Rare-Earth Metals Market size was valued at US$ 4.72 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 12.4% through 2021 to 2029, reaching nearly US$ 12.02 Bn. by 2029.
Rare-Earth MetalsMarket Overview
TheRare-Earth MetalsMarketintelligence report published by Global Market Intelligence research firm, Maximize Market Research, indicates the lucrative growth forRare-Earth MetalsMarket suppliers in the forecast period through 2029. The Maximize Market Research, anRare-Earth Metalsmarket research firm, has served more than 600 clients across the world since 2017.
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Rare-Earth MetalsMarket Scope
TheRare-Earth Metalsmarket report includes the industry trends influencing the market growth and factors that hamper the growth of the market. Understanding these factors is essential in planning and designing the product as well as business strategies. The report gives a detailed analysis of these trends and challenges to help understand theRare-Earth Metalsmarket growth factors. The report provides the size and share of theRare-Earth Metalsmarket. It also helps in understanding the market and the report estimates upfront data and statistics that make the report a valuable guide for individuals dealing with advertising and industry decision-making processes in theRare-Earth Metalsmarket.
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Segmentation
On the basis of product, the Rare-Earth Metals Market is sub-segmented into Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium, Praseodymium, Promethium, Samarium, Scandium, Terbium, Thulium, Ytterbium, and Yttrium. The cerium segment held the largest market share of 42.8% in 2021. Cerium is used as a catalyst in catalytic converters in exhaust systems in the automotive sector to reduce emissions. It's also found in nickel-metal hydride (NiMH) batteries. Over the forecast period, the increased demand for hybrid vehicles is expected to have a beneficial impact on rare earth demand.
by Product
Cerium
Dysprosium
Erbium
Europium
Gadolinium
Holmium
Lanthanum
Lutetium
Neodymium
Praseodymium
Promethium
Samarium
Scandium
Terbium
Thulium
Ytterbium
Yttrium
by Application
Magnets
Catalysts
Metallurgy
Polishing
Glass
Phosphors
Ceramics
Other
by Type
Cerium Oxide
Lanthanum Oxide
Neodymium Oxide
Yttrium Oxide
Others
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Key Players
Lynas Corporation
Alkane Resources
Arafura Resources
China Minmetals Rare
Avalon Advanced Materials
Iluka Resource
Canada Rare Earth
Shin-Etsu Chemical Co. Ltd.
China Northern Rare Earth
Molycorp Inc
Rare Element Resources
Eutectix
Indian Rare Earths
Great Western Minerals
Frontier Rare Earths.
Greenland Minerals Energy
Ucore Rare Metals Inc.
Medallion Resources Ltd
Regional Analysis
TheRare-Earth Metalsmarket reports include Regional Insights that ensure the market on a regional level. Understanding local, economic, political, and geographic variables are critical for the analysis ofRare-Earth Metalsmarket change regional-wise. The functioning of theRare-Earth Metalsmarket has a significant impact on local development plans. TheRare-Earth Metalsmarket report enables the analysis of regional factors that affect the market and local growth in domestic countries.
Key Questions answered in theRare-Earth MetalsMarket Report are:
- What isRare-Earth MetalsMarket?
- What is the forecast period of theRare-Earth MetalsMarket?
- What is the competitive scenario of theRare-Earth Metalsmarket?
- Which region held the largest market share in theRare-Earth MetalsMarket?
- What are the opportunities for theRare-Earth MetalsMarket?
- What are the restraining factors in theRare-Earth Metalsmarket?
- Who are the key players of theRare-Earth Metalsmarket?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis byRare-Earth Metals
- Landscape- Leading key players and other prominent key players.
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