Recovered Rare Earth Element Chemicals Market size was valued at USD 392.92 million in 2018 to USD 619.10 million in 2024 and is anticipated to reach USD 1,125.59 million by 2032, at a CAGR of 7.23% during the forecast period.
REPORT ATTRIBUTE
DETAILS
Historical Period
2020-2023
Base Year
2024
Forecast Period
2025-2032
Recovered Rare Earth Element Chemicals Market Size 2024
USD 619.10 Million
Recovered Rare Earth Element Chemicals Market, CAGR
7.23%
Recovered Rare Earth Element Chemicals Market Size 2032
USD 1,125.59 Million
The Recovered Rare Earth Element Chemicals Market is highly competitive, with top players including Lynas Rare Earths Ltd., China Northern Rare Earth Group High-Tech Co. Ltd., MP Materials Corp., Neo Performance Materials Inc., Umicore, Solvay SA, Urban Mining Company, Geomega Resources Inc., Rare Earth Salts, Less Common Metals Ltd., and Ucore Rare Metals Inc. These companies focus on advanced recovery technologies, sustainable recycling, and strategic partnerships to strengthen supply security and expand global presence. Regionally, Asia Pacific leads the market with a 46% share in 2024, driven by large-scale recycling infrastructure, strong electronics and automotive demand, and government-backed sustainability initiatives. This dominance positions Asia Pacific as the central hub for both supply and consumption of recovered rare earth element chemicals.
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The Recovered Rare Earth Element Chemicals Market grew from USD 392.92 million in 2018 to USD 619.10 million in 2024, projected to reach USD 1,125.59 million by 2032.
Light Rare Earth Elements (LREEs) dominate with 62% share in 2024, led by neodymium, crucial for permanent magnets in electric vehicles and wind turbines.
End-of-life electronics recycling leads by source with 35% share, followed by magnets at 28%, highlighting the importance of e-waste and renewable energy applications.
Permanent magnets drive applications with 40% share, supported by batteries and energy storage at 20%, showing strong demand from EVs, renewables, and electronics industries.
Asia Pacific leads regionally with 46% share in 2024, driven by China’s large-scale recycling infrastructure, EV growth, and strong government-backed sustainability initiatives.
Market Segment Insights
By Element / Chemical Type
The Recovered Rare Earth Element Chemicals Market by element is dominated by Light Rare Earth Elements (LREEs), holding nearly 62% share in 2024. Among these, Neodymium (Nd) accounts for the largest portion, supported by its critical role in high-performance permanent magnets used in electric vehicles and wind turbines. Cerium and lanthanum follow closely, finding demand in catalysts, glass polishing, and battery alloys. Heavy Rare Earth Elements (HREEs) collectively represent 38% share, with dysprosium and terbium driving growth due to their use in magnet durability and high-temperature resistance.
For instance, in March 2024, Lynas Rare Earths reported supplying cerium and lanthanum products for automotive catalytic converters and glass polishing applications, emphasizing their downstream demand.
By Source of Recovery
Recovery from end-of-life electronics (e-waste) leads the market, accounting for around 35% share in 2024, due to high recycling initiatives and the large volume of obsolete devices. Magnets (NdFeB, SmCo) follow with nearly 28% share, driven by their widespread application in EVs, renewable power systems, and consumer electronics. Batteries and fuel cells contribute 15% share, supported by growing adoption of energy storage technologies. Fluorescent lamps and LEDs add 10% share, mainly from phosphor recovery, while catalysts and automotive parts hold 7% share, linked to demand in catalytic converters. Industrial waste and by-products such as red mud and coal fly ash make up 5% share, offering emerging opportunities through large-scale waste valorization.
For instance, Umicore expanded its battery recycling plant in Hoboken, Belgium, boosting its annual capacity to 150,000 tons of lithium-ion batteries and production scrap, thereby supporting the recovery of cobalt, nickel, and lithium for reuse in energy storage technologies.
By Application
Permanent magnets dominate the application segment, holding nearly 40% share in 2024, as they are indispensable in wind turbines, EV motors, and advanced electronics. Batteries and energy storage follow with 20% share, supported by rising demand for rechargeable technologies in mobility and grid storage. Catalysts hold around 15% share, with petrochemical refining and automotive applications sustaining recovery efforts. Glass and ceramics account for 8% share, driven by cerium and lanthanum use in polishing powders and additives. Phosphors contribute 7% share, primarily from lighting and display technologies. Metallurgy and alloys represent 5% share, while defense and aerospace applications make up 5% share, fueled by rare earth use in high-performance alloys and strategic defense programs.
