Rare Earth Metals Market Size, Share & Forecast to 2029

The rare earth metal market size is projected to grow from USD 6.0 billion in 2024 and is projected to reach USD 10.9 Billion by 2029, at a CAGR of 12.6%.

Rare-earth metals have diverse applications across industries such as permanent magnets, catalysts, glass polishing powder and additives, batteries, metallurgy, ceramics, phosphors, and pigments. Rare-earth permanent magnets are used in both traditional and hybrid vehicles, with hybrid electric vehicles (HEVs) anticipated to boost demand for these magnets due to their higher usage per vehicle.

The renewable energy sector, including wind, solar, and electric vehicle technologies, relies heavily on rare-earth metals for producing high-performance magnets essential for generators, motors, and other components. Key rare-earth elements like neodymium, praseodymium, and dysprosium are vital for manufacturing these magnets, which are critical for efficient renewable energy generation and transmission. The global shift towards cleaner and more sustainable energy sources has increased the demand for renewable energy technologies, subsequently raising the demand for rare-earth metals.

In terms of value, Neodymium oxide segment is projected to lead the global rare-earth metals market through 2029.

The Neodymium oxide segment is expected to dominate the rare-earth metals market by value during the forecast period. Neodymium oxide is important for manufacturing magnets used in modern vehicles, aircraft, and popular consumer electronics like headphones, microphones, and computer disks. It plays a key role in high-strength permanent magnets, known as neodymium-iron-boron (NdFeB) magnets, which are among the world's strongest. The growing adoption of clean energy applications has propelled the market's growth.

The Permanent Magnet segment is projected to be the fastest-growing segment by applications throughout the forecast period.

The permanent magnet industry is the largest consumer of rare-earth elements. Magnets made from neodymium, praseodymium, and dysprosium are the strongest known permanent magnets. The automotive market drives significant demand for these magnets, especially for hybrid car engines and the expanding wind power turbine industry. Permanent magnets are also required in regular power plants. These magnets are favored in major industrial and consumer electronics markets. They are used in actuators for missile, satellite, and aircraft control systems. Neodymium-iron-boron permanent magnets are applied in wind turbines and electric motors. Samarium cobalt magnets are ideal for high-strength, high-temperature applications such as accelerometers, gyroscopes, magnetic bearings, couplers, actuators, high-performance pumps, and mixers.

In terms of value, the Asia Pacific rare-earth metals market is projected to grow at the highest CAGR during the forecast period.

The Asia-Pacific (APAC) region is the leading producer and consumer of rare-earth metals globally, with nearly all major manufacturers and end-use companies located there. The region has experienced significant growth in recent years due to a rising population, favorable investment policies, expanding economies, and government efforts to support the electronics and automobile industries. APAC leads in total rare-earth material consumption, primarily driven by China's substantial global rare-earth demand. The region is also poised for the fastest consumption growth due to increased industrialization and extraction activities in China. According to the World Bank, APAC is the fastest-growing region in terms of both population and economic expansion.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the rare earth metals market.

By Company Type: Tier 1: 40%, Tier 2: 25%, and Tier 3: 35%
By Designation: C Level: 35%, Director Level: 30%, and Others: 35%
By Region: North America: 25%, Europe: 20%, APAC: 45%, and Rest of the World: 10%

The global rare earth metals market comprises major manufacturers, such as Lynas Rare Earths Ltd. (Australia), Australian Strategic Materials Ltd. (Australia), Arafura Rare Earths (Australia), China Rare Earth Holdings Limited (China), Avalon Advanced Materials Inc. (Canada), Bataou HEFA Rare Earth Co. Ltd (China), Canada Rare Earth Corporation (Canada), Northern Minerals Limited (Australia), MP Materials (US), and Shenghe Resources Hording Co., Ltd (China), among others.

Research Coverage

The market study covers the rare earth metals market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the rare earth metals market.

Key Benefits of Buying the Report

The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall rare earth metals market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Growing demand in the current and emerging applications, Growing renewable energy sector, and Initiatives of associations & regulatory bodies), restraints (Fluctuations in the cost of rare earth metals, and Dominance of China in the rare earth metals market), opportunities (Recycling and reuse of rare earth metals) and challenges (Safety of workers in the rare earth elements mining, and Impact on Environment).
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the rare earth metals market
Market Development: Comprehensive information about lucrative markets - the report analyses the rare earth metals market across varied regions
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the rare earth metals market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Lynas Rare Earths Ltd. (Australia), Australian Strategic Materials Ltd. (Australia), Arafura Rare Earths (Australia), China Rare Earth Holdings Limited (China), Avalon Advanced Materials Inc. (Canada), Bataou HEFA Rare Earth Co. Ltd (China), Canada Rare Earth Corporation (Canada), Northern Minerals Limited (Australia), MP Materials (US), and Shenghe Resources Hording Co., Ltd (China), among others in the rare earth metals market. The report also helps stakeholders understand the pulse of the Rare earth metals market and provides them with information on key market drivers, restraints, challenges, and opportunities.

