The global Rare Metals market was valued at US$ 10970 million in 2022 and is projected to reach US$ 18610 million by 2030, at a CAGR of 7.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A rare-earth element (REE) or rare-earth metal (REM), as defined by IUPAC, is one of a set of seventeen chemical elements in the periodic table, specifically the fifteen lanthanides, as well as scandium and yttrium. Scandium and yttrium are considered rare-earth elements because they tend to occur in the same ore deposits as the lanthanides and exhibit similar chemical properties. For the same set of mineralogical, chemical, physical (especially electron shell configuration), and related reasons, a broader definition of rare earth elements including the actinides is encountered in some cases. Thorium is a significant component of monazite and other important rare earth minerals, and uranium and decay products are found in others. Both series of elements begin on the periodic table in group 3 under yttrium and scandium.
This report aims to provide a comprehensive presentation of the global market for Rare Metals, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Rare Metals. This report contains market size and forecasts of Rare Metals in global, including the following market information:
- Global Rare Metals Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global Rare Metals Market Sales, 2018-2023, 2024-2030, (K MT)
- Global top five Rare Metals companies in 2022 (%)
Growing demand for magnets in automobiles, and energy generation will majorly contribute to the growth of global rare earth metals market over the forecast period. The demand for rare earth magnets is majorly increasing by their consumption in electric and hybrid vehicles, and wind turbines. Increasing focus on utilizing clean and renewable energy is giving a substantial pressure on the electricity providers, to generate energy through renewable sources, which in turn will show a positive impact on the growth of this market.
We surveyed the Rare Metals manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Rare Metals Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Rare Metals Market Segment Percentages, by Type, 2022 (%)
- Cerium
- Dysprosium
- Erbium
- Europium
- Gadolinium
- Holmium
- Lanthanum
- Lutetium
- Neodymium
- Others
Global Rare Metals Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Rare Metals Market Segment Percentages, by Application, 2022 (%)
- Automotive
- Military
- Aviation
- Electronic
- Others
Global Rare Metals Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Rare Metals Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Rare Metals revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Rare Metals revenues share in global market, 2022 (%)
- Key companies Rare Metals sales in global market, 2018-2023 (Estimated), (K MT)
- Key companies Rare Metals sales share in global market, 2022 (%)
key players include:
- Iluka Resources Limited
- Lynas Corporation, Ltd.
- Greenland Minerals and Energy Ltd.
- Northern Minerals Limited
- Alkane Resources Ltd
- Rising Nonferrous Metals Co., Ltd
- Arafura Resources Ltd.
- Canada Rare Earth Corporation
- China Minmetals Rare Earth Co., Ltd
- Indian Rare Earths Limited
- Neo Performance Materials Inc.
- Avalon Rare Metals
- Great Western Minerals Group Ltd.
Outline of Major Chapters:
Chapter 1: Introduces the definition of Rare Metals, market overview.
Chapter 2: Global Rare Metals market size in revenue and volume.
Chapter 3: Detailed analysis of Rare Metals manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Rare Metals in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Rare Metals capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
