Global Rare Earth Elements Market to Reach 12.6 Million Tons by 2030
The global market for Rare Earth Elements estimated at 5.1 Million Tons in the year 2022, is projected to reach a revised size of 12.6 Million Tons by 2030, growing at a CAGR of 11.9% over the analysis period 2022-2030. Neodymium, one of the segments analyzed in the report, is projected to record a 12% CAGR and reach 3.7 Million Tons by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cerium segment is readjusted to a revised 11.3% CAGR for the next 8-year period.The U.S. Market is Estimated at 1.5 Million Tons, While China is Forecast to Grow at 11% CAGR
The Rare Earth Elements market in the U.S. is estimated at 1.5 Million Tons in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of 2.1 Million Tons by the year 2030 trailing a CAGR of 11% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.8% and 10.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.Select Competitors (Total 36 Featured) -
- Alkane Resources Ltd
- Arafura Resources Ltd
- Arnold Magnetic Technologies
- Avalon Advanced Materials Inc.
- China Northern Rare Earth (Group) High-Tech Co., Ltd.
- Greenland Minerals Ltd
- Hitachi Metals Ltd.
- Iluka Resources Limited
- Indian Rare Earth Limited
- Lynas Corporation Ltd
- Namibia Critical Metals Inc.
- Northern Minerals Ltd
- Rare Element Resources Ltd.
- Shin-Etsu Chemical Co., Ltd.
- Ucore Rare Metals Inc.
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alkane Resources Ltd
- Arafura Resources Ltd
- Arnold Magnetic Technologies
- Avalon Advanced Materials Inc.
- China Northern Rare Earth (Group) High-Tech Co., Ltd.
- Greenland Minerals Ltd
- Hitachi Metals Ltd.
- Iluka Resources Limited
- Indian Rare Earth Limited
- Lynas Corporation Ltd
- Namibia Critical Metals Inc.
- Northern Minerals Ltd
- Rare Element Resources Ltd.
- Shin-Etsu Chemical Co., Ltd.
- Ucore Rare Metals Inc.