Rare Earth Metals Market, By Metals, By Application, By Geography

Description

Global Rare Earth Metals Market is estimated to be valued at USD 6,010.9 Mn in 2025 and is expected to reach USD 9,285.8 Mn by 2032, growing at a compound annual growth rate (CAGR) of 6.4% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 6,010.9 Mn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	6.40%	2032 Value Projection:	USD 9,285.8 Mn

Figure. Rare Earth Metals Market Share (%), By Region 2025

Global rare earth metals market has witnessed significant growth in recent years due to their wide applications across several industries such as renewable energy, electric vehicles, consumer electronics and more. Rare earth metals refer to a group of 17 elements - scandium, yttrium, and the lanthanides. These are indispensable for manufacturing everything from computer hard drives and camera lenses to weaponry and wind turbines.

Market Dynamics:

Global rare earth metals market is expected to witness moderate growth due to factors such as growing demand for rare earth permanent magnets from areas like electric vehicles and wind turbines, increasing consumption of rare earth metals in consumer electronics, and rapid industrialization. However, factors such as vulnerability in supply due to geopolitical issues, high costs associated with rare earth mining due to complex extraction and separation processes, and environmental concerns related to rare earth mining can restrain the market growth. On the other hand, ongoing research and development activities towards developing new alternatives and recycling processes of rare earth metals can present lucrative opportunities in the near future.

Key Features of the Study:

This report provides in-depth analysis of the global rare earth metals market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global rare earth metals market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include China Northern Rare Earth (Group) High-Tech Co., Ltd, Rising Nonferrous Metals Co., Ltd, China Minmetals Rare Earth Co., Ltd, Aluminum Corporation of China Limited, Lynas Corporation, Ltd., Beijing Zhongke Sanhuan High-tech Co. Ltd., Jiangxi Tungsten Industry Group Co. Ltd., Arafura Resources Ltd., and Alkane Resources Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global rare earth metals market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global rare earth metals market

Detailed Segmentation

By Metal:
- Neodymium
- yttrium
- Dysprosium
- Terbium
- Europium
- Cerium
- Lanthanum
By Application:
- Catalysts
- Permanent Magnets
- Metallurgy & Alloy
- Polishing
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- China Northern Rare Earth (Group) High-Tech Co., Ltd
- Rising Nonferrous Metals Co., Ltd
- China Minmetals Rare Earth Co., Ltd
- Aluminum Corporation of China Limited
- Lynas Corporation, Ltd.
- Beijing Zhongke Sanhuan High-tech Co. Ltd.
- Jiangxi Tungsten Industry Group Co. Ltd.
- Arafura Resources Ltd.
- Alkane Resources Ltd.

Product Code: CMI293

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Metals
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Rare Earth Metals Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Rare Earth Metals Market Impact Analysis

5. Global Rare Earth Metals Market, By Metals, 2020-2032, (US$ Mn)

Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Neodymium
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2032, (US$ Mn)
Yttrium
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2032, (US$ Mn)
Dysprosium
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2032, (US$ Mn)
Terbium
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2032, (US$ Mn)
Europium
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2032, (US$ Mn)
Cerium
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2032, (US$ Mn)
Lanthanum
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2032, (US$ Mn)

6. Global Rare Earth Metals Market, By Application, 2020-2032, (US$ Mn)

Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Catalysts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2032, (US$ Mn)
Permanent Magnets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2032, (US$ Mn)
Metallurgy & Alloy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2032, (US$ Mn)
Polishing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2032, (US$ Mn)

7. Global Rare Earth Metals Market, By Region, 2020-2032 (US$ Mn)

Introduction
- Market Share Analysis, By Region, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 - 2032
North America
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, By Country, 2021 - 2032
- Market Size and Forecast, By Metals, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
  - U.S.
  - Canada
Latin America
- Market Size and Forecast, By Metals, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, By Country, 2021 - 2032
  - Brazil
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, By Country, 2021 - 2032
- Market Size and Forecast, By Metals, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
  - Germany
  - U.K.
  - Spain
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2023, 2024 and 2032 (%)
- Y-o-Y Growth Analysis, By Country, 2021 - 2032
- Market Size and Forecast, By Metals, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of the Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2023, 2024 and 2032 (%)
- Y-o-Y Growth Analysis, By Country, 2021 - 2032
- Market Size and Forecast, By Metals, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Application, 2020- 2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020- 2032, (US$ Mn)
  - GCC Countries
  - Israel
  - Rest of the Middle East & Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- China Northern Rare Earth (Group) High-Tech Co., Ltd
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
- Rising Nonferrous Metals Co., Ltd
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
- China Minmetals Rare Earth Co., Ltd
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
- Aluminum Corporation of China Limited
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
- Lynas Corporation, Ltd.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
- Beijing Zhongke Sanhuan High-tech Co. Ltd.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
- Jiangxi Tungsten Industry Group Co. Ltd.
- Arafura Resources Ltd.
- Alkane Resources Ltd.

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
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