Heavy Rare Earth Elements Market 2025 : Key Trends, Growth Factors & Global Expansion Forecast 2031 | Gadolinium, Yttrium, Terbium

Market Summary -

The global market for Heavy Rare Earth Elements was estimated to be worth US$ 1606 million in 2024 and is forecast to a readjusted size of US$ 2414 million by 2031 with a CAGR of 6.4% during the forecast period 2025-2031.

Accourding to QY Research has released a new publication titled "Global Heavy Rare Earth Elements Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Heavy Rare Earth Elements industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

Get Full PDF Sample Copy of the Report: (Including Full TOC, Tables & Charts): https://qyresearch.in/request-sample/chemical-material-heavy-rare-earth-elements-market-share-and-ranking-overall-sales-and-demand-forecast-2025-2031

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Heavy Rare Earth Elements cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Heavy Rare Earth Elements (HREEs) refer to a subset of rare earth elements with atomic numbers ranging from 64 (Gadolinium) to 71 (Lutetium), often including Yttrium (atomic number 39) due to its similar chemical properties and applications. These elements are typically found in lower concentrations compared to light rare earths and are more geologically dispersed, making their extraction and refinement more challenging and costly. HREEs play a critical role in high-performance technologies, including permanent magnets used in electric vehicles (EVs) and wind turbines, phosphors in LED lighting and displays, catalysts, aerospace components, and military systems such as radar and missile guidance technologies.

Recent Developments -

The authors of the report have put forward recent developments by key participants. Other strategic activities by manufacturers such as M&A, joint ventures, collaborations, innovation, product offerings, and research and development activities are highlighted in this research study. This will keep the users up-to-date about the undertakings and give the users a crystal-clear understanding of the key advancements emerging in the business.

Market Growth Driven-

The market for HREEs is shaped by increasing demand from high-tech and green energy industries, especially as global trends push toward electrification and low-carbon solutions. With EV adoption rising sharply and renewable energy infrastructure expanding, the need for HREEs like Dysprosium and Terbium-key for high-temperature resistant magnets-is expected to grow significantly. Additionally, geopolitical considerations and supply chain concentration, particularly China's dominant role in mining and refining HREEs, have sparked global efforts to diversify supply sources. Countries and companies are investing in new exploration projects, recycling technologies, and alternative processing methods to reduce dependence and ensure long-term material security.

Looking ahead, the HREEs market is poised for sustained growth driven by technological innovation and strategic initiatives aimed at securing critical raw materials. However, development will also depend on overcoming environmental, technical, and economic challenges related to resource extraction and refinement. With governments increasingly classifying rare earths as strategic or critical minerals, regulatory support and public-private partnerships are likely to play a key role in shaping the future landscape of the HREEs market.

Global key players of Heavy Rare Earth Elements include China Rare Earth Group, Xiamen Tungsten Industry, Shenghe Resources Holdings, Northern Minerals, etc. The top four players hold a share over 70%. Asia-Pacific is the largest market, which has a share about 60%, followed by North America and Europe with a market share of 20% and 15%, respectively. In terms of application, Magnets is the largest segment, which has a share about 65%.

Market Segmentation and Regional -

By Type

Gadolinium
Yttrium
Terbium
Dysprosium
Holmium
Erbium
Thulium
Ytterbium
Lutetium

By Application

Magnets
Catalysts
Metallurgy
Polishing
Glass
Phosphors
Ceramics
Others

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

The analysis spans from 2024 (base year) to 2031 (forecast period).

Major Company Included: -

China Rare Earth Group
Shenghe Resources Holdings
Xiamen Tungsten Industry
Northern Minerals

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Why should you purchase this report?

Purchasing this report provides you with a comprehensive and data-driven understanding of the market landscape, enabling informed business decisions and strategic planning. The report comes with free customization based on client requirements, including a country-level breakdown of any five countries of your choice and a competitive analysis of segment revenue by key market players. With detailed insights into market trends, growth drivers, challenges, competitive dynamics, and emerging opportunities, this report equips stakeholders, manufacturers, and investors with actionable intelligence to identify profitable prospects, optimize operations, and maintain a competitive edge in the industry.

How Can the Research Study Help your Business?

