Rare Earth Elements Market - Global Rare Earth Elements Industry Analysis, Size, Share, Growth, Trends, and Forecast 2025-2032 - (By Product Type, By Application, By Geographic Coverage and By Company)

The global rare earth elements (REE) market is undergoing a remarkable transformation as demand continues to surge across various industries. Valued at US$ 6.62 billion in 2025, the market is projected to reach US$ 13.07 billion by the end of 2032, growing at a CAGR of 10.2%, according to Fairfield Market Research.

Table of Contents

1. Executive Summary

• 1.1. Global Rare Earth Elements Market Snapshot
• 1.2. Future Projections
• 1.3. Key Market Trends
• 1.4. Regional Snapshot, by Value, 2025
• 1.5. Analyst Recommendations

2. Market Overview

• 2.1. Market Definitions and Segmentations
• 2.2. Market Dynamics
  • 2.2.1. Drivers
  • 2.2.2. Restraints
  • 2.2.3. Market Opportunities
• 2.3. Value Chain Analysis
• 2.4. COVID-19 Impact Analysis
• 2.5. Porter's Fiver Forces Analysis
• 2.6. Impact of Russia-Ukraine Conflict
• 2.7. PESTLE Analysis
• 2.8. Regulatory Analysis
• 2.9. Price Trend Analysis
  • 2.9.1. Current Prices and Future Projections, 2025-2032
  • 2.9.2. Price Impact Factors

3. Global Rare Earth Elements Market Outlook, 2019-2032

• 3.1. Global Rare Earth Elements Market Outlook, by Product Type, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 3.1.1. Light Rare Earth Elemtns
    • 3.1.1.1. Lanthanum
    • 3.1.1.2. Cerium
    • 3.1.1.3. Neodymium
    • 3.1.1.4. Samarium
    • 3.1.1.5. Praseodymium
    • 3.1.1.6. Misc.
  • 3.1.2. Heavy Rare Earth Elements Market
    • 3.1.2.1. Yttrium
    • 3.1.2.2. Dysprosium
    • 3.1.2.3. Gadolinium
    • 3.1.2.4. Terbium
    • 3.1.2.5. Erbium
    • 3.1.2.6. Misc.
• 3.2. Global Rare Earth Elements Market Outlook, by Application, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 3.2.1. Permanent Magnet
  • 3.2.2. Catalyst
  • 3.2.3. Metallurgy
  • 3.2.4. Polishing Powders
  • 3.2.5. Phosphors
  • 3.2.6. Ceramics
  • 3.2.7. Batteries
  • 3.2.8. Misc.
• 3.3. Global Rare Earth Elements Market Outlook, by Region, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 3.3.1. North America
  • 3.3.2. Europe
  • 3.3.3. Asia Pacific
  • 3.3.4. Latin America
  • 3.3.5. Middle East & Africa

4. North America Rare Earth Elements Market Outlook, 2019-2032

• 4.1. North America Rare Earth Elements Market Outlook, by Product Type, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 4.1.1. Light Rare Earth Elemtns
    • 4.1.1.1. Lanthanum
    • 4.1.1.2. Cerium
    • 4.1.1.3. Neodymium
    • 4.1.1.4. Samarium
    • 4.1.1.5. Praseodymium
    • 4.1.1.6. Misc.
  • 4.1.2. Heavy Rare Earth Elements Market
    • 4.1.2.1. Yttrium
    • 4.1.2.2. Dysprosium
    • 4.1.2.3. Gadolinium
    • 4.1.2.4. Terbium
    • 4.1.2.5. Erbium
    • 4.1.2.6. Misc.
• 4.2. North America Rare Earth Elements Market Outlook, by Application, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 4.2.1. Permanent Magnet
  • 4.2.2. Catalyst
  • 4.2.3. Metallurgy
  • 4.2.4. Polishing Powders
  • 4.2.5. Phosphors
  • 4.2.6. Ceramics
  • 4.2.7. Batteries
  • 4.2.8. Misc.
• 4.3. North America Rare Earth Elements Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 4.3.1. U.S. Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 4.3.2. U.S. Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 4.3.3. Canada Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 4.3.4. Canada Rare Earth Elements Market Outlook, by Application, 2019-2032
• 4.4. BPS Analysis/Market Attractiveness Analysis

