Rare earth elements market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 10.63% in the above-mentioned forecast period. Rare earth elements (REE) are an essential part of many high-tech devices, they are basically various chemical elements present in the periodic table. Their availability of these elements in a particular location is limited, thus the extraction of these elements from mines quite complicated.
The factors such as requirement of rare earth elements for the implementation and utilization of green technology worldwide and focus of various organizations and companies on enhancing their understanding and technologies for rare earth elements are the root cause fueling up the rare earth elements market growth rate. Additionally, the high demand associated with these elements due to their application as catalysts in various production activities will also directly and positively impact the growth rate of the rare earth elements market. However, concerns regarding the increasing presence of illegal activities for extraction of rare earth elements from the different regions and lack of consistent supply to various end-users and applicable sectors derail growth of the rare earth elements market. Increased application area of these elements due to the rising demand for electric and hybrid vehicles pose as a major challenge to the growth of the rare earth elements market. Inequality of demand and supply quantities due to the trade wars between suppliers of rare earth elements worldwide pose as challenge for the market’s growth.
Global Rare Earth Elements Market, By Element (Cerium, Neodymium, Lanthanum, Dysprosium, Terbium, Erbium, Europium, Gadolinium, Holmium, Lutetium, Praseodymium, Promethium, Samarium, Thulium, Ytterbium, Yttrium, Scandium, Others), Application (Catalysts, Ceramics, Phosphors, Glass and Polishing, Metallurgy, Polishing, Additives, Magnets, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028. This rare earth elements market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on rare earth elements market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Rare Earth Elements Market Scope and Market Size:
The rare earth elements market is segmented on the basis of element and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
On the basis of element, the rare earth elements market is segmented into cerium, neodymium, lanthanum, dysprosium, terbium, erbium, europium, gadolinium, holmium, lutetium, praseodymium, promethium, samarium, thulium, ytterbium, yttrium, scandium and others.
On the basis of application, the market is segmented into catalysts, ceramics, phosphors, glass and polishing, metallurgy, polishing, additives, magnets and others.
The major players covered in the rare earth elements market report are Minmetals Rare Earth Co., Ltd.; Alkane Resources Ltd, ARAFURA RESOURCES, Lynas Corporation Ltd, China Rare Earth Holdings Limited, Avalon Advanced Materials Inc., IREL(INDIA) LIMITED, Greenland Minerals Ltd, NEO, Rare Element Resources Ltd, Frontier Rare Earths Limited, Canada Rare Earth Corporation, Iluka Resources Limited, Northern Minerals, Krakatoa Resources Limited, Ucore Rare Metals Inc.; Namibia Critical Metals Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Pointers Covered in the Rare Earth Elements Market:
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
MAJOR TOC OF THE REPORT:
Chapter One: Rare Earth Elements Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Rare Earth Elements Market Competition, by Players
Chapter Four: Rare Earth Elements Market Size by Regions
Chapter Five: Rare Earth Elements Market Revenue by Countries
Chapter Six: Rare Earth Elements Market Revenue by Type
Chapter Seven: Rare Earth Elements Market Revenue by Application
Chapter Eight: Rare Earth Elements Market Revenue by Industries
Chapter Nine: Rare Earth Elements Market Revenue by Deployment Model
Chapter Ten: Rare Earth Elements Market Revenue by End User
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The key questions answered in this report:
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