Rare Earth Metals Market Size, Share, Forecast Report 2032
Rare Earth Metals Market By Product (Cerium, Lanthanum, Neodymium, Praseodymium, and Others), By Application (Catalyst, Magnets, Ceramics, Metallurgy, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 6.59 Billion | USD 19.48 Billion | 12.8% | 2023 |
Table Of Content
- Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
- 1.3.1. Market research process
- 1.3.2. Market research methodology
- Chapter 2. Executive Summary
- 2.1. Global Rare Earth Metals market, 2024-2032 (USD Billion) (Tons)
- 2.2. Global Rare Earth Metals market: snapshot
- Chapter 3. Rare Earth Metals Market - Industry Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Global Rare Earth Metals market drivers: impact analysis
- 3.2.2. Rising use of rare earth metals in various industrial applications
- 3.3. Market Restraints
- 3.3.1. Global Rare Earth Metals market restraints: impact analysis
- 3.3.2. Volatility in raw material prices
- 3.4. Opportunities
- 3.4.1. Growing demand for renewable energy sources
- 3.5. Porter's Five Forces Analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis, by Product
- 3.6.2. Market attractiveness analysis, by Application
- 3.6.3. Market attractiveness analysis, by Region
- Chapter 4. Global Rare Earth Metals Market - Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Rare Earth Metals market: company market share, 2024
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New product launch
- 4.2.3. Agreements, partnerships, collaborations, and joint ventures
- 4.2.4. Research and development and regional expansion
- 4.1. Company market share analysis
- Chapter 5. Global Rare Earth Metals Market - Product Analysis
- 5.1. Global Rare Earth Metals market: Product overview
- 5.1.1. Global Rare Earth Metals market revenue & volume share, by Product, 2024 and 2032
- 5.2. Cerium
- 5.2.1. Global Rare Earth Metals market for Cerium, 2024-2032 (USD Billion) (Tons)
- 5.3. Lanthanum
- 5.3.1. Global Rare Earth Metals market for Lanthanum, 2024-2032 (USD Billion) (Tons)
- 5.4. Neodymium
- 5.4.1. Global Rare Earth Metals market for Neodymium, 2024-2032 (USD Billion) (Tons)
- 5.5. Praseodymium
- 5.5.1. Global Rare Earth Metals market for Neodymium, 2024-2032 (USD Billion) (Tons)
- 5.6. Others
- 5.6.1. Global Rare Earth Metals market for Others, 2024-2032 (USD Billion) (Tons)
- 5.1. Global Rare Earth Metals market: Product overview
- Chapter 6. Global Rare Earth Metals Market - Application Analysis
- 6.1. Global Rare Earth Metals market: Application overview
- 6.1.1. Global Rare Earth Metals market revenue & volume share, by Application, 2024 and 2032
- 6.2. Catalyst
- 6.2.1. Global Rare Earth Metals market for Catalyst, 2024-2032 (USD Billion) (Tons)
- 6.3. Magnets
- 6.3.1. Global Rare Earth Metals market for Magnets, 2024-2032 (USD Billion) (Tons)
- 6.4. Ceramics
- 6.4.1. Global Rare Earth Metals market for Ceramics, 2024-2032 (USD Billion) (Tons)
- 6.5. Metallurgy
- 6.5.1. Global Rare Earth Metals market for Metallurgy, 2024-2032 (USD Billion) (Tons)
- 6.6. Others
- 6.6.1. Global Rare Earth Metals market for Metallurgy, 2024-2032 (USD Billion) (Tons)
- 6.1. Global Rare Earth Metals market: Application overview
- Chapter 7. Global Rare Earth Metals Market - Regional Analysis
- 7.1. Global Rare Earth Metals market: regional overview
- 7.1.1. Global Rare Earth Metals market revenue & volume share, by region, 2024 and 2032
- 7.2. North America
- 7.2.1. North America Rare Earth Metals market revenue & volume, by Product, 2024-2032 (USD Billion) (Tons)
- 7.2.2. North America Rare Earth Metals market revenue & volume, by Application, 2024-2032 (USD Billion) (Tons)
- 7.2.3. The U.S.
