Summary

Rare Earth Elements Market Research Report Information By Product (Cerium, Dysprosium, Erbium, Europium, Gadolinium, Lanthanum, Neodymium, Praseodymium, Samarium, Terbium, Ytterbium, Yttrium, Others) By Application (Magnets, Catalysts, Metallurgy, Polishing, Glass, Phosphors, Ceramics, Others) By End Use (Automotive, Oil & Gas, Electronics, Renewable Energy, Defense and Aerospace, Others) and By Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa) Global Forecast to 2032
Market Overview
In 2023, the market for rare earth elements was estimated to be worth $9,140.6 million. The Rare Earth Elements Market is expected to expand from USD 10,417.5 million in 2024 to USD 26,049.7 million in 2032, with a compound annual growth rate (CAGR) of 12.1% throughout the forecast period.

Rare earth elements are in high demand in the aerospace and defense sectors due to their critical role in the development of sophisticated materials and components that meet strict performance, durability, and weight criteria. Rare earth elements such as neodymium, samarium, dysprosium, and yttrium play critical roles in the production of powerful, yet lightweight permanent magnets, high-temperature alloys, and phosphors used in a variety of aerospace and defense applications. Rare earth elements play an important role in the development of high-strength magnets for electric actuators, sensors, and power production systems, all of which require long-lasting components to improve efficiency and reduce aircraft weight. The usage of rare earth element-based magnets and alloys also contributes to improved fuel efficiency, lower emissions, and increased performance. Furthermore, rare earth elements are used in the defense industry to develop laser guidance, radar systems, missile technology, and electronic warfare systems. These systems rely on rare earth magnets and high-performance alloys for precision, dependability, and the ability to operate in harsh environments.

Market Segment insights
The Rare Earth Elements Market is split by product as Cerium, Dysprosium, Erbium, Europium, Gadolinium, Lanthanum, Neodymium, Praseodymium, Samarium, Terbium, Ytterbium, Yttrium, and Others.
Magnets, Catalysts, Metallurgy, Polishing, Glass, Phosphors, Ceramics, and Others are the market segments organized by application.
The Rare Earth Elements Market is categorized by End Use as Automotive, Oil & Gas, Electronics, Renewable Energy, Defense and Aerospace, and Others.

Regional insights
The Rare Earth Elements Market is divided into five regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America. The Asia-Pacific Rare Earth Elements Market has the largest market share and is predicted to account for a sizable revenue share throughout the forecast period. Asia Pacific (APAC) controls the global rare earth element market, both in terms of supply and consumption. China is the world's leading producer and consumer of rare earth elements, accounting for more than 60% of total output. As a result, China plays a critical role in defining market dynamics, serving as both the principal exporter of rare earth materials and the primary supplier of refined rare earth goods.

Major Players
Lynas Rare Earths Ltd., Iluka Resources Ltd., Arafura Rare Earths, Shenghe Resources Holding Co., Ltd., Texas Mineral Resources Corp., IREL (India) Limited, Canada Rare Earth Corporation, MP Materials, Rare Element Resources Ltd., Avalon Advanced Materials Inc., and ACS Material, LLC are the major players in the Rare Earth Elements Market.