Key Growth Drivers
Rising Demand for Clean Energy and EVs
The shift toward renewable energy and electrification strongly drives demand for recovered rare earth element chemicals. Neodymium, praseodymium, and dysprosium are critical for permanent magnets used in EV motors and wind turbines. Governments promote clean energy adoption through subsidies, emission reduction targets, and green policies, further boosting recycling efforts. As EV penetration accelerates and wind energy expands globally, the need for sustainable rare earth recovery grows, reducing reliance on primary mining and securing supply chains for clean energy industries.
For instance, Solvay launched its rare earths recycling plant in La Rochelle, France, designed to recover materials such as neodymium and praseodymium from permanent magnets, aiming to reinforce circular supply for European wind and EV industries.
Regulatory Push for Circular Economy
Strict environmental regulations and circular economy initiatives encourage rare earth recovery from waste streams. Countries in Europe, North America, and Asia Pacific have introduced e-waste recycling targets, extended producer responsibility (EPR) policies, and funding programs to improve rare earth recovery efficiency. These frameworks ensure reduced landfill dependency and improved resource sustainability. With manufacturers focusing on compliance and governments providing incentives, recovery technologies are gaining momentum. This policy-driven push strengthens adoption across industries and ensures steady growth for recovered rare earth element chemicals.
For instance, The University of Birmingham’s spin-out company, HyProMag, which is commercializing the patented Hydrogen Processing of Magnet Scrap (HPMS) technology, is involved in rare earth magnet recycling projects for e-mobility that have received Innovate UK funding.
Technological Advancements in Recycling
Innovations in hydrometallurgical, bioleaching, and solvent extraction methods are enhancing recovery yields and lowering costs. Advanced recycling technologies improve separation of critical elements such as neodymium, dysprosium, and europium from magnets, e-waste, and fluorescent lamps. Pilot projects by companies and research institutes demonstrate scalability, making recovery economically viable. Integration of artificial intelligence and process automation further boosts efficiency and reduces environmental impact. These advancements improve competitiveness with primary mining operations, positioning recovered rare earth element chemicals as a reliable and sustainable supply alternative.
Key Trends & Opportunities
Growing Role of Urban Mining
Urban mining emerges as a vital opportunity, leveraging end-of-life electronics, magnets, and batteries as high-value secondary resources. With global e-waste expected to exceed 75 million metric tons by 2030, the untapped potential for rare earth recovery is significant. Companies are investing in large-scale recycling plants to meet this demand, supported by partnerships with electronics and automotive manufacturers. Urban mining not only secures a stable raw material supply but also reduces environmental damage caused by traditional mining, creating a sustainable growth avenue.
For instance, Redwood Materials partnered with Panasonic Energy to supply cathode active materials for U.S. battery cell production, with a target to recycle and remanufacture enough materials for 100 GWh of batteries by 2025.
Expansion into Strategic Applications
The use of recovered rare earth chemicals in defense, aerospace, and healthcare creates lucrative opportunities. High-performance magnets, stealth technologies, advanced medical imaging, and specialized alloys rely heavily on elements like neodymium, terbium, and gadolinium. Strategic industries seek secure and sustainable sources to mitigate geopolitical supply risks tied to primary mining. This expanding demand across critical sectors is encouraging governments and companies to prioritize recovered materials. Consequently, niche applications are expected to offer higher margins and long-term stability in the recovered rare earth market.
For instance, HyProMag, backed by Mkango Resources, has achieved the first commercial-scale production of recycled neodymium-iron-boron (NdFeB) alloy powder in the UK from its facility at Tyseley Energy Park in Birmingham, targeting defense and automotive applications.
Key Challenges
High Recovery Costs and Process Complexity
Despite technological progress, recovery processes remain costly and technically complex. Separation of rare earths requires multi-stage chemical treatments, which involve high energy consumption and specialized equipment. The economics of recovery are challenged by volatile rare earth prices, making recycling less attractive during periods of low demand. Smaller companies struggle to achieve cost competitiveness against established miners. Without significant scale or government support, recovery operations may face profitability issues, slowing widespread adoption in the market.
