Press release
Global Rare Earth Elements Market to Surpass USD 16.90 Billion by 2030
The global rare earth elements market, valued at USD 7.50 billion in 2023, is anticipated to reach USD 16.90 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.3% during the forecast period.This growth is driven by the increasing demand for rare earth elements in various applications, including permanent magnets, catalysts, and advanced technologies. The unique properties of these elements make them essential in the production of high-performance materials used across multiple industries.
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ ๐๐๐ซ๐ญ๐ก ๐๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ ๐ฎ๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง
The rare earth elements sector has witnessed significant mergers and acquisitions aimed at consolidating market positions and enhancing supply chain security:
In August 2024, USA Rare Earth, a supplier of rare earth element magnets for green energy and technology, agreed to go public via a SPAC merger with Inflection Point Acquisition Corp II, valuing the combined entity at approximately $870 million.
In January 2025, Mkango Resources announced a SPAC merger to facilitate the NASDAQ listing of its rare earth projects, aiming to attract significant investment and expand its operations.
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ ๐๐๐ซ๐ญ๐ก ๐๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam possesses substantial rare earth resources, ranking among the largest globally. The government's initiatives to develop the rare earth mining industry have attracted international attention. Notably, the U.S. and South Korea have collaborated on research projects focused on extracting rare earth elements from coal ashes in Vietnam, aiming to develop environmentally friendly extraction technologies.
๐๐ฑ๐๐ข๐ญ๐๐ ๐ญ๐จ ๐๐ข๐ฏ๐ ๐ข๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฎ๐ง๐๐จ๐ฏ๐๐ซ ๐ข๐ญ๐ฌ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ:https://www.maximizemarketresearch.com/request-sample/99093/
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ ๐๐๐ซ๐ญ๐ก ๐๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand is actively exploring its rare earth potential to reduce dependence on imports and strengthen its position in the global market. The government's strategic initiatives focus on surveying and developing domestic rare earth resources to meet the growing demand from the electronics and automotive sectors.
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ ๐๐๐ซ๐ญ๐ก ๐๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan has been investing in securing stable supplies of rare earth elements through partnerships and investments in overseas mining projects. Japanese companies have engaged in joint ventures and long-term agreements to ensure a consistent supply of these critical materials for their high-tech industries.
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ ๐๐๐ซ๐ญ๐ก ๐๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea is enhancing its rare earth elements supply chain by investing in domestic processing capabilities and securing overseas resources. Collaborations with countries like Vietnam aim to develop sustainable extraction and processing technologies, reducing reliance on traditional suppliers.
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ ๐๐๐ซ๐ญ๐ก ๐๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore is positioning itself as a hub for rare earth elements trading and processing in Southeast Asia. The country's strategic location and robust infrastructure attract investments in refining and value-added manufacturing, supporting the regional supply chain.
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ ๐๐๐ซ๐ญ๐ก ๐๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The United States is actively working to reestablish its rare earth elements supply chain. Investments in domestic mining and processing facilities, such as the Mountain Pass mine in California, are aimed at reducing dependence on imports and enhancing national security.
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ ๐๐๐ซ๐ญ๐ก ๐๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe is focusing on developing a sustainable and secure supply of rare earth elements. Companies like Solvay in France plan to launch rare earth oxide production by 2025, collaborating with partners to improve the supply chain and reduce reliance on external sources.
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ ๐๐๐ซ๐ญ๐ก ๐๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐๐ญ๐๐ฅ
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.
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
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%.
๐๐ฑ๐๐ข๐ญ๐๐ ๐ญ๐จ ๐๐ข๐ฏ๐ ๐ข๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฎ๐ง๐๐จ๐ฏ๐๐ซ ๐ข๐ญ๐ฌ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ:https://www.maximizemarketresearch.com/request-sample/99093/
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ ๐๐๐ซ๐ญ๐ก ๐๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
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)
๐ ๐จ๐ซ ๐๐๐๐ฉ๐๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ฉ๐๐ซ๐ฎ๐ฌ๐ ๐ญ๐ก๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ:https://www.maximizemarketresearch.com/market-report/rare-earth-elements-market/99093/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ ๐๐๐ซ๐ญ๐ก ๐๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
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?
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐ญ๐๐ค๐ ๐ ๐ฌ๐ง๐๐๐ค ๐ฉ๐๐๐ค? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฌ๐๐ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ข๐ง๐ฌ๐ข๐๐:https://www.maximizemarketresearch.com/request-sample/99093/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
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
๐๐๐ญ๐๐ฌ๐ญ ๐๐ฎ๐ญ๐ญ๐ข๐ง๐ -๐๐๐ ๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐๐ซ๐จ๐ฆ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ :
Heavy Metal Testing Market https://www.maximizemarketresearch.com/market-report/heavy-metal-testing-market/231626/
Global Electrochromic Glass Market https://www.maximizemarketresearch.com/market-report/global-electrochromic-glass-market/30131/
Global Sputtering Target Market https://www.maximizemarketresearch.com/market-report/global-sputtering-target-market/102381/
Electric Enclosure Market https://www.maximizemarketresearch.com/market-report/electric-enclosure-market/2482/
Global Digital Forensics Market https://www.maximizemarketresearch.com/market-report/global-digital-forensics-market/3163/
Automotive Rubber-molded Components Market https://www.maximizemarketresearch.com/market-report/automotive-rubber-molded-components-market/121707/
Utility Trucks Market https://www.maximizemarketresearch.com/market-report/utility-trucks-market/125210/
Global ID card Printers Market https://www.maximizemarketresearch.com/market-report/global-id-card-printers-market/81676/
Argon Gas Market https://www.maximizemarketresearch.com/market-report/argon-gas-market/126795/
Industrial Solvent Market https://www.maximizemarketresearch.com/market-report/industrial-solvent-market/13078/
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