or electric device for registration and calculating dealings at a point of sale. It is typically devoted to a drawer for storage cash and additional valuables. A modern cash register is generally attached to a printer which can print out incomes for record-keeping determinations. The electronics cash register delivers numerous features likes mall price and informal admittance. The rising acceptance of electronic cash register by…
