Product Code: MRFR/CnM/1662-CR
Market Overview
Rare Earth Metals Market is expected to register a healthy CAGR of 6.12% during the review period. The essential force behind the development of the rare earth metals market overall is the public authority drives towards rare earth metals.
Because of their complete characteristics, for example, great and unmistakable qualities, rare earth metals are popular across an assortment of end-use sectors. The rare-earth components (REEs) were beforehand simply known to an exceptionally restricted gathering of people, including scientific experts, geologists, experts in the field of materials science, and designers. Due to the public's acknowledgment of the crucial, characteristics that REEs add to current innovation, China's predominance in REE creation and supply, and the global dependence on China for most of the world's REE supply, REEs have become more noticeable in the 21st hundred years through various news sources.
To conquer China's strength and concentrate rare earth metals in individual nations numerous administration specialists arranged strategies for the improvement of the country. Arrangements like the Multilateral Minerals Security Organization (MSP) were sent off in June 2022 fully intent on joining countries to make serious areas of strength for the mineral stockpile chains expected for accomplishing environment objectives. The US, Canada, Australia, the Republic of Korea, Japan, and a few European countries are engaged with this union.
Market Segmentation
The Rare Earth Metals Market segmentation, based on type has been segmented as cerium, dysprosium, erbium, europium, neodymium, holmium, lanthanum, lutetium, and others.
The Rare Earth Metals Market segmentation, based on application, the market is segmented as metallurgy, batteries, magnets, glass & ceramics, polishing agents, and others.
Regional Insights
The rare earth metals industry in Asia-Pacific is probably going to make the region the biggest extending worldwide market for rare earth metals. APAC, especially China, has generally been the predominant player in rare earth metal creation. China has critical rare earth holds and has been the biggest maker and exporter of these metals. Its creation strength has added to forming the worldwide rare earth metal market elements. China's command over the creation and inventory network of rare earth metals has affected market elements. Its predominance has prompted worries about supply security and cost instability, provoking different nations to look for broadening and foster their own rare earth metal sources. APAC, explicitly nations like Japan, South Korea, and Taiwan, is a significant assembling center for innovative enterprises. These enterprises intensely depend on rare earth metals for applications like gadgets, auto, environmentally friendly power, and media communications. The development and extension of these ventures in APAC have filled the interest for rare earth metals.
Major Players
Key Companies in the Rare Earth Metals Market includes Iluka Resources (Australia), Lynas Rare Earths Ltd. (Malaysia), Jiangsu Huahong Technology Co., Ltd. (China), Solvay (Belgium), , itachi Metals Ltd. (Japan), Geomega Resources Inc. (Canada), Shenghe Resources Holdings Co., Ltd. (China), GanZhou QianDong Rare Earth Group Co. Ltd. (China), and Sigma-Aldrich (United States).
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 RARE EARTH METALS MARKET, BY TYPE
- 1.1.2 RARE EARTH METALS MARKET ANALYSIS BY APPLICATION
- 1.1.3 RARE EARTH METALS MARKET, BY REGION
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 RESEARCH PROCESS
- 3.2 PRIMARY RESEARCH
- 3.3 SECONDARY RESEARCH
- 3.4 MARKET SIZE ESTIMATION
- 3.5 TOP-DOWN AND BOTTOM-UP APPROACH
- 3.6 FORECAST MODEL
- 3.7 LIST OF ASSUMPTIONS & LIMITATIONS
4 MARKET DYNAMICS
- 4.1 INTRODUCTION
- 4.2 DRIVERS
- 4.2.1 GOVERNMENT INITIATIVES TOWARDS RARE EARTH METALS
- 4.2.2 INCREASING USAGE OF RARE EARTH METALS IN MAGNET
- 4.3 RESTRAINTS
