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The global rare earth elements market grew at a CAGR of around 7% during 2015-2020. 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. Looking forward, IMARC Group expects the global rare earth elements market to continue its strong growth during 2021-2026.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global rare earth elements market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region and type.

Breakup by Type:

Magnets
NiMH Batteries
Auto Catalysts
Diesel Engines
Fluid Cracking Catalyst
Phosphers
Glass
Polishing Powders
Others

Breakup by Region:

China
Japan & Northeast Asia
United States

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目次

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting 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
9.2.1.1 Elements Overview & Supply Risks
9.2.1.2 Supply & Demand
9.2.2 Yttrium
9.2.2.1 Elements Overview & Supply Risks
9.2.2.2 Supply & Demand
9.2.3 Lanthanum
9.2.3.1 Elements Overview & Supply Risks
9.2.3.2 Supply & Demand
9.2.4 Cerium
9.2.4.1 Elements Overview & Supply Risks
9.2.4.2 Supply & Demand
9.2.5 Dysprosium
9.2.5.1 Elements Overview & Supply Risks
9.2.5.2 Supply & Demand
9.2.6 Samarium
9.2.6.1 Elements Overview & Supply Risks
9.2.6.2 Supply & Demand
9.2.7 Europium
9.2.7.1 Elements Overview & Supply Risks
9.2.7.2 Supply & Demand
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