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Study Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology

2.1 Research Data
Figure 1 Rare Earth Metals Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
Figure 2 List of Stakeholders and Breakdown of Interviews with Experts
2.2 Market Size Estimation
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Market Size Estimation: Supply Side
2.3 Data Triangulation
Figure 6 Data Triangulation
2.4 Research Assumptions
2.5 Impact of Recession
2.6 Risk Assessment
2.7 Research Limitations
2.8 Growth Rate Assumptions/Growth Forecast

3 Executive Summary

Figure 7 Neodymium Oxide Type to Account for Largest Market During Forecast Period
Figure 8 Permanent Magnets Segment to Dominate Market During Forecast Period
Figure 9 Asia-Pacific to Grow at Highest CAGR in Rare Earth Metals Market

4 Premium Insights

4.1 Attractive Opportunities for Players in Rare Earth Metals Market
Figure 10 Increasing Demand for Electric Vehicles to Drive Rare Earth Metals Market
4.2 Rare Earth Metals Market, by Type
Figure 11 Cerium Oxide Segment to Lead Rare Earth Metals Market
4.3 Rare Earth Metals Market, by Application
Figure 12 Permanent Magnets Segment to Lead Rare Earth Metals Market
4.4 Rare Earth Metals Market, by Region and Application
Figure 13 Asia-Pacific and Permanent Magnets Segment Led Market in 2023
4.5 Rare Earth Metals Market, by Country
Figure 14 Rare Earth Metals Market in China to Grow at Highest CAGR from 2024 to 2029

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
Figure 15 Rare Earth Metals Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rising Demand for Current and Emerging Applications
Figure 16 Global Automobile Production Data, 2013-2023
Figure 17 Electric Cars Sold Globally, 2012-2022
5.2.1.2 Growing Renewable Energy Sector
Figure 18 Global Installed Wind Energy Capacity, 2012-2022
Figure 19 Outlook for New Wind Energy Capacity Installations, 2022-2027
5.2.1.3 Initiatives by Associations and Regulatory Bodies
5.2.2 Restraints
5.2.2.1 Fluctuations in Costs of Rare Earth Metals
5.2.2.2 Dominance of China in Market
5.2.3 Opportunities
5.2.3.1 Recycling and Reuse of Rare Earth Metals
5.2.4 Challenges
5.2.4.1 Safety of Workers in Mining
5.2.4.2 Impact on Environment

6 Industry Trends

6.1 Porter's Five Forces Analysis
Figure 20 Porter's Five Forces Analysis
Table 1 Rare Earth Metals Market: Porter's Five Forces Analysis
6.1.1 Threat of New Entrants
6.1.2 Threat of Substitutes
6.1.3 Bargaining Power of Suppliers
6.1.4 Bargaining Power of Buyers
6.1.5 Intensity of Competitive Rivalry
6.2 Value Chain Analysis
Figure 21 Value Chain Analysis
6.3 Key Markets for Import and Export (Trade Analysis)
6.3.1 Export Scenario
Figure 22 Rare Earth Metals, Scandium, and Yttrium, Whether or Not Intermixed or Interalloyed, Export, by Key Country, 2018-2022
6.3.2 Import Scenario
Figure 23 Rare Earth Metals, Scandium, and Yttrium, Whether or Not Intermixed or Interalloyed, Import, by Key Country, 2018-2022
6.4 Macroeconomic Overview
6.4.1 Global GDP Outlook
Table 2 Global GDP Growth Projection, 2019-2026 (USD Billion)
6.4.2 Trends and Forecast of Global Wind Power Capacity
Figure 24 Country-Wise Wind Power Capacity, 2022
6.4.3 Trends and Forecast of Global Electric Vehicles Sold
Figure 25 Country-Wise New Electric Vehicles Sold, 2022
6.5 Technology Analysis
6.5.1 Key Technologies
6.5.1.1 Ligand-Assisted Displacement (Lad) Chromatography
6.5.1.2 Bioleaching
6.5.1.3 Biosorption
6.5.2 Complementary Technologies
6.5.2.1 Siderophores
6.5.2.2 Supercritical Co2
6.6 Tariff and Regulatory Landscape
6.6.1 Tariff Related to Rare Earth Metals Market
Table 3 Average Tariff Rate, by Country
6.6.2 Regulatory Bodies, Government Agencies, and Other Organizations
Table 4 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 5 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 6 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Middle East & Africa: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 South America: List of Regulatory Bodies, Government Agencies, and Other Organizations
6.7 Case Study Analysis
Table 9 Rare Earth Elements in Circular Economy: Case of Yttrium
Table 10 Neodymium Magnets Ensure Safety of Displayed Products and Optimize Floor Space
Table 11 Maximizing Permanent Magnet Motor Efficiency with Magcam Technology
6.8 Trends and Disruptions Impacting Customer Business
Figure 26 Recycling, Cost-Effectiveness to Change Future Revenue Mix of Suppliers
6.9 Key Conferences and Events, 2024-2025
Table 12 Rare Earth Metals Market: Detailed List of Conferences & Events, 2024-2025
6.10 Key Stakeholders and Buying Criteria
6.10.1 Key Stakeholders in Buying Process
Figure 27 Influence of Stakeholders on Buying Process of Top Applications
Table 13 Influence of Stakeholders on Buying Process for Rare Earth Metals Market
6.10.2 Buying Criteria
Figure 28 Key Buying Criteria for Top Applications
Table 14 Key Buying Criteria
6.11 Market Mapping/Ecosystem Map
Table 15 Ecosystem
Figure 29 Ecosystem Map
6.12 Patent Analysis
6.12.1 Introduction
6.12.2 Methodology
Figure 30 Number of Patents Granted for Rare Earth Metals Market, 2013-2023
Figure 31 Regional Analysis of Patents Granted for Rare Earth Metals, 2013-2023
Table 16 Few Patents in Rare Earth Metals Market, 2022-2023
6.13 Pricing Analysis
6.13.1 Average Selling Price Trend of Key Players, by Type
Table 17 Average Selling Price of Key Players, by Type (USD/Ton)
Table 18 Average Selling Price of Rare Earth Metals, by Type (USD/Ton), 2023
6.14 Automotive Industry Investment and Funding Scenario
6.14.1 Investor Deals and Funding in Automotive Soared in 2021

