Rare Earth Metals Market : Growth, Size, and Forecast to 2027

Summary
Table Of Content

Market Insights

The global Rare Earth Metals Market is likely to attain a market value of USD 2.30 billion in 2027 from USD 1.20 billion in 2020. The CAGR for this market is likely to reach over 13.9% during the forecast period.

Rare earth metals are a group of elements with identical physical and chemical properties found in the earth’s crust. These elements, which come in both hard and light forms, can be extracted and processed in their ore forms. Compared to heavy metals like europium, thulium, terbium, holmium, gadolinium, dysprosium, erbium, praseodymium, lutetium, ytterbium, and samarium are light metals that are easily detected. Credence Research is offering holistic information and absolute accuracy on the report titled “Global Rare Earth Minerals Market.”

Key Market Drivers and Restraints

Factors that greatly impact the market growth of industrial electric vehicles will be covered here. Also, covers factors that may challenge or act as an opportunity for the market will be discussed to identify revenue generation.

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Mounting demand from end-use industries

Rare-earth metals are used in various industries due to their diverse properties. These applications include permanent magnets, catalysts, metal alloys, phosphors, polishing, and glass additives.

Over the next five to ten years, rare-earth permanent magnets are projected to be the fastest-growing market. Neodymium, praseodymium, dysprosium, terbium, and yttrium are the most common rare-earth elements used in permanent magnets. These metals have unique properties, such as remanence and high coercivity, which prevent permanent magnets from losing their magnetism even after a long period of time.

Asia-Pacific to lead the global market in geographic regions

On the geographic front, the global market comprises six regions with all key economies pertaining to it. Credence Research provides in-depth insight into prominent regions of the global market. Asia-Pacific topped the market by acquiring a 45.1% share in 2020.

Phosphorus leads Global Market in terms of Type.

Cerium, Lanthanum, Praseodymium, Neodymium, Yttrium, Samarium, Terbium, Gadolinium, Dysprosium, Europium and Others are the various types of this market. Cerium dominated the global market share as it act as a catalyst in catalytic converters for exhaust systems in the automotive industry to reduce emissions. It’s also used in NiMH batteries. Over the forecast era, the rising demand for hybrid vehicles is anticipated to greatly impact rare earth demand.

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Phosphors dominate the global market in 2020 in terms of Application

Permanent Magnets, Type Alloys, Glass Polishing, Glass Additives, Catalysts, Phosphors, Ceramics and Others are the various applications of this market. The Phosphors segment is expected to develop at the fastest CAGR during the forecast era. Phosphors are used in fluorescent lamps, cathode ray tube displays, and other applications where color is needed in the light emitted. The elements yttrium, terbium and europium, are critical in this industry.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Rare Earth Minerals Market

3.Market Dynamics
3.1.Introduction
3.1.1. Global Rare Earth Minerals Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition, 2020
3.3.1.Type
3.3.2.Application
3.3.3.Geography

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Rare Earth Minerals Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Rare Earth Minerals Market, by Country, 2015-2027 (US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Rare Earth Minerals Market, By Type, 2015-2027 (US$ Bn)
6.2.1.Overview
6.2.2.Cerium
6.2.3.Lanthanum
6.2.4.Neodymium
6.2.5.Yttrium
6.2.6.Praseodymium
6.2.7.Samarium
6.2.8.Gadolinium
6.2.9.Dysprosium
6.2.10.Terbium
6.2.11.Europium
6.2.12.Others
6.3.North America Rare Earth Minerals Market, by Application, 2015-2027 (US$ Bn)
6.3.1.Overview
6.3.2.Permanent Magnets
6.3.3.Type Alloys
6.3.4.Glass Polishing
6.3.5.Glass Additives
6.3.6.Catalysts
6.3.7.Phosphors
6.3.8.Ceramics
6.3.9.Others

7.Europe
7.1.Europe Rare Earth Minerals Market, by Country, 2015-2027 (US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Rare Earth Minerals Market, By Type, 2015-2027 (US$ Bn)
7.2.1.Overview
7.2.2.Cerium
7.2.3.Lanthanum
7.2.4.Neodymium
7.2.5.Yttrium
7.2.6.Praseodymium
7.2.7.Samarium
7.2.8.Gadolinium
7.2.9.Dysprosium
7.2.10.Terbium
7.2.11.Europium
7.2.12.Others
7.3.Europe Rare Earth Minerals Market, by Application, 2015-2027 (US$ Bn)
7.3.1.Overview
7.3.2.Permanent Magnets
7.3.3.Type Alloys
7.3.4.Glass Polishing
7.3.5.Glass Additives
7.3.6.Catalysts
7.3.7.Phosphors
7.3.8.Ceramics
7.3.9.Others

