Rare Earth Elements market report delivers an extensive research on the current conditions of the industry, potential of the market in the present and the future prospects from various points of views. Market drivers and market restraints estimated in this report gives you understanding about how the product is getting utilized in the recent period and also gives estimations about the future usage.
Global rare earth elements market is expected to register a substantial CAGR of 9.20% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the significant rise of demands from the various emerging locations of the world.
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Global Rare Earth Elements Market By Element (Cerium, Neodymium, Lanthanum, Dysprosium, Terbium, Erbium, Europium, Gadolinium, Holmium, Lutetium, Praseodymium, Promethium, Samarium, Thulium, Ytterbium, Yttrium, Scandium, Others), Application (Catalysts, Ceramics, Phosphors, Glass & Polishing, Metallurgy, Magnets, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Complete report on Global Rare Earth Elements Market Research Report 2019-2026 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Rare Earth Elements Market
Rare earth elements are various chemical elements present in the periodic table. These elements aren’t necessarily rare to find, although their presence is spread across the entire earth in an even manner therefore their availability in a particular location is limited, which results in extraction of these elements from mines quite complicated.
Key Questions Answered in Global Rare Earth Elements Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Rare Earth Elements Market in 2026?
- What are the key factors driving, Analysis by Applications and Countries Global Rare Earth Elements Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Rare Earth Elements Market?
- Who are Opportunities, Risk and Driving Force of Global Rare Earth Elements Market?
- Who are the opportunities and threats faced by the vendors in Global Rare Earth Elements Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Rare Earth Elements Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- Minmetals Rare Earth Co., Ltd.;
- Alkane Resources Ltd;
- ARAFURA RESOURCES;
- Lynas Corporation Ltd;
- China Rare Earth Holdings Limited;
- Avalon Advanced Materials Inc.;
- IREL(INDIA) LIMITED;
- Greenland Minerals Ltd.;
- NEO;
- Rare Element Resources Ltd.;
- Frontier Rare Earths Limited;
- Canada Rare Earth Corporation;
- Iluka Resources Limited;
- Northern Minerals;
- Krakatoa Resources Limited;
- Ucore Rare Metals Inc.;
- Namibia Critical Metals Inc.
- among others.
Market Drivers:
- Requirement of rare earth elements for the implementation and utilization of green technology worldwide; this factor is expected to propel the growth of the market
- Focus of various organizations and companies on enhancing their understanding and technologies for rare earth elements; this factor is expected to foster growth of the market
- Increased application area of these elements due to the rising demand for electric and hybrid vehicles also acts as a market driver
- High demand associated with these elements due to their application as catalysts in various production activities will drive the market growth
Market Restraints:
- Concerns regarding the increasing presence of illegal activities for extraction of rare earth elements from the different regions; this factor is expected to act as a restraint to the growth of the market
- Lack of consistent supply to various end-users and applicable sectors is expected to hamper the market growth
- Inequality of demand and supply quantities due to the trade wars between supplier of rare earth elements worldwide will restrict the growth of this market
Key Developments in the Market:
- In May 2019, Blue Line Corp. announced that they had entered into a partnership with Lynas for the establishment of a processing facility for rare earth elements. This facility will be located at Texas, United States and will help establish them as the first and only company capable of processing and separating rare earth elements outside the China region. This will ensure that the various organizations can meet the significant demands and applications of rare earth from the various end-users
- In November 2018, Arafura Resources Ltd. announced the establishment of “Nolans Project” which will help them in the production of “neodymium-praseodymium (NdPr)” element. Nolans project located in Northern Territory of Australia region is expected to help supply the ten percent demand for this element worldwide when it will be in full production, expected to be by 2020 at a highly cost-effective cost. The company has also finalized the location for the processing and separation plant for their rare earth element production which will be in Australia
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Market Segmentations:
Global Rare Earth Elements Market is segmented on the basis of
- Element
- Application
- Geography
Market Segmentations in Details:
By Element
- Cerium
- Neodymium
- Lanthanum
- Dysprosium
- Terbium
- Erbium
- Europium
- Gadolinium
- Holmium
- Lutetium
- Praseodymium
- Promethium
- Samarium
- Thulium
- Ytterbium
- Yttrium
- Scandium
- Others
By Application
- Catalysts
- Ceramics
- Phosphors
- Glass & Polishing
- Metallurgy
- Magnets
- Others
By Geography
North America
- S.
- Canada,
- Mexico
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Switzerland
- Rest of Europe
Asia-Pacific
- Japan
- China
- South Korea
- India
- Australia
- Singapore
- Thailand
- Malaysia
- Indonesia
- Philippines
- Rest of Asia Pacific
South America
- Brazil
- Rest of South America
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Competitive Analysis: Global Rare Earth Elements Market
Global rare earth elements market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of rare earth elements market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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