7 Rare Earth Metals Market, by Type

7.1 Introduction
Figure 32 Neodymium Oxide Segment to Lead Market
Table 19 Rare Earth Metals Market, by Type, 2018-2021 (USD Million)
Table 20 Rare Earth Metals Market, by Type, 2018-2021 (Metric Ton)
Table 21 Rare Earth Metals Market, by Type, 2022-2029 (USD Million)
Table 22 Rare Earth Metals Market, by Type, 2022-2029 (Metric Ton)
7.2 Lanthanum Oxide
7.2.1 Highest Demand for Glass and Camera Lenses to Drive Market
Table 23 Lanthanum Oxide Market, by Application, 2022-2029 (USD Million)
Table 24 Lanthanum Oxide Market, by Application, 2022-2029 (Metric Ton)
7.3 Cerium Oxide
7.3.1 Extensive Use as Catalyst in Automotive Exhaust Systems to Drive Market
Table 25 Cerium Oxide Market, by Application, 2022-2029 (USD Million)
Table 26 Cerium Oxide Market, by Application, 2022-2029 (Metric Ton)
7.4 Praseodymium Oxide
7.4.1 Excellent Optical, Magnetic, Electrical, and Chemical Properties to Drive Market
Table 27 Praseodymium Oxide Market, by Application, 2022-2029 (USD Million)
Table 28 Praseodymium Oxide Market, by Application, 2022-2029 (Metric Ton)
7.5 Neodymium Oxide
7.5.1 Demand for Strongest Permanent Magnets to Drive Market
Table 29 Neodymium Oxide Market, by Application, 2022-2029 (USD Million)
Table 30 Neodymium Oxide Market, by Application, 2022-2029 (Metric Ton)
7.6 Samarium Oxide
7.6.1 Use in Permanent Magnets for Defense and Commercial Technologies to Drive Market
Table 31 Samarium Oxide Market, by Application, 2022-2029 (USD Million)
Table 32 Samarium Oxide Market, by Application, 2022-2029 (Metric Ton)
7.7 Europium Oxide
7.7.1 Demand for Lcd Television Sets to Drive Market
Table 33 Europium Oxide Market, by Application, 2022-2029 (USD Million)
Table 34 Europium Oxide Market, by Application, 2022-2029 (Metric Ton)
7.8 Gadolinium Oxide
7.8.1 Major Contribution to Modern Healthcare Solutions to Drive Market
Table 35 Gadolinium Oxide Market, by Application, 2022-2029 (USD Million)
Table 36 Gadolinium Oxide Market, by Application, 2022-2029 (Metric Ton)
7.9 Terbium Oxide
7.9.1 Vital Component in Defense and Commercial Technologies to Drive Market
Table 37 Terbium Oxide Market, by Application, 2022-2029 (USD Million)
Table 38 Terbium Oxide Market, by Application, 2022-2029 (Metric Ton)
7.10 Dysprosium Oxide
7.10.1 Demand for Lasers and Commercial Lighting to Drive Market
Table 39 Dysprosium Oxide Market, by Application, 2022-2029 (USD Million)
Table 40 Dysprosium Oxide Market, by Application, 2022-2029 (Metric Ton)
7.11 Yttrium Oxide
7.11.1 Production of Superconductors, Pulsed Lasers, and Cancer Treatment Drugs to Drive Market
Table 41 Yttrium Oxide Market, by Application, 2022-2029 (USD Million)
Table 42 Yttrium Oxide Market, by Application, 2022-2029 (Metric Ton)
7.12 Other Types
Table 43 Other Oxide Types Market, by Application, 2022-2029 (USD Million)
Table 44 Other Oxide Types Market, by Application, 2022-2029 (Metric Ton)

8 Rare Earth Metals Market, by Application

8.1 Introduction
Figure 33 Permanent Magnets Segment to Lead Market During Forecast Period
Table 45 Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 46 Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
8.2 Permanent Magnets
8.2.1 Rising Automotive Market to Drive Demand
Table 47 Permanent Magnets Market, by Type, 2022-2029 (USD Million)
Table 48 Permanent Magnets Market, by Type, 2022-2029 (Metric Ton)
8.3 Catalysts
8.3.1 Extensive Use in Automotive Exhaust Systems to Drive Market
Table 49 Catalysts Market, by Type, 2022-2029 (USD Million)
Table 50 Catalysts Market, by Type, 2022-2029 (Metric Ton)
8.4 Glass Polishing
8.4.1 Rising Demand for Glass Polishing for Lcd Screens, Ophthalmic, and Flat Glass End-use Industries to Drive Market
Table 51 Glass Polishing Market, by Type, 2022-2029 (USD Million)
Table 52 Glass Polishing Market, by Type, 2022-2029 (Metric Ton)
8.5 Phosphors
8.5.1 Increasing Demand for Fluorescent and Led Lamps to Drive Market
Table 53 Phosphors Market, by Type, 2022-2029 (USD Million)
Table 54 Phosphors Market, by Type, 2022-2029 (Metric Ton)
8.6 Ceramics
8.6.1 Requirement of Ceramics in Industrial Electronics to Drive Market
Table 55 Ceramics Market, by Type, 2022-2029 (USD Million)
Table 56 Ceramics Market, by Type, 2022-2029 (Metric Ton)
8.7 Metal Alloys
8.7.1 Enhancement of Physical Properties of Alloys to Drive Market
Table 57 Metal Alloys Market, by Type, 2022-2029 (USD Million)
Table 58 Metal Alloys Market, by Type, 2022-2029 (Metric Ton)
8.8 Glass Additives
8.8.1 Improvement of Refractive Index of Glass to Drive Market
Table 59 Glass Additives Market, by Type, 2022-2029 (USD Million)
Table 60 Glass Additives Market, by Type, 2022-2029 (Metric Ton)
8.9 Other Applications
Table 61 Other Applications Market, by Type, 2022-2029 (USD Million)
Table 62 Other Applications Market, by Type, 2022-2029 (Metric Ton)

