Global Developments in Rare Earth Elements Market Indicate Robust Growth

𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐄𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

The rare earth element market is expected to grow at a compound annual growth rate (CAGR) of 12.3% from US$ 7.50 billion in 2023 to US$ 16.90 billion by 2030.

𝐄𝐚𝐠𝐞𝐫 𝐭𝐨 𝐝𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐰𝐡𝐚𝐭'𝐬 𝐰𝐢𝐭𝐡𝐢𝐧? 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨𝐝𝐚𝐲:https://www.maximizemarketresearch.com/request-sample/99093/

𝐕𝐢𝐞𝐭𝐧𝐚𝐦'𝐬 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

Vietnam, possessing approximately 20% of the world's rare earth reserves, is becoming a focal point for international collaborations. A notable development is the joint venture between South Korea's Trident Global Holdings and the United States' Zoetic Global, in partnership with Vietnam's Hung Hai Group, to co-develop premium rare earth mines in Lai Chau province. This initiative aims to enhance sustainable rare earth extraction and processing, ensuring a stable supply for global industries.

𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝'𝐬 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐆𝐫𝐨𝐰𝐭𝐡

Thailand is witnessing a surge in industrial activities related to rare earth elements. The establishment of a $486 million facility by China's 𝐁𝐘𝐃 underscores Thailand's strategic importance in the Southeast Asian market. This facility is expected to produce 150,000 units annually, catering to both local and international markets, including Europe.


𝐉𝐚𝐩𝐚𝐧'𝐬 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬

Japan continues to be a significant player in the rare earth elements market, with major companies like 𝐒𝐡𝐢𝐧-𝐄𝐭𝐬𝐮 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥, 𝐓𝐃𝐊 𝐂𝐨𝐫𝐩, and Proterial leading in magnet production. The country's efforts to reduce dependence on Chinese imports have led to a decrease from over 90% to 58% within a decade, with aims to bring it below 50% by 2025.

𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚'𝐬 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧

South Korea is actively enhancing its rare earth capabilities. 𝐏𝐨𝐬𝐜𝐨 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 has partnered with 𝐒𝐭𝐚𝐫 𝐆𝐫𝐨𝐮𝐩 to supply permanent magnets to German and U.S. automakers by 2025, sourcing materials from the U.S., Australia, and Vietnam. This collaboration signifies South Korea's commitment to securing a stable supply chain for critical materials.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞'𝐬 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧

Singapore is emerging as a pivotal hub in the rare earth elements market, focusing on advanced material processing and technological innovation. The nation's strategic location and robust infrastructure make it an attractive destination for companies aiming to establish a foothold in the Asia-Pacific region.

𝐔.𝐒. 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐆𝐫𝐨𝐰𝐭𝐡

The United States is intensifying efforts to reduce reliance on foreign rare earth supplies. Companies like 𝐋𝐲𝐧𝐚𝐬 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡𝐬 are constructing a heavy rare earth processing plant in Texas, supported by $288 million in U.S. defense funding, expected to commence operations by 2026. Additionally, 𝐌𝐏 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 is building a rare earth magnet manufacturing facility in Texas, aiming to produce finished magnets by late 2025.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐄𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭
𝐄𝐚𝐫𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

Europe is striving to revitalize its rare earth industry to meet the growing demand for green technologies. Belgian chemicals maker 𝐒𝐨𝐥𝐯𝐚𝐲 is expanding its operations in France, aiming to launch separation and production of rare earth oxides needed for permanent magnet production by 2025. Despite these efforts, challenges such as public opposition, limited funding, and cheaper imports from China pose significant hurdles.


𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐄𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐛𝐲 𝐌𝐞𝐭𝐚𝐥

Lanthanum
Cerium
Neodymium
Praseodymium
Samarium

In terms of total volume, cerium was the most widely used element in metals in 2023. The demand for rare earths is anticipated to increase during the projected period due to the growing popularity of hybrid automobiles. The volume of praseodymium is anticipated to increase at a CAGR of 6.4% between 2024 and 2030. In aviation engines, it is utilized as an alloying agent with magnesium to create high-strength metals. The demand for flights rises in tandem with the number of travelers from around the globe. In February 2017, General Electric subsidiary GE Aviation pledged USD 12.3 billion to expand its capability for producing airplane engines. During the projection period, this is anticipated to increase demand for praseodymium.

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Permanent Magnets
Metals Alloys
Polishing
Additives
Catalysts
Phosphors

In terms of volume and revenue, the magnet application segment was the most widely used in 2023. Examples of their applications include speakers, sensors, servo motors, linear actuators, and computer hard drives. Throughout the projected period, increased use of rare earth elements is anticipated due to growing demand for magnets in consumer electronics, turbines, and vehicles. From 2024 to 2030, revenue from ceramic applications is anticipated to grow at a compound annual growth rate (CAGR) of 7.0 percent. In the ceramics sector, yttrium, lanthanum, cerium, neodymium, and praseodymium are commonly utilized in engineering, electronics, and tiling applications. The Ceramic World Web reports that between 2016 and 2017, the production of ceramic tiles rose by 2.2%.

𝐄𝐱𝐜𝐢𝐭𝐞𝐝 𝐭𝐨 𝐝𝐢𝐯𝐞 𝐢𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐮𝐧𝐜𝐨𝐯𝐞𝐫 𝐢𝐭𝐬 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬:https://www.maximizemarketresearch.com/request-sample/99093/

𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐄𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Part 01: Executive Summary

Part 02: Scope of the Global Rare Earth Elements Market Report

Part 03: Global Global Rare Earth Elements Market Landscape

Part 04: Global Global Rare Earth Elements Market Sizing

Part 05: Global Global Rare Earth Elements Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

𝐈𝐧𝐭𝐫𝐢𝐠𝐮𝐞𝐝 𝐭𝐨 𝐞𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬? 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐡𝐚𝐧𝐝𝐬-𝐨𝐧 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:https://www.maximizemarketresearch.com/request-sample/99093/

𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐄𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

1. Ucore Rare Metals Inc
2. Arafura Resources Limited
3. Alkane Resources ltd
4. Lynas Corporation
5. Avalon Advanced Materials, Inc.
6. Canada Rare Earth Corporation
7. Iluka Resources Limited
8. Baotou Jinmeng Rare Earth Co
9. Northern Minerals Limited
10. Shin-Etsu Chemical Co. Ltd.
11. China Minmetals Rare Earth Co. Ltd.
12. China Northern Rare Earth (Group) High-Tech Co., Ltd.
13. Iluka Resource Ltd (Australia)

𝐅𝐨𝐫 𝐝𝐞𝐞𝐩𝐞𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐩𝐞𝐫𝐮𝐬𝐞 𝐭𝐡𝐞 𝐬𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭:https://www.maximizemarketresearch.com/market-report/rare-earth-elements-market/99093/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐄𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

What is Global Rare Earth Elements ?
What is the growth rate of the Global Rare Earth Elements Market?
What was the Global Rare Earth Elements Market size in 2023?
What are the upcoming opportunities and trends for the Global Rare Earth Elements Market?
What are the different segments of the Global Rare Earth Elements Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Global Rare Earth Elements Market?
What segments are covered in the Global Rare Earth Elements Market?
Which are the factors expected to drive the Global Rare Earth Elements Market growth?
What growth strategies are the players considering to increase their presence in Global Rare Earth Elements ?
Who are the leading companies and what are their portfolios in Global Rare Earth Elements Market?
Who are the key players in the Global Rare Earth Elements market?
What is the CAGR at which the Global Rare Earth Elements market will grow during the forecast period?


𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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