5. Europe Rare Earth Elements Market Outlook, 2019-2032

• 5.1. Europe Rare Earth Elements Market Outlook, by Product Type, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 5.1.1. Light Rare Earth Elemtns
    • 5.1.1.1. Lanthanum
    • 5.1.1.2. Cerium
    • 5.1.1.3. Neodymium
    • 5.1.1.4. Samarium
    • 5.1.1.5. Praseodymium
    • 5.1.1.6. Misc.
  • 5.1.2. Heavy Rare Earth Elements Market
    • 5.1.2.1. Yttrium
    • 5.1.2.2. Dysprosium
    • 5.1.2.3. Gadolinium
    • 5.1.2.4. Terbium
    • 5.1.2.5. Erbium
    • 5.1.2.6. Misc.
• 5.2. Europe Rare Earth Elements Market Outlook, by Application, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 5.2.1. Permanent Magnet
  • 5.2.2. Catalyst
  • 5.2.3. Metallurgy
  • 5.2.4. Polishing Powders
  • 5.2.5. Phosphors
  • 5.2.6. Ceramics
  • 5.2.7. Batteries
  • 5.2.8. Misc.
• 5.3. Europe Rare Earth Elements Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 5.3.1. Germany Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 5.3.2. Germany Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 5.3.3. Italy Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 5.3.4. Italy Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 5.3.5. France Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 5.3.6. France Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 5.3.7. U.K. Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 5.3.8. U.K. Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 5.3.9. Spain Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 5.3.10. Spain Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 5.3.11. Russia Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 5.3.12. Russia Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 5.3.13. Rest of Europe Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 5.3.14. Rest of Europe Rare Earth Elements Market Outlook, by Application, 2019-2032
• 5.4. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Rare Earth Elements Market Outlook, 2019-2032

• 6.1. Asia Pacific Rare Earth Elements Market Outlook, by Product Type, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 6.1.1. Light Rare Earth Elemtns
    • 6.1.1.1. Lanthanum
    • 6.1.1.2. Cerium
    • 6.1.1.3. Neodymium
    • 6.1.1.4. Samarium
    • 6.1.1.5. Praseodymium
    • 6.1.1.6. Misc.
  • 6.1.2. Heavy Rare Earth Elements Market
    • 6.1.2.1. Yttrium
    • 6.1.2.2. Dysprosium
    • 6.1.2.3. Gadolinium
    • 6.1.2.4. Terbium
    • 6.1.2.5. Erbium
    • 6.1.2.6. Misc.
• 6.2. Asia Pacific Rare Earth Elements Market Outlook, by Application, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 6.2.1. Permanent Magnet
  • 6.2.2. Catalyst
  • 6.2.3. Metallurgy
  • 6.2.4. Polishing Powders
  • 6.2.5. Phosphors
  • 6.2.6. Ceramics
  • 6.2.7. Batteries
  • 6.2.8. Misc.
• 6.3. Asia Pacific Rare Earth Elements Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 6.3.1. China Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 6.3.2. China Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 6.3.3. Japan Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 6.3.4. Japan Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 6.3.5. South Korea Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 6.3.6. South Korea Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 6.3.7. India Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 6.3.8. India Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 6.3.9. Southeast Asia Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 6.3.10. Southeast Asia Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 6.3.11. Rest of SAO Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 6.3.12. Rest of SAO Rare Earth Elements Market Outlook, by Application, 2019-2032
• 6.4. BPS Analysis/Market Attractiveness Analysis

7. Latin America Rare Earth Elements Market Outlook, 2019-2032

• 7.1. Latin America Rare Earth Elements Market Outlook, by Product Type, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 7.1.1. Light Rare Earth Elemtns
    • 7.1.1.1. Lanthanum
    • 7.1.1.2. Cerium
    • 7.1.1.3. Neodymium
    • 7.1.1.4. Samarium
    • 7.1.1.5. Praseodymium
    • 7.1.1.6. Misc.
  • 7.1.2. Heavy Rare Earth Elements Market
    • 7.1.2.1. Yttrium
    • 7.1.2.2. Dysprosium
    • 7.1.2.3. Gadolinium
    • 7.1.2.4. Terbium
    • 7.1.2.5. Erbium
    • 7.1.2.6. Misc.
• 7.2. Latin America Rare Earth Elements Market Outlook, by Application, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 7.2.1. Permanent Magnet
  • 7.2.2. Catalyst
  • 7.2.3. Metallurgy
  • 7.2.4. Polishing Powders
  • 7.2.5. Phosphors
  • 7.2.6. Ceramics
  • 7.2.7. Batteries
  • 7.2.8. Misc.
• 7.3. Latin America Rare Earth Elements Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 7.3.1. Brazil Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 7.3.2. Brazil Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 7.3.3. Mexico Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 7.3.4. Mexico Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 7.3.5. Argentina Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 7.3.6. Argentina Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 7.3.7. Rest of LATAM Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 7.3.8. Rest of LATAM Rare Earth Elements Market Outlook, by Application, 2019-2032
• 7.4. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Rare Earth Elements Market Outlook, 2019-2032