Supply Chain and Infrastructure Limitations
The market faces infrastructure bottlenecks in collection, sorting, and processing of e-waste, magnets, and industrial residues. Many regions lack established recycling networks or face logistical barriers in transporting hazardous materials. Informal recycling practices in developing economies result in low recovery efficiency and environmental hazards. Weak coordination among stakeholders, from manufacturers to recyclers, hampers material flow. Building a robust and efficient supply chain for rare earth recovery requires substantial investments, coordinated policies, and international cooperation, which remain underdeveloped in several regions.
Environmental and Regulatory Challenges
While recovery supports sustainability, recycling processes themselves raise environmental concerns. Use of acids, solvents, and high-temperature processes generates secondary waste and emissions that require careful management. Stringent environmental standards increase operational costs and regulatory compliance burdens for recyclers. Inconsistencies in policies across countries also create challenges for global operators. Companies must balance the push for circular economy solutions with the need to minimize environmental footprint. These regulatory and ecological hurdles add complexity to scaling recovery operations effectively and responsibly.
Regional Analysis
North America
North America holds a 19% share in 2024, valued at USD 112.49 million, and is projected to reach USD 205.87 million by 2032 at a CAGR of 7.3%. The U.S. drives growth with strong demand for neodymium and dysprosium in electric vehicles, wind turbines, and defense technologies. Favorable government initiatives for e-waste recycling and strategic independence from Chinese supply chains strengthen the regional market. Canada and Mexico contribute through growing electronics recycling and renewable energy adoption. The region’s advanced infrastructure and high-tech industries sustain its position as a key consumer of recovered rare earth element chemicals.
Europe
Europe accounts for 29% share in 2024, valued at USD 174.04 million, and is expected to reach USD 298.41 million by 2032 at a CAGR of 6.4%. The region’s leadership stems from strong regulatory frameworks promoting circular economy models and recycling initiatives. Germany, France, and the UK are major contributors, supported by automotive electrification, renewable power, and e-waste management policies. The EU’s emphasis on supply chain resilience and critical raw material security further accelerates adoption. The region also benefits from advanced recycling technologies and collaborative projects aimed at reducing reliance on imported rare earths from Asia.
Asia Pacific
Asia Pacific dominates the global market with a 46% share in 2024, valued at USD 280.68 million, and is forecast to reach USD 541.42 million by 2032 at a CAGR of 8.0%. China leads the region, supported by large-scale recycling infrastructure and significant end-use demand in electronics, EVs, and renewable power. Japan, South Korea, and India also play vital roles with strong technology industries and government-backed sustainability programs. The region’s rapid industrialization, urban mining initiatives, and massive e-waste generation provide long-term growth potential. Asia Pacific remains the central hub for both demand and supply of recovered rare earth chemicals.
Latin America
Latin America represents a 4% share in 2024, valued at USD 27.02 million, and is projected to reach USD 43.10 million by 2032 at a CAGR of 5.5%. Brazil leads with expanding demand in automotive and renewable energy applications, particularly wind energy projects. Argentina and other countries contribute through industrial recovery and e-waste recycling initiatives. Limited but growing infrastructure for electronics recycling offers future opportunities. Partnerships with global players are enhancing technological adoption and efficiency in rare earth recovery. Though small in size, the region shows steady growth prospects with increasing focus on sustainable resource utilization.
Middle East
The Middle East holds a 2% share in 2024, valued at USD 14.75 million, and is expected to reach USD 22.32 million by 2032 at a CAGR of 4.8%. The GCC countries lead, driven by diversification strategies and renewable power investments, particularly in solar and wind. Industrial waste recovery initiatives from oil, gas, and petrochemicals further contribute to growth. Israel and Turkey add demand through advanced electronics and defense industries. Despite limited recycling infrastructure compared to developed markets, ongoing sustainability programs and strategic partnerships are creating opportunities for recovered rare earth element chemicals in the region.
Africa
Africa accounts for a 2% share in 2024, valued at USD 10.12 million, and is projected to reach USD 14.48 million by 2032 at a CAGR of 4.0%. South Africa leads the region with industrial recycling initiatives and growing demand in mining and energy sectors. Egypt contributes with rising electronics consumption and infrastructure development. However, limited recycling capacity and informal e-waste practices constrain large-scale adoption. International collaborations and investments in recycling technologies are gradually improving capabilities. The region offers long-term potential as sustainability goals expand, though it currently remains one of the smaller markets globally.
