Global rare earth metals market 2024-2028

Description

List of Tables

The rare earth metals market is forecasted to grow by USD 6318 million during 2023-2028, accelerating at a CAGR of 9.59% during the forecast period. The report on the rare earth metals market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for electronic appliances and personal equipment, surge in consumption from APAC, and rise of new production capacities.

Technavio's rare earth metals market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	8.53%
CAGR	9.59%
Incremental Value	$6318mn

By Application

Permanent magnets
Metal alloys
Catalysts
Polishing powder
Others

By Type

Light rare earth elements
Heavy rare earth elements
Other element type

By Geographical Landscape

APAC
North America
Europe
Middle East and Africa
South America

This study identifies the rise in production capacities and emergence of alternative suppliers as one of the prime reasons driving the rare earth metals market growth during the next few years. Also, recycling of rare earth metals from electronic waste to gain prominence and green mining and environment-friendly refining to gain prominence will lead to sizable demand in the market.

The report on the rare earth metals market covers the following areas:

Rare earth metals market sizing
Rare earth metals market forecast
Rare earth metals market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading rare earth metals market vendors that include Alkane Resources Ltd, Arafura Rare Earths Ltd., Arnold Magnetic Technologies Corp., Avalon Advanced Materials Inc., Canada Rare Earth Corp, Energy Transition Minerals Ltd., Frontier Rare Earths Ltd., HEFA Rare Earth Canada Co. Ltd., Hitachi Ltd., Iluka Resources Ltd., IREL India Ltd., Lynas Rare Earths Ltd., Montero Mining and Exploration Ltd., Namibia Critical Metals Inc., Neo Performance Materials Inc., Northern Minerals Ltd., Rare Element Resources Ltd., Shin Etsu Chemical Co. Ltd., Resonac Holdings Corp., and Ucore Rare Metals Inc.. Also, the rare earth metals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR43187

