Rare Earth Metals Market Size, Share, Trends, and Analysis by Product (Cerium, Lanthanum, Neodymium, and Others), Application (Magnets, Catalysts, Polishing Powders, Batteries, and Others), Region, and Segment Forecast, 2023-2030

Abstract

The rising popularity of electric vehicles and increasing installations of wind turbines are projected to remain the key driver for the growth of rare earth metals market space over the forecast period.

The rare earth metals market will be evaluated at 193.3 thousand tonnes in 2023 and is expected to grow at a CAGR of more than 4.2% over the forecast period (2023-2030). The rare earth metals market report provides an executive-level overview of the rare earth metals industry worldwide today, with detailed forecasts of key indicators up to 2030.

According to GlobalData estimates, the rare earth metals market will be evaluated at 193.3 thousand tonnes in 2023 and is expected to grow at a CAGR of 4.2% over the forecast period (2023-2030). The rising popularity of these minerals in the development of clean and sustainable technologies is expected to aid the market growth over the near term.

Scope

The market intelligence report provides an in-depth analysis of the following -

• Rare earth metals market outlook: analysis as well as historical figures and forecasts of volume opportunities from the product, application, and regional segments
• The competitive landscape: an examination of the positioning of leading players in the rare earth metals market
• Company Analysis: analysis of the market position of leading providers in the rare earth metals market
• Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.

Reasons to Buy

• This market intelligence report offers a thorough, forward-looking analysis of the global rare earth metals market by product, application, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData's Forecast products, the report examines the assumptions, drivers, deals, strategic initiatives and trend analysis in rare earth metals markets.
• Detailed segmentation by product - Cerium, Lanthanum, Neodymium, Praseodymium, Dysprosium, Samarium, and Others. Further, the report also highlights segmentation at application level - Magnets, Catalysts, Polishing Powders, Batteries, and Others.
• The report includes 30+ charts and tables providing in-depth analysis of the market size, forecast and supporting factors which are tailor-made for an executive-level audience, with enhanced presentation quality.
• The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in Rare Earth Metals market.
• The report evaluates the entire value chain of the rare earth metals market space while highlighting the key players of the industry.
• The report offers a list of key upcoming projects bifurcated by region. In addition, the supply or production related trends are presented for key countries or regions.