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
