세계의 세륨 시장 : 예측(2025-2030년)

The global cerium market is projected to grow at a CAGR of 3.56% between 2025 to 2030.

Cerium is a Rare Earth metal element that tarnishes when exposed to atmospheric air. This element is extracted from the ores of Bastnasite and Monazite. It is generally sold in oxide powder form. Cerium oxide is the crucial outlet of cerium having wider adaptability across several industry verticals. The oxide is used in glass and ceramics production, particularly as an addition to glass metal and ceramic glasses, refractory ceramics and glass polishing, catalysts, and others. In pure form, the metal is used in casting alloys, in addition to aluminum, iron, battery, magnesium, and vacuum alloys. The prime reason driving the market growth is the increased adoption of cerium oxide and ceramics across the glass, petroleum, refinery, and other industries. Robust growth in the end-user industry is projected to support the market growth during the forecasted period.

Global cerium market drivers

• Increased Global Mining Production of Rare Earth Elements

One of the prime reasons driving the cerium industry's growth is the rising mining of rare earth metals globally. A report published by the US Geographical Survey in January 2021 states that the global mine production of Rare Earth metals increased significantly from 190,000 metric tons in 2018 to 240,000 in 2020. Furthermore, according to the report published by the US Geological Survey, Mineral Commodity Summaries in January 2022, the estimated value of rate-earth compounds and metals that were imported by the United States in 2021 increased from 2020, with their values increasing from US$ 109 million in 2020 to US$ 160 million in 2021. Furthermore, the rate earth was distributed in catalysts consisting of 74%, followed by ceramics and glass consisting of 10%, metallurgical applications and alloys with 6%, polishing with 4%, and others with 6%.

China accounts for the largest production of Rare Earth metals, followed by the USA, Myanmar, and Australia. Increased production of rare Earth metals is expected to significantly contribute towards the production of cerium and hence support the industry's supply side market.

Furthermore, China North Rare Earth Corp was allocated a mining quota for light rare earth of 94,580 tonnes and a smelting quota of 88,010 tonnes in February 2024, resulting in a total mining quota of 40,420 tonnes. This included 30,280 tonnes for light rare earth, 10,140 for ion-absorbed rare earth (medium and heavy rare earth), and a total smelting quota of 38,990 tonnes. Rare earth quotas for Xiamen Tungsten and Guangdong Rare Earth Industry Group have been included in the quotas of China Rare Earth Group for 2024 following moves by China Rare Earth Group to further integrate its rare earth resources over the past year.

Global cerium market geographical outlook

• The Asia Pacific region will dominate the global cerium market during the forecast period.

The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.

The cerium market in the Asia-Pacific (APAC) region is witnessing significant growth in great proportions, and this is mostly attributed to the growing use of rare earth elements in a range of industries. As a crucial component in the manufacturing of alloys, catalysts, and glass polishing agents, cerium's applications are expanding, particularly in the electronics and automotive sectors.

In addition, the automotive industry of the APAC region is also expected to be a significant contributor to the cerium's market growth. Cerium contains some catalytic properties that assist in the control of vehicular emissions when the world is striving for emission reduction. As the promotion of eco-friendly strategies takes root, the need for more advanced rare earth elements like cerium, which are essential in clean vehicle strategies, becomes inevitable. Likewise, cerium recycling from electronic products is becoming a trend that is leading to new markets as manufacturers are changing their ways of sourcing this essential component for low-carbon technologies.

There are, however, some constraints to these favorable growth factors. Due to increasing mining activities, there could be fluctuations in cerium prices, which could compromise market structures. Countries attempting to diversify their import sources away from China face a new danger because China is the primary producer of cerium.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The global cerium market is analyzed into the following segments:

By Application

• Polishing
• Catalysing
• Others

By End-user Industry

• Glass
• Automotive
• Petroleum and Chemical Processing
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Rest of South America
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• UAE
• Rest of the Middle East and Africa
• Asia Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Rest of Asia-Pacific

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base and Forecast Years Timeline
• 1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Process

3. EXECUTIVE SUMMARY

• 3.1. Key Findings
• 3.2. Analyst View

4. MARKET DYNAMICS

• 4.1. Market Drivers
  • 4.1.1. Increased Global Mining Production of Rare Earth Elements
• 4.2. Market Restraints
  • 4.2.1. Threats from Substitutes
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. The Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis

5. GLOBAL CERIUM MARKET BY APPLICATION

• 5.1. Introduction
• 5.2. Polishing
• 5.3. Catalysing
• 5.4. Others

6. GLOBAL CERIUM MARKET BY END-USER INDUSTRY

• 6.1. Introduction
• 6.2. Glass
• 6.3. Automotive
• 6.4. Petroleum and Chemical Processing
• 6.5. Others

7. GLOBAL CERIUM MARKET BY GEOGRAPHY

• 7.1. Global Overview
• 7.2. North America
  • 7.2.1. United States
  • 7.2.2. Canada
  • 7.2.3. Mexico
• 7.3. South America
  • 7.3.1. Brazil
  • 7.3.2. Argentina
  • 7.3.3. Rest of South America
• 7.4. Europe
  • 7.4.1. United Kingdom
  • 7.4.2. Germany
  • 7.4.3. France
  • 7.4.4. Italy
  • 7.4.5. Spain
  • 7.4.6. Rest of Europe
• 7.5. Middle East and Africa
  • 7.5.1. Saudi Arabia
  • 7.5.2. United Arab Emirates
  • 7.5.3. Rest of the Middle East and Africa
• 7.6. Asia-Pacific
  • 7.6.1. China
  • 7.6.2. India
  • 7.6.3. Japan
  • 7.6.4. South Korea
  • 7.6.5. Taiwan
  • 7.6.6. Thailand
  • 7.6.7. Indonesia
  • 7.6.8. Rest of Asia-Pacific

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 8.1. Major Players and Strategy Analysis
• 8.2. Market Share Analysis
• 8.3. Mergers, Acquisitions, Agreements, and Collaborations
• 8.4. Competitive Dashboard

9. COMPANY PROFILES

• 9.1. NEO
• 9.2. Rainbow Rare Earths
• 9.3. Hefa rare Earth
• 9.4. Shepherd Chemical Company
• 9.5. American Elements
• 9.6. Lynas Rare Earths
• 9.7. Avalon Advanced Materials
• 9.8. Arafura Resources Ltd.