Rare Earth Metals Market is Expected to Grow at 6.8% by 2031. The rare earth metals market is divided by types, applications and geographical locations. Rare earth metals by types is a group of seventeen metals that include fifteen lanthanides. These fifteen lanthanides are praseodymium, neodymium, promethium, dysprosium, gadolinium, thulium, ytterbium, lanthanum, cerium, samarium, europium, holmium, terbium, erbium and lutetium with same chemical characteristics and the remaining two metals known as yttrium and scandium totaling seventeen rare earth metals.

These earth metals are classified into heavy earth metals and light earth metals. Heavy earth metals includes yttrium, europium, holmium, thulium, ytterbium, gadolinium, terbium, dysprosium, erbium and lutetium while light earth metals includes praseodymium, promethium, samarium, lanthanum, cerium and neodymium. Cerium is the most extensively used rare metal found in earth crust. It is followed by lanthanum & neodymium. But scandium is the biggest revenue producing rare earth metal followed by dysprosium and neodymium. Praseodymium, lanthanum, yttrium, cerium and neodymium are the most extensively used in rapidly growing application sections like magnets and metallurgy.

The growing trends in automobile section, electric vehicle sector and consumer electronics industry is mainly stimulating the demand and growth of worldwide rare earth metals market across the globe. Among the various rare earth metals types, cerium oxide evolved as the highest contributor to the total market share of the rare earth metals market all across the globe .

Due to its various uses applications, cerium oxide contributed to about forty percent of market share to the total market share of the worldwide rare earth metals market in year 2013. It was succeeded by lanthanum oxide which contributed to about 23.8% of the market share to the total market share of the rare earth metals industry during the same span. The applications of lanthanum oxide are found extensively in business sectors (or industries) like automobile industry, green technology sector and other sectors like electronics industry as well as construction industry .

The applications of rare earth metals market includes computer memory, DVD's, Catalyst, Fluorescent Lighting, Metallurgy, Cell Phones, ceramics, Car Catalytic Converters, Phosphors, Rechargeable Batteries, Glass , Magnets and Polishing. Magnets are the biggest application section in terms of total income and production. Metallurgy is the rapidly growing application section that is predicted to display the strength in future. The worldwide rare earth metals market is predicted to record a steady growth in future.

The rare earth metals industry will acquire impetus due to its growing demand for rechargeable batteries primarily used in day today electronics items like fluorescent lighting, car catalytic converters, magnets, mobiles, computer memory, DVDs, car catalytic converters and other equipments. Governments of different countries across the world are emphasizing upon the utilization and consumption of rechargeable batteries to annihilate green house effects. This is positively affecting the sales volume of rare earth metals across the globe. Hence, rising demand for clean energy significantly fuels the demand from the global rare earth metals industry. 

Global rare earth metals market is divided into four geographical locations that includes region of Europe, APAC region, region of North America and Rest of the World. The rare earth metals reserves are available in enormous quantities in only few geographical regions. China holds the highest reserves of rare earth metals all across the globe and contributes about ninety five percent to the total market share of the global rare earth metals market. It is followed by Australia, Russia, USA, India and others. China is the biggest manufacturer and user of earth rare metals contributing about ninety five percent share to the total market share of the global rare earth metals market.

The worldwide rare earth metals market was evaluated at 3.90 billion US dollars in year 2012 and it is expected to reach 8.20 billion US dollars by the end of year 2018. It is expected that the global rare earth metals market is going to display a healthy CAGR growth rate of about 14% during the forecasted period of year 2012 to year 2020. The fluctuating costs of the rare earth metals and the high level of availability of these rare earth metals in few regions like China are the factors that can hinder the growth of the global rare earth metals market.

The market report includes detailed information about market trends, technological trends, market drivers, market inhibitors, company overview, product strategy, business strategy, competitive landscape, product portfolio, market behavior, consumer behavior, market opportunities, market size, market structure, competitive overview, market performance indicators, landscape, market volume, raw material information , regional trends, revenue generating market trends, product innovation , new product launches, product matrix, product benchmarking, market diversification, market demand, market classification , product differentiation, market penetration , niche market, market positioning, market supply, branding. customer awareness, product research, customer research, growth trends, advertising research, business overview, financial overview, market fluctuations, market uncertainties, new product development and new product innovation.

The market study report also includes comprehensive concepts and explanation on different kinds of analysis like competitive analysis, product analysis, raw materials analysis, portfolio analysis, opportunity analysis, SWOT analysis, porter fie force analysis, raw material analysis, demand analysis, supply chain analysis, risk analysis, risk assessment analysis, profit analysis, cost benefit analysis, pareto analysis , market share analysis and market attractiveness analysis

The market report also provides extensive information and explains in depth the market concepts ,information about the current as well as future market conditions and the changes taking place in the market . All this information is helpful for the new entrants , existing market participants, raw material suppliers and buyers in their strategic decision making process. It will help them grow & expand business and churn huge revenues from the business.

All these concepts are explained by using visual graphical data representation tools like tables, charts, spreadsheets, graphs and diagram

Key industry players profiled in the market research report includes firms like Alkane Resources Limited, Quest Rare Minerals Limited, Indian Rare Earths Limited, Great Western Minerals Group Limited, Rare Element Resources Limited, Inner Mongolia Baotou Steel Rare Earth Hi-Tech Corporation, Arafura Resources, Avalon Rare Metals Incorporation, China Rare Earth Holdings Limited, Lynas Corporation Limited, Greenland Minerals & Energy Limited, Molycorp, Chinalco Yunnan Copper Resources Limited and Frontier Rare Earths Limited. These are some of the reputed firms dominating the global rare earth metals industry.

Market Palyers

Lynas Rare Earths Ltd., Arafura Resources Ltd.,  Rare Element Resources Ltd., Iluka Resources Limited, Quest Rare Minerals Ltd., Greenland Minerals Ltd., China Northern Rare Earth (Group) High-Tech Co., Ltd., Frontier Rare Earths Limited, Otto Chemie Pvt. Ltd., China Rare Earth Holdings, Great Western Minerals Group, IREL Limited And Other Notable Players.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Rare Earth Metals market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Rare Earth Metals market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Rare Earth Metals market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Rare Earth Metals market?
• Which is the largest regional market for Rare Earth Metals market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Rare Earth Metals market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Rare Earth Metals market worldwide?