Rare-Earth Metals Market Size, Status, Top Players, Trends and Forecast 2029
Rare-Earth Metals Market size was valued at US$ 4.72 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 12.4% through 2021 to 2029, reaching nearly US$ 12.02 Bn. by 2029.
Rare-Earth Metals Market overview
Maximize Market Research provides a brief description of Rare-Earth Metals, provides the latest snapshots of the market, and best understands its features. The report covers analysed insights in view of the Rare-Earth Metals Market along with its ever-changing patterns, industry environment, and all dominant aspects of the market. The research methodology has been applied to analyse the global Rare-Earth Metals market and these findings have been logically mentioned in the report.
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Rare-Earth Metals Market scope
The report provides in-depth analysis of the Rare-Earth Metals Market which is equipped with key findings that act as a guide for the stakeholders and investors in the Rare-Earth Metals market. The report uses a bottom-up approach to understand Rare-Earth Metals market estimations which are validated by various segments. A detailed study is conducted on the drivers, challenges, restraints to the Rare-Earth Metals market and opportunities prevailing for the Rare-Earth Metals Market.
SWOT, and Porter’s Five Force analysis tools were used for research that combined qualitative and quantitative methods of research from the Rare-Earth Metals. Primary research was used to validate the findings from the secondary research. Thereby the report acts as a guide for investors, and market followers of the Rare-Earth Metals Market.
Segmentation
On the basis of product, the Rare-Earth Metals Market is sub-segmented into Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium, Praseodymium, Promethium, Samarium, Scandium, Terbium, Thulium, Ytterbium, and Yttrium. The cerium segment held the largest market share of 42.8% in 2021. Cerium is used as a catalyst in catalytic converters in exhaust systems in the automotive sector to reduce emissions. It's also found in nickel-metal hydride (NiMH) batteries. Over the forecast period, the increased demand for hybrid vehicles is expected to have a beneficial impact on rare earth demand.
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Key Players
• Lynas Corporation
• Alkane Resources
• Arafura Resources
• China Minmetals Rare
• Avalon Advanced Materials
• Iluka Resource
• Canada Rare Earth
• Shin-Etsu Chemical Co. Ltd.
• China Northern Rare Earth
• Molycorp Inc
• Rare Element Resources
• Eutectix
• Indian Rare Earths
• Great Western Minerals
• Frontier Rare Earths.
• Greenland Minerals & Energy
• Ucore Rare Metals Inc.
• Medallion Resources Ltd
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Regional Analysis
The research report gives a detailed analysis of the Rare-Earth Metals market that is divided into regions. The report includes an evaluation of regional market participants operating in the market, as well as findings pertinent to the target Rare-Earth Metals market. On a regional and country-by-country basis, the study evaluates the market in North America, Latin America, Europe, Asia Pacific (APAC), Africa, and the Middle East. Each region & market is thoroughly researched, allowing for the discovery of regional market trends, constraints, and growth potential.
Key Questions answered in the Rare-Earth Metals Market Report are:
- What is Rare-Earth Metals?
- What was the Rare-Earth Metalsmarket size in 2021?
- What is the expected Rare-Earth Metalsmarket size by 2029?
- What is the growth rate of the Rare-Earth MetalsMarket?
- Which are the factors expected to drive the Rare-Earth Metalsmarket growth?
- Which segment dominated the Rare-Earth Metalsmarket growth?
- What is the demand pattern for the Rare-Earth Metalsmarket?
- Which region held the largest share in the Rare-Earth Metalsmarket?
- Who are the key players in the Rare-Earth Metalsmarket?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Rare-Earth Metals
- Landscape- Leading key players and other prominent key players.
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