9 Rare Earth Metals Market, by Region

9.1 Introduction
Figure 34 China to be Fastest-Growing Market During Forecast Period
Table 63 Rare Earth Metals Market, by Region, 2022-2029 (USD Million)
Table 64 Rare Earth Metals Market, by Region, 2022-2029 (Metric Ton)
9.2 Asia-Pacific
9.2.1 Impact of Recession
Figure 35 Asia-Pacific: Rare Earth Metals Market Snapshot
Table 65 Asia-Pacific: Rare Earth Metals Market, by Country, 2022-2029 (USD Million)
Table 66 Asia-Pacific: Rare Earth Metals Market, by Country, 2022-2029 (Metric Ton)
Table 67 Asia-Pacific: Rare Earth Metals Market, by Type, 2022-2029 (USD Million)
Table 68 Asia-Pacific: Rare Earth Metals Market, by Type, 2022-2029 (Metric Ton)
Table 69 Asia-Pacific: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 70 Asia-Pacific: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
Table 71 Asia-Pacific: Permanent Magnets Market, by Type, 2022-2029 (USD Million)
Table 72 Asia-Pacific: Permanent Magnets Market, by Type, 2022-2029 (Metric Ton)
Table 73 Asia-Pacific: Catalysts Market, by Type, 2022-2029 (USD Million)
Table 74 Asia-Pacific: Catalysts Market, by Type, 2022-2029 (Metric Ton)
Table 75 Asia-Pacific: Glass Polishing Market, by Type, 2022-2029 (USD Million)
Table 76 Asia-Pacific: Glass Polishing Market, by Type, 2022-2029 (Metric Ton)
Table 77 Asia-Pacific: Phosphors Market, by Type, 2022-2029 (USD Million)
Table 78 Asia-Pacific: Phosphors Market, by Type, 2022-2029 (Metric Ton)
Table 79 Asia-Pacific: Ceramics Market, by Type, 2022-2029 (USD Million)
Table 80 Asia-Pacific: Ceramics Market, by Type, 2022-2029 (Metric Ton)
Table 81 Asia-Pacific: Metal Alloys Market, by Type, 2022-2029 (USD Million)
Table 82 Asia-Pacific: Metal Alloys Market, by Type, 2022-2029 (Metric Ton)
Table 83 Asia-Pacific: Glass Additives Market, by Type, 2022-2029 (USD Million)
Table 84 Asia-Pacific: Glass Additives Market, by Type, 2022-2029 (Metric Ton)
Table 85 Asia-Pacific: Other Applications Market, by Type, 2022-2029 (USD Million)
Table 86 Asia-Pacific: Other Applications Market, by Type, 2022-2029 (Metric Ton)
Table 87 Asia-Pacific: Cerium Oxide Market, by Application, 2022-2029 (USD Million)
Table 88 Asia-Pacific: Cerium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 89 Asia-Pacific: Lanthanum Oxide Market, by Application, 2022-2029 (USD Million)
Table 90 Asia-Pacific: Lanthanum Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 91 Asia-Pacific: Neodymium Oxide Market, by Application, 2022-2029 (USD Million)
Table 92 Asia-Pacific: Neodymium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 93 Asia-Pacific: Yttrium Oxide Market, by Application, 2022-2029 (USD Million)
Table 94 Asia-Pacific: Yttrium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 95 Asia-Pacific: Praseodymium Oxide Market, by Application, 2022-2029 (USD Million)
Table 96 Asia-Pacific: Praseodymium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 97 Asia-Pacific: Samarium Oxide Market, by Application, 2022-2029 (USD Million)
Table 98 Asia-Pacific: Samarium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 99 Asia-Pacific: Gadolinium Oxide Market, by Application, 2022-2029 (USD Million)
Table 100 Asia-Pacific: Gadolinium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 101 Asia-Pacific: Dysprosium Oxide Market, by Application, 2022-2029 (USD Million)
Table 102 Asia-Pacific: Dysprosium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 103 Asia-Pacific: Terbium Oxide Market, by Application, 2022-2029 (USD Million)
Table 104 Asia-Pacific: Terbium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 105 Asia-Pacific: Europium Oxide Market, by Application, 2022-2029 (USD Million)
Table 106 Asia-Pacific: Europium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 107 Asia-Pacific: Other Oxides Market, by Application, 2022-2029 (USD Million)
Table 108 Asia-Pacific: Other Oxides Market, by Application, 2022-2029 (Metric Ton)
9.2.2 China
9.2.2.1 Largest Consumer and Producer of Rare Earth Metals
Table 109 China: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 110 China: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
9.2.3 Japan
9.2.3.1 New Sources of Rare Earth Metals to Enable Self-Sufficiency
Table 111 Japan: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 112 Japan: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
9.2.4 Rest of Asia-Pacific
Table 113 Rest of Asia-Pacific: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 114 Rest of Asia-Pacific: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
9.3 North America
9.3.1 Impact of Recession
Table 115 North America: Rare Earth Metals Market, by Country, 2022-2029 (USD Million)
Table 116 North America: Rare Earth Metals Market, by Country, 2022-2029 (Metric Ton)
Table 117 North America: Rare Earth Metals Market, by Type, 2022-2029 (USD Million)
Table 118 North America: Rare Earth Metals Market, by Type, 2022-2029 (Metric Ton)
Table 119 North America: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 120 North America: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
Table 121 North America: Permanent Magnets Market, by Type, 2022-2029 (USD Million)
Table 122 North America: Permanent Magnets Market, by Type, 2022-2029 (Metric Ton)
Table 123 North America: Catalysts Market, by Type, 2022-2029 (USD Million)
Table 124 North America: Catalysts Market, by Type, 2022-2029 (Metric Ton)
Table 125 North America: Glass Polishing Market, by Type, 2022-2029 (USD Million)
Table 126 North America: Glass Polishing Market, by Type, 2022-2029 (Metric Ton)
Table 127 North America: Phosphors Market, by Type, 2022-2029 (USD Million)
Table 128 North America: Phosphors Market, by Type, 2022-2029 (Metric Ton)
