The global demand for Lanthanides Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Lanthanides or lanthanoidor rare earth metals represents a series of 15 chemical elements (lanthanum to lutetium) ranging from atomic number 57 to 71. In periodic table, lanthanides are placed in separate table at the bottom. Elements in these series have shiny, silver coloured soft metals which are reactive in nature. These are extensively used in various field of application for offering strength & stiffness to the alloys. Some of the lanthanides are used in optical devices, petroleum sector, chemical sector, medical and healthcare application, aerospace and defence for catering various roles.
Increasing demand for magnets is on rise across different application areas drives the lanthanide market. Lanthanides are involved in production of green energies fuels the market growth. Increasing demand for batteries owing to eco-friendly options is boosting growth of this market. Ongoing industrialization, growing manufacturing sector, booming healthcare sector further propels the demand for lanthanides. Growing demand for electric vehicles to minimize pollution is again pushing the lanthanide demand.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of lanthanides.
The entire lanthanides market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- ln(iii) Compounds
- ln(ii) and ln(iv) Compounds
- Chemical Industry
- Manufacturing Industry
- Aerospace & Defence
- Life Science
This section covers regional segmentation which accentuates on current and future demand for lanthanides market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Lanthanides Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the lanthanides market include Johnson Matthey, Albemarle, INEOS Group Holdings S.A., Clariant, Evonik Industries AG, Air Products and Chemicals, BASF, W. R. Grace & Co., LyondellBasell Industries N.V. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.