8.Asia Pacific
8.1.Asia Pacific Rare Earth Minerals Market, by Country, 2015-2027 (US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Rare Earth Minerals Market, By Type, 2015-2027 (US$ Bn)
8.2.1.Overview
8.2.2.Cerium
8.2.3.Lanthanum
8.2.4.Neodymium
8.2.5.Yttrium
8.2.6.Praseodymium
8.2.7.Samarium
8.2.8.Gadolinium
8.2.9.Dysprosium
8.2.10.Terbium
8.2.11.Europium
8.2.12.Others
8.3.Asia Pacific Rare Earth Minerals Market, by Application, 2015-2027 (US$ Bn)
8.3.1.Overview
8.3.2.Permanent Magnets
8.3.3.Type Alloys
8.3.4.Glass Polishing
8.3.5.Glass Additives
8.3.6.Catalysts
8.3.7.Phosphors
8.3.8.Ceramics
8.3.9.Others

9.Latin America
9.1.Latin America Rare Earth Minerals Market, by Country, 2015-2027 (US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Rare Earth Minerals Market, By Type, 2015-2027 (US$ Bn)
9.2.1.Overview
9.2.2.Cerium
9.2.3.Lanthanum
9.2.4.Neodymium
9.2.5.Yttrium
9.2.6.Praseodymium
9.2.7.Samarium
9.2.8.Gadolinium
9.2.9.Dysprosium
9.2.10.Terbium
9.2.11.Europium
9.2.12.Others
9.3.Latin America Rare Earth Minerals Market, by Application, 2015-2027 (US$ Bn)
9.3.1.Overview
9.3.2.Permanent Magnets
9.3.3.Type Alloys
9.3.4.Glass Polishing
9.3.5.Glass Additives
9.3.6.Catalysts
9.3.7.Phosphors
9.3.8.Ceramics
9.3.9.Others

10.Middle East
10.1.Middle East Rare Earth Minerals Market, by Country, 2015-2027 (US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Rare Earth Minerals Market, By Type, 2015-2027 (US$ Bn)
10.2.1.Overview
10.2.2.Cerium
10.2.3.Lanthanum
10.2.4.Neodymium
10.2.5.Yttrium
10.2.6.Praseodymium
10.2.7.Samarium
10.2.8.Gadolinium
10.2.9.Dysprosium
10.2.10.Terbium
10.2.11.Europium
10.2.12.Others
10.3.Middle East Rare Earth Minerals Market, by Application, 2015-2027 (US$ Bn)
10.3.1.Overview
10.3.2.Permanent Magnets
10.3.3.Interior
10.3.4.Glass Polishing
10.3.5.Glass Additives
10.3.6.Catalysts
10.3.7.Phosphors
10.3.8.Ceramics
10.3.9.Others

11.Africa
11.1.Africa Rare Earth Minerals Market, by Country, 2015-2027 (US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Rare Earth Minerals Market, By Type, 2015-2027 (US$ Bn)
11.2.1.Overview
11.2.2.Cerium
11.2.3.Lanthanum
11.2.4.Neodymium
11.2.5.Yttrium
11.2.6.Praseodymium
11.2.7.Samarium
11.2.8.Gadolinium
11.2.9.Dysprosium
11.2.10.Terbium
11.2.11.Europium
11.2.12.Others
11.3.Africa Rare Earth Minerals Market, by Application, 2015-2027 (US$ Bn)
11.3.1.Overview
11.3.2.Permanent Magnets
11.3.3.Type Alloys
11.3.4.Glass Polishing
11.3.5.Glass Additives
11.3.6.Catalysts
11.3.7.Phosphors
11.3.8.Ceramics
11.3.9.Others
12.Global
12.1.Global Rare Earth Minerals Market, By Type, 2015-2027 (US$ Bn)
12.1.1.Overview
12.1.2.Cerium
12.1.3.Lanthanum
12.1.4.Neodymium
12.1.5.Yttrium
12.1.6.Praseodymium
12.1.7.Samarium
12.1.8.Gadolinium
12.1.9.Dysprosium
12.1.10.Terbium
12.1.11.Europium
12.1.12.Others
12.2.Global Rare Earth Minerals Market, by Application, 2015-2027 (US$ Bn)
12.2.1.Overview
12.2.2.Permanent Magnets
12.2.3.Type Alloys
12.2.4.Glass Polishing
12.2.5.Glass Additives
12.2.6.Catalysts
12.2.7.Phosphors
12.2.8.Ceramics
12.2.9.Others
13.Company Profiles
13.1.Arafura
13.2.Alkane Resources
13.3.Avalon Rare Types
13.4.China Rare Earth Holdings
13.5.Indian Rare Earths
13.6.Lynas
13.7.Great Western Minerals
13.8.Greenland Minerals & Energy
13.9.Rare Element Resources
Molycorp

