Press release
Rare Earth Metals Global Market Report 2025: Booming Electronics Invisible Forces Shaping Growth at 7.9% CAGR
Rare Earth Metals Global Market Report
What is the Projected Market Size of the Global Rare Earth Metals Global Market Report 2025 and its Growth Rate?
The global rare earth metals market has maintained a strong growth pattern:
• It grew from $7.55 billion in 2024 to $8.15 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%.
• The growth can be attributed to emergence of new applications, supply chain concerns, geopolitical factors, medical and healthcare applications, and green technologies development.
• It is projected to grow further to $9.57 billion in 2029 at a compound annual growth rate (CAGR) of 4.1%, driven by emerging market demand, emerging applications, recycling and circular economy, investment in exploration and mining, electronics and technology advancements.
What is Driving the Growth in the Rare Earth Metals Global Market Report 2025?
Growth of the rare earth metals market is being substantially fueled by an increase in the demand for electronics. Rare earth metals are critical components in the manufacturing of devices such as cellular phones, computer hard drives, flat-screen monitors, and televisions. According to data by StockApps.com in September 2024, global consumer spending in electronics is expected to reach $977 billion in 2025, indicating an impending surge in demand for rare earth metals.
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Who Are the Key Players Driving Rare Earth Metals Global Market Report 2025 Growth?
Key companies in the market include:
• Hastings Technology Metals Limited
• 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.
What Are The Key Trends In The Rare Earth Metals Global Market Report 2025?
Key trends in the forecast period include:
• Impact of policy and regulations
• Medtech advancements
• E-mobility growth
• Shift in consumer electronics
• Strategic stockpiling.
What Are The Segments Of The Global Rare Earth Metals Global Market Report 2025?
• By Product Type: Light Rare Earth Metals, Heavy Earth Metals, Other Product Types
• By Metal Type: Neodymium, Yttrium, Dysprosium, Terbium, Europiu*m, Cerium, Lanthanum, Other Metal Types
• By Application: Catalysts, Ceramics/Glass, Glass Polishing, Metallurgy, Other Applications.
Which Region Leads The Rare Earth Metals Global Market Report 2025?
Asia-Pacific held the largest share in the rare earth metals market in 2024. The regions covered in the rare earth metals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Rare Earth Metals Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Rare Earth Metals Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Rare Earth Metals Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Rare Earth Metals Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Rare Earth Metals Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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