Rare earth metals are vital to the world’s economy. They are essential to developing technologies in the communications, electronics, and military weapons markets. It is widely used in metallurgy, rare earth permanent magnet material and hydrogen storage material.
Rare earth metals typically include scandium (Sc-21), yttrium (Y-39), lanthanum (La-57), cerium (Ce-58), praseodymium (Pr-59), neodymium (Nd-60), promethium (Pm-61), samarium (Sm-62), europium (Eu-63), gadolinium (Gd-64), terbium (Tb-65), dysprosium (Dy-66), holmium (Ho-67), erbium (Er-68), thulium (Tm-69), ytterbium (Yb-70), and lutetium (Lu-71).
This report contains market size and forecasts of Rare Earth Metals in global, including the following market information:
Global Rare Earth Metals Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Rare Earth Metals Market Sales, 2017-2022, 2023-2028, (Ton)
Global top five Rare Earth Metals companies in 2021 (%)
The global Rare Earth Metals market was valued at 751.1 million in 2021 and is projected to reach US$ 371.5 million by 2028, at a CAGR of -9.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Pr-Nd Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Rare Earth Metals include Beifang Rare Earth, Integral Materials Investment Vietnam, Chenguang Rare Earths New Material, Sunlux Rare Metal, Grirem Advanced Materials, Baotou Xinye New Materials, Ganzhou Rare Earth Metals, Jiangtong Rare Earth and Xiamen Tungsten, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Rare Earth Metals manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Rare Earth Metals Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Ton)
Global Rare Earth Metals Market Segment Percentages, by Type, 2021 (%)
Pr-Nd
La-Ce
La
Ce
Pr
Nd
Others
Global Rare Earth Metals Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Ton)
Global Rare Earth Metals Market Segment Percentages, by Application, 2021 (%)
Metallurgy
Rare Earth Permanent Magnet Material
Hydrogen Storage Material
Others
Global Rare Earth Metals Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Ton)
Global Rare Earth Metals Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Rare Earth Metals revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Rare Earth Metals revenues share in global market, 2021 (%)
Key companies Rare Earth Metals sales in global market, 2017-2022 (Estimated), (Ton)
Key companies Rare Earth Metals sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Beifang Rare Earth
Integral Materials Investment Vietnam
Chenguang Rare Earths New Material
Sunlux Rare Metal
Grirem Advanced Materials
Baotou Xinye New Materials
Ganzhou Rare Earth Metals
Jiangtong Rare Earth
Xiamen Tungsten
Shenghe Resources
Yiyang Hongyuan Rare Earth