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Rare Earth Metals Market 2018 - 2022
- Historic Market Size - Data Table on Global Rare Earth Metals Market 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
6.3 Permanent magnets - Market size and forecast 2023-2028
- Chart on Permanent magnets - Market size and forecast 2023-2028 ($ million)
- Data Table on Permanent magnets - Market size and forecast 2023-2028 ($ million)
- Chart on Permanent magnets - Year-over-year growth 2023-2028 (%)
- Data Table on Permanent magnets - Year-over-year growth 2023-2028 (%)
6.4 Metal alloys - Market size and forecast 2023-2028
- Chart on Metal alloys - Market size and forecast 2023-2028 ($ million)
- Data Table on Metal alloys - Market size and forecast 2023-2028 ($ million)
- Chart on Metal alloys - Year-over-year growth 2023-2028 (%)
- Data Table on Metal alloys - Year-over-year growth 2023-2028 (%)
6.5 Catalysts - Market size and forecast 2023-2028
- Chart on Catalysts - Market size and forecast 2023-2028 ($ million)
- Data Table on Catalysts - Market size and forecast 2023-2028 ($ million)
- Chart on Catalysts - Year-over-year growth 2023-2028 (%)
- Data Table on Catalysts - Year-over-year growth 2023-2028 (%)
6.6 Polishing powder - Market size and forecast 2023-2028
- Chart on Polishing powder - Market size and forecast 2023-2028 ($ million)
- Data Table on Polishing powder - Market size and forecast 2023-2028 ($ million)
- Chart on Polishing powder - Year-over-year growth 2023-2028 (%)
- Data Table on Polishing powder - Year-over-year growth 2023-2028 (%)
6.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
7.3 Light rare earth elements - Market size and forecast 2023-2028
- Chart on Light rare earth elements - Market size and forecast 2023-2028 ($ million)
- Data Table on Light rare earth elements - Market size and forecast 2023-2028 ($ million)
- Chart on Light rare earth elements - Year-over-year growth 2023-2028 (%)
- Data Table on Light rare earth elements - Year-over-year growth 2023-2028 (%)
7.4 Heavy rare earth elements - Market size and forecast 2023-2028
- Chart on Heavy rare earth elements - Market size and forecast 2023-2028 ($ million)
- Data Table on Heavy rare earth elements - Market size and forecast 2023-2028 ($ million)
- Chart on Heavy rare earth elements - Year-over-year growth 2023-2028 (%)
- Data Table on Heavy rare earth elements - Year-over-year growth 2023-2028 (%)
7.5 Other element type - Market size and forecast 2023-2028
- Chart on Other element type - Market size and forecast 2023-2028 ($ million)
- Data Table on Other element type - Market size and forecast 2023-2028 ($ million)
- Chart on Other element type - Year-over-year growth 2023-2028 (%)
- Data Table on Other element type - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 Vietnam - Market size and forecast 2023-2028
- Chart on Vietnam - Market size and forecast 2023-2028 ($ million)
- Data Table on Vietnam - Market size and forecast 2023-2028 ($ million)
- Chart on Vietnam - Year-over-year growth 2023-2028 (%)
- Data Table on Vietnam - Year-over-year growth 2023-2028 (%)
9.10 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Alkane Resources Ltd
- Alkane Resources Ltd - Overview
- Alkane Resources Ltd - Product / Service
- Alkane Resources Ltd - Key offerings
12.4 Arafura Rare Earths Ltd.
- Arafura Rare Earths Ltd. - Overview
- Arafura Rare Earths Ltd. - Product / Service
- Arafura Rare Earths Ltd. - Key offerings
12.5 Avalon Advanced Materials Inc.
- Avalon Advanced Materials Inc. - Overview
- Avalon Advanced Materials Inc. - Product / Service
- Avalon Advanced Materials Inc. - Key offerings
12.6 Canada Rare Earth Corp
- Canada Rare Earth Corp - Overview
- Canada Rare Earth Corp - Product / Service
- Canada Rare Earth Corp - Key offerings
12.7 Energy Transition Minerals Ltd.
- Energy Transition Minerals Ltd. - Overview
- Energy Transition Minerals Ltd. - Product / Service
- Energy Transition Minerals Ltd. - Key offerings
12.8 Frontier Rare Earths Ltd.
- Frontier Rare Earths Ltd. - Overview
- Frontier Rare Earths Ltd. - Product / Service
- Frontier Rare Earths Ltd. - Key offerings
12.9 HEFA Rare Earth Canada Co. Ltd.
- HEFA Rare Earth Canada Co. Ltd. - Overview
- HEFA Rare Earth Canada Co. Ltd. - Product / Service
- HEFA Rare Earth Canada Co. Ltd. - Key offerings
12.10 Hitachi Ltd.
- Hitachi Ltd. - Overview
- Hitachi Ltd. - Business segments
- Hitachi Ltd. - Key news
- Hitachi Ltd. - Key offerings
- Hitachi Ltd. - Segment focus
12.11 Iluka Resources Ltd.
- Iluka Resources Ltd. - Overview
- Iluka Resources Ltd. - Business segments
- Iluka Resources Ltd. - Key offerings
- Iluka Resources Ltd. - Segment focus
12.12 IREL India Ltd.
- IREL India Ltd. - Overview
- IREL India Ltd. - Product / Service
- IREL India Ltd. - Key offerings
12.13 Lynas Rare Earths Ltd.
- Lynas Rare Earths Ltd. - Overview
- Lynas Rare Earths Ltd. - Product / Service
- Lynas Rare Earths Ltd. - Key offerings
12.14 Neo Performance Materials Inc.
- Neo Performance Materials Inc. - Overview
- Neo Performance Materials Inc. - Business segments
- Neo Performance Materials Inc. - Key offerings
- Neo Performance Materials Inc. - Segment focus
12.15 Northern Minerals Ltd.
- Northern Minerals Ltd. - Overview
- Northern Minerals Ltd. - Product / Service
- Northern Minerals Ltd. - Key offerings
12.16 Shin Etsu Chemical Co. Ltd.
- Shin Etsu Chemical Co. Ltd. - Overview
- Shin Etsu Chemical Co. Ltd. - Business segments
- Shin Etsu Chemical Co. Ltd. - Key offerings
- Shin Etsu Chemical Co. Ltd. - Segment focus
12.17 Resonac Holdings Corp.
- Resonac Holdings Corp. - Overview
- Resonac Holdings Corp. - Business segments
- Resonac Holdings Corp. - Key offerings
- Resonac Holdings Corp. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
- 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations