Rare Earth Elements Market Size to Reach 260.36 Kilotons by 2030 Driven by Demand from Clean Energy, EVs, and Consumer Electronics

Rare Earth Elements Market plays a vital role in powering modern technologies across clean‐energy, electric vehicle, and consumer electronics sectors. According to a report by Mordor Intelligence, the market stood at 196.63 kilotons in 2025 and is expected to grow to 260.36 kilotons by 2030, reflecting a compound annual growth rate (CAGR) of 5.80% over the forecast period.

This anticipated rise reflects steady demand for rare earth elements-such as neodymium and praseodymium-used in powerful magnets, batteries, and electronic components. As global focus intensifies on reducing carbon emissions and electrifying transportation, the Rare Earth Elements Market is set for sustained growth in the coming years.

Browse Full Report Details Followed by TOC: https://www.mordorintelligence.com/industry-reports/lead-market?utm_source=openpr

Key Trends in the Rare Earth Elements Market

Several main trends are shaping the Rare Earth Elements Market:

Growing demand from clean‐energy technologies
From wind turbines to solar inverters, rare earth elements are essential. This steady uplift in demand supports volume growth.

Rapid scale‐up of electric vehicles (EVs)
The shift to EVs is placing pressure on supply of magnet‐grade rare earths. Neodymium and praseodymium are especially at risk of supply shortfalls if new capacity or large‐scale recycling does not keep pace.

Electronics and consumer devices remain strong users
Everyday gadgets-from smartphones to laptops-continue to rely on rare earth components, ensuring a stable baseline demand

Supply risks tied to specific elements
While the overall rare earth element volume grows, certain critical elements may lag in supply, especially without sufficient investment in recycling or new mines.

Gain strategic clarity across global and local markets-download the Japanese edition for region-specific insights: https://www.mordorintelligence.com/ja/industry-reports/lead-market

Market Segmentation in the Rare Earth Elements Market

The Rare Earth Elements Market can be segmented by element type and by end‐use sector. Key segments include:

By Element Type

Neodymium (Nd) - Common in powerful permanent magnets for EV motors and wind turbines.
Praseodymium (Pr) - Often used together with Nd in magnets.
By End-Use Application

Clean‐energy installations - Such as turbines and renewable energy systems.
Electric vehicles (EVs) - Particularly for traction motors and battery systems.
Consumer electronics - Including mobile devices, computers, audio equipment.
Defense and specialized equipment - Although not the main focus in the Mordor Intelligence summary, these sectors often rely on rare earths as well.

Get Competitive Landscapes Insights: https://www.mordorintelligence.com/industry-reports/lead-market/companies?utm_source=openpr

Key Players in the Rare Earth Elements Market

While the provided data from Mordor Intelligence doesn't list specific companies, key contributors typically include:

Mining and refining companies that produce neodymium and praseodymium concentrates.

Magnet and alloy manufacturers who turn raw rare earths into usable components for EVs, turbines, and electronics.

Recyclers or processors who reclaim rare earths from end‐of‐life products-particularly important if new mining capacity lags.

These participants help ensure that the Rare Earth Elements Market continues to support growing demand, even as supply chains face pressure.

Browse More about Chemicals and Materials Industry Research: https://www.mordorintelligence.com/market-analysis/chemicals-materials?utm_source=openpr

Conclusion

The Rare Earth Elements Market is projected to expand from 196.63 kilotons in 2025 to 260.36 kilotons by 2030, reflecting a CAGR of 5.80%. This growth is underpinned by rising demand from clean energy, electric vehicles, and consumer electronics-sectors increasingly dependent on rare earth‐based components.

Explore Related Reports:

Arsenic Market: Arsenic Market Report is Segmented by Type (Inorganic, Organic, and Arsine Gas), Application (Agrochemicals, Mining and Metallurgy, Glass, Pharmaceuticals, Semiconductors, Wood Preservatives, Others), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The Report Covers Market Size and Forecasts for Arsenic Market in Terms of Volume (Tons) for all the Above Mentioned Segments.

Get Full Insights: https://www.mordorintelligence.com/industry-reports/arsenic-market?utm_source=openpr

Mercury Market: The Mercury Market report segments the industry into Product Type (Metal, Alloy, Compounds), Application (Batteries, Dental Applications, Measuring and Controlling Devices, Lamps, Electrical and Electronics Devices, Processing of Gold, Other Applications (Healthcare, Pharmaceuticals, and Batteries)), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa).

Get Full Insights: https://www.mordorintelligence.com/industry-reports/mercury-market?utm_source=openpr

Lead Market: The report covers Global Lead Industry Growth and Share. The market is segmented by application (ammunition, batteries, construction, electronics, marine, plumbing, and other applications) and geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa). The market size and forecasts are provided in terms of revenue (USD million) for all the above segments.

Get Full Insights: https://www.mordorintelligence.com/industry-reports/lead-market?utm_source=openpr

For any inquiries, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/contact-us

About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

This release was published on openPR.