Rare Earth Elements Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Rare Earth Elements Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2020 | Chemical & Materials | PPT format

Report Digest

Rare Earth Elements Market: Overview

The demand within the global rare earth elements market is rising on account of advancements in the field of geochemistry. Geo-studies have continually evolved over the past decades, and this factor has generated fresh revenues within the global market. Rare earth elements are important for understanding metamorphic rock formations, and this is a key consideration from the perspective of market growth. The use of indigenous rocks to study geological structures has generated fresh demand within the global rare earth elements market. The next decade would be crucial in understanding the direction of growth for the global rare earth elements market. This assertion can be attributed to the increased investments that have flown into the rare earth elements market. 

A syndicate report sheds value on some of the prominent factors pertaining to market growth. The global rare earth elements market can be segmented on the basis of end-use, application, and region. The use of rare earth elements in the field of geosciences has garnered momentum in recent times. Intensive research pertaining to rare earth elements has also garnered the attention of the market vendors. 

Global Rare Earth Elements Market: Notable Developments

  • In recent times, China has emerged as the leading manufacturer of rare earth elements. The country is planning to expand its production to unprecedented levels by entering new territories. The country is looking to collaborate with US-based entities in order to increase its total production. This move shall be a huge plus for the growth of the global rare earth elements market. 
  • With the collapse of Molycorp Inc. in 2015, the Australian market for rare earth elements had suffered a huge setback. However, the country is gradually gathering its reigns in the market. Australian vendors are projected to make a comeback in the global rare earth metals market in the years to follow. This factor shall have a favourable impact on the growth of the global market. 

Global Rare Earth Elements Market: Growth Drivers 

  • Improvements in Electric Vehicle Manufacturing 

The use of rare earth elements in the manufacturing of magnets has played an integral role in driving market demand. Electric vehicles have emerged as the central idea within the energy sector. The potential of electric vehicles to overhaul the dynamics of the energy sector is a key consideration from the perspective of market growth. Moreover, several other high-end applications involve the use of rare earth elements. There is a humongous amount of revenues flowing in to the global market. The need for glass and magnet across multiple industries has created fresh opportunities for the market vendors. The growth of the rare earth elements market is a function of advancements in the energy sector

  • Growth of Electronics Industry 

The electronics industry is also a key consumer of rare earth elements, and the stellar size of the former is a central driver of demand. Manufacturing of high-quality mobile phones and headsets has generated tremendous volume of revenues within the global rare earth elements market. The next decade is expected to witness advancements in geological research. Besides, traces of rare earth elements can be a vital indicator of several geological factors. The revenue index of the global rare earth elements market is projected to improve in the years to come.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.