Press release
Rare Earth Metals: Unlocking Critical Supply Chains in 2024
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=5435&type=smp
According to The Business Research Company's, The rare earth metals market size has grown strongly in recent years. It will grow from $7.05 billion in 2023 to $7.62 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to emergence of new applications, supply chain concerns, geopolitical factors, medical and healthcare applications, green technologies development.
The rare earth metals market size is expected to see strong growth in the next few years. It will grow to $9.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to emerging market demand, emerging applications, recycling and circular economy, investment in exploration and mining, electronics and technology advancements. Major trends in the forecast period include policy and regulation impact, medtech advancements, e-mobility growth, shift in consumer electronics, strategic stockpiling.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/rare-earth-metals-global-market-report
Market Drivers and Trends:
An increase in the demand for electronics is expected to serve as a major driver of the rare earth metals market in the forecast period. Rare earth metals are widely used in the manufacturing of electronic products such as cellular telephones, computer hard drives, flat-screen monitors, and televisions. According to data by StockApps.com, a UK-based centric brokerage firm that allows users to trade online, global consumer spending in electronics is expected to reach $1.06 trillion in 2021. This will create a significant surge in demand for the rare earth metals market and thus will propel the growth of the rare earth elements.
The development of ultrathin 2D magnets is shaping the rare earth metals market, leading to new applications in computing and electronics. This ultrathin 2D magnet can operate at room temperature and can be used in computing and electronics. For instance, in July 2021, Scientists at the Department of Energy, Lawrence Berkeley National Laboratory recently developed an ultrathin 2D magnet that is chemically stable under ambient conditions and can be used in high-density, compact spintronic memory devices.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Hastings Technology Metals Limited, Shin-Etsu Chemical Co Ltd., Showa Denko K.K., Hitachi Metals Ltd., Materion Corporation, Iluka Resources Limited, Neo Performance Materials Inc., Lynas Rare Earths Limited, MP Materials Corp, Alkane Resources Limited, Peak Resources Limited, Pensana Rare Earths PLC, Energy Fuels Inc., Arafura Resources Limited, Northern Minerals Limited, RareX Limited, Australian Strategic Materials Limited, Greenland Minerals Limited, Texas Mineral Resources Corp, Rare Elements Resources Ltd., Ucore Rare Metals Inc., Rainbow Rare Earths Limited, Leading Edge Materials Corp, Ionic Rare Earths Limited, Medallion Resources Ltd., Commerce Resources Corp, Vital Metals Limited, Quest Rare Minerals Ltd., Alces Lake Ltd., Appia Energy Corp
Rare Earth Metals Market 2024 Key Insights:
• The rare earth metals market size is expected to see strong growth in the next few years. It will grow to $9.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.
• Electronics Demand Surge To Propel Rare Earth Metals Market Growth
• Key Player Advancement Revolutionizing Computing And Electronics In The Rare Earth Metals Market
• Asia-Pacific was the largest region in the rare earth metals market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=5435&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Metals: Unlocking Critical Supply Chains in 2024 here
News-ID: 3774568 • Views: …
More Releases from The Brainy Insights
Global Advanced Liver Cancer Market Projected to Surpass $3.78 Billion by 2029 w …
What Are the Market Size and Growth Forecast for the Advanced Liver Cancer Market?
The market for advanced liver cancer has experienced swift expansion in the recent past. The market, which is expected to escalate from $1.89 billion in 2024 to $2.17 billion in 2025, will grow at a compound annual growth rate (CAGR) of 15.2%. Factors contributing to this growth in the historic period include a heightened awareness of…
Retrieving data. Wait a few seconds and try to cut or copy again.
What Is the Forecasted Market Size and Growth Rate for the Menopur Market?
Recent years have seen the menopur market grow at a rate of $XX (CAGR). From $XX million in 2024, its size will expand to $XX million come 2025, registering a compound annual growth rate (CAGR) of $XX%. The surge during the preceding period is tied to factors such as an uptick in fertility clinics, larger private healthcare…
Growing Asthma Prevalence Fuels Market Growth: A Key Factor Shaping the Future o …
How Is the Nucala Market Projected to Grow, and What Is Its Market Size?
In recent times, the Nucala market size has experienced an $XX (CAGR). It is projected to expand from $XX million in 2024 to $XX million in 2025, showing a compound annual growth rate (CAGR) of $XX%. The substantial growth in the past can be credited to the rising consciousness of severe asthma in patients, widespread acceptance…
Comprehensive Iprivask Market Insights: Forecasting Size, Growth, and Competitiv …
"What Is the Expected Size and Growth Rate of the Iprivask Market?
The market size of iprivask has exhibited a $XX in recent years. It is forecasted to expand from $XX million in 2024 to $XX million in 2025, reflecting a compound annual growth rate (CAGR) of $XX%. The augmentation in the historic duration can be credited to heightened consciousness about the dangers of blood clots, a climb in chronic diseases,…
More Releases for Rare
lacit Market With Industrial Analysis by Forecast 2020-2025 | China Minmetals Ra …
This report provides in-depth study on the current state of the Global Lacit Market 2020-2025. Key players in the Global Lacit Market have been identified through the secondary research and their market share has been determined through primary and secondary research.
Global Lacit Market overview:
It is a compound made from lanthanum acetate and citric acid. LaCit market is segmented by Type, and by Application. Players, stakeholders, and other participants in the…
Rare Earth Metals Market Insights, Forecast to 2024| Great Western Minerals, Ind …
Growing demand for magnets in automobiles, and energy generation will majorly contribute to the growth of global rare earth metals market over the forecast period. The demand for rare earth magnets is majorly increasing by their consumption in electric and hybrid vehicles, and wind turbines. Increasing focus on utilizing clean and renewable energy is giving a substantial pressure on the electricity providers, to generate energy through renewable sources, which in…
Global Erbium Oxide Market 2017 - Chenguang Rare Earth, Longyi Heavy Rare-Earth, …
The report studies Erbium Oxide in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022
The report Global Erbium Oxide Industry provides a comprehensive analysis of the Erbium Oxide market. The report features industry insights from experts. A detailed segmentation of the Global Erbium Oxide market has been included in the…
Global Dysprosium Oxide Market 2017 - Longyi Heavy Rare-Earth, China Minmetals R …
The report studies Dysprosium Oxide in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022
The report Global Dysprosium Oxide Industry 2017 is a professional, in-depth study that includes insights extracted from complex information, which clients can use for their business advantage. A large volume of precise, reliable market data has…
Global Europium Oxide Market 2017 - Longyi Heavy Rare-Earth, China Minmetals Rar …
The report studies Europium Oxide in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022
The research report titled Europium Oxide has adopted an analytical approach to evaluate the dynamics of the Europium Oxide market. It provides a detailed analysis comprising an in-depth research on the Europium Oxide market growth drivers,…
Global Rare Earth Metals Market 2017 - Beifang Rare Earth, Xiamen Tungsten, Sunl …
Rare Earth Metals Market 2017 Industry research report provides important information to identify and analyze the market need, market size and competition. This market research report used in maintaining competitiveness over competitors.
Scope of the Report:
This report focuses on the Rare Earth Metals in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.…
