Market for Rare-Earth Metals to Experience Incredible Growth by 2029

The market for rare-earth metals was estimated to be worth US$ 4.72 billion in 2021, and it is anticipated that by 2029, the market will have grown to roughly US$ 12.02 billion, with a CAGR of 12.4%.

Rare-Earth Metals Market Overview:

Readers are given a thorough picture of the global market environment in the Maximize Market Research report on the Rare-Earth Metals market This analysis of the Rare-Earth Metals market looks at a scenario from 2021 to 2027, using 2020 as the base year and 2016 to 2019 as the historical era. This study's data-rich research aids users in making critical business decisions.

Market Scope:

The Rare-Earth Metals market was thoroughly investigated for this study, which was supported by secondary and primary sources. The size of the market for Rare-Earth Metals is calculated using a country-by-country model mapping. It uses relevant patent and regulatory sources in addition to private data from internal and other sources. The competitive climate in the market for Rare-Earth Metals is supported by an examination of the many variables that have a micro and granular impact there. Researchers in the Rare-Earth Metals industry create predictions and projections and compute market forecasts by carefully analyzing historical data, current trends, and key business announcements.

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Segmentation:

The market for rare-earth metals is divided into submarkets for Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium, Praseodymium, Promethium, Samarium, Scandium, Terbium, Thulium, and Ytterbium as well as Yttrium based on the products they are used in. In 2021, the cerium sector had the highest market share at 42.8%. In order to lower emissions, cerium is employed as a catalyst in catalytic converters in vehicle exhaust systems. Nickel-metal hydride (NiMH) batteries also include it. The rising demand for hybrid vehicles is anticipated to positively affect the demand for rare earths throughout the course of the forecast period.

Key Players:

• Lynas Corporation
• Alkane Resources
• Arafura Resources
• China Minmetals Rare
• Avalon Advanced Materials
• Iluka Resource
• Canada Rare Earth
• Shin-Etsu Chemical Co. Ltd.
• China Northern Rare Earth
• Molycorp Inc
• Rare Element Resources
• Eutectix
• Indian Rare Earths
• Great Western Minerals
• Frontier Rare Earths.
• Greenland Minerals Energy
• Ucore Rare Metals Inc.
• Medallion Resources Ltd

This report offers market monitoring for a specific area of interest to the client and up-to-date details on strategic initiatives like mergers, acquisitions, partnerships, expansions, and product launches for leading companies on a regional scale for various industries or markets, depending on the length of the client's subscription period. To represent the most latest trends and facts, a team of research professionals continually revises and updates our data. To serve the needs of both private individuals and corporate clients, we have considerable expertise in research and consulting for a wide range of business disciplines. Our knowledgeable team also makes use of a wide range of extra techniques and unique data sources. The top businesses in the Rare-Earth Metals industry are:

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Regional Analysis:

It has been studied in North America (the US, Canada, and Mexico), Europe, Asia-Pacific (China, Japan, South Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), the Middle East, and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). The competitive situation in the area is described in the paper. These insights give market players new chances to succeed and assist them in improving their strategy.

COVID-19 Impact Analysis on Rare-Earth Metals Market:

The Global Rare-Earth Metals Market Research Report gives a summary of the industry based on crucial elements like market size, sales, sales analysis, and major drivers. Over the projected period, the market is expected to grow significantly (2021-2027). This publication also includes the most recent COVID-19 market implications. The spread of the disease has had a significant effect on people's lives all across the world. Markets have been forced to adopt new norms, trends, and tactics as a result. In essence, the study report seeks to provide a broad overview of the initial and projected market projections.

Key Questions Answered in the Rare-Earth Metals Market Report are:

What are the new competitive developments in the Rare-Earth Metals market?
What is the market size, and share of Rare-Earth Metals?
How can I get sample reports/company profiles of the Rare-Earth Metals market?
Who are the potential customers of the Rare-Earth Metals market?
Which are the leading players in the Rare-Earth Metals market?
How can I get company profiles on the top ten players of the Rare-Earth Metals market?
Which region is and will provide more business opportunities for Rare-Earth Metals in the future?
Who are the service providers of the Rare-Earth Metals industry?
What are the key growth strategies of Rare-Earth Metals industry players?

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