- 7.2.3.1. The U.S. Rare Earth Metals market revenue & volume, by Product, 2024-2032 (USD Billion) (Tons)
- 7.2.3.2. The U.S. Rare Earth Metals market revenue & volume, by Application, 2024-2032 (USD Billion) (Tons)
- 7.3. Europe
- 7.3.1. Europe Rare Earth Metals market revenue & volume, by Product, 2024-2032 (USD Billion) (Tons)
- 7.3.2. Europe Rare Earth Metals market revenue & volume, by Application, 2024-2032 (USD Billion) (Tons)
- 7.3.3. UK
- 7.3.3.1. UK Rare Earth Metals market revenue & volume, by Product, 2024-2032 (USD Billion) (Tons)
- 7.3.3.2. UK Rare Earth Metals market revenue & volume, by Application, 2024-2032 (USD Billion) (Tons)
- 7.3.4. Germany
- 7.3.4.1. Germany Rare Earth Metals market revenue & volume, by Product, 2024-2032 (USD Billion) (Tons)
- 7.3.4.2. Germany Rare Earth Metals market revenue & volume, by Application, 2024-2032 (USD Billion) (Tons)
- 7.3.5. France
- 7.3.5.1. France Rare Earth Metals market revenue & volume, by Product, 2024-2032 (USD Billion) (Tons)
- 7.3.5.2. France Rare Earth Metals market revenue & volume, by Application, 2024-2032 (USD Billion) (Tons)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Rare Earth Metals market revenue & volume, by Product, 2024-2032 (USD Billion) (Tons)
- 7.4.2. Asia Pacific Rare Earth Metals market revenue & volume, by Application, 2024-2032 (USD Billion) (Tons)
- 7.4.3. China
- 7.4.3.1. China Rare Earth Metals market revenue & volume, by Product, 2024-2032 (USD Billion) (Tons)
- 7.4.3.2. China Rare Earth Metals market revenue & volume, by Application, 2024-2032 (USD Billion) (Tons)
- 7.4.4. Japan
- 7.4.4.1. Japan Rare Earth Metals market revenue & volume, by Product, 2024-2032 (USD Billion) (Tons)
- 7.4.4.2. Japan Rare Earth Metals market revenue & volume, by Application, 2024-2032 (USD Billion) (Tons)
- 7.4.5. India
- 7.4.5.1. India Rare Earth Metals market revenue & volume, by Product, 2024-2032 (USD Billion) (Tons)
- 7.4.5.2. India Rare Earth Metals market revenue & volume, by Application, 2024-2032 (USD Billion) (Tons)
- 7.5. Latin America
- 7.5.1. Latin America Rare Earth Metals market revenue & volume, by Product, 2024-2032 (USD Billion) (Tons)
- 7.5.2. Latin America Rare Earth Metals market revenue & volume, by Application, 2024-2032 (USD Billion) (Tons)
- 7.5.3. Brazil
- 7.5.3.1. Brazil Rare Earth Metals market revenue & volume, by Product, 2024-2032 (USD Billion) (Tons)
- 7.5.3.2. Brazil Rare Earth Metals market revenue & volume, by Application, 2024-2032 (USD Billion) (Tons)
- 7.6. The Middle East and Africa
- 7.6.1. The Middle East and Africa Rare Earth Metals market revenue & volume, by Product, 2024-2032 (USD Billion) (Tons)
- 7.6.2. The Middle East and Africa Rare Earth Metals market revenue & volume, by Application, 2024-2032 (USD Billion) (Tons)
- 7.1. Global Rare Earth Metals market: regional overview
- Chapter 8. Company Profile
- 8.1. Lynas Corporation Ltd.