Permanent magnets (wind turbines, EV motors, electronics)
Batteries & energy storage
Catalysts (petrochemical, automotive)
Glass & ceramics (polishing, additives)
Phosphors (lighting, displays)
Metallurgy & alloys
Defense & aerospace applications
By End-user Industry
Electronics & semiconductors
Automotive (including EVs)
Energy & renewable power (wind, solar, storage)
Chemicals & catalysts
Aerospace & defense
Healthcare & medical devices
By Region
North America(U.S., Canada, Mexico)
Europe(UK, France, Germany, Italy, Spain, Russia, Rest of Europe)
Asia Pacific(China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific)
Latin America(Brazil, Argentina, Rest of Latin America)
Middle East(GCC Countries, Israel, Turkey, Rest of Middle East)
Africa(South Africa, Egypt, Rest of Africa)
Competitive Landscape
The competitive landscape of the Recovered Rare Earth Element Chemicals Market is shaped by a mix of established mining companies, recycling specialists, and technology-driven innovators. Key players such as Lynas Rare Earths, China Northern Rare Earth Group, MP Materials, and Neo Performance Materials dominate with integrated operations, strong supply networks, and investments in advanced recovery technologies. Companies like Umicore, Solvay, and Urban Mining Company strengthen competitiveness through sustainable recycling solutions and partnerships with electronics and automotive manufacturers. Emerging players including Geomega Resources and Rare Earth Salts focus on niche recovery techniques and regional expansions to capture specialized demand. Competition is increasingly driven by innovation in hydrometallurgical and bioleaching processes, enabling higher efficiency and lower environmental impact. Strategic alliances, government-backed projects, and circular economy initiatives further intensify rivalry. With rising demand from EVs, renewable power, and defense industries, companies are prioritizing technological leadership and supply security to secure market share in a highly dynamic environment.
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In July 2025, ReElement Technologies introduced an urban-mining–to-magnet tolling service that recycles rare-earth magnets into high-purity oxides such as Nd, NdPr, Dy, and Tb. The process achieves 99.5 %+ purity with over 90 % recovery at a cost of $25–$35 per kg.
In May 2025, Ucore Rare Metals Inc. held a groundbreaking ceremony for its Louisiana Strategic Metals Complex (SMC), the company’s first commercial rare-earth refining facility. The site will employ the RapidSX™ process and is supported by an $18.4 million U.S. DoD grant.
In July 2025, BatX Energies (India) and Germany’s Rocklink GmbH announced a strategic partnership. They will build India’s first integrated rare-earth magnet recycling and refining hub, under the EU-India Tech Council initiative.
Report Coverage
The research report offers an in-depth analysis based on Element / Chemical Type, Source of Recovery, Applicqtion, End User Industry and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.
Future Outlook
Demand for recovered rare earths will rise with expanding EV and renewable power adoption.
Recycling of magnets and e-waste will remain the largest source of material recovery.
Advanced recovery technologies will improve efficiency and reduce environmental impact.
Governments will strengthen policies supporting circular economy and rare earth recycling.
Asia Pacific will maintain dominance, driven by large-scale recovery and end-use industries.
Europe and North America will expand capacity to reduce reliance on imported resources.
Strategic applications in defense, aerospace, and healthcare will boost premium demand.
Urban mining initiatives will accelerate, creating new investment opportunities in recycling plants.
Collaborations between technology developers and manufacturers will enhance supply chain security.
Rising environmental concerns will encourage adoption of sustainable recovery methods worldwide.
