Rare Earth Metals Market Supplier, Competition by Manufacturers and Competitor Analysis to 2025 Forecast

Rare Earth Metals Market Share, Distributor
Analysis and Development Trends 2025
“Metals such as Neodymium are widely used in the
manufacturing of permanent magnets. This is projected
to directly impact the demand for neodymium which is
one of the maximum consumed rare earth metal.
Additionally, the developing automobile industry is
anticipated to enhance the demand for magnets, in turn,
are projected to drive rare earth metals market demand.”
Rare earth metals are a set of seventeen elements that exhibit similar properties and belong to the actinide and
lanthanide series. The whole fifteen elements of the lanthanide series and yttrium and scandium together make up
these elements. Few common elements include Lanthanum, Praseodymium, Cerium, and Neodymium among others
and account for over 70.0% of global rare earth metal consumption. Rare earth metals has its applications in various
high technology products such as TVs, nuclear batteries, miniature, numerous medical devices, permanent magnets
and rechargeable batteries for hybrid cars and wind turbines, tablet computers, advanced military technology, laser
repeaters, and superconductors.
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Additionally, they are also used as catalysts in petroleum refining & automotive and as pigments in ceramics and glass.
Metals such as Neodymium are widely used in the manufacturing of permanent magnets. This is projected to directly
impact the demand for neodymium which is one of the maximum consumed rare earth metal. Additionally, the
developing automobile industry is anticipated to enhance the demand for magnets, in turn, are projected to drive rare

earth metals market demand. Another major factor driving the rare earth metals market is the increasing use of these
elements as a metal catalyst. Lanthanum and Cerium are widely used as catalyst in petroleum and metallurgical
refining process. Hence, it expected to significantly increase the demand for lanthanum and cerium which has
accounted for over 50.0 % of global rare earth metal consumption in 2012.
Despite the vast application scope for these metals, the market faces significant restraint in the form of depleting
reserves and unavailability of raw material. In the recent past, over 90.0 % of these elements were extracted in China,
and this has led to rising supple demand gap in several other parts of the world. The expected depleting prevailing
reserves of rare earth metal include dysprosium and neodymium since the consumption is projected to increase
drastically over the forecast period owing to increasing consumption by end users such as electrical vehicles and the
wind turbines industry. Furthermore, the environmental threats of mining have enforced several countries such as
China to impose a ban on extreme mining to restrain exploitation of resources.
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The major rare earth metals include Lanthanum, Yttrium, Dysprosium, Cerium, Praseodymium, Neodymium and
Gadolinium. Cerium was the maximum consumed metal, accounting for over 35.0 % of global rare earth market
consumption in recent past. Cerium is extensively used as a rare earth metal catalyst in refining and metallurgy process.
The rising industrialization in emerging economies is anticipated to fuel the demand for cerium over the next eight
years. Lanthanum was recorded as the second highest consumed metal with global consumption of more than 40 kilo
tons in recent past. It is also used in a variety of refining and metallurgical activities. Neodymium is one of the most
significant rare earth metals and has its application in permanent magnets. The demand for permanent magnets is
expected to grow significantly owing to its increasing use in electronic and automobile application.
Metallurgy, magnets, glass, polishing, and catalyst are main applications for the rare earth metals market. Magnets
were the biggest application segment for this market. The rising use of magnets in automotive and wind turbine is
expected to fuel the sales of these metals. Catalyst and metallurgy were the largest application markets for these
metals accounting for over 35.0 % of the revenue in recent past. Asia Pacific is anticipated to be account for major
market share over the forecast period mainly due to the growing awareness regarding its industrial advantages and
presence of rich natural resource reserves. China constitutes more than 90% rare earth metals manufacturing, thus
creating a huge demand and supply gap in the sector. Hence, creating new opportunities for emerging manufacturers
that are anticipated to cater the growing end-user demand from electric vehicle industry coupled with wind turbine
industry.
North America and Europe are anticipated to witness significant growth over the next eight years owing to the
presence of high reserves of rare earth metals and rising demand from end-user industries. Particularly the US,
Germany, France, the UK, and Italy are projected to account for highest growth in the region majorly due to growing
demand for big 5 elements and rising R&D endeavors to enhance quality and properties. The Middle East & Africa is
projected to see significant growth by 2024 mainly owing to increasing urbanization, globalization, and

industrialization. The market has huge potential in this region primarily owing to growing economic development, and
rising purchasing power parity. Molycorp Inc. and China Northern rare Earth Group High-Tech Co Ltd account for major
market share and presently considered as largest companies manufacturing rare earth metals. Few other market
vendors include Canada rare Earths Ltd, China rare Earth Holdings, Alkane, Avalon, Arafura, Lynas Corporation Limited
and Great Western Mineral Group.
Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million
USD), market share and growth rate of Rare Earth Metals in these regions, from 2013 to 2025 (forecast), covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India
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Global Rare Earth Metals market competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
• Beifang Rare Earth
• Integral Materials Investment Vietnam
• Chenguang Rare Earths New Material
• Sunlux Rare Metal
• Grirem Advanced Materials
• Baotou Xinye New Materials

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each
type, primarily split into
• Single Rare Earth Metal
• Mixed Rare Earth Metal
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On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end
users, consumption (sales), market share and growth rate for each application, including
• Metallurgy
• Rare Earth Permanent Magnet Material
• Hydrogen Storage Material
• Other

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