Table 129 North America: Ceramics Market, by Type, 2022-2029 (USD Million)
Table 130 North America: Ceramics Market, by Type, 2022-2029 (Metric Ton)
Table 131 North America: Metal Alloys Market, by Type, 2022-2029 (USD Million)
Table 132 North America: Metal Alloys Market, by Type, 2022-2029 (Metric Ton)
Table 133 North America: Glass Additives Market, by Type, 2022-2029 (USD Million)
Table 134 North America: Glass Additives Market, by Type, 2022-2029 (Metric Ton)
Table 135 North America: Other Applications Market, by Type, 2022-2029 (USD Million)
Table 136 North America: Other Applications Market, by Type, 2022-2029 (Metric Ton)
Table 137 North America: Cerium Oxide Market, by Application, 2022-2029 (USD Million)
Table 138 North America: Cerium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 139 North America: Lanthanum Oxide Market, by Application, 2022-2029 (USD Million)
Table 140 North America: Lanthanum Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 141 North America: Neodymium Oxide Market, by Application, 2022-2029 (USD Million)
Table 142 North America: Neodymium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 143 North America: Yttrium Oxide Market, by Application, 2022-2029 (USD Million)
Table 144 North America: Yttrium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 145 North America: Praseodymium Oxide Market, by Application, 2022-2029 (USD Million)
Table 146 North America: Praseodymium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 147 North America: Samarium Oxide Market, by Application, 2022-2029 (USD Million)
Table 148 North America: Samarium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 149 North America: Gadolinium Oxide Market, by Application, 2022-2029 (USD Million)
Table 150 North America: Gadolinium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 151 North America: Dysprosium Oxide Market, by Application, 2022-2029 (USD Million)
Table 152 North America: Dysprosium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 153 North America: Terbium Oxide Market, by Application, 2022-2029 (USD Million)
Table 154 North America: Terbium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 155 North America: Europium Oxide Market, by Application, 2022-2029 (USD Million)
Table 156 North America: Europium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 157 North America: Other Oxides Market, by Application, 2022-2029 (USD Million)
Table 158 North America: Other Oxides Market, by Application, 2022-2029 (Metric Ton)
9.3.2 US
9.3.2.1 Large Aerospace & Defense Industry to Drive Market
Table 159 US: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 160 US: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
9.3.3 Canada
9.3.3.1 Rising Wind Power and Automotive Sectors to Drive Market
Table 161 Canada: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 162 Canada: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
9.4 Europe
9.4.1 Impact of Recession
Figure 36 Europe: Rare Earth Metals Market Snapshot
Table 163 Europe: Rare Earth Metals Market, by Country, 2022-2029 (USD Million)
Table 164 Europe: Rare Earth Metals Market, by Country, 2022-2029 (Metric Ton)
Table 165 Europe: Rare Earth Metals Market, by Type, 2022-2029 (USD Million)
Table 166 Europe: Rare Earth Metals Market, by Type, 2022-2029 (Metric Ton)
Table 167 Europe: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 168 Europe: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
Table 169 Europe: Permanent Magnets Market, by Type, 2022-2029 (USD Million)
Table 170 Europe: Permanent Magnets Market, by Type, 2022-2029 (Metric Ton)
Table 171 Europe: Catalysts Market, by Type, 2022-2029 (USD Million)
Table 172 Europe: Catalysts Market, by Type, 2022-2029 (Metric Ton)
Table 173 Europe: Glass Polishing Market, by Type, 2022-2029 (USD Million)
Table 174 Europe: Glass Polishing Market, by Type, 2022-2029 (Metric Ton)
Table 175 Europe: Phosphors Market, by Type, 2022-2029 (USD Million)
Table 176 Europe: Phosphors Market, by Type, 2022-2029 (Metric Ton)
Table 177 Europe: Ceramics Market, by Type, 2022-2029 (USD Million)
Table 178 Europe: Ceramics Market, by Type, 2022-2029 (Metric Ton)
Table 179 Europe: Metal Alloys Market, by Type, 2022-2029 (USD Million)
Table 180 Europe: Metal Alloys Market, by Type, 2022-2029 (Metric Ton)
Table 181 Europe: Glass Additives Market, by Type, 2022-2029 (USD Million)
Table 182 Europe: Glass Additives Market, by Type, 2022-2029 (Metric Ton)
Table 183 Europe: Other Applications Market, by Type, 2022-2029 (USD Million)
Table 184 Europe: Other Applications Market, by Type, 2022-2029 (Metric Ton)
Table 185 Europe: Cerium Oxide Market, by Application, 2022-2029 (USD Million)
Table 186 Europe: Cerium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 187 Europe: Lanthanum Oxide Market, by Application, 2022-2029 (USD Million)
Table 188 Europe: Lanthanum Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 189 Europe: Neodymium Oxide Market, by Application, 2022-2029 (USD Million)
Table 190 Europe: Neodymium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 191 Europe: Yttrium Oxide Market, by Application, 2022-2029 (USD Million)
Table 192 Europe: Yttrium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 193 Europe: Praseodymium Oxide Market, by Application, 2022-2029 (USD Million)
Table 194 Europe: Praseodymium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 195 Europe: Samarium Oxide Market, by Application, 2022-2029 (USD Million)
Table 196 Europe: Samarium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 197 Europe: Gadolinium Oxide Market, by Application, 2022-2029 (USD Million)
