Global Rare Earth Metals Market Growth 2023-2029

Global Rare Earth Metals Market Growth 2023-2029

Product Code:454350

Published Date: Feb 08,2023

Pages: 107

Region: Global

Category: Chemical & Material

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Rare earth metals are vital to the world’s economy. They are essential to developing technologies in the communications, electronics, and military weapons markets. It is widely used in metallurgy, rare earth permanent magnet material and hydrogen storage material.

Rare earth metals typically include scandium (Sc-21), yttrium (Y-39), lanthanum (La-57), cerium (Ce-58), praseodymium (Pr-59), neodymium (Nd-60), promethium (Pm-61), samarium (Sm-62), europium (Eu-63), gadolinium (Gd-64), terbium (Tb-65), dysprosium (Dy-66), holmium (Ho-67), erbium (Er-68), thulium (Tm-69), ytterbium (Yb-70), and lutetium (Lu-71).

LPI (LP Information)' newest research report, the “Rare Earth Metals Industry Forecast” looks at past sales and reviews total world Rare Earth Metals sales in 2022, providing a comprehensive analysis by region and market sector of projected Rare Earth Metals sales for 2023 through 2029. With Rare Earth Metals sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Rare Earth Metals industry.

This Insight Report provides a comprehensive analysis of the global Rare Earth Metals landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Rare Earth Metals portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Rare Earth Metals market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rare Earth Metals and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Rare Earth Metals.

The global Rare Earth Metals market size is projected to grow from US$ 714.1 million in 2022 to US$ 331.8 million in 2029; it is expected to grow at a CAGR of 331.8 from 2023 to 2029.

Global Rare Earth Metals key players include Beifang Rare Earth, Integral Materials Investment Vietnam, Grirem Advanced Materials, Chenguang Rare Earths New Material, Jiangtong Rare Earth, etc. Global top five manufacturers hold a share over 60%.

China is the largest market, with a share over 80%. 
In terms of product, Pr-Nd is the largest segment, with a share over 70%. And in terms of application, the largest application is Rare Earth Permanent Magnet Material, followed by Metallurgy, Hydrogen Storage Material, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Rare Earth Metals market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Pr-Nd
    La-Ce
    La
    Ce
    Pr
    Nd
    Others

Segmentation by application
    Metallurgy
    Rare Earth Permanent Magnet Material
    Hydrogen Storage Material
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Beifang Rare Earth
    Integral Materials Investment Vietnam
    Chenguang Rare Earths New Material
    Sunlux Rare Metal
    Grirem Advanced Materials
    Baotou Xinye New Materials
    Ganzhou Rare Earth Metals
    Jiangtong Rare Earth
    Xiamen Tungsten
    Shenghe Resources
    Yiyang Hongyuan Rare Earth

Key Questions Addressed in this Report
What is the 10-year outlook for the global Rare Earth Metals market?
What factors are driving Rare Earth Metals market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Rare Earth Metals market opportunities vary by end market size?
How does Rare Earth Metals break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?