Global Rare Earth Supply, Demand and Key Producers, 2026-2032

The global Rare Earth market size is expected to reach $ 12220 million by 2032, rising at a market growth of 9.6% CAGR during the forecast period (2026-2032).

Rare earths are usually divided into light and heavy rare earth oxides. The former includes "lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium", including "gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, lutetium, scandium" "Yttrium", there are more than 250 kinds of rare earth minerals in nature. Major industrial countries in the world have rare strategic resources, rare with a variety of special chemical properties, and are important raw materials for modern industries, especially high-tech industries. Among them, the relative concentration of light rare earth reserves is mainly used in permanent magnet materials, polishing powder, glass ceramics, catalysts and other fields; medium and heavy rare earth reserves are small, mainly used in phosphors, ceramics and other fields, thus, aerospace, military defense, etc. Medium and heavy rare earths will also be used in the field.

China ranks first in the world in rare earth reserves, and is the only country in the world that has the ability to produce all kinds of products in the entire rare earth industry chain. China is the most important seller in the global rare earth market, and is the only country in the world that can provide all 17 rare earth metals, especially military heavy rare earths. 70% of the world's rare earth mineral production comes from China, followed by the United States, Australia, Myanmar, and Thailand. In the Chinese market, major rare earth manufacturers include Northern Rare Earth, Shenghe Resources Holdings, Cmreltd etc. In terms of product types and technologies, rare earth mainly include rare earth oxides, rare earth salts and rare earth metals. Rare earth oxides are the most important product type, accounting for more than 45%.

This report studies the global Rare Earth production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Rare Earth and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Rare Earth that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Rare Earth total production and demand, 2021-2032, (Kiloton)

Global Rare Earth total production value, 2021-2032, (USD Million)

Global Rare Earth production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Kiloton), (based on production site)

Global Rare Earth consumption by region & country, CAGR, 2021-2032 & (Kiloton)

U.S. VS China: Rare Earth domestic production, consumption, key domestic manufacturers and share

Global Rare Earth production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Kiloton)

Global Rare Earth production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Kiloton)

Global Rare Earth production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Kiloton)

This report profiles key players in the global Rare Earth market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Reht, China Rare Earth Group, Shenghe Resource, Rising Nonferrous Metals, SUNLUX RARE METALS, Grirem Advanced Materials, Ganzhou Qiandong Rare Earth Group, Tungsten Corporation, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Rare Earth market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Kiloton) and average price (US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Rare Earth Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Rare Earth Market, Segmentation by Type:
Rare Earth Oxide
Rare Earth Salts
Rare Earth Metals

Global Rare Earth Market, Segmentation by Application:
Metallurgy
Rare Earth Permanent Magnet Materials
Catalytic Material
Hydrogen Storage Materials
Others

Companies Profiled:
Reht
China Rare Earth Group
Shenghe Resource
Rising Nonferrous Metals
SUNLUX RARE METALS
Grirem Advanced Materials
Ganzhou Qiandong Rare Earth Group
Tungsten Corporation

Key Questions Answered:

1. How big is the global Rare Earth market?

2. What is the demand of the global Rare Earth market?

3. What is the year over year growth of the global Rare Earth market?

4. What is the production and production value of the global Rare Earth market?

5. Who are the key producers in the global Rare Earth market?

6. What are the growth factors driving the market demand? Show more