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The Global Rare Earth Metals Market is expected to reach $ 32.63 billion by 2026 growing at a CAGR of 13.8% from 2019 to 2026. Rare earth elements (REE) are series of seventeen metallic elements. These contain the elements of the lanthanide series and sometimes yttrium and scandium. It is an essential part of high tech devices and an important components of more than 200 products for a wide vast range of application mainly high-tech consumer products like electric and hybrid vehicle, television, flat screen monitors, cellular telephones and computer hard drives. However, the quantity of rare earth elements used in a product may not be the important part of product by volume, value and weight, but it is necessary for the device to function. The magnets which are made up of REE constitute only small portion of the total weight, but in absence of that, the voice coil and spindle motors of desktops and laptops are not possible. Factors such as growing demand from permanent magnet industry, high demand for clean energy and increasing demand from emerging technologies such as electric vehicles, and hybrid vehicles are driving the market growth. However, factors such as discrepancies in supply and demand and extraction of rare earth metals is capital intensive are restraining the growth of the market. Based on product, the cerium segment held the largest share in the rare earth metals market during the forecast period. Cerium is used in the manufacture of catalytic converters which convert the pollutants in engine exhaust into nontoxic compounds. Rechargeable car batteries are made with cerium, which is used in electronic devices, hybrid electric vehicles, and power tools. With the use of cerium in LCDs and colour TVs, the transmission of UV light will be decreased. Despite a recent uptick, prices of cerium remain low as the element is an insignificant supply surplus. The key vendors mentioned are Alkane Resources Ltd, Arafura Resources, Avalon Rare Metals Inc., China Rare Earth Holdings Limited, Frontier Rare Earths Limited, Great Western Minerals Group Ltd, Greenland Minerals & Energy Ltd, Indian Rare Earths Limited, Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co, Lynas Corporation Limited, Molycorp, Quest Rare Minerals Limited, Rare Element Resources Ltd, Baotou Hefa Rare Earth Co. Ltd and Canada Rare Earth Corporation. Metals Covered: • Single Rare Earth Metal • Mixed Rare Earth Metal Products Covered: • Cerium • Dysprosium • Erbium • Europium • Gadolinium • Holmium • Lanthanum • Lutetium • Neodymium • Oxide • Praseodymium • Promethium • Samarium • Scandium • Terbium • Thulium • Ytterbium • Yttrium Applications Covered: • Metallurgy/AlloysCatalysts • Catalysts • Ceramics • Glass Additives • Glass Polishing • Hydrogen Storage Material • Batteries • Metals • Optical Instruments • Permanent Magnets • Phosphors • Electronics • Colorants Element Types Covered: • Light Rare Earth Metals • Heavy Earth Metals Sales Channel Covered: • Direct Sales • Distributors End Users Covered: • Automotive • Chemicals • Construction • Industrial Processing • Mechanical & Engineering • Oil & Gas and Petrochemical • Petrochemical • Power Generation • Pharmaceutical • Aerospace • Food & Beverage • Marine Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2018 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining Power Of Suppliers
