Global development of rare earth elements market shows

𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭𝐏𝐨𝐢𝐬𝐞𝐝 𝐆𝐫𝐨𝐰𝐭𝐡

The rare earth elements market is expected to grow from USD 7.5 billion in 2023 to USD 16.9 billion by 2030, at a compound annual growth rate (CAGR) of 12.3%.

What do you think? 𝐒𝐞𝐜𝐮𝐫𝐞𝐲𝐨𝐮𝐫𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭𝐭𝐨𝐝𝐚𝐲:https://www.maximizemarketresearch.com/request-sample/99093/

𝐕𝐢𝐞𝐭𝐧𝐚𝐦’𝐬 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

Vietnam has approximately 20% of the world’s rare earth reserves and is a center of international cooperation. A notable development is a joint venture between South Korea’s Trident Global Holdings and US-based Zoetic Global to jointly develop a premium rare earth mine in Lai Chau province in partnership with Vietnam’s Hung Hai Group. The initiative aims to strengthen sustainable rare earth extraction and processing and ensure stable supplies to global industry.

𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝’𝐬𝐑𝐚𝐫𝐞𝐄𝐚𝐫𝐭𝐡

Rare earth-related industrial activities are rapidly increasing in Thailand. The establishment of the $486 million facility by China’s 𝐁𝐘𝐃 highlights Thailand’s strategic importance in the Southeast Asian market. The facility will produce 150,000 units per year and will serve both the domestic market and international markets, including Europe.

𝐉𝐚𝐩𝐚𝐧’𝐬 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬

Japan is Proterial, a leader in magnet production. Through efforts to reduce dependence on imports from China, the aim is to reduce dependence on imports from China from more than 90% to 58% within 10 years, and to less than 50% by 2025.

𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚’𝐬 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧

South Korea is actively strengthening its rare earth capabilities. 𝐏𝐨𝐬𝐜𝐨 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 in partnership with 𝐒𝐭𝐚𝐫 𝐆𝐫𝐨𝐮𝐩 By 2025, the company will supply permanent magnets to automakers in Germany and the US, and will source materials from the US, Australia and Vietnam. This cooperation represents South Korea’s commitment to ensuring a stable supply chain of critical materials.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞’𝐬

Singapore is emerging as a hub for the rare earth elements market, with a focus on advanced materials processing and technological innovation. The country’s strategic location and strong infrastructure make it an attractive destination for companies looking to establish a foothold in the Asia-Pacific region.

𝐔.𝐒. 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡

The United States is stepping up efforts to reduce its dependence on rare earth supplies from overseas. Companies like 𝐋𝐲𝐧𝐚𝐬 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡𝐬 are building a heavy rare earth processing plant in Texas with the support of $288 million in U.S. defense funding, with plans to begin operations by 2026. 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 is building a rare earth magnet manufacturing facility in Texas with the goal of producing finished magnets by late 2025.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭
𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

Europe is working to revitalize its rare earth industry to meet the growing demand for green technology. Belgian chemical manufacturer 𝐒𝐨𝐥𝐯𝐚𝐲 is expanding its operations in France with the aim of starting the separation and production of rare earth oxides needed to make permanent magnets by 2025. Despite these efforts, major hurdles include public opposition, limited funding and cheap imports from China. .

𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞

𝐛𝐲 𝐌𝐞𝐭𝐚𝐥

lanthanum
cerium
neodymium
praseodymium
samarium

In terms of total amount, cerium was the most widely used element in metals in 2023. The growing popularity of hybrid vehicles is expected to increase the demand for rare earths during the forecast period. The amount of praseodymium is expected to increase at a CAGR of 6.4% between 2024 and 2030. In aircraft engines, it is used as an alloying agent with magnesium to create high-strength metals. With the number of travelers from all over the world, the demand for air tickets is also increasing. In February 2017, General Electric’s subsidiary GE Aviation committed $12.3 billion to expand its aircraft engine production capacity. This is expected to increase the demand for praseodymium during the forecast period.