✔ The information presented in the Heavy Rare Earth Elements report helps your decision makers to become prudent and make the best business choices.
✔ The report enables you to see the future of the global Heavy Rare Earth Elements market and accordingly take decisions that will be in the best interest of your business.
✔ It offers you a forward-looking perspective of the global Heavy Rare Earth Elements market drivers and how you can secure significant market gains in the near future.
✔ It provides SWOT analysis of the global Heavy Rare Earth Elements market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.
✔ It also assesses the changing competitive dynamics of the global Heavy Rare Earth Elements market using pin-point evaluation.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional Heavy Rare Earth Elements market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Heavy Rare Earth Elements Product Introduction
1.2 Global Heavy Rare Earth Elements Market Size Forecast
1.2.1 Global Heavy Rare Earth Elements Sales Value (2020-2031)
1.2.2 Global Heavy Rare Earth Elements Sales Volume (2020-2031)
1.2.3 Global Heavy Rare Earth Elements Sales Price (2020-2031)
1.3 Heavy Rare Earth Elements Market Trends & Drivers
1.3.1 Heavy Rare Earth Elements Industry Trends
1.3.2 Heavy Rare Earth Elements Market Drivers & Opportunity
1.3.3 Heavy Rare Earth Elements Market Challenges
1.3.4 Heavy Rare Earth Elements Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Heavy Rare Earth Elements Players Revenue Ranking (2024)
2.2 Global Heavy Rare Earth Elements Revenue by Company (2020-2025)
2.3 Global Heavy Rare Earth Elements Players Sales Volume Ranking (2024)
2.4 Global Heavy Rare Earth Elements Sales Volume by Company Players (2020-2025)
2.5 Global Heavy Rare Earth Elements Average Price by Company (2020-2025)
2.6 Key Manufacturers Heavy Rare Earth Elements Manufacturing Base and Headquarters
2.7 Key Manufacturers Heavy Rare Earth Elements Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Heavy Rare Earth Elements
2.9 Heavy Rare Earth Elements Market Competitive Analysis
2.9.1 Heavy Rare Earth Elements Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Heavy Rare Earth Elements Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Heavy Rare Earth Elements as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Gadolinium
3.1.2 Yttrium
3.1.3 Terbium
3.1.4 Dysprosium
3.1.5 Holmium
3.1.6 Erbium
3.1.7 Thulium
3.1.8 Ytterbium
3.1.9 Lutetium
3.2 Global Heavy Rare Earth Elements Sales Value by Type
3.2.1 Global Heavy Rare Earth Elements Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Heavy Rare Earth Elements Sales Value, by Type (2020-2031)
3.2.3 Global Heavy Rare Earth Elements Sales Value, by Type (%) (2020-2031)
3.3 Global Heavy Rare Earth Elements Sales Volume by Type
3.3.1 Global Heavy Rare Earth Elements Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Heavy Rare Earth Elements Sales Volume, by Type (2020-2031)
3.3.3 Global Heavy Rare Earth Elements Sales Volume, by Type (%) (2020-2031)
3.4 Global Heavy Rare Earth Elements Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Magnets
4.1.2 Catalysts
4.1.3 Metallurgy
4.1.4 Polishing
4.1.5 Glass
4.1.6 Phosphors
4.1.7 Ceramics
4.1.8 Others
4.2 Global Heavy Rare Earth Elements Sales Value by Application
4.2.1 Global Heavy Rare Earth Elements Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Heavy Rare Earth Elements Sales Value, by Application (2020-2031)
4.2.3 Global Heavy Rare Earth Elements Sales Value, by Application (%) (2020-2031)
4.3 Global Heavy Rare Earth Elements Sales Volume by Application
4.3.1 Global Heavy Rare Earth Elements Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Heavy Rare Earth Elements Sales Volume, by Application (2020-2031)
4.3.3 Global Heavy Rare Earth Elements Sales Volume, by Application (%) (2020-2031)
4.4 Global Heavy Rare Earth Elements Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Heavy Rare Earth Elements Sales Value by Region
5.1.1 Global Heavy Rare Earth Elements Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Heavy Rare Earth Elements Sales Value by Region (2020-2025)
5.1.3 Global Heavy Rare Earth Elements Sales Value by Region (2026-2031)
5.1.4 Global Heavy Rare Earth Elements Sales Value by Region (%), (2020-2031)
5.2 Global Heavy Rare Earth Elements Sales Volume by Region
5.2.1 Global Heavy Rare Earth Elements Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Heavy Rare Earth Elements Sales Volume by Region (2020-2025)
5.2.3 Global Heavy Rare Earth Elements Sales Volume by Region (2026-2031)