Table 198 Europe: Gadolinium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 199 Europe: Dysprosium Oxide Market, by Application, 2022-2029 (USD Million)
Table 200 Europe: Dysprosium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 201 Europe: Terbium Oxide Market, by Application, 2022-2029 (USD Million)
Table 202 Europe: Terbium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 203 Europe: Europium Oxide Market, by Application, 2022-2029 (USD Million)
Table 204 Europe: Europium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 205 Europe: Other Oxides Market, by Application, 2022-2029 (USD Million)
Table 206 Europe: Other Oxides Market, by Application, 2022-2029 (Metric Ton)
9.4.2 Germany
9.4.2.1 Rising Demand for Electric Vehicles to Drive Market
Table 207 Germany: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 208 Germany: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
9.4.3 Uk
9.4.3.1 Growing Electric Vehicle and Wind Turbine Sectors to Drive Market
Table 209 Uk: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 210 Uk: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
9.4.4 France
9.4.4.1 Rise in Demand from High-Technology and Low-Carbon Industries to Drive Market
Table 211 France: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 212 France: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
9.4.5 Rest of Europe
Table 213 Rest of Europe: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 214 Rest of Europe: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
9.5 Rest of World
9.5.1 Impact of Recession
Table 215 Rest of World: Rare Earth Metals Market, by Country, 2022-2029 (USD Million)
Table 216 Rest of World: Rare Earth Metals Market, by Country, 2022-2029 (Metric Ton)
Table 217 Rest of World: Rare Earth Metals Market, by Type, 2022-2029 (USD Million)
Table 218 Rest of World: Rare Earth Metals Market, by Type, 2022-2029 (Metric Ton)
Table 219 Rest of World: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 220 Rest of World: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
Table 221 Rest of World: Permanent Magnets Market, by Type, 2022-2029 (USD Million)
Table 222 Rest of World: Permanent Magnet Market, by Type, 2022-2029 (Metric Ton)
Table 223 Rest of World: Catalysts Market, by Type, 2022-2029 (USD Million)
Table 224 Rest of World: Catalysts Market, by Type, 2022-2029 (Metric Ton)
Table 225 Rest of World: Glass Polishing Market, by Type, 2022-2029 (USD Million)
Table 226 Rest of World: Glass Polishing Market, by Type, 2022-2029 (Metric Ton)
Table 227 Rest of World: Phosphors Market, by Type, 2022-2029 (USD Million)
Table 228 Rest of World: Phosphors Market, by Type, 2022-2029 (Metric Ton)
Table 229 Rest of World: Ceramics Market, by Type, 2022-2029 (USD Million)
Table 230 Rest of World: Ceramics Market, by Type, 2022-2029 (Metric Ton)
Table 231 Rest of World: Metal Alloys Market, by Type, 2022-2029 (USD Million)
Table 232 Rest of World: Metal Alloys Market, by Type, 2022-2029 (Metric Ton)
Table 233 Rest of World: Glass Additives Market, by Type, 2022-2029 (USD Million)
Table 234 Rest of World: Glass Additives Market, by Type, 2022-2029 (Metric Ton)
Table 235 Rest of World: Other Applications Market, by Type, 2022-2029 (USD Million)
Table 236 Rest of World: Other Applications Market, by Type, 2022-2029 (Metric Ton)
Table 237 Rest of World: Cerium Oxide Market, by Application, 2022-2029 (USD Million)
Table 238 Rest of World: Cerium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 239 Rest of World: Lanthanum Oxide Market, by Application, 2022-2029 (USD Million)
Table 240 Rest of World: Lanthanum Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 241 Rest of World: Neodymium Oxide Market, by Application, 2022-2029 (USD Million)
Table 242 Rest of World: Neodymium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 243 Rest of World: Yttrium Oxide Market, by Application, 2022-2029 (USD Million)
Table 244 Rest of World: Yttrium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 245 Rest of World: Praseodymium Oxide Market, by Application, 2022-2029 (USD Million)
Table 246 Rest of World: Praseodymium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 247 Rest of World: Samarium Oxide Market, by Application, 2022-2029 (USD Million)
Table 248 Rest of World: Samarium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 249 Rest of World: Gadolinium Oxide Market, by Application, 2022-2029 (USD Million)
Table 250 Rest of World: Gadolinium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 251 Rest of World: Dysprosium Oxide Market, by Application, 2022-2029 (USD Million)
Table 252 Rest of World: Dysprosium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 253 Rest of World: Terbium Oxide Market, by Application, 2022-2029 (USD Million)
Table 254 Rest of World: Terbium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 255 Rest of World: Europium Oxide Market, by Application, 2022-2029 (USD Million)
Table 256 Rest of World: Europium Oxide Market, by Application, 2022-2029 (Metric Ton)
Table 257 Rest of World: Other Oxides Market, by Application, 2022-2029 (USD Million)
Table 258 Rest of World: Other Oxides Market, by Application, 2022-2029 (Metric Ton)
9.5.2 Brazil
9.5.2.1 Abundant Reserves, Technological Advancements, and Electronics, Automotive, and Renewable Energy Industries to Drive Market
Table 259 Brazil: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 260 Brazil: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)
9.5.3 Others
Table 261 Others: Rare Earth Metals Market, by Application, 2022-2029 (USD Million)
Table 262 Others: Rare Earth Metals Market, by Application, 2022-2029 (Metric Ton)