CHAPTER NO. 1: GENESIS OF THE MARKET
1.1 Market Prelude – Introduction & Scope
1.2 The Big Picture – Objectives & Vision
1.3 Strategic Edge – Unique Value Proposition
1.4 Stakeholder Compass – Key Beneficiaries CHAPTER NO. 2: EXECUTIVE LENS
2.1 Pulse of the Industry – Market Snapshot
2.2 Growth Arc – Revenue Projections (USD Million)
2.3. Premium Insights – Based on Primary Interviews CHAPTER NO. 3: RECOVERED RARE EARTH ELEMENT CHEMICALS MARKET FORCES & INDUSTRY PULSE
3.1 Foundations of Change – Market Overview
3.2 Catalysts of Expansion – Key Market Drivers
3.2.1 Momentum Boosters – Growth Triggers
3.2.2 Innovation Fuel – Disruptive Technologies
3.3 Headwinds & Crosswinds – Market Restraints
3.3.1 Regulatory Tides – Compliance Challenges
3.3.2 Economic Frictions – Inflationary Pressures
3.4 Untapped Horizons – Growth Potential & Opportunities
3.5 Strategic Navigation – Industry Frameworks
3.5.1 Market Equilibrium – Porter’s Five Forces
3.5.2 Ecosystem Dynamics – Value Chain Analysis
3.5.3 Macro Forces – PESTEL Breakdown
3.6 Price Trend Analysis
3.6.1 Regional Price Trend
3.6.2 Price Trend by Product CHAPTER NO. 4: KEY INVESTMENT EPICENTER
4.1 Regional Goldmines – High-Growth Geographies
4.2 Product Frontiers – Lucrative Product Categories
4.3 Application Sweet Spots – Emerging Demand Segments CHAPTER NO. 5: REVENUE TRAJECTORY & WEALTH MAPPING
5.1 Momentum Metrics – Forecast & Growth Curves
5.2 Regional Revenue Footprint – Market Share Insights
5.3 Segmental Wealth Flow – Element / Chemical Type & Source of Recovery Revenue CHAPTER NO. 6: TRADE & COMMERCE ANALYSIS
6.1. Import Analysis by Region
6.1.1. Global Recovered Rare Earth Element Chemicals Market Import Revenue By Region
6.2. Export Analysis by Region
6.2.1. Global Recovered Rare Earth Element Chemicals Market Export Revenue By Region CHAPTER NO. 7: COMPETITION ANALYSIS
7.1. Company Market Share Analysis
7.1.1. Global Recovered Rare Earth Element Chemicals Market: Company Market Share
7.2. Global Recovered Rare Earth Element Chemicals Market Company Revenue Market Share
7.3. Strategic Developments
7.3.1. Acquisitions & Mergers
7.3.2. New Product Launch
7.3.3. Regional Expansion
7.4. Competitive Dashboard
7.5. Company Assessment Metrics, 2024 CHAPTER NO. 8: RECOVERED RARE EARTH ELEMENT CHEMICALS MARKET – BY ELEMENT / CHEMICAL TYPE SEGMENT ANALYSIS
8.1. Recovered Rare Earth Element Chemicals Market Overview by Element / Chemical Type Segment
8.1.1. Recovered Rare Earth Element Chemicals Market Revenue Share By Element / Chemical Type
8.2. Light Rare Earth Elements (LREEs)
8.2.1. Cerium (Ce)
8.2.2. Lanthanum (La)
8.2.3. Neodymium (Nd)
8.2.4. Praseodymium (Pr)
8.2.5. Samarium (Sm)
8.3. Heavy Rare Earth Elements (HREEs)
8.3.1. Dysprosium (Dy)
8.3.2. Terbium (Tb)
8.3.3. Yttrium (Y)
8.3.4. Europium (Eu)
8.3.5. Gadolinium (Gd)
8.3.6. Others (Ho, Er, Tm, Yb, Lu) CHAPTER NO. 9: RECOVERED RARE EARTH ELEMENT CHEMICALS MARKET – BY SOURCE OF RECOVERY SEGMENT ANALYSIS
9.1. Recovered Rare Earth Element Chemicals Market Overview by Source of Recovery Segment
9.1.1. Recovered Rare Earth Element Chemicals Market Revenue Share By Source of Recovery
9.2. End-of-life electronics (E-waste)
9.3. Magnets (NdFeB, SmCo)
9.4. Batteries & fuel cells
9.5. Fluorescent lamps & LEDs
9.6. Catalysts & automotive parts
9.7. Industrial waste/by-products (red mud, coal fly ash, slag) CHAPTER NO. 10: RECOVERED RARE EARTH ELEMENT CHEMICALS MARKET – BY APPLICATION SEGMENT ANALYSIS
10.1. Recovered Rare Earth Element Chemicals Market Overview by Application Segment
10.1.1. Recovered Rare Earth Element Chemicals Market Revenue Share By Application
10.2. Permanent magnets (wind turbines, EV motors, electronics)
10.3. Batteries & energy storage
10.4. Catalysts (petrochemical, automotive)
10.5. Glass & ceramics (polishing, additives)
10.6. Phosphors (lighting, displays)