ページTOPに戻る

Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 OVERVIEW
3.2 DATA FLOW
3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
3.5.1 PRIMARY RESEARCH DATA FLOW:
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
3.6.1 CONSUMPTION & NET TRADE APPROACH
3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
3.8.1 MICROECONOMIC FACTOR ANALYSIS:
3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 GROWING DEMAND IN ELECTRONICS AND RENEWABLE ENERGY INDUSTRIES
4.2.2 GOVERNMENT POLICIES AND INCENTIVES
4.2.3 INCREASING USAGE IN AEROSPACE & DEFENSE
4.3 RESTRAINTS
4.3.1 RISING ENVIRONMENTAL CONCERNS
4.3.2 AVAILABILITY OF ALTERNATIVE MATERIALS
4.4 OPPORTUNITY
4.4.1 ENHANCED PROCESSING TECHNOLOGIES
4.4.2 RAPIDLY EXPANDING AUTOMOTIVE SECTOR
4.5 IMPACT ANALYSIS OF COVID-19
4.6 RUSSIA-UKRAINE WAR IMPACT ANALYSIS
4.7 US-CHINA TRADE WAR IMPACT ON THE MARKET
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY/VALUE CHAIN ANALYSIS
5.1.1 EXPLORATION & MINING
5.1.1.1 LIST OF KEY PLAYERS (COMPANY NAME, HEADQUARTERS, AND CONTACT DETAILS)
5.1.2 CONCENTRATION & PROCESSING
5.1.2.1 PROCESSING & PRODUCTION
5.1.2.2 PRODUCT DEVELOPMENT AND INNOVATION
5.1.3 REFINING & SEPARATION
5.1.3.1 LIST OF KEY PLAYERS (COMPANY NAME, HEADQUARTERS, AND CONTACT DETAILS)
5.1.4 . MANUFACTURING & ALLOYING
5.1.4.1 LIST OF KEY PLAYERS (COMPANY NAME, HEADQUARTERS, AND CONTACT DETAILS
5.1.5 END USERS
5.1.5.1 CUSTOMER NEEDS, PREFERENCES, PAIN POINTS & APPLICATIONS
5.1.5.2 LIST OF POTENTIAL CUSTOMERS/END USERS (COMPANY NAME, HEADQUARTERS, AND CONTACT DETAILS)
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 THREAT OF SUBSTITUTES
5.2.3 BARGAINING POWER OF SUPPLIERS
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF RIVALRY
5.3 PRICING ANALYSIS, BY REGION (USD/TON)
5.3.1 TRENDS
5.4 SUPPLY-DEMAND ANALYSIS, 2018-2023 (TONS)
5.4.1 SUPPLY ANALYSIS, 2018-2023
5.4.2 DEMAND ANALYSIS, 2018-2023
5.5 BROAD LEVEL GAP ANALYSIS TO UNDERSTAND UNTAPPED AREAS
5.5.1 BASED ON PRODUCT
5.5.2 BASED ON APPLICATION
5.6 TECHNOLOGY ADVANCEMENTS
5.6.1 TECHNOLOGY ROADMAP
5.6.2 COMPATIBILITY WITH END-USER INDUSTRIES
5.6.3 ADVANCED TESTING AND ANALYSIS
5.7 REGULATORY FRAMEWORK
5.7.1 GOVERNMENTAL POLICIES
5.7.2 CERTIFICATION AND STANDARDS
5.8 RESEARCH AND DEVELOPMENT UPDATE
5.8.1 CURRENT SCENARIO
5.8.2 FUTURE ROADMAP
5.8.3 CHALLENGES
5.8.4 NOVEL APPLICATIONS
5.8.5 KEY DEVELOPMENTS
5.9 ADJACENT MARKET ANALYSIS
5.10 OVERVIEW ON EXPANSION STRATEGIES – RARE EARTH ELEMENTS MARKET
5.10.1 INTEGRATION STRATEGY
5.10.2 DIVERSIFICATION STRATEGY
5.10.3 SUSTAINABILITY AND ENVIRONMENTAL RESPONSIBILITY
5.10.4 COOPERATION STRATEGY
5.11 FUNDING ANALYSIS
5.12 CASE STUDIES/USE CASES
5.12.1 CASE STUDY 1
5.12.2 CASE STUDY 2
5.13 PESTEL ANALYSIS
6 GLOBAL RARE EARTH ELEMENTS MARKET, BY PRODUCT
6.1 INTRODUCTION
6.1.1 CERIUM
6.1.2 DYSPROSIUM
6.1.3 ERBIUM
6.1.4 EUROPIUM
6.1.5 GADOLINIUM
6.1.6 LANTHANUM
6.1.7 NEODYMIUM
6.1.8 PRASEODYMIUM
6.1.9 SAMARIUM
6.1.10 TERBIUM
6.1.11 YTTERBIUM
6.1.12 YTTRIUM
6.1.13 OTHERS
6.1.13.1 HOLMIUM
6.1.13.2 LUTETIUM