List of Figures

FIG. 1Global Rare Earth Minerals Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Rare Earth Minerals Market Segmentation
FIG. 4Global Rare Earth Minerals Market, by Product, 2019 (US$ Bn)
FIG. 5Global Rare Earth Minerals Market, by Applicationr, 2019 (US$ Bn)
FIG. 6Global Rare Earth Minerals Market, by Geography, 2019 (US$ Bn)
FIG. 7Attractive Investment Proposition, by Geography, 2019
FIG. 8Global Market Positioning of Key Rare Earth Minerals Market Manufacturers, 2019
FIG. 9Global Rare Earth Minerals Market Value Contribution, By Type, 2019 & 2027 (Value %)
FIG. 10Global Rare Earth Minerals Market, by Type 1, Value, 2015-2027 (US$ Bn)
FIG. 11Global Rare Earth Minerals Market, by Type 2, Value, 2015-2027 (US$ Bn)
FIG. 12Global Rare Earth Minerals Market, by Type 3, Value, 2015-2027 (US$ Bn)
FIG. 13Global Rare Earth Minerals Market, by Type 4, Value, 2015-2027 (US$ Bn)
FIG. 14Global Rare Earth Minerals Market, by Type 5, Value, 2015-2027 (US$ Bn)
FIG. 15Global Rare Earth Minerals Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 16Global Rare Earth Minerals Market Value Contribution, By Type, 2019 & 2027 (Value %)
FIG. 17Global Rare Earth Minerals Market, by Application 1, Value, 2015-2027 (US$ Bn)
FIG. 18Global Rare Earth Minerals Market, by Application 2, Value, 2015-2027 (US$ Bn)
FIG. 19Global Rare Earth Minerals Market, by Application 3, Value, 2015-2027 (US$ Bn)
FIG. 20U.S. Rare Earth Minerals Market, 2015-2027 (US$ Bn)
FIG. 21Rest of North America Rare Earth Minerals Market, 2015-2027 (US$ Bn)
FIG. 22U.K. Rare Earth Minerals Market, 2015-2027 (US$ Bn)
FIG. 23Germany Rare Earth Minerals Market, 2015-2027 (US$ Bn)
FIG. 24France Rare Earth Minerals Market, 2015-2027 (US$ Bn)
FIG. 25Rest of Europe Rare Earth Minerals Market, 2015-2027 (US$ Bn)
FIG. 26Japan Rare Earth Minerals Market, 2015-2027 (US$ Bn)
FIG. 27China Rare Earth Minerals Market, 2015-2027 (US$ Bn)
FIG. 28India Rare Earth Minerals Market, 2015-2027 (US$ Bn)
FIG. 29Rest of Asia Pacific Rare Earth Minerals Market, 2015-2027 (US$ Bn)
FIG. 30Middle East & Africa Rare Earth Minerals Market, 2015-2027 (US$ Bn)
Latin America Rare Earth Minerals Market, 2015-2027 (US$ Bn)

List of Tables

Market Snapshot: Global Rare Earth Minerals Market

Global Rare Earth Minerals Market, by Type, 2015-2027 (US$ Bn)

Global Rare Earth Minerals Market, by Application, 2015-2027 (US$ Bn)

Global Rare Earth Minerals Market, by Geography, 2015-2027 (US$ Bn)

North America Rare Earth Minerals Market, by Type, 2015-2027 (US$ Bn)

North America Rare Earth Minerals Market, by Country, 2015-2027 (US$ Bn)

Europe Rare Earth Minerals Market, by Type, 2015-2027 (US$ Bn)

Europe Rare Earth Minerals Market, by Country/Region, 2015-2027 (US$ Bn)

Asia Pacific Rare Earth Minerals Market, by Type, 2015-2027 (US$ Bn)

Asia Pacific Rare Earth Minerals Market, by Country/Region, 2015-2027 (US$ Bn)

Latin America Rare Earth Minerals Market, by Type, 2015-2027 (US$ Bn)

Latin America Rare Earth Minerals Market, by Country/Region, 2015-2027 (US$ Bn)

Middle East Rare Earth Minerals Market, by Type, 2015-2027 (US$ Bn)

Middle East Rare Earth Minerals Market, by Country/Region, 2015-2027 (US$ Bn)

Africa Rare Earth Minerals Market, by Type, 2015-2027 (US$ Bn)

Africa Rare Earth Minerals Market, by Country/Region, 2015-2027 (US$ Bn)

Company 01: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

Company 2: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

Company 3: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

Company 4.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

Company 5: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

Company 6: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Company 7: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Company 8: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Company 9: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Company 10: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Company 11: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Company 12: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Company 13: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Frequently Asked Questions

Which are the different Types of Rare Earth Minerals?

Cerium, Lanthanum, Neodymium, Yttrium, Praseodymium, Samarium, Gadolinium, Dysprosium, Terbium, and others are the two Types available on the market

Name few prominent players in the global industry.

China Rare Earth Holdings, Arafura, Great Western Minerals, Avalon Rare Types, Molycorp, Indian Rare Earths, Alkane Resources, Lynas, and Rare Element Resources are the key players leading this market

Which is the fastest growing Application segment for the global industry?

Phosphors has the fastest growth at Application

Which is the leading regional market for the global industry?

Asia-Pacific has the largest share of the market

What will be the global industry’s CAGR (2021 – 2027)?

The CAGR for this market is likely to reach over 13.9% during the forecast period

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