10.7. Metallurgy & alloys
10.8. Defense & aerospace applications CHAPTER NO. 11: RECOVERED RARE EARTH ELEMENT CHEMICALS MARKET – BY END-USER INDUSTRY SEGMENT ANALYSIS
11.1. Recovered Rare Earth Element Chemicals Market Overview by End-user Industry Segment
11.1.1. Recovered Rare Earth Element Chemicals Market Revenue Share By End-user Industry
11.2. Electronics & semiconductors
11.3. Automotive (including EVs)
11.4. Energy & renewable power (wind, solar, storage)
11.5. Chemicals & catalysts
11.6. Aerospace & defense
11.7. Healthcare & medical devices CHAPTER NO. 12: RECOVERED RARE EARTH ELEMENT CHEMICALS MARKET – REGIONAL ANALYSIS
12.1. Recovered Rare Earth Element Chemicals Market Overview by Region Segment
12.1.1. Global Recovered Rare Earth Element Chemicals Market Revenue Share By Region
12.1.2. Region
12.1.3. Global Recovered Rare Earth Element Chemicals Market Revenue By Region
12.1.4. Element / Chemical Type
12.1.5. Global Recovered Rare Earth Element Chemicals Market Revenue By Element / Chemical Type
12.1.6. Source of Recovery
12.1.7. Global Recovered Rare Earth Element Chemicals Market Revenue By Source of Recovery
12.1.8. Application
12.1.9. Global Recovered Rare Earth Element Chemicals Market Revenue By Application
12.1.10. End-user Industry
12.1.11. Global Recovered Rare Earth Element Chemicals Market Revenue By End-user Industry CHAPTER NO. 13: NORTH AMERICA RECOVERED RARE EARTH ELEMENT CHEMICALS MARKET – COUNTRY ANALYSIS
13.1. North America Recovered Rare Earth Element Chemicals Market Overview by Country Segment
13.1.1. North America Recovered Rare Earth Element Chemicals Market Revenue Share By Region
13.2. North America
13.2.1. North America Recovered Rare Earth Element Chemicals Market Revenue By Country
13.2.2. Element / Chemical Type
13.2.3. North America Recovered Rare Earth Element Chemicals Market Revenue By Element / Chemical Type
13.2.4. Source of Recovery
13.2.5. North America Recovered Rare Earth Element Chemicals Market Revenue By Source of Recovery
13.2.6. Application
13.2.7. North America Recovered Rare Earth Element Chemicals Market Revenue By Application
13.2.8. End-user Industry
13.2.9. North America Recovered Rare Earth Element Chemicals Market Revenue By End-user Industry
13.3. U.S.
13.4. Canada
13.5. Mexico CHAPTER NO. 14: EUROPE RECOVERED RARE EARTH ELEMENT CHEMICALS MARKET – COUNTRY ANALYSIS
14.1. Europe Recovered Rare Earth Element Chemicals Market Overview by Country Segment
14.1.1. Europe Recovered Rare Earth Element Chemicals Market Revenue Share By Region
14.2. Europe
14.2.1. Europe Recovered Rare Earth Element Chemicals Market Revenue By Country
14.2.2. Element / Chemical Type
14.2.3. Europe Recovered Rare Earth Element Chemicals Market Revenue By Element / Chemical Type
14.2.4. Source of Recovery
14.2.5. Europe Recovered Rare Earth Element Chemicals Market Revenue By Source of Recovery
14.2.6. Application
14.2.7. Europe Recovered Rare Earth Element Chemicals Market Revenue By Application
14.2.8. End-user Industry
14.2.9. Europe Recovered Rare Earth Element Chemicals Market Revenue By End-user Industry
14.3. UK
14.4. France
14.5. Germany
14.6. Italy
14.7. Spain
14.8. Russia
14.9. Rest of Europe CHAPTER NO. 15: ASIA PACIFIC RECOVERED RARE EARTH ELEMENT CHEMICALS MARKET – COUNTRY ANALYSIS
15.1. Asia Pacific Recovered Rare Earth Element Chemicals Market Overview by Country Segment
15.1.1. Asia Pacific Recovered Rare Earth Element Chemicals Market Revenue Share By Region
15.2. Asia Pacific
15.2.1. Asia Pacific Recovered Rare Earth Element Chemicals Market Revenue By Country
15.2.2. Element / Chemical Type
15.2.3. Asia Pacific Recovered Rare Earth Element Chemicals Market Revenue By Element / Chemical Type
15.2.4. Source of Recovery
15.2.5. Asia Pacific Recovered Rare Earth Element Chemicals Market Revenue By Source of Recovery
15.2.6. Application
