According to market research study published by Gen Consulting Company, the market size of the global rare earth element sector is expected to rise by 40.0 thousand tons with a CAGR of 3.9% by the end of 2028.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global rare earth element market. It traces the market’s historic and forecast market growth. The report identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches. This study also provides an analysis of the impact of the COVID-19 crisis on the rare earth element industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, application, and region. The global market for rare earth element can be segmented by type: cerium, neodymium, lanthanum, dysprosium, terbium, yttrium, scandium, others. The cerium segment captured the largest share of the market in 2021. Rare earth element market is further segmented by application: catalyst, ceramic, phosphor, glass, metallurgy, magnet, others. The magnet segment held the largest share of the global rare earth element market in 2021 and is anticipated to hold its share during the forecast period. Based on region, the rare earth element market is segmented into: North America, Europe, Asia-Pacific, Rest of the World (RoW). In 2021, Asia-Pacific made up the largest share of the rare earth element market.

Market Segmentation
By type: cerium, neodymium, lanthanum, dysprosium, terbium, yttrium, scandium, others
By application: catalyst, ceramic, phosphor, glass, metallurgy, magnet, others
By region: North America, Europe, Asia-Pacific, Rest of the World (RoW)

The global rare earth element market report offers detailed information on several market vendors, including Arafura Resources Limited, China Northern Rare Earth (Group) High-tech Co., Ltd., China Rare Earth Group Co., Ltd., Guangdong Rare Earth Industry Group Co., Ltd., Lynas Rare Earths, Ltd., Rio Tinto plc, Shin-Etsu Chemical Co., Ltd., Ucore Rare Metals Inc., Xiamen Tungsten Co., Ltd., among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global rare earth element market.
– To classify and forecast the global rare earth element market based on type, application, region.
– To identify drivers and challenges for the global rare earth element market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global rare earth element market.
– To identify and analyze the profile of leading players operating in the global rare earth element market.

Why Choose This Report
– Gain a reliable outlook of the global rare earth element market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.