Rare Earth Elements Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Rare earth elements are found together in rare earth elements deposits, their concentration and distribution vary from each other. The reason behind calling these elements "rare" is that they are not found commonly in commercially feasible concentrations. Rare earth elements are classified into two groups, namely, light rare earth elements and heavy rare earth elements. The Japanese, often refer to these rare earth elements as "seeds of technology" as they exhibit multiple properties.

MARKET SCOPE

The "Global Rare Earth Elements Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the rare earth elements market with detailed market segmentation by product, application, and geography. The report provides key statistics on the market status of the leading rare earth elements market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product, the global rare earth elements market is segmented into cerium, dysprosium, erbium, scandium, and others.
  
•   Based on application, the global rare earth elements market is segmented into polishing, phosphors, ceramics, metallurgy, and others.
  

MARKET DYNAMICS
Drivers:

•   Dependency of green technology on rare earth elements and the focus of the companies on research and development.
  
•   Extensive application of rare earth elements in electric & hybrid cars, and in the manufacture of batteries.
  
•   Incrementing application of sc and ium in aerospace industries.
  

Restraints:

•   Inconsistent supply and illegal mining.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The rare earth elements market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the rare earth elements market in these regions.

IMPACT OF COVID-19 ON RARE EARTH ELEMENTS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

Rare Earth Elements Market Report Analysis

Rare Earth Elements Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Alkane Resources Ltd.
• Arafura Resources Limited
• Avalon Rare Metals Inc.
• China Rare Earth Holdings Limited
• Great Western Minerals Group Ltd.
• Greenl and Minerals Ltd.
• Lynas Corporation Ltd.
• Molycorp Inc.
• Quest Rare Minerals Ltd.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product

• Cerium
• Dysprosium
• Erbium
• Scandium

By Application

• Polishing
• Phosphors
• Ceramics
• Metallurgy

MARKET PLAYERS

The report covers key developments in the rare earth elements market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from rare earth elements market are anticipated to lucrative growth opportunities in the future with the rising demand for rare earth elements in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the rare earth elements market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Alkane Resources Ltd.
  
•   Arafura Resources Limited
  
•   Avalon Rare Metals Inc.
  
•   China Rare Earth Holdings Limited
  
•   Great Western Minerals Group Ltd.
  
•   Greenl and Minerals Ltd.
  
•   Lynas Corporation Ltd.
  
•   Molycorp Inc.
  
•   Quest Rare Minerals Ltd.
  
•   Rare Element Resources Ltd
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Rare Earth Elements Market Report Scope