- 4.3.1 FLUCTUATING RAW MATERIAL PRICES
- 4.4 OPPORTUNITIES
- 4.4.1 SURGE IN DEMAND FOR THE ELECTRIC VEHICLES
- 4.5 CHALLENGE
- 4.5.1 CHINA'S DOMINANCE IN THE MARKET
5 MARKET FACTOR ANALYSIS
- 5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL SUPPLIERS
- 5.1.2 RARE EARTH METALS MANUFACTURERS
- 5.1.3 DISTRIBUTION & SALES CHANNEL
- 5.1.4 APPLICATION
- 5.2 PORTER'S FIVE FORCES ANALYSIS
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
- 5.3 IMPACT OF COVID 19 OUTBREAK ON THE RARE EARTH METALS MARKET
- 5.3.1 IMPACT OF COVID-19 ON THE SUPPLY CHAIN OF RARE EARTH METALS
6 GLOBAL RARE EARTH METALS MARKET, BY TYPE
- 6.1 OVERVIEW
- 6.2 GLOBAL RARE EARTH METALS MARKET SIZE, MARKET ESTIMATES & FORECAST BY TYPE, 2019-2030
- 6.2.1 GLOBAL RARE EARTH METALS MARKETSIZE: MARKET ESTIMATES & FORECAST BY TYPE, 2019-2030
- 6.3 GLOBAL RARE EARTH METALS MARKET SIZE, MARKET ESTIMATES & FORECAST BY TYPE, 2019-2030
- 6.3.1 GLOBAL RARE EARTH METALS MARKETSIZE: MARKET ESTIMATES & FORECAST BY TYPE, 2019-2030
7 GLOBAL RARE EARTH METALS MARKET, BY APPLICATION
- 7.1 OVERVIEW
- 7.2 GLOBAL RARE EARTH METALS MARKET SIZE, MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030
- 7.2.1 GLOBAL RARE EARTH METALS MARKETSIZE: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030
- 7.3 GLOBAL RARE EARTH METALS MARKET SIZE, MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030
- 7.3.1 GLOBAL RARE EARTH METALS MARKETSIZE: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030
8 GLOBAL RARE EARTH METALS MARKET, BY REGION
- 8.1 NORTH AMERICA
- 8.2 EUROPE
- 8.2.1 GERMANY
- 8.2.2 RUSSIA
- 8.2.3 UK
- 8.2.4 ITALY
- 8.2.5 FRANCE
- 8.2.6 SPAIN
- 8.2.7 REST OF EUROPE
- 8.3 ASIA-PACIFIC
- 8.3.1 CHINA
- 8.3.2 JAPAN
- 8.3.3 INDIA
- 8.3.4 SOUTH KOREA
- 8.3.5 REST OF ASIA-PACIFIC
- 8.4 LATIN AMERICA
- 8.4.1 BRAZIL
- 8.4.2 ARGENTINA
- 8.4.3 MEXICO
- 8.4.4 REST OF LATIN AMERICA
- 8.5 MIDDLE EAST & AFRICA
- 8.5.1 GCC COUNTRIES
- 8.5.2 SOUTH AFRICA
- 8.5.3 REST OF MIDDLE EAST & AFRICA
9 COMPETITIVE LANDSCAPE
- 9.1 COMPETITIVE OVERVIEW
- 9.2 KEY DEVELOPMENTS
- 9.3 GLOBAL MARKET STRATEGY ANALYSIS
- 9.4 COMPETITIVE BENCHMARKING
10 COMPANY PROFILES
- 10.1 ILUKA RESOURCES
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 FINANCIAL OVERVIEW
- 10.1.3 PRODUCTS OFFERED
- 10.1.4 KEY DEVELOPMENTS
- 10.1.5 SWOT ANALYSIS
- 10.1.6 KEY STRATEGIES
- 10.2 LYNAS RARE EARTHS LTD
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 FINANCIAL OVERVIEW
- 10.2.3 PRODUCTS OFFERED
- 10.2.4 KEY DEVELOPMENT
- 10.2.5 SWOT ANALYSIS
- 10.2.6 KEY STRATEGIES
- 10.3 JIANGSU HUAHONG TECHNOLOGY CO., LTD
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 FINANCIAL OVERVIEW
- 10.3.3 PRODUCTS OFFERED
- 10.3.4 KEY DEVELOPMENTS
- 10.3.5 SWOT ANALYSIS
- 10.3.6 KEY STRATEGIES
- 10.4 SOLVAY
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 FINANCIAL OVERVIEW
- 10.4.3 PRODUCTS OFFERED
- 10.4.4 KEY DEVELOPMENTS
- 10.4.5 SWOT ANALYSIS
- 10.4.6 KEY STRATEGIES
- 10.5 HITACHI METALS, LTD
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 FINANCIAL OVERVIEW
- 10.5.3 PRODUCTS OFFERED
- 10.5.4 KEY DEVELOPMENTS
- 10.5.5 SWOT ANALYSIS
- 10.5.6 KEY STRATEGIES
- 10.6 GEOMEGA RESOURCES INC.
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 FINANCIAL OVERVIEW
- 10.6.3 PRODUCTS OFFERED
- 10.6.4 KEY DEVELOPMENTS
- 10.6.5 SWOT ANALYSIS
- 10.6.6 KEY STRATEGIES
- 10.7 SHENGHE RESOURCES HOLDINGS CO., LTD
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 FINANCIAL OVERVIEW
- 10.7.3 PRODUCTS OFFERED
- 10.7.4 KEY DEVELOPMENTS
- 10.7.5 SWOT ANALYSIS
- 10.7.6 KEY STRATEGIES
- 10.8 GANZHOU QIANDONG RARE EARTHS GROUP CO., LTD
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 FINANCIAL OVERVIEW
- 10.8.3 PRODUCTS OFFERED
- 10.8.4 KEY DEVELOPMENTS
- 10.8.5 SWOT ANALYSIS
- 10.8.6 KEY STRATEGIES
- 10.9 SIGMA-ALDRICH
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 FINANCIAL OVERVIEW
- 10.9.3 PRODUCTS OFFERED
- 10.9.4 KEY DEVELOPMENTS
- 10.9.5 SWOT ANALYSIS
- 10.9.6 KEY STRATEGIES
11 APPENDIX
- 11.1 REFERENCES
- 11.2 RELATED REPORTS