15.2.7. Asia Pacific Recovered Rare Earth Element Chemicals Market Revenue By Application
15.2.8. End-user Industry
15.2.9. Asia Pacific Recovered Rare Earth Element Chemicals Market Revenue By End-user Industry
15.3. China
15.4. Japan
15.5. South Korea
15.6. India
15.7. Australia
15.8. Southeast Asia
15.9. Rest of Asia Pacific CHAPTER NO. 16: LATIN AMERICA RECOVERED RARE EARTH ELEMENT CHEMICALS MARKET – COUNTRY ANALYSIS
16.1. Latin America Recovered Rare Earth Element Chemicals Market Overview by Country Segment
16.1.1. Latin America Recovered Rare Earth Element Chemicals Market Revenue Share By Region
16.2. Latin America
16.2.1. Latin America Recovered Rare Earth Element Chemicals Market Revenue By Country
16.2.2. Element / Chemical Type
16.2.3. Latin America Recovered Rare Earth Element Chemicals Market Revenue By Element / Chemical Type
16.2.4. Source of Recovery
16.2.5. Latin America Recovered Rare Earth Element Chemicals Market Revenue By Source of Recovery
16.2.6. Application
16.2.7. Latin America Recovered Rare Earth Element Chemicals Market Revenue By Application
16.2.8. End-user Industry
16.2.9. Latin America Recovered Rare Earth Element Chemicals Market Revenue By End-user Industry
16.3. Brazil
16.4. Argentina
16.5. Rest of Latin America CHAPTER NO. 17: MIDDLE EAST RECOVERED RARE EARTH ELEMENT CHEMICALS MARKET – COUNTRY ANALYSIS
17.1. Middle East Recovered Rare Earth Element Chemicals Market Overview by Country Segment
17.1.1. Middle East Recovered Rare Earth Element Chemicals Market Revenue Share By Region
17.2. Middle East
17.2.1. Middle East Recovered Rare Earth Element Chemicals Market Revenue By Country
17.2.2. Element / Chemical Type
17.2.3. Middle East Recovered Rare Earth Element Chemicals Market Revenue By Element / Chemical Type
17.2.4. Source of Recovery
17.2.5. Middle East Recovered Rare Earth Element Chemicals Market Revenue By Source of Recovery
17.2.6. Application
17.2.7. Middle East Recovered Rare Earth Element Chemicals Market Revenue By Application
17.2.8. End-user Industry
17.2.9. Middle East Recovered Rare Earth Element Chemicals Market Revenue By End-user Industry
17.3. GCC Countries
17.4. Israel
17.5. Turkey
17.6. Rest of Middle East CHAPTER NO. 18: AFRICA RECOVERED RARE EARTH ELEMENT CHEMICALS MARKET – COUNTRY ANALYSIS
18.1. Africa Recovered Rare Earth Element Chemicals Market Overview by Country Segment
18.1.1. Africa Recovered Rare Earth Element Chemicals Market Revenue Share By Region
18.2. Africa
18.2.1. Africa Recovered Rare Earth Element Chemicals Market Revenue By Country
18.2.2. Element / Chemical Type
18.2.3. Africa Recovered Rare Earth Element Chemicals Market Revenue By Element / Chemical Type
18.2.4. Source of Recovery
18.2.5. Africa Recovered Rare Earth Element Chemicals Market Revenue By Source of Recovery
18.2.6. Application
18.2.7. Africa Recovered Rare Earth Element Chemicals Market Revenue By Application
18.2.8. End-user Industry
18.2.9. Africa Recovered Rare Earth Element Chemicals Market Revenue By End-user Industry
18.3. South Africa
18.4. Egypt
18.5. Rest of Africa CHAPTER NO. 19: COMPANY PROFILES
19.1. Lynas Rare Earths Ltd.
19.1.1. Company Overview
19.1.2. Product Portfolio
19.1.3. Financial Overview
19.1.4. Recent Developments
19.1.5. Growth Strategy
19.1.6. SWOT Analysis
19.2. China Northern Rare Earth Group High-Tech Co. Ltd.
19.3. MP Materials Corp.
19.4. Iluka Resources Limited
19.5. Arafura Rare Earths Ltd.
19.6. Umicore
19.7. Solvay SA
19.8. Urban Mining Company
19.9. Neo Performance Materials Inc.
19.10. Geomega Resources Inc.
19.11. Rare Earth Salts Separations & Refining
19.12. Less Common Metals Ltd.
19.13. Ucore Rare Metals Inc.
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Frequently Asked Questions:
What is the current market size for Recovered Rare Earth Element Chemicals Market, and what is its projected size in 2032?
The Recovered Rare Earth Element Chemicals Market size is USD 619.10 million in 2024 and projected to reach USD 1,125.59 million by 2032.
At what Compound Annual Growth Rate is the Recovered Rare Earth Element Chemicals Market projected to grow between 2025 and 2032?
The Recovered Rare Earth Element Chemicals Market is projected to grow at a steady compound annual growth rate (CAGR) of 7.23% during the forecast period 2025–2032.
Which Recovered Rare Earth Element Chemicals Market segment held the largest share in 2024?
The Light Rare Earth Elements (LREEs) segment held the largest share in 2024, led by Neodymium, accounting for approximately 62% of the overall market share.
What are the primary factors fueling the growth of the Recovered Rare Earth Element Chemicals Market?
Key growth factors include rising demand for EVs, renewable energy adoption, government circular economy policies, and technological advancements in efficient, sustainable rare earth element recovery.
Who are the leading companies in the Recovered Rare Earth Element Chemicals Market?
Leading companies include Lynas Rare Earths, China Northern Rare Earth Group, MP Materials, Neo Performance Materials, Umicore, Solvay, Urban Mining Company, Geomega Resources, and others.
Which region commanded the largest share of the Recovered Rare Earth Element Chemicals Market in 2024?
Asia Pacific commanded the largest share in 2024 with about 46%, driven by China’s large-scale recycling infrastructure, electronics demand, EV adoption, and renewable energy projects.
About Author
Shweta Bisht
Healthcare & Biotech Analyst
Shweta is a healthcare and biotech researcher with strong analytical skills in chemical and agri domains.
The Ultra Low Temperature Freezers Market size was valued at USD 515.2 million in 2024 and is projected to reach USD 767 million by 2032, expanding at a CAGR of 5.1% during the forecast period.
Network Function Virtualization NFV Market size was valued at USD 35.04 billion in 2024 and is anticipated to reach USD 129.15 billion by 2032, at a CAGR of 17.71% during the forecast period.
Medical Tuning Fork Market size was valued at USD 49.4 million in 2024 and is anticipated to reach USD 73 million by 2032, at a CAGR of 5% during the forecast period.
The Ultrasound Probe Covers Market size was valued at USD 251.3 million in 2024 and is anticipated to reach USD 425.7 million by 2032, at a CAGR of 6.81% during the forecast period.
The Trailer Landing Gear Market size was valued at USD 294.3 million in 2024 and is anticipated to reach USD 428.2 million by 2032, growing at a CAGR of 4.8% during the forecast period.
Trailer Assist System Market size was valued at USD 144.3 million in 2024 and is anticipated to reach USD 344.7 million by 2032, at a CAGR of 11.5% during the forecast period.
Titanium Aluminides (TiAl) market size was valued at USD 478.2 million in 2024 and is anticipated to reach USD 1078.4 million by 2032, at a CAGR of 10.7% during the forecast period.
The North America Cloud Gaming Backend Service Market size was valued at USD 26.00 million in 2018 to USD 143.69 million in 2024 and is anticipated to reach USD 860.23 million by 2032, at a CAGR of 25.10% during the forecast period.
Network Security Market size was valued at USD 80.89 billion in 2024 and is anticipated to reach USD 138.98 billion by 2032, at a CAGR of 7% during the forecast period.
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The report comes as a view-only PDF document, optimized for individual clients. This version is recommended for personal digital use and does not allow printing. Use restricted to one purchaser only.
$4999
To meet the needs of modern corporate teams, our report comes in two formats: a printable PDF and a data-rich Excel sheet. This package is optimized for internal analysis. Unlimited users allowed within one corporate location (e.g., regional office).
$6999
The report will be delivered in printable PDF format along with the report’s data Excel sheet. This license offers 100 Free Analyst hours where the client can utilize Credence Research Inc. research team. Permitted for unlimited global use by all users within the purchasing corporation, such as all employees of a single company.
Thank you for the data! The numbers are exactly what we asked for and what we need to build our business case.
Materials Scientist (privacy requested)
The report was an excellent overview of the Industrial Burners market. This report does a great job of breaking everything down into manageable chunks.