4.2 Bargaining Power Of Buyers
4.3 Threat Of Substitutes
4.4 Threat Of New Entrants
4.5 Competitive Rivalry
5 Global Rare Earth Metals Market, By Metal
5.1 Introduction
5.2 Single Rare Earth Metal
5.3 Mixed Rare Metal
6 Global Rare Earth Metals Market, By Product
6.1 Introduction
6.2 Cerium
6.3 Dysprosium
6.4 Erbium
6.5 Europium
6.6 Gadolinium
6.7 Holmium
6.8 Lanthanum
6.9 Lutetium
6.10 Neodymium
6.11 Oxide
6.12 Praseodymium
6.13 Promethium
6.14 Samarium
6.15 Scandium
6.16 Terbium
6.17 Thulium
6.18 Ytterbium
6.19 Yttrium
7 Global Rare Earth Metals Market, By Application
7.1 Introduction
7.2 Metallurgy/Alloys
7.3 Catalysts
7.4 Ceramics
7.5 Glass Additives
7.6 Glass Polishing
7.7 Hydrogen Storage Material
7.8 Batteries
7.9 Metals
7.10 Optical Instruments
7.11 Permanent Magnets
7.12 Phosphors
7.13 Electronics
7.14 Colorants
8 Global Rare Earth Metals Market, By Element Type
8.1 Introduction
8.2 Light Rare Earth Metals
8.3 Heavy Earth Metals
9 Global Rare Earth Metals Market, By Sales Channel
9.1 Introduction
9.2 Direct Sales
9.3 Distributors
10 Global Rare Earth Metals Market, By Geography
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa
11 Strategic Benchmarking
12 Vendors Landscape
12.1 Alkane Resources Ltd
12.2 Arafura Resources
12.3 Avalon Rare Metals Inc.
12.4 China Rare Earth Holdings Limited
12.5 Frontier Rare Earths Limited
12.6 Great Western Minerals Group Ltd.
12.7 Greenland Minerals & Energy Ltd.
12.8 Indian Rare Earths Limited
12.9 Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co
12.10 Lynas Corporation Limited
12.11 Molycorp
12.12 Quest Rare Minerals Limited
12.13 Rare Element Resources Ltd.
12.14 Baotou Hefa Rare Earth Co. Ltd.
12.15 Canada Rare Earth Corporation
List of Data Tables
1 Global Rare Earth Metals Market Outlook, By Region (2018-2026) ($MN)
2 Global Rare Earth Metals Market Outlook, By Metal (2018-2026) ($MN)
3 Global Rare Earth Metals Market Outlook, By Single Rare Earth Metal (2018-2026) ($MN)
4 Global Rare Earth Metals Market Outlook, By Mixed Rare Metal (2018-2026) ($MN)
5 Global Rare Earth Metals Market Outlook, By Product (2018-2026) ($MN)
6 Global Rare Earth Metals Market Outlook, By Cerium (2018-2026) ($MN)
7 Global Rare Earth Metals Market Outlook, By Dysprosium (2018-2026) ($MN)
8 Global Rare Earth Metals Market Outlook, By Erbium (2018-2026) ($MN)
9 Global Rare Earth Metals Market Outlook, By Europium (2018-2026) ($MN)
10 Global Rare Earth Metals Market Outlook, By Gadolinium (2018-2026) ($MN)
11 Global Rare Earth Metals Market Outlook, By Holmium (2018-2026) ($MN)
12 Global Rare Earth Metals Market Outlook, By Lanthanum (2018-2026) ($MN)
13 Global Rare Earth Metals Market Outlook, By Lutetium (2018-2026) ($MN)
14 Global Rare Earth Metals Market Outlook, By Neodymium (2018-2026) ($MN)
15 Global Rare Earth Metals Market Outlook, By Oxide (2018-2026) ($MN)
16 Global Rare Earth Metals Market Outlook, By Praseodymium (2018-2026) ($MN)
17 Global Rare Earth Metals Market Outlook, By Promethium (2018-2026) ($MN)
18 Global Rare Earth Metals Market Outlook, By Samarium (2018-2026) ($MN)
19 Global Rare Earth Metals Market Outlook, By Scandium (2018-2026) ($MN)
20 Global Rare Earth Metals Market Outlook, By Terbium (2018-2026) ($MN)
21 Global Rare Earth Metals Market Outlook, By Thulium (2018-2026) ($MN)
22 Global Rare Earth Metals Market Outlook, By Ytterbium (2018-2026) ($MN)
23 Global Rare Earth Metals Market Outlook, By Yttrium (2018-2026) ($MN)
24 Global Rare Earth Metals Market Outlook, By Application (2018-2026) ($MN)
