Rare Earth Metals Leaching Chemicals Market by Chemical Type, Metal Type, Application

Description

List of Tables

[193 Pages Report] The Rare Earth Metals Leaching Chemicals Market size was estimated at USD 496.90 million in 2023 and expected to reach USD 523.49 million in 2024, at a CAGR 5.38% to reach USD 717.27 million by 2030.

Global Rare Earth Metals Leaching Chemicals Market

KEY MARKET STATISTICS
Base Year [2023]	USD 496.90 million
Estimated Year [2024]	USD 523.49 million
Forecast Year [2030]	USD 717.27 million
CAGR (%)	5.38%

Rare Earth Metals Leaching Chemicals Market - IMG1

The rare earth metals refer to a set of seventeen metallic elements and are categorized into light elements (lanthanum to samarium) and heavy elements (europium to lutetium). Various acids used as leaching agents in the recovery of rare earth from phosphate rock by hydrometallurgical processes, such as sulphuric acid (H2SO4), Nitric acid (HNO3), phosphoric acid (H3PO4), and hydrochloric acid( HCL) are referred to as rare earth metals leaching chemicals. The rising demand for rare earth metals in microelectronics, semiconductor, and technology devices has necessitated the deployment of leaching chemicals to acquire the essential rare earth metals. Furthermore, government initiatives to accelerate the mining of rare earth metals have cemented the growth and adoption of leaching chemicals and leaching technology. However, environmental and sustainability concerns and public health issues pose regulatory and legal hurdles to the growth of rare earth metal-leaching chemicals. Additionally, the unreliability of leaching chemicals and the inability of chemicals to achieve adequate separation of rare earth metals impede the widespread adoption of rare earth metals leaching chemicals. However, major players are constantly investing to improve the sustainability of leaching technologies and have invested in the development of sustainable sulphuric acid and sustainable hydrochloric acid technology plants. Additionally, private partnerships to accelerate the extraction of rare earth metals and advancements in leaching technologies through the adoption of AI/ML technologies can significantly improve the reliability and accuracy of leaching metals.

Regional Insights

The Americas region is characterized by the presence of advanced chemical plants and leaching equipment, driving the growth of leaching chemicals in this region. Furthermore, the rising adoption of electronic gadgets, rampant digitization efforts, and the presence of major technological businesses created a need for rare earth metals and associated leaching chemicals. Major European Union nations favor sustainable mining practices and leaching methodologies, which has driven the adoption of environmentally conscious leaching chemicals. European countries, including Germany, the U.K., and France, are involved in R&D initiatives to improve the functionality of leaching chemicals. Government and private initiatives to explore and discover rare earth metal deposits in Europe have been successfully carried out. In the APAC region, countries such as India and China, rare earth metal mining has been supported by government initiatives to reduce dependence on international trade, cementing the national demand for leaching chemicals. Additionally, China, India, and Vietnam are some of the largest producers of rare earth metals, owing to their diverse mining sectors and geological treasures. The presence of a burgeoning semiconductor industry and an evolving startup ecosystem also contribute to accelerating the demand for rare earth metal-leaching chemicals.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Rare Earth Metals Leaching Chemicals Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Rare Earth Metals Leaching Chemicals Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Rare Earth Metals Leaching Chemicals Market, highlighting leading vendors and their innovative profiles. These include Advanced Engineering Materials Limited, American Elements, ANHUI FITECH MATERIALS CO., LTD., Aurubis AG, Avalon Advanced Materials Inc., BASF SE, CHENGDU BEYOND CHEMICAL CO., LTD., Gujarat Alkalies and Chemical Limited, Haihang Industry Co., Ltd., Iwatani Corporation, Lanxess AG, Luossavaara-Kiirunavaara Aktiebolag, Lynas Rare Earths Ltd, MP Materials Corporation, Nanografi Nano Technology, NIPPON YTTRIUM CO.,LTD, Olin Corporation, Otto Chemie Pvt Ltd., Oxy Chemical Corporation, Pacific Industrial Development Corporation, Shanghai Gona Industrial Co., Ltd., Shin-Etsu Chemical Co., Ltd., Solvay S.A., Stanford Materials Corporation, UBE Corporation, and Xinglu Chemical.

