Abstract
Summary
Market Overview
The global rare earth elements market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 9.4% during the forecast period (2023-2030).
Loudspeakers, telescope lenses, studio lighting and computer hard drives are all made smaller and more effective using rare earth elements. Because they can create a variety of hues, they are utilized in screens and displays. High electrical conductivity is typically a property of rare earth elements naturally found in minerals. The strongest magnets now on the market are of rare earth elements.
Market Dynamics
The growing applications of rare earth elements
Terbium, cerium, yttrium and gadolinium rare earth compounds are employed as phosphors in various electronic devices, including LCDs and smartphones. These rare earth compounds have electro-phosphorescence, in which an electric discharge causes the compound to change color.
In addition to the applications above, these elements are also employed in magnetic refrigeration and energy-efficient lighting. The majority of the time currently, magnetic refrigeration is employed in the industry. The demand for personal electronics like mobile phones, computers and tablets is increasing due to rising disposable incomes, technological advancements and declining microprocessor prices.
Stringent environmental regulations
Profit margins are being adversely impacted and the feasibility of new projects is being threatened by strict environmental laws and rising operational costs. It thus discourages private investment in this industry. However, due to the strategic role of the raw minerals and their following end uses, federal investments in this industry continue to be significant.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global rare earth elements market is segmented based on type, source, application, end-user and region.
The growing demand for bastnäsite
One of a group of three carbonate-fluoride minerals, bastnäsite (or bastnaesite) contains the minerals bastnäsite-(Ce), with the formula (Ce, La)CO3F, bastnäsite-(La), with the formula (La, Ce)CO3F and bastnäsite-(Y), with the formula (Y, Ce)CO3F. Some of the bastnäsites are known as hydroxylbastnasites because they have OH in place of F.
The mineral bastnäsite is primarily responsible for producing cerium, the most common rare earth metal. The main producers of bastnäsite minerals are China and U.S. Bastnasite mineral production in U.S. was over 15,000 tonnes in 2018, significantly more than the 5,900 tonnes produced in 2019.
Geographical Analysis
The rise in mining and refineries in South America
South America is predicted to have the second-highest demand for rare earth elements throughout the projection period. Canada Rare Earth commissioned a study in February 2020 to determine the best location for its planned South American rare earth refinery. According to a news release from the Vancouver-based company, it has looked into various places in nine different countries over the past few years. It has focused on six South American regions. One of the major companies in South America, Hochschild Mining, has been extracting precious metals from epithermal vein deposits there for 50 years.
Competitive Landscape
The major global players in the market are China Rare Earth Holdings Limited, Arafura Resources Limited, Lynas Corporation, Ltd., Avalon Advanced Materials Inc., Alkane Resources Ltd, Shin-Etsu Chemical Co. Ltd, Canada Rare Earth Corporation, Iluka Resources Ltd., Eutectix LLC, Rare Element Resources Ltd and others.
Why Purchase the Report?
• To visualize the global rare earth elements- market segmentation based on type, source, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of rare earth elements market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global rare earth elements market report would provide approximately 69 tables, 76 figures and 210 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
Table of Contents
1 Methodology and Scope
1.1 Research Methodology
1.2 Research Objective and Scope of the Report
2 Definition and Overview
3 Executive Summary
3.1 Snippet By Type
3.2 Snippet By Source
3.3 Snippet By Application
3.4 Snippet By End-User
3.5 Snippet By Region
4 Dynamics
4.1 Impacting Factors
4.1.1 Drivers
- 4.1.1.1 The growing applications of rare earth elements
- 4.1.1.2 Stringent environmental regulations
4.1.2 Restraints
- 4.1.2.1 Long realization period and uncertain investment environment\
- 4.1.2.2 XX
4.1.3 Opportunity
- 4.1.3.1 XX
4.1.4 Impact Analysis
5 Industry Analysis
5.1 Porter's Five Forces Analysis
5.2 Supply Chain Analysis
5.3 Pricing Analysis
5.4 Regulatory Analysis
6 COVID-19 Analysis
6.1 Analysis of COVID-19
6.1.1 Before COVID-19 Scenario
6.1.2 Present COVID-19 Scenario
6.1.3 Post COVID-19 or Future Scenario
6.2 Pricing Dynamics Amid COVID-19
6.3 Demand-Supply Spectrum
6.4 Government Initiatives Related to the Market During Pandemic
6.5 Manufacturers Strategic Initiatives
6.6 Conclusion
7 By Type
7.1 Introduction
7.1.1 Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
7.1.2 Market Attractiveness Index, By Type
7.2 Metals*
7.2.1 Introduction
7.2.2 Market Size Analysis and Y-o-Y Growth Analysis (%)
7.2.3 Cerium
7.2.4 Erbium
7.2.5 Europium
7.2.6 Gadolinium
7.2.7 Holmium
7.2.8 Lanthanum
7.2.9 Neodymium
7.2.10 Praseodymium
7.2.11 Promethium
7.2.12 Samarium
7.2.13 Scandium
7.2.14 Terbium
7.2.15 Thulium
7.2.16 Ytterbium
7.2.17 Yttrium
7.3 Compounds
7.3.1 Cerium Compounds
7.3.2 Carbonates
7.3.3 Chlorides
7.3.4 Oxides
7.3.5 Others
8 By Source
8.1 Introduction
8.1.1 Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
8.1.2 Market Attractiveness Index, By Source
8.2 Bastnäsite*
8.2.1 Introduction
8.2.2 Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3 Loparite
8.4 Monazite
8.5 Rare-earth laterite
8.6 Xenotime
8.7 Others
9 By Application
9.1 Introduction
9.1.1 Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
9.1.2 Market Attractiveness Index, By Application
9.2 Magnets*
9.2.1 Introduction
9.2.2 Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3 Catalyst
9.4 Metal Alloys
9.5 Polishing
9.6 Ceramics/Glass
9.7 Additives
9.8 Others
10 By End-User
10.1 Introduction
10.1.1 Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
10.1.2 Market Attractiveness Index, By End-User
10.2 Industrial*
10.2.1 Introduction
10.2.2 Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3 Automotive
10.4 Glass
10.5 Fluorescent Lightning
10.6 Electronics
10.6.1 Smart Phones
10.6.2 Readers
10.6.3 Loudspeakers
10.6.4 Portable computers
10.6.5 Cameras
10.6.6 Others
10.7 Others
11 By Region
11.1 Introduction
11.2 Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
11.3 Market Attractiveness Index, By Region
11.4 North America
11.4.1 Introduction
11.4.2 Key Region-Specific Dynamics
11.4.3 Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.4.4 Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
11.4.5 Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.4.6 Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11.4.7 Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1 U.S
- 11.4.7.2 Canada
- 11.4.7.3 Mexico
11.5 Europe
11.5.1 Introduction
11.5.2 Key Region-Specific Dynamics
11.5.3 Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.5.4 Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
11.5.5 Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.5.6 Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11.5.7 Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1 Germany
- 11.5.7.2 UK
- 11.5.7.3 France
- 11.5.7.4 Italy
- 11.5.7.5 Spain
- 11.5.7.6 Rest of Europe
11.6 South America
11.6.1 Introduction
11.6.2 Key Region-Specific Dynamics
11.6.3 Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.6.4 Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
11.6.5 Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.6.6 Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11.6.7 Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.6.7.1 Brazil
- 11.6.7.2 Argentina
- 11.6.7.3 Rest of South America
11.7 Asia-Pacific
11.7.1 Introduction
11.7.2 Key Region-Specific Dynamics
11.7.3 Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.7.4 Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
11.7.5 Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.7.6 Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11.7.7 Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.7.7.1 China
- 11.7.7.2 India
- 11.7.7.3 Japan
- 11.7.7.4 Australia
- 11.7.7.5 Rest of Asia-Pacific
11.8 Middle East and Africa
11.8.1 Introduction
11.8.2 Key Region-Specific Dynamics
11.8.3 Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.8.4 Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
11.8.5 Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.8.6 Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
12 Competitive Landscape
12.1 Competitive Scenario
12.2 Market Positioning/Share Analysis
12.3 Mergers and Acquisitions Analysis
13 Company Profiles
13.1 China Rare Earth Holdings Limited
13.1.1 Company Overview
13.1.2 Product Portfolio and Description
13.1.3 Key Highlights
13.1.4 Financial Overview
13.2 Arafura Resources Limited
13.3 Lynas Corporation, Ltd
13.4 Avalon Advanced Materials Inc
13.5 Alkane Resources Ltd
13.6 Shin-Etsu Chemical Co. Ltd
13.7 Canada Rare Earth Corporation
13.8 Iluka Resources Ltd
13.9 Eutectix LLC
13.10 Rare Element Resources Ltd
13.11 Nippon Yttrium Co., Ltd
14 Appendix
14.1 About Us and Services
14.2 Contact Us