5.2.4 Global Heavy Rare Earth Elements Sales Volume by Region (%), (2020-2031)
5.3 Global Heavy Rare Earth Elements Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Heavy Rare Earth Elements Sales Value, 2020-2031
5.4.2 North America Heavy Rare Earth Elements Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Heavy Rare Earth Elements Sales Value, 2020-2031
5.5.2 Europe Heavy Rare Earth Elements Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Heavy Rare Earth Elements Sales Value, 2020-2031
5.6.2 Asia Pacific Heavy Rare Earth Elements Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Heavy Rare Earth Elements Sales Value, 2020-2031
5.7.2 South America Heavy Rare Earth Elements Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Heavy Rare Earth Elements Sales Value, 2020-2031
5.8.2 Middle East & Africa Heavy Rare Earth Elements Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Heavy Rare Earth Elements Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Heavy Rare Earth Elements Sales Value and Sales Volume
6.2.1 Key Countries/Regions Heavy Rare Earth Elements Sales Value, 2020-2031
6.2.2 Key Countries/Regions Heavy Rare Earth Elements Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Heavy Rare Earth Elements Sales Value, 2020-2031
6.3.2 United States Heavy Rare Earth Elements Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Heavy Rare Earth Elements Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Heavy Rare Earth Elements Sales Value, 2020-2031
6.4.2 Europe Heavy Rare Earth Elements Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Heavy Rare Earth Elements Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Heavy Rare Earth Elements Sales Value, 2020-2031
6.5.2 China Heavy Rare Earth Elements Sales Value by Type (%), 2024 VS 2031
6.5.3 China Heavy Rare Earth Elements Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Heavy Rare Earth Elements Sales Value, 2020-2031
6.6.2 Japan Heavy Rare Earth Elements Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Heavy Rare Earth Elements Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Heavy Rare Earth Elements Sales Value, 2020-2031
6.7.2 South Korea Heavy Rare Earth Elements Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Heavy Rare Earth Elements Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Heavy Rare Earth Elements Sales Value, 2020-2031
6.8.2 Southeast Asia Heavy Rare Earth Elements Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Heavy Rare Earth Elements Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Heavy Rare Earth Elements Sales Value, 2020-2031
6.9.2 India Heavy Rare Earth Elements Sales Value by Type (%), 2024 VS 2031
6.9.3 India Heavy Rare Earth Elements Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 China Rare Earth Group
7.1.1 China Rare Earth Group Company Information
7.1.2 China Rare Earth Group Introduction and Business Overview
7.1.3 China Rare Earth Group Heavy Rare Earth Elements Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 China Rare Earth Group Heavy Rare Earth Elements Product Offerings
7.1.5 China Rare Earth Group Recent Development
7.2 Shenghe Resources Holdings
7.2.1 Shenghe Resources Holdings Company Information
7.2.2 Shenghe Resources Holdings Introduction and Business Overview
7.2.3 Shenghe Resources Holdings Heavy Rare Earth Elements Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Shenghe Resources Holdings Heavy Rare Earth Elements Product Offerings
7.2.5 Shenghe Resources Holdings Recent Development
7.3 Xiamen Tungsten Industry
7.3.1 Xiamen Tungsten Industry Company Information
7.3.2 Xiamen Tungsten Industry Introduction and Business Overview
7.3.3 Xiamen Tungsten Industry Heavy Rare Earth Elements Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Xiamen Tungsten Industry Heavy Rare Earth Elements Product Offerings
7.3.5 Xiamen Tungsten Industry Recent Development
7.4 Northern Minerals
7.4.1 Northern Minerals Company Information
7.4.2 Northern Minerals Introduction and Business Overview
7.4.3 Northern Minerals Heavy Rare Earth Elements Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Northern Minerals Heavy Rare Earth Elements Product Offerings
7.4.5 Northern Minerals Recent Development
8 Industry Chain Analysis
8.1 Heavy Rare Earth Elements Industrial Chain
8.2 Heavy Rare Earth Elements Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Heavy Rare Earth Elements Sales Model
8.5.2 Sales Channel
8.5.3 Heavy Rare Earth Elements Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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