Global Rare Earth Metals Market to Reach $11.3 Billion by 2030
The global market for Rare Earth Metals estimated at US$5.1 Billion in the year 2022, is projected to reach a revised size of US$11.3 Billion by 2030, growing at a CAGR of 10.3% over the analysis period 2022-2030. Neodymium Oxide, one of the segments analyzed in the report, is projected to record 10.9% CAGR and reach US$5.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cerium Oxide segment is readjusted to a revised 10.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 14.4% CAGR
The Rare Earth Metals market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 14.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 8.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.Select Competitors (Total 46 Featured) -
- Alkane Resources Ltd.
- Aluminum Corporation of China Ltd.
- Arafura Resources Ltd.
- Beijing Zhong Ke San Huan Hi-Tech Co., Ltd.
- China Minmetals Rare Earth Co. Ltd.
- China Northern Rare Earth (Group) High-Tech Co., Ltd
- Jiangxi Tungsten Holding Group Co., Ltd.
- Lynas Corporation Ltd.
- RISING NONFERROUS METALS CO., LTD
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alkane Resources Ltd.
- Aluminum Corporation of China Ltd.
- Arafura Resources Ltd.
- Beijing Zhong Ke San Huan Hi-Tech Co., Ltd.
- China Minmetals Rare Earth Co. Ltd.
- China Northern Rare Earth (Group) High-Tech Co., Ltd
- Jiangxi Tungsten Holding Group Co., Ltd.
- Lynas Corporation Ltd.
- RISING NONFERROUS METALS CO., LTD
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 196 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 5.1 Billion |
Forecasted Market Value ( USD | $ 11.3 Billion |
Compound Annual Growth Rate | 10.5% |
Regions Covered | Global |