Market Segmentation & Coverage

This research report categorizes the Rare Earth Metals Leaching Chemicals Market to forecast the revenues and analyze trends in each of the following sub-markets:

Chemical Type
- Acetic Acid
- Ammonium Sulfate
- Citric Acid
- Hydrochloric Acid
- Sodium Hydroxide
- Sulfuric Acid
Metal Type
- Heavy Rare Earth Metal
- Light Rare Earth Metal
Application
- Rare Earth Metal Extraction
- Rare Earth Metal Recycling
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Rare Earth Metals Leaching Chemicals Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Rare Earth Metals Leaching Chemicals Market?

3. What are the technology trends and regulatory frameworks in the Rare Earth Metals Leaching Chemicals Market?

4. What is the market share of the leading vendors in the Rare Earth Metals Leaching Chemicals Market?

5. Which modes and strategic moves are suitable for entering the Rare Earth Metals Leaching Chemicals Market?

Product Code: MRR-2E76C3E47F8E

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Rare Earth Metals Leaching Chemicals Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising utilization of rare earth metals in technology devices and electronic components
  - 5.1.1.2. Government initiatives to expand mining operations of rare earth elements and metals
- 5.1.2. Restraints
  - 5.1.2.1. Environmental concerns about the use of toxic leaching chemicals
- 5.1.3. Opportunities
  - 5.1.3.1. Development of sustainable leaching chemical technology plants
  - 5.1.3.2. Private partnerships to accelerate the extraction of rare earth metals and advancements in leaching technologies
- 5.1.4. Challenges
  - 5.1.4.1. Chances of incomplete separation of metals and technical limitations of using leaching chemicals
5.2. Market Segmentation Analysis
- 5.2.1. Chemical Type: Rising use of hydrochloric acid to achieve superior rare earth metal extraction
- 5.2.2. Metal Type: Growing demand for heavy rare earth metals due to the limited occurrence

5.2.3. Application:

5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Rare Earth Metals Leaching Chemicals Market, by Chemical Type

6.1. Introduction
6.2. Acetic Acid
6.3. Ammonium Sulfate
6.4. Citric Acid
6.5. Hydrochloric Acid
6.6. Sodium Hydroxide
6.7. Sulfuric Acid

7. Rare Earth Metals Leaching Chemicals Market, by Metal Type

7.1. Introduction
7.2. Heavy Rare Earth Metal
7.3. Light Rare Earth Metal

8. Rare Earth Metals Leaching Chemicals Market, by Application

8.1. Introduction
8.2. Rare Earth Metal Extraction
8.3. Rare Earth Metal Recycling

9. Americas Rare Earth Metals Leaching Chemicals Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Rare Earth Metals Leaching Chemicals Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Rare Earth Metals Leaching Chemicals Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Sumitomo Expands Sulfuric Acid Business in U.S. with Acquisition of Saconix
- 12.3.2. Investment & Funding
  - 12.3.2.1. Geomega to Centralize its Activities in St Hubert, Quebec; New R&D Funding for HCl recycling for REE and Sc extraction & Demo Plant Update
- 12.3.3. Award, Recognition, & Expansion
  - 12.3.3.1. Installing sustainable sulphuric acid technology for Arafura

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Advanced Engineering Materials Limited
- 13.1.2. American Elements
- 13.1.3. ANHUI FITECH MATERIALS CO., LTD.
- 13.1.4. Aurubis AG
- 13.1.5. Avalon Advanced Materials Inc.
- 13.1.6. BASF SE
- 13.1.7. CHENGDU BEYOND CHEMICAL CO., LTD.
- 13.1.8. Gujarat Alkalies and Chemical Limited
- 13.1.9. Haihang Industry Co., Ltd.
- 13.1.10. Iwatani Corporation
- 13.1.11. Lanxess AG
- 13.1.12. Luossavaara-Kiirunavaara Aktiebolag
- 13.1.13. Lynas Rare Earths Ltd
- 13.1.14. MP Materials Corporation
- 13.1.15. Nanografi Nano Technology
- 13.1.16. NIPPON YTTRIUM CO.,LTD
- 13.1.17. Olin Corporation
- 13.1.18. Otto Chemie Pvt Ltd.
- 13.1.19. Oxy Chemical Corporation
- 13.1.20. Pacific Industrial Development Corporation
- 13.1.21. Shanghai Gona Industrial Co., Ltd.
- 13.1.22. Shin-Etsu Chemical Co., Ltd.
- 13.1.23. Solvay S.A.
- 13.1.24. Stanford Materials Corporation
- 13.1.25. UBE Corporation
- 13.1.26. Xinglu Chemical
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing