세계의 희토류 금속 시장 : 제품별, 유형별, 용도별, 지역별 예측(-2030년)

According to Stratistics MRC, the Global Rare Earth Metal Market is accounted for $6.86 billion in 2024 and is expected to reach $15.39 billion by 2030 growing at a CAGR of 14.0% during the forecast period. Rare earth metals are a group of 17 chemical elements in the periodic table, including scandium, yttrium, and the lanthanides. Despite their name, they are relatively abundant in the Earth's crust but are challenging to extract and refine due to their similar chemical properties. These metals are crucial in various high-tech applications such as magnets (neodymium, samarium), catalysts (cerium, lanthanum), and electronics (europium, gadolinium). Their unique magnetic, luminescent, and catalytic properties make them indispensable in modern technologies, from smartphones and wind turbines to medical imaging devices. China currently dominates global production, posing geopolitical implications due to its strategic importance.

According to the World Nuclear Association, two nuclear reactors are under construction in the U.S country.

Market Dynamics:

Driver:

Global demand for technology

The global demand for technology is a significant driver of the rare earth metal (REM) market due to their indispensable use in high-tech applications. REMs such as neodymium, dysprosium, and yttrium are crucial for manufacturing electronics, renewable energy technologies (like wind turbines and electric vehicles), and advanced medical equipment. As technology advances, the need for REMs increases, influencing their market dynamics. This demand is fueled by trends like the rise of electric vehicles, the expansion of 5G networks, and growth in renewable energy sources, all of which heavily rely on REMs for their performance and efficiency.

Restraint:

Limited global production capacity

Limited global production capacity in the rare earth metals market is the constrained ability of mining and processing facilities worldwide to meet the growing demand for these critical elements. Factors such as complex extraction processes, environmental regulations, and geopolitical considerations restrict the expansion of production capabilities. This limitation contributes to supply shortages and price volatility in the rare earth metals market, impacting industries reliant on these materials for advanced technologies like electronics, renewable energy systems, and defense applications.

Opportunity:

Clean energy technologies

Clean energy technologies heavily rely on rare earth metals (REMs) due to their unique magnetic, luminescent, and catalytic properties essential for applications like wind turbines, electric vehicles (EVs), and solar panels. The growth of these technologies has created a significant opportunity in the rare earth metal market, driving demand for elements such as neodymium, dysprosium, and terbium. As global efforts intensify to reduce carbon emissions, the demand for REMs is expected to rise further. However, the market faces challenges, including supply chain vulnerabilities and environmental concerns related to mining and processing. Investment in recycling and sustainable extraction technologies presents avenues for mitigating these challenges while capitalizing on the expanding clean energy sector.

Threat:

Trade policies and tariffs

Trade policies and tariffs can significantly impact the rare earth metal (REM) market due to its global supply chain. Governments imposing tariffs on REMs, which are critical for high-tech industries, can disrupt supply and increase costs for manufacturers. This threat arises because REM production is concentrated in a few countries, primarily China, making global supply vulnerable to geopolitical tensions and trade disputes. Higher tariffs can lead to retaliatory measures, further destabilizing market access and prices for REMs essential in electronics, renewable energy, and defense technologies.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the rare earth metals market due to disruptions in global supply chains and reduced industrial activity worldwide. These metals, crucial for high-tech industries like electronics and renewable energy, faced supply shortages and price fluctuations. Travel restrictions hindered mining operations and transportation, limiting production and delivery. Moreover, fluctuating demand for consumer electronics and electric vehicles further influenced market dynamics. As economies recover, the rare earth metals market is expected to stabilize, driven by renewed industrial activity and investments in green technologies.

The yttrium segment is expected to be the largest during the forecast period

Yttrium, a rare earth metal, has seen notable growth due to its diverse industrial applications. It is essential in phosphors used for LED screens and energy-efficient lighting, contributing to the global push for sustainability. Yttrium's demand has also risen in the production of superconductors and various alloys, enhancing its significance in advanced technologies like MRI scanners and aerospace components. This growth is further fueled by its unique properties that make it indispensable in high-tech and green energy sectors, highlighting its crucial role in shaping modern industrial developments and innovations.

The metallurgy segment is expected to have the highest CAGR during the forecast period

The metallurgy segment in the rare earth metal market has seen significant growth due to its crucial role in various high-tech applications. Rare earth metals like neodymium, dysprosium, and terbium are indispensable in the production of powerful magnets used in electric vehicles (EVs), wind turbines, and electronics. As global demand for clean energy solutions and advanced technologies continues to rise, so does the need for these specialized metals. Metallurgical processes tailored for extracting and refining rare earth metals have thus become pivotal in meeting this demand.

Region with largest share:

In recent years, North America has shown significant growth in the rare earth metal market, driven by several factors. One key factor is the region's strategic focus on reducing dependency on Chinese supply, which has historically dominated global production. Investments in new mining projects and technological innovations in extraction and processing have bolstered domestic production capacity. Additionally, heightened awareness of the critical role rare earth metals play in high-tech industries like electronics, renewable energy, and defense has spurred demand.

Region with highest CAGR:

The Asia-Pacific region has experienced significant growth in the rare earth metals market due to several factors. Countries like China dominate production, accounting for a major share of global output. Demand has surged, driven by technological advancements in electronics, renewable energy technologies and defense applications. Moreover, geopolitical shifts have underscored the strategic importance of rare earths, prompting nations in the region to bolster production and processing capabilities. This growth trajectory is further supported by ongoing research into recycling and alternative sources to mitigate supply chain risks and environmental concerns associated with traditional extraction methods.

Key players in the market

Some of the key players in Rare Earth Metal market include Alkane Resources Ltd., Aluminum Corporation of China Ltd, Arafura Resources Ltd., Avalon Advanced Materials Inc., Canada Rare Earth Corporation, China Minmetals, China Nonferrous Metal Industry's Foreign Engineering and Construction Co. Ltd, Great Western Minerals Group Ltd., Iluka Resources Limited, Indian Rare Earth, Lynas Corporation Ltd., Minmetals Land Limited, Molycorp Inc., NORTHERN MINERALS, Peak Resources, Rare Element Resources Ltd, Rio Tinto, Shin-Etsu Chemical Co. Ltd, Ucore Rare Metals Inc. and Xiamen Tungsten Co. Ltd.

Key Developments:

In June 2024, Serbia is poised to grant Rio Tinto RIO approval to develop Europe's largest lithium mine. The Jadar project, which was suspended in 2022, could start production by 2028, providing Europe with metal much needed for its electric vehicle (EV) industry.

In November 2023, Rare Element Resources has announced the completion of the US Department of Energy (DoE) Office of Energy Efficiency and Renewable Energy's National Environmental Policy Act (NEPA) review, for the construction of a rare earth processing and separation demonstration plant in Wyoming.

Products Covered:

• Dysprosium
• Europium
• Holmium
• Lutetium
• Praseodymium
• Samarium
• Terbium
• Ytterbium
• Cerium
• Erbium
• Gadolinium
• Lanthanum
• Neodymium
• Promethium
• Scandium
• Thulium
• Yttrium
• Other Products

Types Covered:

• Lanthanum Oxide
• Yttrium Oxide
• Cerium Oxide
• Neodymium Oxide
• Other Types

Applications Covered:

• Catalysts
• Polishing
• Phosphors
• Ceramics
• Glass
• Metallurgy
• Magnets
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Rare Earth Metal Market, By Product

• 5.1 Introduction
• 5.2 Dysprosium
• 5.3 Europium
• 5.4 Holmium
• 5.5 Lutetium
• 5.6 Praseodymium
• 5.7 Samarium
• 5.8 Terbium
• 5.9 Ytterbium
• 5.10 Cerium
• 5.11 Erbium
• 5.12 Gadolinium
• 5.13 Lanthanum
• 5.14 Neodymium
• 5.15 Promethium
• 5.16 Scandium
• 5.17 Thulium
• 5.18 Yttrium
• 5.19 Other Products

6 Global Rare Earth Metal Market, By Type

• 6.1 Introduction
• 6.2 Lanthanum Oxide
• 6.3 Yttrium Oxide
• 6.4 Cerium Oxide
• 6.5 Neodymium Oxide
• 6.6 Other Types

7 Global Rare Earth Metal Market, By Application

• 7.1 Introduction
• 7.2 Catalysts
• 7.3 Polishing
• 7.4 Phosphors
• 7.5 Ceramics
• 7.6 Glass
• 7.7 Metallurgy
• 7.8 Magnets
• 7.9 Other Applications

8 Global Rare Earth Metal Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Alkane Resources Ltd.
• 10.2 Aluminum Corporation of China Ltd
• 10.3 Arafura Resources Ltd.
• 10.4 Avalon Advanced Materials Inc.
• 10.5 Canada Rare Earth Corporation
• 10.6 China Minmetals
• 10.7 China Nonferrous Metal Industry's Foreign Engineering and Construction Co. Ltd
• 10.8 Great Western Minerals Group Ltd.
• 10.9 Iluka Resources Limited
• 10.10 Indian Rare Earth
• 10.11 Lynas Corporation Ltd.
• 10.12 Minmetals Land Limited
• 10.13 Molycorp Inc.
• 10.14 NORTHERN MINERALS
• 10.15 Peak Resources
• 10.16 Rare Element Resources Ltd
• 10.17 Rio Tinto
• 10.18 Shin-Etsu Chemical Co. Ltd
• 10.19 Ucore Rare Metals Inc.
• 10.20 Xiamen Tungsten Co. Ltd