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

The global Rare Earth Refining Services market size is predicted to grow from US$ 614 million in 2025 to US$ 925 million in 2031; it is expected to grow at a CAGR of 7.1% from 2025 to 2031.

Rare Earth Refining Services refers to the processes and techniques involved in extracting, purifying, and refining rare earth elements (REEs) from raw mineral ores to produce high-purity materials suitable for use in various industries, such as electronics, renewable energy, and defense. These services focus on transforming complex ores containing rare earth minerals into refined metals or compounds that are critical for advanced technologies.

United States market for Rare Earth Refining Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Rare Earth Refining Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Rare Earth Refining Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Rare Earth Refining Services players cover Lynas Corporation, MP Materials, Alkane, Arafura Resources, Iluka Resources, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

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

This Insight Report provides a comprehensive analysis of the global Rare Earth Refining Services 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 Refining Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Rare Earth Refining Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rare Earth Refining Services 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 Refining Services.

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

Segmentation by Type:
Mining and Ore Processing
Crushing and Grinding
Separation and Extraction
Purification and Refining

Segmentation by Application:
New Energy
Aerospace
National Defense
Electronics
Other

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.
Lynas Corporation
MP Materials
Alkane
Arafura Resources
Iluka Resources
Sumitomo Corporation
South32
SQM
Glencore
Pilbara Minerals
China Northern Rare Earth
China Minmetals Corporation
China Rare Earth
Shenghe Resources Holding

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