Rare Earth Elements Market, Global Outlook and Forecast 2025-2032

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RARE EARTH ELEMENTS MARKET OVERVIEW

The "Global Rare Earth Elements (REE) Market" encompasses a group of 17 chemically similar elements that are crucial for a wide range of industrial applications. These elements include lanthanides, scandium, and yttrium, categorized into Light Rare Earth Elements (LREE) and Heavy Rare Earth Elements (HREE).

MARKET SIZE AND GROWTH

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MARKET SIZE (2024):

APPROXIMATELY USD 13.2 BILLION

PROJECTED MARKET SIZE (2032): AROUND USD 28.4 BILLION

COMPOUND ANNUAL GROWTH RATE (CAGR): 10.1% DURING THE FORECAST PERIOD.

MARKET SEGMENTATION

By Type

Light Rare Earth Elements (LREE)

Lanthanum (La)

Cerium (Ce)

Praseodymium (Pr)

Heavy Rare Earth Elements (HREE)

Europium (Eu)

Gadolinium (Gd)

Terbium (Tb)

By Application

Magnets

Catalysts

Metallurgy & Alloys

Glass & Ceramics

REGIONAL ANALYSIS

Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.

MIDDLE EAST & AFRICA

Emerging markets focusing on crop productivity and water conservation.

EUROPE

Rising demand for biodegradable films due to regulations.

NORTH AMERICA

ASIA-PACIFIC

Strong growth with sustainable farming adoption. Largest and fastest-growing, led by China and India.

KEY PLAYERS

Arafura
Frontier Rare Earths Molycorp
Alkane Resources
Lynas

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