Global Rare Earth Metals Market Report By Type (Lanthanum, Cerium, Praseodymium, Neodymium, Samarium, Europium, Gadolinium, Terbium, Dysprosium, Yttrium, Others), By Applications (Permanent magnets, Metal alloys, Polishing, Glass additives, Catalysts, Phosphors, Ceramics, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2020-2027

ID:VMR11213997
January 2021
Report Formats:

Global Rare Earth Metals Market Overview

The global rare earth metals market size was valued at USD 3 billion by 2019, and is estimated to reach USD 18 billion with a prominent CAGR of 14% during the forecast period of 2021-2027. The key drivers impacting the rare earth metals market is the rising demand for these products in the manufacturing of magnets & catalysts for the ever-expanding automotive industry. According to International Organization of Motor vehicle manufacturers (OICA), in 2019, sales of passenger cars increased by about 5% and reached 69.5 million units. Similarly, the commercial vehicles segment showed a steady rise as the sales touching 24 million units in 2019.

In addition to this, the growing demand for electric vehicles to reduce CO2 emissions and supportive government policies across the globe is anticipated to increase the rare earth metals market demand under the forecast period. According to IEA, Electric cars, account for 2.6% of global car sales and about it registered a 40% year-on-year rise.  Sales of electric cars recorded 2.1 million worldwide in 2019, surpassing 2018. Rare earth metals such as neodymium & praseodymium are majorly utilized in the production of batteries for electric vehicles. 

The high adoption of rare earth metals for various industrial applications such as catalyst, battery, metallurgy, glass ceramics, and others is also estimated to be a key determinant adding growth to the market. Also, the current trend of using hi-tech electric vehicles and hybrid vehicles at the global level is considered as the key factor that is positively impacting the market. However, the disparity in supply and demand and fluctuating prices may hamper the global rare earth metals industry in the long run. Also, the Illegal mining activities in rare earth metal ores are likely to restrict market growth. The current industry trends show the growing focus towards recycling and reuse of rare earth metals and high prospects for electrification in transport in the coming decade are creating new market opportunities for the key players.

The rare earth metals market is vast, with a large number of local and global players. The key leaders follow various strategies to improve their market position, such as mergers, acquisitions, expansions, and improved quality products at the best prices to enhance their market share across the world. For instance, Arafura Resources in November 2019 announced about constructing a separation plant for its Nolans Neodymium-Praseodymium (NdPr) Project. It is the only Australian-domiciled NdPr-focused project that extracts and processes rare earth ore to extremely refined separated REO products. The report studies a few key players of the global rare earth metals market in detail, covering the company profile, product list, and financial information. The dominating key players included in the report are Iluka Resources Limited, Lynas Corporation, Ltd., Northern Minerals Limited, Alkane Resources Ltd, Arafura Resources Ltd., Canada Rare Earth Corporation, China Minmetals Rare Earth Co. Ltd, Indian Rare Earths Limited, Neo Performance Materials Inc., Avalon Rare Metals, Great Western Minerals Group Ltd always been the initial targets of rare earth metals companies and many others. 

Global Rare Earth Metals Market Share

In this market research report, the market is segmented by applications, type, and region.

Analysis By Applications
By applications, the report is categorized into permanent magnets, metal alloys, polishing, glass, additives, catalysts, phosphors, ceramics and others. A magnet dominates the application segment in 2019 with maximum market share of 30% in terms of volume as well as revenue.It is expected to maintain its dominancy over the forecast period because of its widespread usage in computer hard disc drives, linear actuators, servo motors, speakers & headphones, and sensors. Moreover, the growing demands for magnets in automobiles, turbines, and consumer electronics driving the magnet application segment. 

Analysis By Type
By type, the report is categorized into lanthanum, cerium, praseodymium, neodymium, samarium, europium, gadolinium, terbium, dysprosium, yttrium, and others. Cerium and lanthanum dominate the type segment in 2019 with a maximum market share of 50%. Scandium is expected to experience the fastest growth over the forecast period and accounts for over 30% market share in 2019. It is due to the low price of Lanthanum and cerium than other oxides that lead to extensively used in modern technologies, such as the manufacturing of catalytic converters used for automobiles and batteries for electric vehicles. Moreover, Cerium and lanthanum catalysts are increasingly utilized in petroleum refining to convert crude oil into gasoline.

Analysis By Region
In the regional outlook of the global rare earth metals market, Asia pacific dominates with over two-thirds of shares in 2019. Asia Pacific region is the significant region globally driving the market share over a forecast period. The rapidly growing demand in China and its dominancy in supplying rare earth elements China is the single dominant supplier of the rare earth elements are the primary growth factors contributing at a regional level. The APAC market is anticipated to record considerable growth during the forecast period due to the presence of the biggest rare earth reserve coupled with major rare earth metal processors and consumers in the region.

