Global Rare Earth Elements Markets Report 2022 with Focus on China’s Role in the $18.4 Billion Industry – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Rare Earth Elements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

The global rare earth elements market size reached US$ 8.3 Billion in 2021. Looking forward, the market is set to reach US$ 18.4 Billion by 2027, exhibiting a CAGR of 14.19% during 2021-2027

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Rare earth element (REE) is a group of seventeen elements that are found in the earth’s crust and exhibit similar chemical and physical properties. Cerium, neodymium, erbium, holmium, lanthanum, praseodymium, yttrium, and dysprosium are some of the widely used rare earth elements.

These elements offer numerous benefits, such as high electrical conductivity, enhanced heat resistance, improved magnetism, weight reduction, etc. As a result, REEs find diverse applications across various end-use sectors, including automobile, transportation, power generation, construction, medical, defense, etc.

The expanding automobile industry is currently propelling the utilization of rare earth elements for manufacturing catalysts and magnets for motor vehicles.

Furthermore, the rising environmental concerns towards the increasing CO2 emissions from fuel-driven automobiles are augmenting the demand for electric vehicles across the globe. These electric vehicles utilize numerous REE-based permanent magnets, such as neodymium and praseodymium magnets, in the production of high-efficiency batteries.

Additionally, the implementation of stringent regulations pertaining to the mandatory installation of catalytic converters in automobiles to reduce emissions is also driving the market for rare earth elements. Apart from this, the increasing penetration of advanced energy generation facilities is further catalyzing the use of REEs in manufacturing turbines, reactors, generators, transformers, etc.

Moreover, the growing popularity of smart electronic devices, including LED/LCD TVs, smartphones, laptops, smart wearables, etc., is also bolstering the demand for REE-based components.

Additionally, the emergence of fiber optics is further propelling the utilization of various rare earth elements, such as neodymium, erbium, and holmium, for manufacturing high-efficiency fibers.

Key Questions Answered in This Report:

• What are the key factors driving the global rare earth elements market?
• What has been the impact of COVID-19 on the global rare earth elements market?
• What is the breakup of the global rare earth elements market based on the application?
• What are the key regions in the global rare earth elements market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 What are Rare Earth Elements?

5 Rare Earth Elements: Are they Really Rare?

5.1 Reserve Estimates

5.2 How Long Will They Last?

6 Rare Earth Elements: Mining Economics

6.1 Mine Valuation: Grades & Composition are Key

6.2 Development of a New Project: Can Take Several Years

6.3 Rare Earth Mining Costs: Largely Location and Grade Development

6.4 Infrastructure & Capital Costs

6.5 Operating Costs

6.6 Key Projects

6.6.1 Arafura Resources Limited-Noland Project

6.6.2 Nechalacho Rare Earth Elements Project

6.6.3 Kvanefjeld Project-Greenland Minerals & Energy Limited

6.6.4 Dubbo Zirconia-Alkane Resources Limited

6.7 Mining and Processing

6.7.1 Mining

6.7.2 Downstream Processing

6.8 Prices

6.8.1 Factors Affecting Rare Earth Element Prices

6.8.2 Historical Prices

6.8.3 Pricing Forecast

7 China’s Role in the Global Rare Earth Elements Market

7.1 China has a Monopoly Over Rare Earth Elements

7.2 Mining Costs in China Are Significantly Lower Than Other Rare Earth Producers

7.3 Miners Have Benefitted from the Lack of Proper Working Standards and Environmental Regulations

7.4 China Has a Significantly Higher In-house Expertise Compared to Other Rare Earth Producers

7.5 China is Strategically Increasing Production Quotas to Sustain Global Dominance in Rare Earth Elements Market

7.6 China Aims to Become an Exporter of Higher Value Goods

8 Global Rare Earth Elements Market

8.1 Total Sales and Production of Rare Earth Elements

8.2 Production of Rare Earth Elements by Region

8.2.1 Current Operational Mines

8.2.1.1 Bayan Obo, China

8.2.1.2 Longnan, China

8.2.1.3 Xunwu, China

8.2.1.4 India

8.2.1.5 Eastern Coast, Brazil

8.2.1.6 Lahat, Malaysia

8.2.1.7 Mt. Weld, Australia

8.2.1.8 Mountain Pass, United States

8.2.1.9 Nolans, Australia

8.2.1.10 Steenkampskraal, South Africa

8.2.1.11 Kvanefjeld, Greenland

8.2.1.12 Dong Pao, Vietnam

8.2.1.13 Dubbo Zirconia, Australia

8.2.2 Potential Operational Mines

8.2.2.1 Nechalacho, Canada

8.3 Consumption of Rare Earth Elements by Region

8.3.1 China

8.3.2 Japan & Northeast Asia

8.3.3 United States

9 Supply & Demand of Individual Rare Earth Elements

9.1 Elements that will Face Supply Shortages in the Near Future

9.1.1 Praseodymium

9.1.1.1 Elements Overview & Supply Risks

9.1.1.2 Supply & Demand

9.1.2 Neodymium

9.1.2.1 Elements Overview & Supply Risks

9.1.2.2 Supply & Demand

9.2 Elements that be Oversupplied in the Near Future

9.2.1 Terbium

9.2.2 Yttrium

9.2.3 Lanthanum

9.2.4 Cerium

9.2.5 Dysprosium

9.2.6 Samarium

9.2.7 Europium

10 Market by Application

10.1 Magnets

10.2 NiMH Batteries

10.3 Auto Catalysts

10.4 Diesel Engines

10.5 Fluid Cracking Catalyst

10.6 Phosphers

10.7 Glass

10.8 Polishing Powders

10.9 Other Applications

11 Overview on Mining and Processing of Ion-Adsorption Clays

11.1 Current Technologies

11.2 Typical Costs Involved With Processing RE Oxides

12 Overcoming the Potential Shortfalls in Supply

12.1 Stockpiling

12.2 Recycling

12.3 Substitution

12.4 Material Shortfall Strategies by Various Rare Earth Consumers

13 Competitive Landscape

13.1 Market Structure

13.2 Key Players

13.3 Profiles of Key Players

13.3.1 Lynas Corporation Ltd.

13.3.2 Arafura Resources Limited

13.3.3 Great Western Minerals Group Ltd.

13.3.4 Avalon Advanced Materials Inc.

13.3.5 Greenland Minerals Ltd

13.3.6 Alkane Resources Ltd

13.3.7 Neo Performance Materials

13.3.8 Iluka Resource Limited

13.3.9 IREL (India) Limited

13.3.10 Canada Rare Earths Corporation

For more information about this report visit https://www.researchandmarkets.com/r/rtltor

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