Rare Earth Metals

Rare Earth Metals

Global Rare Earth Metals Market to Reach $9.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Rare Earth Metals estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$9.2 Billion by 2027, growing at a CAGR of 10.5% over the analysis period 2020-2027. Neodymium Oxide, one of the segments analyzed in the report, is projected to record a 11.2% CAGR and reach US$4.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cerium Oxide segment is readjusted to a revised 10.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 14.4% CAGR

The Rare Earth Metals market in the U.S. is estimated at US$1.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027 trailing a CAGR of 14.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 8.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2027.

Dysprosium Oxide Segment to Record 11.7% CAGR

In the global Dysprosium Oxide segment, USA, Canada, Japan, China and Europe will drive the 11.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$343 Million in the year 2020 will reach a projected size of US$711.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 12.8% CAGR through the analysis period.

Select Competitors (Total 46 Featured) -

• Alkane Resources Ltd.
• Aluminum Corporation of China Ltd.
• Arafura Resources Ltd.
• Beijing Zhong Ke San Huan Hi-Tech Co., Ltd.
• China Minmetals Rare Earth Co. Ltd.
• China Northern Rare Earth (Group) High-Tech Co., Ltd
• Jiangxi Tungsten Holding Group Co., Ltd.
• Lynas Corporation Ltd.
• RISING NONFERROUS METALS CO., LTD

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