- 8.1.1. Overview
- 8.1.2. Financials
- 8.1.3. Product portfolio
- 8.1.4. Business strategy
- 8.1.5. Recent developments
- 8.2. Molycorp
- 8.2.1. Overview
- 8.2.2. Financials
- 8.2.3. Product portfolio
- 8.2.4. Business strategy
- 8.2.5. Recent developments
- 8.3. Inner Mongolia Baotou Steel
- 8.3.1. Overview
- 8.3.2. Financials
- 8.3.3. Product portfolio
- 8.3.4. Business strategy
- 8.3.5. Recent developments
- 8.4. Chinalco Yunnan Copper Resources Ltd.
- 8.4.1. Overview
- 8.4.2. Financials
- 8.4.3. Product portfolio
- 8.4.4. Business strategy
- 8.4.5. Recent developments
- 8.5. Rare Elements Resources Ltd.
- 8.5.1. Overview
- 8.5.2. Financials
- 8.5.3. Product portfolio
- 8.5.4. Business strategy
- 8.5.5. Recent developments
- 8.6. Greenland Rare Earth and Energy Ltd.
- 8.6.1. Overview
- 8.6.2. Financials
- 8.6.3. Product portfolio
- 8.6.4. Business strategy
- 8.6.5. Recent developments
- 8.7. Alkane Resources
- 8.7.1. Overview
- 8.7.2. Financials
- 8.7.3. Product portfolio
- 8.7.4. Business strategy
- 8.7.5. Recent developments
- 8.8. Indian Rare Earths
- 8.8.1. Overview
- 8.8.2. Financials
- 8.8.3. Product portfolio
- 8.8.4. Business strategy
- 8.8.5. Recent developments
- 8.9. Arafura Resources
- 8.9.1. Overview
- 8.9.2. Financials
- 8.9.3. Product portfolio
- 8.9.4. Business strategy
- 8.9.5. Recent developments
- 8.10. Avalon Rare Metals
- 8.10.1. Overview
- 8.10.2. Financials
- 8.10.3. Product portfolio
- 8.10.4. Business strategy
- 8.10.5. Recent developments
- 8.1. Lynas Corporation Ltd.
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global Rare Earth Metals market revenue & volume, 2024–2032 (USD Billion) (Tons)
4. Porter’s Five Forces Analysis
5. Rare Earth Metals market attractiveness analysis, by Product
6. Rare Earth Metals market attractiveness analysis, by Application
7. Rare Earth Metals market: market attractiveness analysis, by region
8. Company market share analysis, 2024
9. Global Rare Earth Metals market revenue & volume share by Product, 2024 and 2032
10. Global Rare Earth Metals market for Cerium, 2024–2032 (USD Billion) (Tons)
11. Global Rare Earth Metals market for Lanthanum, 2024–2032 (USD Billion) (Tons)
12. Global Rare Earth Metals market for Neodymium, 2024–2032 (USD Billion) (Tons)
13. Global Rare Earth Metals market for Praseodymium, 2024–2032 (USD Billion) (Tons)
14. Global Rare Earth Metals market for Others, 2024–2032 (USD Billion) (Tons)
15. Global Rare Earth Metals market revenue & volume share by Application, 2024 and 2032
16. Global Rare Earth Metals market for Catalyst, 2024–2032 (USD Billion) (Tons)
17. Global Rare Earth Metals market for Magnets, 2024–2032 (USD Billion) (Tons)
18. Global Rare Earth Metals market for Ceramics, 2024–2032 (USD Billion) (Tons)
19. Global Rare Earth Metals market for Metallurgy, 2024–2032 (USD Billion) (Tons)
20. Global Rare Earth Metals market for Others, 2024–2032 (USD Billion) (Tons)
Table Of Tables
List of Tables
1. Rare Earth Metals market: market snapshot
2. Drivers of Global Rare Earth Metals market: impact analysis
3. Restraints of the global Rare Earth Metals market: impact analysis
4. North America Rare Earth Metals market revenue & volume, by Product, 2024–2032 (USD Billion) (Tons)
5. North America Rare Earth Metals market revenue & volume, by Application, 2024–2032 (USD Billion) (Tons)
6. The U.S. Rare Earth Metals market revenue & volume, by Product, 2024–2032 (USD Billion) (Tons)
