Press release
Report Explores The Lanthanum Metal Market Size, Demand, Growth, Analysis And Forecast To 2032
The lanthanum metal market is witnessing notable growth, primarily driven by the increasing demand for high-performance materials in various applications, including electronics, batteries, catalysts, and alloys. Lanthanum, a rare earth metal, is critical in the production of phosphors for LED lighting, in rechargeable nickel-metal hydride (NiMH) batteries, and as a catalyst in petroleum refining processes. The market is projected to expand at a compound annual growth rate (CAGR) of approximately 5-8% over the next few years, influenced by advancements in technology and the growing emphasis on renewable energy sources.The lanthanum metal market was valued at approximately USD 0.43 billion in 2023. It is projected to grow from USD 0.48 billion in 2024 to USD1.0 billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of around 9.7% during the forecast period from 2025 to 2032.
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Lanthanum Metal Market Companies Are:
Arafura Resources ,Northern Minerals ,Xiamen Tungsten ,Chinalco Rare Earth & Metals ,Lynas Rare Earths ,Yulong Rare Earth ,Avalon Advanced Materials ,Jiangxi Shanggao Rare Earth ,Ganzhou Jiangtong Rare Earth ,Alkane Resources ,Baotou Research Institute of Rare Earths ,Ganzhou Lingfeng Rare Earth ,Neo Performance Materials
Driver
Growing Demand for Energy Storage Solutions:
The rising demand for efficient energy storage solutions, particularly in electric vehicles and renewable energy systems, is a significant driver for the lanthanum metal market. Lanthanum is a key component in nickel-metal hydride batteries, which are widely used in hybrid and electric vehicles, thus fueling market growth.
Highlights of the report:
Report provides detailed insights into
• Demand and supply conditions of Lanthanum Metal Market
• Factor affecting the Lanthanum Metal Market in the short
run and the long run
• The dynamics including drivers, restraints, opportunities, political, socio-economic factors, and technological factors
• Key trends and future prospects
Opportunity
Expansion in Green Technologies:
The increasing focus on green technologies and sustainable practices presents a substantial opportunity for the lanthanum metal market. As industries shift toward eco-friendly alternatives, the demand for lanthanum in catalysts for cleaner fuels and in advanced battery technologies is expected to rise, creating new avenues for market expansion.
What Is Included In Lanthanum Metal Market Segmentation?
Lanthanum Metal Market Application Outlook
• Automotive
• Electronics
• Energy Generation
• Aerospace
• Medical
Lanthanum Metal Market Grade Outlook
• High Purity
• Battery Grade
• Commercial Grade
Challenge
Supply Chain Vulnerabilities:
The lanthanum metal market faces challenges related to supply chain vulnerabilities, particularly due to its classification as a rare earth metal. The concentration of rare earth metal production in a few countries can lead to supply disruptions and price volatility, impacting market stability and growth prospects.
Table of Contents
SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
EXECUTIVE SUMMARY
• Market Overview
• Key Findings
• Market Segmentation
• Competitive Landscape
• Challenges and Opportunities
• Future Outlook
SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
SECTION III: QUALITATIVE ANALYSIS
SECTION IV: QUANTITATIVE ANALYSIS
SECTION V: COMPETITIVE ANALYSIS
LIST Of tables
LIST Of figures
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