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Rare Earth Metal Recycling Market

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    Report

  • 118 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724168
The global rare earth metal recycling market size is expected to reach USD 623.39 million by 2030, according to a new study. The report “Rare Earth Metal Recycling Market Share, Size, Trends, Industry Analysis Report, By Application (Permanent Magnets, Alloys, Polishing Materials, Glass, Catalyst, Phosphor, Ceramics, Hydrogen Storage Alloys), By Technology; By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

One of the key factors propelling the growth of the rare earth metal market is the increase in demand for clean energy across the globe. Therefore, rare earth metals are used in the manufacturing of catalysts and magnets for the automotive industry and are extensively used in the production of batteries for electric vehicles. The market is also influenced due to rare earth metals’ application in catalytic converters used in rechargeable batteries, cellphones, fluorescent lights, and vehicle exhaust systems.

Demand for consumer electronics has increased as a result of rising purchasing power parity and rising disposable income among many people. The market will have many areas to grow due to the environmental damage caused by metal processing and mining. Recycling is regarded as a key procedure for safeguarding the environment. These are all positive developments for the industry of recycling rare earth metals.

Additionally, the growing end-use sectors such as industrialization, and urbanization, and the rising interest of numerous organizations and businesses in technology advancement all favor the rare earth metal market. Thus, it increases the global market. For instance, in May 2022, Energy fuels proposed to acquire 58 square miles of rare earth elements (REE) project, in Brazil. Energy fuels responsibly produce the raw materials needed for the clean energy revolution.

Many automobile manufacturers face a decline in their market share due to the effect of the pandemic. Thus, the global market of rare earth recycling decreases in the automotive sector. Also, the mining and extraction work of rare earth metals was stopped during the outbreak of the covid-19 virus. This has further reduced the market of rare earth metal recycling. Covid-19 has a negative effect on the global market. Due to the worldwide lockdown imposed by the governments, all the automobile manufacturing companies, which are users of rare earth metals, have shut down their manufacturing. Hence, hindering market growth during COVID-19.

Rare Earth Metal Recycling Market Report Highlights

  • The glass segment is anticipated to grow at a significant CAGR over the forecast period owing to the rising use of glass in optical lenses and cameras.
  • The hydrometallurgical technology segment is to witness higher CAGR during the forecast period because it gives REE from the recycling of batteries and magnets.
  • APAC is expected to hold the largest market share because of investment policies, expanding population, and government initiatives to support the electronics and automobile industries.
  • The global players include Solvay, Hitachi Metals, Umicore, OSRAM Licht, Energy Fuels, American Rare Earth, Arafura Resources, Jingui Silver Industry, Geomega Resources, Urban Mining, and Mitsubishi Electric.

The publisher has segmented the rare earth metal recycling market report based on application, technology, and region:

Rare Earth Metal Recycling, Application Outlook (Revenue - USD Million, 2018 - 2030)

  • Permanent Magnets
  • Alloys
  • Polishing Materials
  • Glass
  • Catalyst
  • Phosphor
  • Ceramics
  • Hydrogen Storage Alloys

Rare Earth Metal Recycling, Technology Outlook (Revenue - USD Million, 2018 - 2030)

  • Hydrometallurgical
  • Pyrometallurgical

Rare Earth Metal Recycling, Regional Outlook (Revenue - USD Million, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Rare Earth Metal Recycling Market

What is the estimated value of the Rare Earth Metal Recycling Market?

The Rare Earth Metal Recycling Market was estimated to be valued at $262.46 million in 2022.

What is the growth rate of the Rare Earth Metal Recycling Market?

The growth rate of the Rare Earth Metal Recycling Market is 11.4%, with an estimated value of $623.39 million by 2030.

What is the forecasted size of the Rare Earth Metal Recycling Market?

The Rare Earth Metal Recycling Market is estimated to be worth $623.39 million by 2030.

Who are the key companies in the Rare Earth Metal Recycling Market?

Key companies in the Rare Earth Metal Recycling Market include Solvay SA, Hitachi Metals, Umicore, OSRAM Licht AG, Energy Fuels, American Rare Earth LLC, Arafura Resources, Chenzhou City Jingui Silver Industry and Urban Mining Company.

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Rare Earth Metal Recycling Market Insights
4.1. Rare Earth Metal Recycling Market - Industry Snapshot
4.2. Rare Earth Metal Recycling Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing demand for clean energy
4.2.1.2. Initiative of association and regulatory bodies
4.2.2. Restraints and Challenges
4.2.2.1. Safety of workers
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Rare Earth Metal Recycling Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Rare Earth Metal Recycling Market, by Application
5.1. Key Findings
5.2. Introduction
5.2.1. Global Rare Earth Metal Recycling, by Application, 2018 - 2030 (USD Million)
5.3. Virtual Permanent Magnets
5.3.1. Global Rare Earth Metal Recycling Market, by Virtual Permanent Magnets, by Region, 2018 - 2030 (USD Million)
5.4. Alloys
5.4.1. Global Rare Earth Metal Recycling Market, by Alloys, by Region, 2018 - 2030 (USD Million)
5.5. Polishing Materials
5.5.1. Global Rare Earth Metal Recycling Market, by Polishing Materials, by Region, 2018 - 2030 (USD Million)
5.6. Glass
5.6.1. Global Rare Earth Metal Recycling Market, by Glass, by Region, 2018 - 2030 (USD Million)
5.7. Catalyst
5.7.1. Global Rare Earth Metal Recycling Market, by Catalyst, by Region, 2018 - 2030 (USD Million)
5.8. Phosphor
5.8.1. Global Rare Earth Metal Recycling Market, by Phosphor, by Region, 2018 - 2030 (USD Million)
5.9. Ceramics
5.9.1. Global Rare Earth Metal Recycling Market, by Ceramics, by Region, 2018 - 2030 (USD Million)
5.10. Hydrogen Storage Alloys
5.10.1.
5.10.1.1. Global Rare Earth Metal Recycling Market, by Hydrogen Storage Alloys, by Region, 2018 - 2030 (USD Million)

