The Rare Earth Elements Market is expected to be around US$ 6.85 Billion by 2027 at a CAGR of 11.02% in the given forecast period.
Rare earth elements are a collection of seventeen chemical elements that happen together in the periodic table. The group contains of scandium, yttrium, and fifteen lanthanide elements. Rare earth elements are found in the earth’s coating and exhibit similar chemical and physical properties. Cerium, lanthanum, praseodymium, yttrium, neodymium, erbium, holmium, and dysprosium are some of the extensively used rare earth elements. These elements offer many benefits, such as improved magnetism, weight reduction, high electrical conductivity, enhanced heat resistance, etc. Moreover, the increasing environmental concerns towards the growing CO2 emissions from fuel-driven automobiles are augmenting the demand for electric vehicles across the globe. These electric vehicles use numerous REE-based permanent magnets, such as praseodymium magnets and neodymium, in the manufacture of high-efficiency batteries. REEs, demand for cerium and lanthanum is the largest in the world.
The global Rare Earth Elements market is segregated on the basis of Product Outlook as Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium, Praseodymium, Promethium, Samarium, Scandium, Terbium, Thulium, Ytterbium, and Yttrium. Based on Application Outlook the global Rare Earth Elements market is segmented in Magnets, Catalysts, Metallurgy, Polishing, Glass, Phosphors, Ceramics, and Other.
The global Rare Earth Elements market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Rare Earth Elements market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Lynas Corporation, Alkane Resources Ltd., Arafura Resources Ltd., China Minmetals Rare Earth Co. Ltd., Avalon Advanced Material Inc., Baotou Hefa Rare Earth Co. Ltd., Canada Rare Earth Corporation, Iluka Resource Ltd. (Iluka), Northern Minerals Limited, Greenland Minerals Ltd., and others are among the major players in the global Rare Earth Elements market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Rare Earth Elements Market has been segmented as below:
Rare Earth Elements Market, By Product Outlook
Rare Earth Elements Market, By Application Outlook
Rare Earth Elements Market, By Region
Rare Earth Elements Market, By Company
The report covers:
Report Scope:
The global Rare Earth Elements market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Rare Earth Elements market share. Major industry players with significant revenue share include Lynas Corporation, Alkane Resources Ltd., Arafura Resources Ltd., China Minmetals Rare Earth Co. Ltd., Avalon Advanced Material Inc., Baotou Hefa Rare Earth Co. Ltd., Canada Rare Earth Corporation, Iluka Resource Ltd. (Iluka), Northern Minerals Limited, Greenland Minerals Ltd., and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Essential Oils Market, By Product Outlook
5.1. Key Points
5.2. Cerium
5.3. Dysprosium
5.4. Erbium
5.5. Europium
5.6. Gadolinium
5.7. Holmium
5.8. Lanthanum
5.9. Lutetium
5.10. Neodymium
5.11. Praseodymium
5.12. Promethium
5.13. Samarium
5.14. Scandium
5.15. Terbium
5.16. Thulium
5.17. Ytterbium
5.18. Yttrium
6. Essential Oils Market, By Application Outlook
6.1. Key Points
6.2. Magnets
6.3. Catalysts
6.4. Metallurgy
6.5. Polishing
6.6. Glass
6.7. Phosphors
6.8. Ceramics
6.9. Other
7. Competitive Landscape
7.1. Introduction
7.2. Recent Developments
7.2.1. Mergers & Acquisitions
7.2.2. New Product Developments
7.2.3. Portfolio/Production Capacity Expansions
7.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
7.2.5. Others
8. Company Profiles
8.1 Lynas Corporation
8.1.1 Company Overview
8.1.2 Product/Service Landscape
8.1.3 Financial Overview
8.1.4 Recent Developments
8.2 Alkane Resources Ltd.
8.2.1 Company Overview
8.2.2 Product/Service Landscape
8.2.3 Financial Overview
8.2.4 Recent Developments
8.3 Arafura Resources Ltd.
8.3.1 Company Overview
8.3.2 Product/Service Landscape
8.3.3 Financial Overview
8.3.4 Recent Developments
8.4 China Minmetals Rare Earth Co. Ltd.
8.4.1 Company Overview
8.4.2 Product/Service Landscape
8.4.3 Financial Overview
8.4.4 Recent Developments
8.5 Avalon Advanced Material Inc.
8.5.1 Company Overview
8.5.2 Product/Service Landscape
8.5.3 Financial Overview
8.5.4 Recent Developments
8.6 Baotou Hefa Rare Earth Co. Ltd.
8.6.1 Company Overview
8.6.2 Product/Service Landscape
8.6.3 Financial Overview
8.6.4 Recent Developments
8.7 Canada Rare Earth Corporation
8.7.1 Company Overview
8.7.2 Product/Service Landscape
8.7.3 Financial Overview
8.7.4 Recent Developments
8.8 Iluka Resource Ltd.
8.8.1 Company Overview
8.8.2 Product/Service Landscape
8.8.3 Financial Overview
8.8.4 Recent Developments
8.9 Northern Minerals Limited
8.9.1 Company Overview
8.9.2 Product/Service Landscape
8.9.3 Financial Overview
8.9.4 Recent Developments
8.10 Greenland Minerals Ltd.
8.10.1 Company Overview
8.10.2 Product/Service Landscape
8.10.3 Financial Overview
8.10.4 Recent Developments
The Rare Earth Elements Market has been segmented as below:
Rare Earth Elements Market, By Product Outlook
Rare Earth Elements Market, By Application Outlook
Rare Earth Elements Market, By Region
Rare Earth Elements Market, By Company
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