10 Competitive Landscape

10.1 Overview
10.2 Key Player Strategies/Right to Win
Table 263 Overview of Strategies Adopted by Key Players in Rare Earth Metals Market
10.3 Market Share Analysis (2023)
Figure 37 Market Share of Key Players in Rare Earth Metals Market, 2023
Table 264 Degree of Competition
10.4 Market Ranking (2018-2022)
Figure 38 Revenue Analysis for Key Companies in Last Five Years
10.5 Company Valuation and Financial Metrics
Figure 39 Company Valuation (USD Billion)
Figure 40 Financial Matrix: EV/Ebitda Ratio
10.6 Brand/Product Comparison
Figure 41 Rare Earth Metals Market: Brand/Product Comparison
10.7 Company Evaluation Matrix: Key Players, 2023
10.7.1 Stars
10.7.2 Emerging Leaders
10.7.3 Pervasive Players
10.7.4 Participants
Figure 42 Rare Earth Metals Market: Company Evaluation Matrix (Key Players), 2023
10.7.5 Company Footprint Analysis
Figure 43 Company Footprint (10 Companies)
Table 265 Overall Company Footprint (10 Companies)
Table 266 Type: Company Footprint (10 Companies)
Table 267 Application: Company Footprint (10 Companies)
Table 268 Region: Company Footprint (10 Companies)
10.8 Company Evaluation Matrix: Startups/SMEs, 2023
10.8.1 Progressive Companies
10.8.2 Responsive Companies
10.8.3 Dynamic Companies
10.8.4 Starting Blocks
Figure 44 Rare Earth Metals Market: Company Evaluation Matrix (Startups/SMEs), 2023
10.8.5 Competitive Benchmarking
Table 269 Competitive Benchmarking: Key Startups/SMEs
Table 270 Type: Competitive Benchmarking of Key Startups/SMEs
Table 271 Application: Competitive Benchmarking of Key Startups/SMEs
10.9 Competitive Scenario
10.9.1 Product Launches
Table 272 Product Launches, August 2020-December 2020
10.9.2 Deals
Table 273 Deals, January 2019-March 2024
10.9.3 Expansions
Table 274 Expansions, September 2021-February 2024
10.9.4 Other Developments
Table 275 Other Developments, June 2019-October 2023

11 Company Profiles

(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Right to Win, Strategic Choices, Weaknesses and Competitive Threats) *
11.1 Key Players
11.1.1 Lynas Rare Earths Ltd.
Table 276 Lynas Rare Earths Ltd.: Company Overview
Figure 45 Lynas Rare Earths Ltd.: Company Snapshot, 2023
Table 277 Lynas Rare Earths Ltd.: Products/Solutions/Services Offered
Table 278 Lynas Rare Earths Ltd.: Deals
11.1.2 Australian Strategic Materials Ltd.
Table 279 Australian Strategic Materials Ltd.: Company Overview
Figure 46 Australian Strategic Materials Ltd.: Company Snapshot, 2023
Table 280 Australian Strategic Materials Ltd.: Products/Solutions/Services Offered
Table 281 Australian Strategic Materials Ltd.: Product Launches
Table 282 Australian Strategic Materials Ltd.: Deals
Table 283 Australian Strategic Materials Ltd.: Other Developments
11.1.3 Arafura Rare Earths
Table 284 Arafura Rare Earths: Company Overview
Figure 47 Arafura Rare Earths: Company Snapshot, 2023
Table 285 Arafura Rare Earths: Products/Solutions/Services Offered
11.1.4 China Rare Earth Holdings Limited
Table 286 China Rare Earth Holdings Limited: Company Overview
Figure 48 China Rare Earth Holdings Limited: Company Snapshot, 2022
Table 287 China Rare Earth Holdings Limited: Products/Solutions/Services Offered
11.1.5 Shenghe Resources Holding Co. Ltd.
Table 288 Shenghe Resources Holding Co. Ltd.: Company Overview
Figure 49 Shenghe Resources Holding Co. Ltd.: Company Snapshot, 2022
Table 289 Shenghe Resources Holding Co. Ltd.: Products/Solutions/Services Offered
Table 290 Shenghe Resources Holding Co. Ltd.: Deals
11.1.6 Avalon Advanced Materials Inc.
Table 291 Avalon Advanced Materials Inc.: Company Overview
Table 292 Avalon Advanced Materials Inc.: Products/Solutions/Services Offered
Table 293 Avalon Advanced Materials Inc.: Other Developments
11.1.7 China Northern Rare Earth (Group) High-Tech Co. Ltd.
Table 294 China Northern Rare Earth (Group) High-Tech Co. Ltd.: Company Overview
Table 295 China Northern Rare Earth (Group) High-Tech Co. Ltd.: Products/Solutions/Services Offered
11.1.8 Canada Rare Earth Corporation
Table 296 Canada Rare Earth Corporation: Company Overview
Figure 50 Canada Rare Earth Corporation: Company Snapshot, 2022
Table 297 Canada Rare Earth Corporation: Products/Solutions/Services Offered
Table 298 Canada Rare Earth Corporation: Deals
Table 299 Canada Rare Earth Corporation: Expansions
11.1.9 Northern Minerals Limited
Table 300 Northern Minerals Limited: Company Overview
Figure 51 Northern Minerals Limited: Company Snapshot, 2023
Table 301 Northern Minerals Limited: Products/Solutions/Services Offered
Table 302 Northern Minerals Limited: Deals
11.1.10 Mp Materials
Table 303 Mp Materials: Company Overview
Figure 52 Mp Materials: Company Snapshot, 2023
Table 304 Mp Materials: Products/Solutions/Services Offered
Table 305 Mp Materials: Deals
Table 306 Mp Materials: Expansions
Table 307 Mp Materials: Other Developments
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Right to Win, Strategic Choices, Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies
11.2 Other Players
11.2.1 Ucore Rare Metals Inc.
Table 308 Ucore Rare Metals Inc.: Company Overview
11.2.2 Eutectix, LLC
Table 309 Eutectix, LLC: Company Overview
11.2.3 American Rare Earths Limited
Table 310 American Rare Earths Limited: Company Overview
11.2.4 Rainbow Rare Earths Ltd.
Table 311 Rainbow Rare Earths Ltd.: Company Overview
11.2.5 Rare Element Resources
Table 312 Rare Element Resources: Company Overview
11.2.6 Energy Transition Minerals Ltd.
Table 313 Energy Transition Minerals Ltd.: Company Overview
11.2.7 Neo Performance Materials, Inc.
Table 314 Neo Performance Materials, Inc.: Company Overview
11.2.8 Iluka Resources Limited
Table 315 Iluka Resources Limited: Company Overview
11.2.9 Pensana PLC.
Table 316 Pensana PLC.: Company Overview
11.2.10 Altona Rare Earths PLC.
Table 317 Altona Rare Earths PLC.: Company Overview
11.2.11 Appia Rare Earths & Uranium Corp.
Table 318 Appia Rare Earths & Uranium Corp.: Company Overview
11.2.12 Frontier Rare Earths Limited
Table 319 Frontier Rare Earths Limited: Company Overview
11.2.13 Namibia Critical Metals Inc.
Table 320 Namibia Critical Metals Inc.: Company Overview
11.2.14 Mitsubishi Corporation Rtm Japan Ltd.
Table 321 Mitsubishi Corporation Rtm Japan Ltd.: Company Overview
11.2.15 Hastings Technology Metals Limited
Table 322 Hastings Technology Metals Limited: Company Overview

