May 20, 2022 05:38 ET | Source: Research and Markets Research and Markets
Dublin, May 20, 2022 (GLOBE NEWSWIRE) -- The "Rare Earth Elements Market - Global Industry Analysis (2018 - 2021) - Growth Trends and Market Forecast (2022-2026)" report has been added to ResearchAndMarkets.com's offering. According to the publisher, the global rare earth elements market exhibits 2x growth potential with a CAGR of 10.2% between 2022 and 2026. The market is expected to reach a valuation of US$7.3 Bn by the end of 2026 from US$3.5 Bn in 2020. The worldwide rare earth elements market is anticipated to grow at a promising pace over the prophesied period. Exceptional performance and growing recognition of rare earth elements have gained prominence across the globe. Increasing usage of rare earth elements in aerospace (scandium), and permanent magnet applications are creating lucrative market opportunities and driving tremendous growth across the rare earth elements market. Moreover, the rising concerns about growing pollution have driven the economies toward "Green Technology". These rare earth elements efficiently address various issues related to the pollutants in engine exhaust systems and are subsequently experiencing an increase in their demand. On the whole, the rare earth elements market is thriving with the soaring demand from emerging economies and greater dependency on sustainable resources. Staunch Highlights of Rare Earth Elements Market:
Sophisticated Demand for Magnet Unfolds Positive Dynamics for Rare Earth Elements Market
Rare earth elements find their applications across a wide range of areas from functional ceramics to defense applications and magnets to glass. Magnets hold a significant fraction of application rare earth elements. Magnets are extensively used in a huge spectrum of industries viz electronics, power generation, medical, and automotive. This has raised the demand for magnets over the recent years. Soaring consumption of EVs, wind turbine technologies, and consumer electronics have garnered magnets a share of 30% in overall rare earth elements volume.
Additional use of magnets in diverse medical equipment such as pacemakers, MRI machines, insulin pumps, and sleep apnea machines have further fueled the demand for these elements. An uptick in demand and growing usage of magnets are driving the global rare earth elements market toward fruition. Asia Pacific Gains Regional Dominance - Strong Uptake of Rare Earth Elements, Robust Investments in Offshore Wind Farms Create Headways for Market Expansion
The Asia Pacific garners the top position in the global rare earth element market. Presence of major automotive and electronics manufacturers puts China at the beating heart of the rare earth elements market. Recently, China has observed a proliferation in extraction activities and industrialization. As the implications of these factors unfold, the demand for rare earth elements has risen incessantly, making APAC the fastest-growing region in terms of consumption. Going forward, the robust investments in offshore wind farms along with the healthcare industry and growing vehicle electrification are set to propel abundant gains throughout the forecasted period. Iluka Resources Limited, Aluminum Corp of China, Arafura Resources Limited, and Lynas Rare Earths Ltd. are a few competitive entities operating in the global rare earth elements market. Key Topics Covered: 1. Executive Summary 2. Market Overview 2.1. Market Definitions and Segmentations 2.2. Market Dynamics 2.2.1. Drivers 2.2.2. Restraints 2.2.3. Market Opportunities 2.3. Value Chain Analysis 2.4. Porter's Five Forces Analysis 2.5. Covid-19 Impact Analysis 2.5.1. Supply 2.5.2. Demand 2.6. Economic Overview 2.6.1. World Economic Projections 2.6.2. Electric Car Registrations and Market Share, 2015-2021 2.6.3. Electric Motor Technology Trends and Breakdown 2.6.4. Upcoming Offshore Capacity, Asia Pacific, 2020 - 2025 3. Production Output and Trade Statistics 3.1. Production Output, 2018-2021 3.2. Global Reserves and Refined Supply 3.3. Trade Statistics, 2018-2020 4. Price Trends Analysis and Future Projects, 2018 - 2026 4.1. Global Average Price Analysis, by Product, US$ per Kg 4.2. Global Average Price Analysis, by Region, US$ per Kg
5. Global Rare Earth Elements (REE) Market Outlook, 2018 - 2026
6. North America Rare Earth Elements (REE) Market Outlook, 2018 - 2026
7. Europe Rare Earth Elements (REE) Market Outlook, 2018 - 2026
8. Asia Pacific Rare Earth Elements (REE) Market Outlook, 2018 - 2026
9. Latin America Rare Earth Elements (REE) Market Outlook, 2018 - 2026
10. Middle East & Africa Rare Earth Elements (REE) Market Outlook, 2018 - 2026
11. Competitive Landscape 11.1. Product vs Application Heatmap 11.2. Rare Earth Elements (REE) Market Structure 11.3. Company Market Share Analysis, 2021 11.4. Key Existing and Upcoming Projects Outside China 11.5. Company Profiles 11.5.1. China Northern Rare Earth (Group) High-Tech Co. Ltd. 11.5.1.1. Company Overview 11.5.1.2. Product Portfolio 11.5.1.3. Financial Overview 11.5.1.4. Business Strategies and Development 11.5.2. China Minmetals Rare Earth Co. Ltd. 11.5.2.1. Company Overview 11.5.2.2. Product Portfolio 11.5.2.3. Financial Overview 11.5.2.4. Business Strategies and Development 11.5.3. Jiangxi Copper Corporation Limited 11.5.3.1. Company Overview 11.5.3.2. Product Portfolio 11.5.3.3. Financial Overview 11.5.3.4. Business Strategies and Development 11.5.4. Shenghe Resources Holdings Co. Ltd. 11.5.4.1. Company Overview 11.5.4.2. Product Portfolio 11.5.4.3. Financial Overview 11.5.4.4. Business Strategies and Development 11.5.5. Xiamen Tungsten Co., Ltd. 11.5.5.1. Company Overview 11.5.5.2. Product Portfolio 11.5.5.3. Production Capacities 11.5.5.4. Business Strategies and Development 11.5.6. Guangdong Rare Earth Industry Group Co., Ltd. 11.5.6.1. Company Overview 11.5.6.2. Product Portfolio 11.5.6.3. Business Strategies and Development 11.5.7. Grinm Advanced Materials Co., Ltd. 11.5.7.1. Company Overview 11.5.7.2. Product Portfolio 11.5.7.3. Production Capacities 11.5.7.4. Business Strategies and Development 11.5.8. China Rare Earth Holdings Limited 11.5.8.1. Company Overview 11.5.8.2. Product Portfolio 11.5.8.3. Production Capacities 11.5.8.4. Business Strategies and Development 11.5.9. MP Materials 11.5.9.1. Company Overview 11.5.9.2. Product Portfolio 11.5.9.3. Production Capacities 11.5.9.4. Business Strategies and Development 11.5.10. Lynas Rare Earths, Ltd. 11.5.10.1. Company Overview 11.5.10.2. Product Portfolio 11.5.10.3. Production Capacities 11.5.10.4. Business Strategies and Development 11.5.11. IREL Limited 11.5.11.1. Company Overview 11.5.11.2. Product Portfolio 11.5.11.3. Production Capacities 11.5.11.4. Business Strategies and Development 12. Appendix For more information about this report visit https://www.researchandmarkets.com/r/877gm8