6. Global Rare Earth Metal Recycling Market, by Technology
6.1. Key Findings
6.2. Introduction
6.2.1. Global Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
6.3. Hydrometallurgical
6.3.1. Global Rare Earth Metal Recycling Market, by Hydrometallurgical, by Region, 2018 - 2030 (USD Million)
6.4. Pyrometallurgical
6.4.1. Global Rare Earth Metal Recycling Market, by Pyrometallurgical, by Region, 2018 - 2030 (USD Million)

7. Global Rare Earth Metal Recycling Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Rare Earth Metal Recycling Market Assessment, By Geography, 2018 - 2030 (USD Million)
7.3. Rare Earth Metal Recycling Market - North America
7.3.1. North America: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.3.2. North America: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.3.3. Rare Earth Metal Recycling Market - U.S.
7.3.3.1. U.S.: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.3.3.2. U.S.: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.3.4. Rare Earth Metal Recycling Market - Canada
7.3.4.1. Canada: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.3.4.2. Canada: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.4. Rare Earth Metal Recycling Market - Europe
7.4.1. Europe: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.4.2. Europe: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.4.3. Rare Earth Metal Recycling Market - UK
7.4.3.1. UK: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.4.3.2. UK: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.4.4. Rare Earth Metal Recycling Market - France
7.4.4.1. France: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.4.4.2. France: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.4.5. Rare Earth Metal Recycling Market - Germany
7.4.5.1. Germany: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.4.5.2. Germany: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.4.6. Rare Earth Metal Recycling Market - Italy
7.4.6.1. Italy: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.4.6.2. Italy: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.4.7. Rare Earth Metal Recycling Market - Spain
7.4.7.1. Spain: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.4.7.2. Spain: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.4.8. Rare Earth Metal Recycling Market - Netherlands
7.4.8.1. Netherlands: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.4.8.2. Netherlands: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.4.9. Rare Earth Metal Recycling Market - Russia
7.4.9.1. Russia: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.4.9.2. Russia: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.5. Rare Earth Metal Recycling Market - Asia Pacific
7.5.1. Asia Pacific: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.5.2. Asia Pacific: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.5.3. Rare Earth Metal Recycling Market - China
7.5.3.1. China: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.5.3.2. China: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.5.4. Rare Earth Metal Recycling Market - India
7.5.4.1. India: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.5.4.2. India: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.5.5. Rare Earth Metal Recycling Market - Malaysia
7.5.5.1. Malaysia: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.5.5.2. Malaysia: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.5.6. Rare Earth Metal Recycling Market - Japan
7.5.6.1. Japan: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.5.6.2. Japan: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.5.7. Rare Earth Metal Recycling Market - Indonesia
7.5.7.1. Indonesia: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.5.7.2. Indonesia: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.5.8. Rare Earth Metal Recycling Market - South Korea
7.5.8.1. South Korea: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.5.8.2. South Korea: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.6. Rare Earth Metal Recycling Market - Middle East & Africa
7.6.1. Middle East & Africa: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.6.2. Middle East & Africa: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.6.3. Rare Earth Metal Recycling Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.6.3.2. Saudi Arabia: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.6.4. Rare Earth Metal Recycling Market - UAE
7.6.4.1. UAE: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.6.4.2. UAE: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.6.5. Rare Earth Metal Recycling Market - Israel
7.6.5.1. Israel: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.6.5.2. Israel: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.6.6. Rare Earth Metal Recycling Market - South Africa
7.6.6.1. South Africa: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.6.6.2. South Africa: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.7. Rare Earth Metal Recycling Market - Latin America
7.7.1. Latin America: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.7.2. Latin America: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.7.3. Rare Earth Metal Recycling Market - Mexico
7.7.3.1. Mexico: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.7.3.2. Mexico: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.7.4. Rare Earth Metal Recycling Market - Brazil
7.7.4.1. Brazil: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.7.4.2. Brazil: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)
7.7.5. Rare Earth Metal Recycling Market - Argentina
7.7.5.1. Argentina: Rare Earth Metal Recycling Market, by Technology, 2018 - 2030 (USD Million)
7.7.5.2. Argentina: Rare Earth Metal Recycling Market, by Application, 2018 - 2030 (USD Million)

8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles
9.1. Solvay
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Hitachi Metals
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Umicore
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. OSRAM Licht
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Energy Fuels
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. American Rare Earth
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Arafura Resources
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Jingui Silver Industry
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Geomega Resources
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Urban Mining
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Mitsubishi Electric
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development

Companies Mentioned

  • Solvay SA
  • Hitachi Metals
  • Umicore
  • OSRAM Licht AG
  • Energy Fuels
  • American Rare Earth LLC
  • Arafura Resources
  • Chenzhou City Jingui Silver Industry
  • Geomega Resources
  • Urban Mining Company
  • Mitsubishi Electric Corporation