Press release
Rare Earth Metals Recycling Market Size, Revenue Share, Insights & Future Outlook
Rare Earth Metals Recycling MarketThe global market for Rare Earth Metals Recycling was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
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Rare earth elements are critical to modern life and society. Very limited recycling of these critical elements currently takes place. Advances can be made in recycling of the REE from magnets, fluorescent lamps, batteries and catalysts. Increased amounts of REE recycling is needed to ensure security of supply.
North American market for Rare Earth Metals Recycling is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Rare Earth Metals Recycling is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Rare Earth Metals Recycling include Solvay SA, Hitachi Metals, Umicore, Osram Licht, Energy Fuels, Global Tungsten & Powders, REEcycle, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
By Type
• Hydrometallurgical
• Pyrometallurgical
By Application
• Alloy
• Catalyst
• Permanent Magnets
• Glass
• Ceramics
• Phosphor
• Polishing Materials
• Hydrogen Storage Alloys
Key Companies
Solvay SA, Hitachi Metals, Umicore, Osram Licht, Energy Fuels, Global Tungsten & Powders, REEcycle
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