25 Global Rare Earth Metals Market Outlook, By Metallurgy/Alloys (2018-2026) ($MN)
26 Global Rare Earth Metals Market Outlook, By Catalysts (2018-2026) ($MN)
27 Global Rare Earth Metals Market Outlook, By Ceramics (2018-2026) ($MN)
28 Global Rare Earth Metals Market Outlook, By Glass Additives (2018-2026) ($MN)
29 Global Rare Earth Metals Market Outlook, By Glass Polishing (2018-2026) ($MN)
30 Global Rare Earth Metals Market Outlook, By Hydrogen Storage Material (2018-2026) ($MN)
31 Global Rare Earth Metals Market Outlook, By Batteries (2018-2026) ($MN)
32 Global Rare Earth Metals Market Outlook, By Metals (2018-2026) ($MN)
33 Global Rare Earth Metals Market Outlook, By Optical Instruments (2018-2026) ($MN)
34 Global Rare Earth Metals Market Outlook, By Permanent Magnets (2018-2026) ($MN)
35 Global Rare Earth Metals Market Outlook, By Phosphors (2018-2026) ($MN)
36 Global Rare Earth Metals Market Outlook, By Electronics (2018-2026) ($MN)
37 Global Rare Earth Metals Market Outlook, By Colorants (2018-2026) ($MN)
38 Global Rare Earth Metals Market Outlook, By Element Type (2018-2026) ($MN)
39 Global Rare Earth Metals Market Outlook, By Light Rare Earth Metals (2018-2026) ($MN)
40 Global Rare Earth Metals Market Outlook, By Heavy Earth Metals (2018-2026) ($MN)
41 Global Rare Earth Metals Market Outlook, By Sales Channel (2018-2026) ($MN)
42 Global Rare Earth Metals Market Outlook, By Direct Sales (2018-2026) ($MN)
43 Global Rare Earth Metals Market Outlook, By Distributors (2018-2026) ($MN)
44 North America Rare Earth Metals Market Outlook, Metal (2018-2026) ($MN)
45 North America Rare Earth Metals Market Outlook, Product (2018-2026) ($MN)
46 North America Rare Earth Metals Market Outlook, Application (2018-2026) ($MN)
47 North America Rare Earth Metals Market Outlook, Element Type (2018-2026) ($MN)
48 North America Rare Earth Metals Market Outlook, Sales Channel (2018-2026) ($MN)
49 Europe Rare Earth Metals Market Outlook, Metal (2018-2026) ($MN)
50 Europe Rare Earth Metals Market Outlook, Product (2018-2026) ($MN)
51 Europe Rare Earth Metals Market Outlook, Application (2018-2026) ($MN)
52 Europe Rare Earth Metals Market Outlook, Element Type (2018-2026) ($MN)
53 Europe Rare Earth Metals Market Outlook, Sales Channel (2018-2026) ($MN)
54 Asia Pacific Rare Earth Metals Market Outlook, Metal (2018-2026) ($MN)
55 Asia Pacific Rare Earth Metals Market Outlook, Product (2018-2026) ($MN)
56 Asia Pacific Rare Earth Metals Market Outlook, Application (2018-2026) ($MN)
57 Asia Pacific Rare Earth Metals Market Outlook, Element Type (2018-2026) ($MN)
58 Asia Pacific Rare Earth Metals Market Outlook, Sales Channel (2018-2026) ($MN)
59 South America Rare Earth Metals Market Outlook, Metal (2018-2026) ($MN)
60 South America Rare Earth Metals Market Outlook, Product (2018-2026) ($MN)
61 South America Rare Earth Metals Market Outlook, Application (2018-2026) ($MN)
62 South America Rare Earth Metals Market Outlook, Element Type (2018-2026) ($MN)
63 South America Rare Earth Metals Market Outlook, Sales Channel (2018-2026) ($MN)
64 Middle East & Africa Rare Earth Metals Market Outlook, Metal (2018-2026) ($MN)
65 Middle East & Africa Rare Earth Metals Market Outlook, Product (2018-2026) ($MN)
66 Middle East & Africa Rare Earth Metals Market Outlook, Application (2018-2026) ($MN)
67 Middle East & Africa Rare Earth Metals Market Outlook, Element Type (2018-2026) ($MN)
68 Middle East & Africa Rare Earth Metals Market Outlook, Sales Channel (2018-2026) ($MN)