Global Rare Earth Recycling Market Growth (Status and Outlook) 2025-2031

The global Rare Earth Recycling market size is predicted to grow from US$ 3080 million in 2025 to US$ 7534 million in 2031; it is expected to grow at a CAGR of 16.1% from 2025 to 2031.

Rare earth metals are widely used in metallurgy, petrochemicals, glass and ceramics, and are an important component of modern high-tech new materials (permanent magnet materials, polishing materials, catalytic materials, etc.). China's high rare earth production has led to the international consensus that China has monopolized the global production and refining supply of rare earth metals, posing a serious supply risk to importing countries. Therefore, various countries have widely carried out research on the recycling and reuse of rare earth metals.

The recovery methods of mineral elements include hydrometallurgy, pyrometallurgy, gas phase extraction and solvent extraction. The recycled raw materials mainly come from electronic waste and other important raw material wastes containing rare earth elements. Technological development has made it more feasible to extract rare earth elements from these materials.

The source of rare earth recycling is basically from scrapped products. The overall process of separating rare earths from terminal scrapped products is divided into the following steps:

First, collect various scrapped products containing rare earth elements; Second, pre-treat the collected scrapped products, including disassembly, crushing, etc.; Third, separate and purify the products after pre-treatment, usually using metallurgical methods and extraction methods; Finally, recycle rare earth metals and rare earth oxides.

At present, the main sources of rare earth recycling are: fluorescent lamps, magnetic materials, batteries, etc., and the three account for more than 75% of the market. Among them, the main sources of recycling waste magnetic materials are: industrial production waste, such as iron filings produced by magnet manufacturing, small magnets from scrapped computer hard drives, large magnets in scrapped electric vehicles and wind turbines, and parts in air conditioners.

In the global industrial chain, Europe, the United States and Japan have strengthened their layout by policy-driven (such as the EU's "Critical Raw Materials Act" and Japan's magnet recycling subsidies). In the future, emerging fields such as wind turbines, hydrogen fuel cell catalysts and medical equipment will release incremental demand.

LPI (LP Information)' newest research report, the “Rare Earth Recycling Industry Forecast” looks at past sales and reviews total world Rare Earth Recycling sales in 2024, providing a comprehensive analysis by region and market sector of projected Rare Earth Recycling sales for 2025 through 2031. With Rare Earth Recycling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Rare Earth Recycling industry.

This Insight Report provides a comprehensive analysis of the global Rare Earth Recycling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Rare Earth Recycling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Rare Earth Recycling market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rare Earth Recycling and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Rare Earth Recycling.

This report presents a comprehensive overview, market shares, and growth opportunities of Rare Earth Recycling market by product type, application, key players and key regions and countries.

Segmentation by Type:
Metallurgical Recycling
Extraction Recycling

Segmentation by Application:
Fluorescent Lamps
Magnetic Materials
Batteries
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Huahong Technology
Zhongxi Tianma New Materials Technology
China Northern Rare Earth
JLMAG
Ganzhou Hengyuan Technology
REEcycle
Hitachi Metals
Nippon Yttrium
Solvay (Rhodia)
GEM
Shin-Etsu Chemical
Mitsubishi Materials
Seren Technologies
Jiangsu Rising Jianfa Recycling Resources
Shenghe Holding
Geomega Resources
Carester

Please note: The report will take approximately 2 business days to prepare and deliver.