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Rare Earth Metals Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMMM21473

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Published on

October 2021

Total pages

238

Table of Content

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About the Report

About the Report

Rare earth metals are extracted from their ores and unlike other goods they are not sold in open market thereby tracking their price is a difficult task. Rising demand of consumer electronics like laptops, smartphones, loudspeakers, headphones are major drivers for rare earth metals. Since trend is moving towards low carbon emission as a result governments and consumers are increasingly focusing on electrical vehicles. Rare earth metals are extensively used in electric as well as hybrid vehicles owing to which demand of rare earth metals would increase with rising demand for electric and hybrid vehicles. For example, in 2018, the global stock of electric cars stock accounted to 3.27 Mn which increased to 4.79 Mn in 2019. Furthermore, market is driven by rising demand of LED, glass industry, wind turbine manufactures and ceramic industry where rare earth metals are widely used. For instance, according to International Energy Agency, the demand of LED increased to nearly 22% in 2019 and is expected to grow at rate of approximately 40% by 2025.

Based on metal, rare earth metal market is divided into lanthanum, cerium, neodymium, praseodymium, samarium, europium and others. Since market trend is moving towards battery electric vehicles and hybrid electric vehicles owing to low carbon footprints release therefore this would drive the market significantly. Praseodymium is used as an alloying agent with magnesium to produce high strength metals for aircraft engines. Furthermore, demand of consumer durables is growing robustly with growing digitalization. Owing to these factor demand for rare earth metals market would show lucrative growth.

Based on application, the segment is categorized as magnets, metal alloys, batteries, polishing agents, catalysts, phosphors and others. Among all, magnets held a lucrative market share owing to its high demand from manufacturers of headphones, loudspeakers, dynamos, televisions, hard drives, motors, and refrigerators, among others. Since demand of consumer electronics is increasing, magnets which are made from rare earth metals are extensively used in the manufacturing of consumer electronics. Furthermore, rare earth metals are widely used as a catalyst in fluid catalytic cracking which is an important process petroleum refining process. Owing to above reasons rare earth metals market would grow at an influential rate.

For better understanding of the market, the report provides detail analysis for major region and country including North America (US, Canada, rest of North America); Europe (Germany, UK, France, Spain, rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific) and Rest of World. Currently Asia-Pacific dominates the market and is expected to maintain its dominance throughout the forecast period.

Some of the major companies operating in the global rare earth metals market includes Lynas Corporation, Alkane Resources Ltd, Arafura Resources Ltd, China Minmetals Rare Earth Co Ltd, Avalon Advanced Materials Inc, Iluka Resource Ltd, Metall Rare Earth Limited, Northern Minerals Ltd, Canada Rare Earth Corporation, India Rare Earths Corporation.

Products


Companies

Lynas Corporation, Alkane Resources Ltd, Arafura Resources Ltd, China Minmetals Rare Earth Co Ltd, Avalon Advanced Materials Inc, Iluka Resource Ltd, Metall Rare Earth Limited, Northern Minerals Ltd, Canada Rare Earth Corporation, India Rare Earths Corporation

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency Used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Rare Earth Metals Market

2.1.1. Main Objective of the Rare Earth Metals Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL RARE EARTH METALS MARKET AMID COVID-19

6 GLOBAL RARE EARTH METALS MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY METALS

7.1. Lanthanum

7.2. Cerium

7.3. Neodymium

7.4. Praseodymium

7.5. Samarium

7.6. Europium

7.7. Others

8 MARKET INSIGHTS BY APPLICATION

8.1. Magnets

8.2. Metal Alloys

8.3. Batteries

8.4. Polishing Agents

8.5. Catalyst

8.6. Phosphors

8.7. Others

9 MARKET INSIGHTS BY REGION

9.1. North America Rare Earth Metals Market

9.1.1. United States

9.1.2. Canada

9.1.3. Rest of North America

9.2. Europe Rare Earth Metals Market

9.2.1. Germany

9.2.2. United Kingdom

9.2.3. France

9.2.4. Spain

9.2.5. Rest of Europe

9.3. Asia-Pacific Rare Earth Metals Market

9.3.1.

9.3.2.

9.3.3.

9.3.4.

9.3.5.

9.4. Rest of World

10 RARE EARTH METALS MARKET DYNAMICS

10.1. Market Drivers

10.2. Market Challenges

10.3. Impact Analysis

11 RARE EARTH METALS MARKET OPPORTUNITIES

12 RARE EARTH METALS MARKET TRENDS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

14.1. Demand Side Analysis

14.2. Supply Side Analysis

14.2.1. Top Product Launches

14.2.2. Top Business Partnerships

14.2.3. Top Business Expansions, Investments and Divestitures

14.2.4. Top Merger and Acquisitions

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

16.1. Porter's Five Forces Analysis

16.1.1. Bargaining power of Supplier

16.1.2. Bargaining power of Buyer

16.1.3. Industry Rivalry

16.1.4. Availability of Substitute

16.1.5. Threat of new Entrants

16.2. Competitive Landscape

16.2.1. Company Shares, By Revenue

17 COMPANY PROFILED

17.1. Lynas Corporation

17.2. Alkane Resources Ltd.

17.3. Arafura Resources Ltd.

17.4. China Minmetals Rare Earth Co Ltd.

17.5. Avalon Advanced Materials Inc.

17.6. Iluka Resource Ltd.

17.7. Metall Rare Earth Limited

17.8. Northern Minerals Ltd.

17.9. Canada Rare Earth Corporation

17.10. India Rare Earths Corporation

18 DISCLAIMER

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