Rare Earth Materials Market
Rare Earth Materials Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Rare Earth Materials Market Size and Growth
The Rare Earth Materials market is experiencing significant growth, driven by increased demand across sectors such as automotive, electronics, and renewable energy. In 2023, the market size is estimated to be approximately $8 billion, with projections indicating continued expansion due to supply chain investments and technological advancements in recycling and processing. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ China Rare Earth
◍ China Minmetals Rare Earth
◍ Jiangxi Copper
◍ Frontier Rare Earths
◍ Avalon Advanced Materials
◍ Baogang
◍ Canada Rare Earth
◍ Arafura Resources
◍ Alkane Resource
◍ Lynas
◍ Molycorp
◍ Greenland Minerals and Energy
◍ Namibia Rare Earths
◍ Indian Rare Earths
◍ Montero Mining and Exploration
The Rare Earth Materials Market features key players like China Rare Earth, Lynas, and Arafura Resources, driving growth through mining, refinement, and innovation. Companies enhance market presence by supplying essential materials for electronics, automotive, and renewable energy sectors, contributing to technological advancements and increased demand.
Sales revenue highlights:
- Lynas: $130 million
- Arafura: $20 million
- China Rare Earth: $1 billion (approx.)
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Market Segmentation
By Application
◍ Permanent Magnets
◍ Phosphors
◍ Others
By Product
Others ◍ Catalysts
◍ Europium ◍ Cerium ◍ Lanthanum ◍ Neodymium ◍ Yttrium
Dysprosium
Terbium
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Market Growth
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$ X Billion USD
