Stratview Research has published a report on the Rare Earth Metals Market based on information acquired from reliable sources, qualitative and quantitative research by experts, and insights from industry veterans and key players across the value chain. The report provides a thorough analysis of present and upcoming market trends, market dynamics, factors affecting the industry, and growth strategies. This report also provides an in-depth analysis of the impact of the COVID-19 pandemic on the market.
The rare earth metals market size was estimated at USD 5.2 Billion in 2021 and is likely to grow at a CAGR of 12.4% during 2022-2028 to reach USD 11.78 Billion in 2028.
What is Rare Earth Metal?
Rare earth metals are a group of elements found in the earth's crust with similar physical and chemical properties. These extracted elements can be processed in their ore forms and fall into both hard and light categories. Praseodymium and Samarium are light metals that are more easily found as compared to heavy metals like terbium, holmium, gadolinium, europium, thulium, dysprosium, and ytterbium, etc.
- A significant need for clean energy
- Rising demand for new technologies like electric and hybrid vehicles, etc.
What you can find in this report –
The report has been compiled by using a variety of analytical methodologies and has analysed data on the key players, market scope, and much more. The researchers at Stratview Research have studied the growth of the top competitors in the Rare Earth Metals Market.
Key Features: The report covers the revenue, production rate, import/export, supply/demand, market share, CAGR, etc. Furthermore, the research provides in-depth information on current trends, growth drivers, and competition.
Regional Analysis: The present report throws light on the regional analysis of the Rare Earth Metals Market. The data given can be used to get an idea of trends, patterns, threats or challenges, and many such phenomena. On the basis of region, the report mentions that,
Asia-Pacific is expected to remain the largest producer and consumer of the market with a volume share of >71% in 2021. China owns the largest reserves of rare earth metals worldwide. China is both the leading producer as well as consumer of rare earth metals. The imposition of restrictions on China’s export and growing rare earth metals demand within China would create a demand-supply gap in the rare earth metals market worldwide.
The market is likely to witness significant changes in the coming years. New sources of supply are scheduled to be developed across the globe. China, which is the major producer of rare earth metals worldwide, is witnessing consolidation by state-owned enterprises. China owns the largest reserves of rare earth metals followed by Brazil. China will continue to remain the largest producer during the forecast period.
Linchpins in the Rare Earth Metals Market
After a thorough investigation of the market and its players, market experts have listed some key players in the report. Here is the list -
- Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co Ltd.
- Molycorp Inc
- China Minmetals Rare Earth Co. Ltd
- Great Western Minerals Group Ltd.
- Alkane Resources Ltd
- Arafura Resources Ltd.
- Lynas Corp.
- Avalon Rare Metals
- Canada Rare Earth Corporation
- India Rare Earth Ltd.
Understanding the strategies of rivalry is critical and Stratview Research does this for its users. This report includes an analysis of the key competitors, the products/services, the differentiators, and market shares, etc.
Critical Questions Answered in the Report
- What are the key trends in the Rare Earth Metals Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the market?
- What are the key strategies adopted by the major vendors to lead in the Rare Earth Metals Market?
- What is the market share of the top vendors?
Customization of the Report:
This report can be customized to meet the user’s requirements. Stratview research offers custom research services across the sectors.
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