Rare Earth Recycling Trends and Forecast
The future of the global rare earth recycling market looks promising with opportunities in the permanent magnet, catalyst, glass, ceramic, phosphor, and alloy manufacturing markets. The global rare earth recycling market is expected to reach an estimated $1.0 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are rising adoption of e-waste recycling across the globe and increase demand for electric vehicles.Rare Earth Recycling by Segment
The study includes a forecast for the global rare earth recycling by type, application, and region.Rare Earth Recycling Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Light Rare Earth Recycling
- Medium & Heavy Rare Earth Recycling
Rare Earth Recycling Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Permanent Magnet
- Catalyst
- Glass
- Ceramic
- Phosphor
- Alloy Manufacturing
- Others
Rare Earth Recycling Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Rare Earth Recycling Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies rare earth recycling companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the rare earth recycling companies profiled in this report include:- Solvay
- Hitachi Metals
- REEcycle
- Lynas
- GanZhou QianDong Rare Earths
- Mitsubishi Chemical
- Nissan Motor
Rare Earth Recycling Market Insights
The publisher forecasts that light will remain the larger segment over the forecast period due to its expanding demand across a number of industries, including automotive and electronics for cars and other electronic goods.Within this market, permanent magnet is expected to witness the highest growth due to substantial usage of rare earth recycling in this application given to their geochemical properties and rising demand in the automotive industry for use in hybrid electric vehicles.
Europe is expected to witness highest growth over the forecast period due to increasing demand for recycled materials and rare earth elements to produce high-tech goods like wind turbines and cellphones in the region.
Features of the Global Rare Earth Recycling Market
- Market Size Estimates: Rare earth recycling market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Rare earth recycling market size by type, application, and region in terms of value ($B).
- Regional Analysis: Rare earth recycling market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the rare earth recycling market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the rare earth recycling market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the rare earth recycling market size?Answer: The global rare earth recycling market is expected to reach an estimated $1.0 billion by 2030.
Q2. What is the growth forecast for rare earth recycling market?
Answer: The global rare earth recycling market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the rare earth recycling market?
Answer: The major drivers for this market are rising adoption of e-waste recycling across the globe and increase demand for electric vehicles.
Q4. What are the major segments for rare earth recycling market?
Answer: The future of the rare earth recycling market looks promising with opportunities in the permanent magnet, catalyst, glass, ceramic, phosphor, and alloy manufacturing markets.
Q5. Who are the key rare earth recycling market companies?
Answer: Some of the key rare earth recycling companies are as follows:
- Solvay
- Hitachi Metals
- REEcycle
- Lynas
- GanZhou QianDong Rare Earths
- Mitsubishi Chemical
- Nissan Motor
Answer: The publisher forecasts that light will remain the larger segment over the forecast period due to its expanding demand across a number of industries, including automotive and electronics for cars and other electronic goods.
Q7. In rare earth recycling market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth over the forecast period due to increasing demand for recycled materials and rare earth elements to produce high-tech goods like wind turbines and cellphones in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the rare earth recycling market by type (light rare earth recycling and medium & heavy rare earth recycling), application (permanent magnet, catalyst, glass, ceramic, phosphor, alloy manufacturing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Rare Earth Recycling Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Solvay
- Hitachi Metals
- REEcycle
- Lynas
- GanZhou QianDong Rare Earths
- Mitsubishi Chemical
- Nissan Motor
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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