6.1.13.3 PROMETHIUM
6.1.13.4 SCANDIUM
6.1.13.5 THULIUM
7 GLOBAL RARE EARTH ELEMENTS MARKET, BY APPLICATION
7.1 INTRODUCTION
7.1.1 MAGNETS
7.1.2 CATALYSTS
7.1.3 METALLURGY
7.1.4 POLISHING
7.1.5 GLASS
7.1.6 PHOSPHORS
7.1.7 CERAMICS
7.1.8 OTHERS
8 GLOBAL RARE EARTH ELEMENTS MARKET, BY END-USE
8.1 INTRODUCTION
8.1.1 AUTOMOTIVE
8.1.2 OIL & GAS
8.1.3 ELECTRONICS
8.1.4 RENEWABLE ENERGY
8.1.5 AEROSPACE & DEFENSE
8.1.6 OTHERS
9 GLOBAL RARE EARTH ELEMENTS MARKET, BY REGION
9.1 INTRODUCTION
9.1.1 NORTH AMERICA
9.1.2 EUROPE
9.1.3 ASIA PACIFIC
9.1.4 SOUTH AMERICA
9.1.5 MIDDLE EAST & AFRICA
9.2 REGIONAL ANALYSIS BY COUNTRY
9.2.1 NORTH AMERICA
9.2.1.1 US
9.2.1.2 CANADA
9.2.1.3 MEXICO
9.2.2 EUROPE
9.2.2.1 GERMANY
9.2.2.2 UK
9.2.2.3 FRANCE
9.2.2.4 RUSSIA
9.2.2.5 ITALY
9.2.2.6 SPAIN
9.2.2.7 REST OF EUROPE
9.2.3 ASIA-PACIFIC
9.2.3.1 CHINA
9.2.3.2 INDIA
9.2.3.3 JAPAN
9.2.3.4 SOUTH KOREA
9.2.3.5 MALAYSIA
9.2.3.6 THAILAND
9.2.3.7 INDONESIA
9.2.3.8 AUSTRALIA
9.2.3.9 REST OF ASIA-PACIFIC
9.2.4 SOUTH AMERICA
9.2.4.1 BRAZIL
9.2.4.2 ARGENTINA
9.2.4.3 REST OF SOUTH AMERICA
9.2.5 MIDDLE EAST & AFRICA
9.2.5.1 GCC COUNTRIES
9.2.5.2 SOUTH AFRICA
9.2.5.3 REST OF MIDDLE EAST & AFRICA
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 COMPANY MARKET SHARE ANALYSIS, 2023 (%)
10.3 COMPETITION DASHBOARD
10.4 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2023
10.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
10.5.1 AGREEMENT
10.5.2 CAPACITY EXPANSION
10.5.3 CONTRACT
11 COMPANY PROFILES
11.1 LYNAS RARE EARTHS LTD
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGY
11.2 ILUKA RESOURCES LTD.
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGY
11.3 ARAFURA RARE EARTHS
11.3.1 COMPANY OVERVIEW
11.3.2 FINANCIAL OVERVIEW
11.3.3 PRODUCTS OFFERED
11.3.4 KEY DEVELOPMENTS
11.3.5 SWOT ANALYSIS
11.3.6 KEY STRATEGY
11.4 SHENGHE RESOURCES HOLDING CO., LTD.
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 SWOT ANALYSIS
11.4.6 KEY STRATEGY
11.5 TEXAS MINERAL RESOURCES CORP.
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS OFFERED
11.5.4 KEY DEVELOPMENTS
11.5.5 SWOT ANALYSIS
11.5.6 KEY STRATEGY
11.6 IREL (INDIA) LIMITED
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGY
11.7 CANADA RARE EARTH CORPORATION
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS OFFERED
11.7.4 KEY DEVELOPMENTS
11.7.5 SWOT ANALYSIS
11.7.6 KEY STRATEGY
11.8 MP MATERIALS
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS OFFERED
11.8.4 KEY DEVELOPMENTS
11.8.5 SWOT ANALYSIS
11.8.6 KEY STRATEGY
11.9 RARE ELEMENT RESOURCES LTD.
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS OFFERED
11.9.4 KEY DEVELOPMENTS
11.9.5 SWOT ANALYSIS
11.9.6 KEY STRATEGY
11.10 AVALON ADVANCED MATERIALS INC.
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS OFFERED
11.10.4 KEY DEVELOPMENTS
11.10.5 SWOT ANALYSIS
11.10.6 KEY STRATEGY
11.11 ACS MATERIAL, LLC
11.11.1 COMPANY OVERVIEW
11.11.2 FINANCIAL OVERVIEW
11.11.3 PRODUCTS OFFERED
11.11.4 KEY DEVELOPMENTS
11.11.5 SWOT ANALYSIS
11.11.6 KEY STRATEGY
12 DATA CITATIONS