Rare-Earth Metals Industry Outlook: Opportunities and Revenue Projections

Rare-Earth Metals Market Overview

The rare-earth metals market was estimated to be worth US$ 5.96 billion in 2023, and by 2030, it is projected to have grown to about US$ 13.52 billion, with a compound annual growth rate (CAGR) of 12.4% through 2024.

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Rare-Earth Metals Market Regional Insights

Regional analysis is conducted to assess the status of the Rare-Earth Metals market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Rare-Earth Metals market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.

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Rare-Earth Metals Market Segmentation :

by Product

Cerium
Dysprosium
Erbium
Europium
Gadolinium
Holmium
Lanthanum
Lutetium
Others

Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium, Praseodymium, Promethium, Samarium, Scandium, Terbium, Thulium, Ytterbium, and Yttrium are the sub-segments of the Rare-Earth Metals Market. In 2023, the cerium segment had the biggest market share, accounting for 42.8%. In the automotive industry, cerium is utilized as a catalyst in catalytic converters in exhaust systems to lower emissions. Nickel-metal hydride (NiMH) batteries also include it. The rising demand for hybrid cars is anticipated to positively affect the demand for rare earth elements during the projected period.

by Application

Magnets
Catalysts
Metallurgy
Polishing
Glass
Phosphors
Ceramics
Other

Magnets, Catalysts, Metallurgy, Polishing, Glass, Phosphors, and Ceramics are the subsegments of the Rare-Earth Metals Market. In 2023, the magnet segment had the biggest share. Computer hard drives, linear actuators, servo motors, speakers, and sensors are just a few of the many devices that use them. The use of rare earth elements is anticipated to increase during the projected period due to growing demand for magnets in consumer electronics, turbines, and automobiles.

Rare-Earth Metals Market Key Players :

Major Global Key Players:

1. Lynas Corporation
2. Alkane Resources
3. Arafura Resources
4. China Minmetals Rare
5. Avalon Advanced Materials
6. Iluka Resource
7. Canada Rare Earth
8. Shin-Etsu Chemical Co. Ltd.
9. China Northern Rare Earth
10. Molycorp Inc
11. Rare Element Resources
12. Eutectix
13. Indian Rare Earths
14. Great Western Minerals
15. Frontier Rare Earths.
16. Greenland Minerals & Energy
17. Ucore Rare Metals Inc.
18. Medallion Resources Ltd

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Rare-Earth Metals Industry Outlook: Opportunities and Revenue Projections Rare-Earth Metals Market Overview The rare-earth metals market was estimated to be worth US$ 5.96 billion in 2023, and by 2030, it is projected to have grown to about US$ 13.52 billion, with a compound annual growth rate (CAGR) of 12.4% through 2024. For additional insights, kindly explore the following link: https://www.maximizemarketresearch.com/request-sample/122166/ Rare-Earth Metals Market Regional Insights Regional analysis is conducted to assess the status of the Rare-Earth Metals market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Rare-Earth Metals market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area. For a more in-depth understanding, please refer to the following link: https://www.maximizemarketresearch.com/request-sample/122166/ Rare-Earth Metals Market Segmentation : by Product Cerium Dysprosium Erbium Europium Gadolinium Holmium Lanthanum Lutetium Others Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium, Praseodymium, Promethium, Samarium, Scandium, Terbium, Thulium, Ytterbium, and Yttrium are the sub-segments of the Rare-Earth Metals Market. In 2023, the cerium segment had the biggest market share, accounting for 42.8%. In the automotive industry, cerium is utilized as a catalyst in catalytic converters in exhaust systems to lower emissions. Nickel-metal hydride (NiMH) batteries also include it. The rising demand for hybrid cars is anticipated to positively affect the demand for rare earth elements during the projected period. by Application Magnets Catalysts Metallurgy Polishing Glass Phosphors Ceramics Other Magnets, Catalysts, Metallurgy, Polishing, Glass, Phosphors, and Ceramics are the subsegments of the Rare-Earth Metals Market. In 2023, the magnet segment had the biggest share. Computer hard drives, linear actuators, servo motors, speakers, and sensors are just a few of the many devices that use them. The use of rare earth elements is anticipated to increase during the projected period due to growing demand for magnets in consumer electronics, turbines, and automobiles. Rare-Earth Metals Market Key Players : Major Global Key Players: 1. Lynas Corporation 2. Alkane Resources 3. Arafura Resources 4. China Minmetals Rare 5. Avalon Advanced Materials 6. Iluka Resource 7. Canada Rare Earth 8. Shin-Etsu Chemical Co. Ltd. 9. China Northern Rare Earth 10. Molycorp Inc 11. Rare Element Resources 12. Eutectix 13. Indian Rare Earths 14. Great Western Minerals 15. Frontier Rare Earths. 16. Greenland Minerals & Energy 17. Ucore Rare Metals Inc. 18. Medallion Resources Ltd Want to Preview the Full Report?: https://www.maximizemarketresearch.com/market-report/rare-earth-metals-market/122166/ Related Reports : Global Dibutyl Phthalate Market : https://www.maximizemarketresearch.com/market-report/global-dibutyl-phthalate-market/97800/ Global Gold Potassium Cyanide Market : https://www.maximizemarketresearch.com/market-report/global-gold-potassium-cyanide-market/107110/ About Maximize Market Research: Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies. Contact Maximize Market Research: 3rd Floor, Navale IT Park, Phase 2 Pune Banglore Highway, Narhe, Pune, Maharashtra 411041, India sales@maximizemarketresearch.com +91 96071 95908, +91 9607365656
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