Market Segmentation covered in the Report:
By Type

  • Lanthanum
  • Cerium
  • Praseodymium
  • Neodymium
  • Samarium
  • Europium
  • Gadolinium
  • Terbium
  • Dysprosium
  • Yttrium
  • Others

By Applications
  • Permanent magnets
  • Metal alloys
  • Polishing
  • Glass additives
  • Catalysts
  • Phosphors
  • Ceramics
  • Others

By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa
 
METHODOLOGY:

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.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . RARE EARTH METALS – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Type
           3.7.2 By Applications
           3.7.3 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL RARE EARTH METALS MARKET ANALYSIS BY TYPE
       6.1 Overview by Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Type
       6.4 Lanthanum Market by Regions
       6.5 Cerium Market by Regions
       6.6 Praseodymium Market by Regions
       6.7 Neodymium Market by Regions
       6.8 Samarium Market by Regions
       6.9 Europium Market by Regions
       6.10. Gadolinium Market by Regions
       6.11 Terbium Market by Regions
       6.12 Dysprosium Market by Regions
       6.13 Yttrium Market by Regions
       6.14 Others Market by Regions
 
7 . GLOBAL RARE EARTH METALS MARKET ANALYSIS BY APPLICATIONS
       7.1 Overview by Applications
       7.2 Historical and Forecast Data
       7.3 Analysis by Applications
       7.4 Permanent magnets Market by Regions
       7.5 Metal alloys Market by Regions
       7.6 Polishing Market by Regions
       7.7 Glass additives Market by Regions
       7.8 Catalysts Market by Regions
       7.9 Phosphors Market by Regions
       7.10. Ceramics Market by Regions
       7.11 Others Market by Regions
 
8 . GLOBAL RARE EARTH METALS MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
 
9 . COMPETITIVE LANDSCAPE OF THE RARE EARTH METALS COMPANIES
       9.1. Rare Earth Metals Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF RARE EARTH METALS INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Iluka Resources Limited
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Lynas Corporation, Ltd.
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Northern Minerals Limited
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Alkane Resources Ltd
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. Arafura Resources Ltd.
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Canada Rare Earth Corporation
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. China Minmetals Rare Earth Co. Ltd
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Indian Rare Earths Limited
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Neo Performance Materials Inc.
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. Avalon Rare Metals
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
       10.13. Great Western Minerals Group Ltd
           10.13.1. Company Overview
           10.13.2. Financials
           10.13.3. Products
           10.13.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Type (USD MN)
  •  Lanthanum Market by Geography (USD MN)
  •  Cerium Market by Geography (USD MN)
  •  Praseodymium Market by Geography (USD MN)
  •  Neodymium Market by Geography (USD MN)
  •  Samarium Market by Geography (USD MN)
  •  Europium Market by Geography (USD MN)
  •  Gadolinium Market by Geography (USD MN)
  •  Terbium Market by Geography (USD MN)
  •  Dysprosium Market by Geography (USD MN)
  •  Yttrium Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Analysis Market by Applications (USD MN)
  •  Permanent magnets Market by Geography (USD MN)
  •  Metal alloys Market by Geography (USD MN)
  •  Polishing Market by Geography (USD MN)
  •  Glass additives Market by Geography (USD MN)
  •  Catalysts Market by Geography (USD MN)
  •  Phosphors Market by Geography (USD MN)
  •  Ceramics Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Rare Earth Metals Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Rare Earth Metals Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Rare Earth Metals Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by Applications
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Type (USD MN)
  •  Lanthanum Market by Geography (USD MN)
  •  Cerium Market by Geography (USD MN)
  •  Praseodymium Market by Geography (USD MN)
  •  Neodymium Market by Geography (USD MN)
  •  Samarium Market by Geography (USD MN)
  •  Europium Market by Geography (USD MN)
  •  Gadolinium Market by Geography (USD MN)
  •  Terbium Market by Geography (USD MN)
  •  Dysprosium Market by Geography (USD MN)
  •  Yttrium Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market Analysis by Applications (USD MN)
  •  Permanent magnets Market by Geography (USD MN)
  •  Metal alloys Market by Geography (USD MN)
  •  Polishing Market by Geography (USD MN)
  •  Glass additives Market by Geography (USD MN)
  •  Catalysts Market by Geography (USD MN)
  •  Phosphors Market by Geography (USD MN)
  •  Ceramics Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020
 
 * Kindly note that the above list covers the basic tables and figures of the report and are not limited to the TOC.

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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