12 Adjacent & Related Market

12.1 Introduction
12.2 Limitations
12.3 Rare Earth Metals Leaching Chemicals Market
12.3.1 Market Definition
12.3.2 Market Overview
Table 323 Rare Earth Metals Leaching Chemicals Market, by Region, 2020-2027 (USD Million)
Table 324 Rare Earth Metals Leaching Chemicals Market, by Region, 2020-2027 (Kiloton)

13 Appendix

13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options

Companies Mentioned

Lynas Rare Earths Ltd.
Australian Strategic Materials Ltd.
Arafura Rare Earths
China Rare Earth Holdings Limited
Shenghe Resources Holding Co. Ltd.
Avalon Advanced Materials Inc.
China Northern Rare Earth (Group) High-Tech Co. Ltd.
Canada Rare Earth Corporation
Northern Minerals Limited
Mp Materials
Ucore Rare Metals Inc.
Eutectix, LLC
American Rare Earths Limited
Rainbow Rare Earths Ltd.
Rare Element Resources
Energy Transition Minerals Ltd.
Neo Performance Materials, Inc.
Iluka Resources Limited
Pensana PLC.
Altona Rare Earths PLC.
Appia Rare Earths & Uranium Corp.
Frontier Rare Earths Limited
Namibia Critical Metals Inc.
Mitsubishi Corporation Rtm Japan Ltd.
Hastings Technology Metals Limited

Methodology

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Table Information

Report Attribute	Details
No. of Pages	292
Published	May 2024
Forecast Period	2024 - 2029
Estimated Market Value ( USD ) in 2024	$ 6 Billion
Forecasted Market Value ( USD ) by 2029	$ 10.9 Billion
Compound Annual Growth Rate	12.6%
Regions Covered	Global
No. of Companies Mentioned	25

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Rare Earth Metals Market by Type (Cerium Oxide, Lanthanum Oxide, Neodymium Oxide, Yttrium Oxide, Europium Oxide), Application (Permanent Magnets, Metal Alloys, Glass Polishing, Glass Additives, Phosphors, Catalysts), and Region - Forecast to 2029

The rare earth metal market size is projected to grow from USD 6.0 billion in 2024 and is projected to reach USD 10.9 Billion by 2029, at a CAGR of 12.6%.

In terms of value, Neodymium oxide segment is projected to lead the global rare-earth metals market through 2029.

The Permanent Magnet segment is projected to be the fastest-growing segment by applications throughout the forecast period.

In terms of value, the Asia Pacific rare-earth metals market is projected to grow at the highest CAGR during the forecast period.

Research Coverage

Key Benefits of Buying the Report

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Methodology

Table Information

The rare earth metal market size is projected to grow from USD 6.0 billion in 2024 and is projected to reach USD 10.9 Billion by 2029, at a CAGR of 12.6%.

In terms of value, Neodymium oxide segment is projected to lead the global rare-earth metals market through 2029.

The Permanent Magnet segment is projected to be the fastest-growing segment by applications throughout the forecast period.

In terms of value, the Asia Pacific rare-earth metals market is projected to grow at the highest CAGR during the forecast period.

Research Coverage

Key Benefits of Buying the Report

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Methodology

Table Information

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About the Rare Earths Market