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

permanent magnet
metal alloy
polishing
additive
catalyst
phosphor

In terms of volume and revenue, the most widely used field in 2023 was magnet applications. Applications include speakers, sensors, servo motors, linear actuators, and computer hard drives. Increased demand for magnets in household appliances, turbines and automobiles is expected to increase the usage of rare earth elements over the forecast period. From 2024 to 2030, revenue from ceramic applications is expected to grow at a compound annual growth rate (CAGR) of 7.0%. In the ceramic field, yttrium, lanthanum, cerium, neodymium, and praseodymium are commonly used in engineering, electronics, and tile applications. Ceramic World Web reports that ceramic tile production increased by 2.2% from 2016 to 2017.

𝐄𝐱𝐜𝐢𝐭𝐞𝐝 𝐭𝐨 𝐝𝐢𝐯𝐞 𝐢𝐧?Follow𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐮𝐧𝐜𝐨𝐯𝐞𝐫 𝐢𝐭𝐬 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬:https://www.maximizemarketresearch.com/request-sample/99093/

𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐄𝐥𝐞𝐦𝐞𝐧𝐭𝐬

Part 01: Executive Summary

Part 02: Scope of the Global Rare Earth Elements Market Report

Part 03: Global Rare Earth Elements Market Outlook

Part 04: Global rare earth elements market size

Part 05: Global Rare Earth Elements Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Situation

Part 08: Geographic Landscape

Part 09: Decision-making framework

Part 10: Drivers and challenges

Part 11: Market trends

Part 12: Vendor status

Part 13: Vendor analysis

𝐈𝐧𝐭𝐫𝐢𝐠𝐮𝐞𝐝 𝐭𝐨 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬? 𝐒𝐞𝐜𝐮𝐫𝐞𝐲𝐨𝐮𝐫𝐡𝐚𝐧𝐝𝐬-𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:https://www.maximizemarketresearch.com/request-sample/99093/

𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥

1. Ucore Rare Metals Co., Ltd.
2. Arafura Resources Limited
3. Alkan Resources Co., Ltd.
4. Linus Co., Ltd.
5. Avalon Advanced Materials, Inc.
6. Canadian Rare Earth Corporation
7. Iruka Resources Limited
8. Baotou Jinmeng Rare Earth Co., Ltd.
9. Northern Minerals Limited
10. Shin-Etsu Chemical Co., Ltd.
11. China Minmetals Rare Earth Co., Ltd.
12. China Northern Rare Earth (Group) High-tech Co., Ltd.
13. Iluka Resource Ltd (Australia)

𝐅𝐨𝐫 𝐝𝐞𝐞𝐩𝐞𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐩𝐞𝐫𝐮𝐬𝐞𝐭𝐡𝐞 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭:https://www.maximizemarketresearch.com/market-report/rare-earth-elements-market/99093/

𝐊𝐞𝐲𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐚𝐫𝐞 𝐄𝐚𝐫𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭𝐚𝐫𝐞:

What are global rare earth elements?
What is the growth rate of the global rare earth elements market?
What is the global rare earth elements market size in 2023?
What are the future opportunities and trends in the global rare earth elements market?
What are the different segments of the global rare earth elements market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the global Rare Earth Elements market?
What segments are covered in the global rare earth elements market?
What are the factors expected to drive the growth of the global rare earth elements market?
What growth strategies are players considering to increase their global rare earth elements presence?
What are the key players and their portfolios in the global rare earth elements market?
Who are the key players in the global rare earth elements market?
What is the CAGR of the global rare earth elements market to grow during the forecast period?

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past market size and competitive environment (2018-2023)
Historical prices and regional price curves (2018-2023)
Market size, share, size, and forecast by segment | 2024-2030
Market Dynamics – Regional Growth Drivers, Constraints, Opportunities and Key Trends
Market Segmentation – Detailed analysis by segment including sub-segments and regions
Competitive environment – Profiles of key companies selected by region from a strategic perspective
Competitive environment – ​​market leaders, market followers, regional players
Competitive benchmarking of major companies by region
pestle analysis
Porter’s analysis
Value chain and supply chain analysis
Legal aspects of doing business by region
Advantageous business opportunities through SWOT analysis
Recommendations

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