• 8.1. Middle East & Africa Rare Earth Elements Market Outlook, by Product Type, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 8.1.1. Light Rare Earth Elemtns
    • 8.1.1.1. Lanthanum
    • 8.1.1.2. Cerium
    • 8.1.1.3. Neodymium
    • 8.1.1.4. Samarium
    • 8.1.1.5. Praseodymium
    • 8.1.1.6. Misc.
  • 8.1.2. Heavy Rare Earth Elements Market
    • 8.1.2.1. Yttrium
    • 8.1.2.2. Dysprosium
    • 8.1.2.3. Gadolinium
    • 8.1.2.4. Terbium
    • 8.1.2.5. Erbium
    • 8.1.2.6. Misc.
• 8.2. Middle East & Africa Rare Earth Elements Market Outlook, by Application, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 8.2.1. Permanent Magnet
  • 8.2.2. Catalyst
  • 8.2.3. Metallurgy
  • 8.2.4. Polishing Powders
  • 8.2.5. Phosphors
  • 8.2.6. Ceramics
  • 8.2.7. Batteries
  • 8.2.8. Misc.
• 8.3. Middle East & Africa Rare Earth Elements Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
  • 8.3.1. GCC Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 8.3.2. GCC Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 8.3.3. South Africa Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 8.3.4. South Africa Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 8.3.5. Egypt Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 8.3.6. Egypt Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 8.3.7. Nigeria Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 8.3.8. Nigeria Rare Earth Elements Market Outlook, by Application, 2019-2032
  • 8.3.9. Rest of Middle East Rare Earth Elements Market Outlook, by Product Type, 2019-2032
  • 8.3.10. Rest of Middle East Rare Earth Elements Market Outlook, by Application, 2019-2032
• 8.4. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

• 9.1. Company Vs Segment Heatmap
• 9.2. Company Market Share Analysis, 2025
• 9.3. Competitive Dashboard
• 9.4. Company Profiles
  • 9.4.1. Lynas Rare Earth Ltd.
    • 9.4.1.1. Company Overview
    • 9.4.1.2. Product Portfolio
    • 9.4.1.3. Financial Overview
    • 9.4.1.4. Business Strategies and Developments
  • 9.4.2. China Rare Earth Holding Ltd.
    • 9.4.2.1. Company Overview
    • 9.4.2.2. Product Portfolio
    • 9.4.2.3. Financial Overview
    • 9.4.2.4. Business Strategies and Developments
  • 9.4.3. Jiangxi Copper Co. Ltd.
    • 9.4.3.1. Company Overview
    • 9.4.3.2. Product Portfolio
    • 9.4.3.3. Financial Overview
    • 9.4.3.4. Business Strategies and Developments
  • 9.4.4. China Minmetals Rare Earth Co. Ltd.
    • 9.4.4.1. Company Overview
    • 9.4.4.2. Product Portfolio
    • 9.4.4.3. Financial Overview
    • 9.4.4.4. Business Strategies and Developments
  • 9.4.5. Xiamen Tungsten Co. Ltd.
    • 9.4.5.1. Company Overview
    • 9.4.5.2. Product Portfolio
    • 9.4.5.3. Financial Overview
    • 9.4.5.4. Business Strategies and Developments
  • 9.4.6. Guangdong Rare Earth Industry Grp Co. Ltd.
    • 9.4.6.1. Company Overview
    • 9.4.6.2. Product Portfolio
    • 9.4.6.3. Financial Overview
    • 9.4.6.4. Business Strategies and Developments
  • 9.4.7. Grinm Advanced Materials Co Ltd.
    • 9.4.7.1. Company Overview
    • 9.4.7.2. Product Portfolio
    • 9.4.7.3. Financial Overview
    • 9.4.7.4. Business Strategies and Developments
  • 9.4.8. MP Materials
    • 9.4.8.1. Company Overview
    • 9.4.8.2. Product Portfolio
    • 9.4.8.3. Financial Overview
    • 9.4.8.4. Business Strategies and Developments
  • 9.4.9. Shenghe Resources holding Co. Ltd.
    • 9.4.9.1. Company Overview
    • 9.4.9.2. Product Portfolio
    • 9.4.9.3. Financial Overview
    • 9.4.9.4. Business Strategies and Developments
  • 9.4.10. IREL Ltd.
    • 9.4.10.1. Company Overview
    • 9.4.10.2. Product Portfolio
    • 9.4.10.3. Financial Overview
    • 9.4.10.4. Business Strategies and Developments

10. Appendix

• 10.1. Research Methodology
• 10.2. Report Assumptions
• 10.3. Acronyms and Abbreviations