7. The U.S. Rare Earth Metals market revenue & volume, by Application, 2024–2032 (USD Billion) (Tons)
8. Europe Rare Earth Metals market revenue & volume, by Product, 2024–2032 (USD Billion) (Tons)
9. Europe Rare Earth Metals market revenue & volume, by Application, 2024–2032 (USD Billion) (Tons)
10. UK Rare Earth Metals market revenue & volume, by Product, 2024–2032 (USD Billion) (Tons)
11. UK Rare Earth Metals market revenue & volume, by Application, 2024–2032 (USD Billion) (Tons)
12. Germany Rare Earth Metals market revenue & volume, by Product, 2024–2032 (USD Billion) (Tons)
13. Germany Rare Earth Metals market revenue & volume, by Application, 2024–2032 (USD Billion) (Tons)
14. France Rare Earth Metals market revenue & volume, by Product, 2024–2032 (USD Billion) (Tons)
15. France Rare Earth Metals market revenue & volume, by Application, 2024–2032 (USD Billion) (Tons)
16. Asia Pacific Rare Earth Metals market revenue & volume, by Product, 2024–2032 (USD Billion) (Tons)
17. Asia Pacific Rare Earth Metals market revenue & volume, by Application, 2024–2032 (USD Billion) (Tons)
18. China Rare Earth Metals market revenue & volume, by Product, 2024–2032 (USD Billion) (Tons)
19. China Rare Earth Metals market revenue & volume, by Application, 2024–2032 (USD Billion) (Tons)
20. Japan Rare Earth Metals market revenue & volume, by Product, 2024–2032 (USD Billion) (Tons)
21. Japan Rare Earth Metals market revenue & volume, by Application, 2024–2032 (USD Billion) (Tons)
22. India Rare Earth Metals market revenue & volume, by Product, 2024–2032 (USD Billion) (Tons)
23. India Rare Earth Metals market revenue & volume, by Application, 2024–2032 (USD Billion) (Tons)
24. Latin America Rare Earth Metals market revenue & volume, by Product, 2024–2032 (USD Billion) (Tons)
25. Latin America Rare Earth Metals market revenue & volume, by Application, 2024–2032 (USD Billion) (Tons)
26. Brazil Rare Earth Metals market revenue & volume, by Product, 2024–2032 (USD Billion) (Tons)
27. Brazil Rare Earth Metals market revenue & volume, by Application, 2024–2032 (USD Billion) (Tons)
28. The Middle East and Africa Rare Earth Metals market revenue & volume, by Product, 2024–2032 (USD Billion) (Tons)
29. The Middle East and Africa Rare Earth Metals market revenue & volume, by Application, 2024–2032 (USD Billion) (Tons)
Methodology
FrequentlyAsked Questions
Rare earth metals are a group of 17 chemical elements, including the 15 lanthanides and scandium and yttrium. Despite their name, they are not actually rare in the Earth's crust, but they are often found dispersed rather than concentrated in economically viable deposits.
According to a study, the global rare earth metals market size was worth around USD 6.59 billion in 2023 and is expected to reach USD 19.48 billion by 2032.
The global rare earth metals market is expected to grow at a CAGR of 12.8% during the forecast period.
Asia Pacific is expected to dominate the rare earth metals market over the forecast period.
Leading players in the global rare earth metals market include Lynas Corporation Ltd., Molycorp, Inner Mongolia Baotou Steel, Chinalco Yunnan Copper Resources Ltd., Rare Elements Resources Ltd., Greenland Rare Earth and Energy Ltd., Alkane Resources, Indian Rare Earths, Arafura Resources, Avalon Rare Metals, Great Western Minerals Group, Rare-Earth Hi-Tech Co, and China Rare Earth Holdings, among others.
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