Industry: Chemical & Material
Published Date: 2025-02-24
Pages: 103 Pages
Report ld: 4193279
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Rare Earth Elements Market Size(US$)

CAGR 2025-2031
5.9%
Market Size,2031
USD 4,413
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Rare Earth Elements was valued at US$ 2971 million in the year 2024 and is projected to reach a revised size of US$ 4413 million by 2031, growing at a CAGR of 5.9% during the forecast period.
Rare Earth Element is one of a set of seventeen chemical elements in the periodic table, specifically the fifteen lanthanides, as well as scandium and yttrium. Scandium and yttrium are considered rare-earth elements because they tend to occur in the same ore deposits as the lanthanides and exhibit similar chemical properties.
North American market for Rare Earth Elements is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Rare Earth Elements is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Rare Earth Elements include Arafura, Alkane Resources, Avalon Rare Metals, China Rare Earth Holdings, Indian Rare Earths, Lynas, Great Western Minerals, Greenland Minerals & Energy, Rare Element Resources, Molycorp, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
MARKET SEGMENTATION
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Rare Earth Elements, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Rare Earth Elements.
The Rare Earth Elements market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Rare Earth Elements market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Rare Earth Elements manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Rare Earth Elements manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Rare Earth Elements by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Rare Earth Elements in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Rare Earth Elements Market Overview
1.1 Product Definition
1.2 Rare Earth Elements by Type
1.2.1 Global Rare Earth Elements Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Cerium
1.2.3 Dysprosium
1.2.4 Erbium
1.2.5 Europium
1.2.6 Gadolinium
1.2.7 Holmium
1.2.8 Lanthanum
1.2.9 Lutetium
1.2.10 Neodymium
1.3 Rare Earth Elements by Application
1.3.1 Global Rare Earth Elements Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Magnets
1.3.3 Catalysts
1.3.4 Metallurgy
1.3.5 Polishing
1.3.6 Glass
1.3.7 Phosphors
1.3.8 Ceramics
1.3.9 Other
1.4 Global Market Growth Prospects
1.4.1 Global Rare Earth Elements Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Rare Earth Elements Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Rare Earth Elements Production Estimates and Forecasts (2020-2031)
1.4.4 Global Rare Earth Elements Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Rare Earth Elements Production Market Share by Manufacturers (2020-2025)
2.2 Global Rare Earth Elements Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Rare Earth Elements, Industry Ranking, 2023 VS 2024
2.4 Global Rare Earth Elements Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Rare Earth Elements Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Rare Earth Elements, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Rare Earth Elements, Product Offered and Application
2.8 Global Key Manufacturers of Rare Earth Elements, Date of Enter into This Industry
2.9 Rare Earth Elements Market Competitive Situation and Trends
2.9.1 Rare Earth Elements Market Concentration Rate
2.9.2 Global 5 and 10 Largest Rare Earth Elements Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Rare Earth Elements Production by Region
3.1 Global Rare Earth Elements Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Rare Earth Elements Production Value by Region (2020-2031)
3.2.1 Global Rare Earth Elements Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Rare Earth Elements by Region (2026-2031)
3.3 Global Rare Earth Elements Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Rare Earth Elements Production Volume by Region (2020-2031)
3.4.1 Global Rare Earth Elements Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Rare Earth Elements by Region (2026-2031)
3.5 Global Rare Earth Elements Market Price Analysis by Region (2020-2025)
3.6 Global Rare Earth Elements Production and Value, Year-over-Year Growth
3.6.1 North America Rare Earth Elements Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Rare Earth Elements Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Rare Earth Elements Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Rare Earth Elements Production Value Estimates and Forecasts (2020-2031)
4 Rare Earth Elements Consumption by Region
4.1 Global Rare Earth Elements Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Rare Earth Elements Consumption by Region (2020-2031)
4.2.1 Global Rare Earth Elements Consumption by Region (2020-2025)
4.2.2 Global Rare Earth Elements Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Rare Earth Elements Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Rare Earth Elements Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Rare Earth Elements Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Rare Earth Elements Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Rare Earth Elements Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Rare Earth Elements Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Rare Earth Elements Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Rare Earth Elements Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Rare Earth Elements Production by Type (2020-2031)
5.1.1 Global Rare Earth Elements Production by Type (2020-2025)
5.1.2 Global Rare Earth Elements Production by Type (2026-2031)
5.1.3 Global Rare Earth Elements Production Market Share by Type (2020-2031)
5.2 Global Rare Earth Elements Production Value by Type (2020-2031)
5.2.1 Global Rare Earth Elements Production Value by Type (2020-2025)
5.2.2 Global Rare Earth Elements Production Value by Type (2026-2031)
5.2.3 Global Rare Earth Elements Production Value Market Share by Type (2020-2031)
5.3 Global Rare Earth Elements Price by Type (2020-2031)
6 Segment by Application
6.1 Global Rare Earth Elements Production by Application (2020-2031)
6.1.1 Global Rare Earth Elements Production by Application (2020-2025)
6.1.2 Global Rare Earth Elements Production by Application (2026-2031)
6.1.3 Global Rare Earth Elements Production Market Share by Application (2020-2031)
6.2 Global Rare Earth Elements Production Value by Application (2020-2031)
6.2.1 Global Rare Earth Elements Production Value by Application (2020-2025)
6.2.2 Global Rare Earth Elements Production Value by Application (2026-2031)
6.2.3 Global Rare Earth Elements Production Value Market Share by Application (2020-2031)
6.3 Global Rare Earth Elements Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Arafura
7.1.1 Arafura Rare Earth Elements Company Information
7.1.2 Arafura Rare Earth Elements Product Portfolio
7.1.3 Arafura Rare Earth Elements Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Arafura Main Business and Markets Served
7.1.5 Arafura Recent Developments/Updates
7.2 Alkane Resources
7.2.1 Alkane Resources Rare Earth Elements Company Information
7.2.2 Alkane Resources Rare Earth Elements Product Portfolio
7.2.3 Alkane Resources Rare Earth Elements Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Alkane Resources Main Business and Markets Served
7.2.5 Alkane Resources Recent Developments/Updates
7.3 Avalon Rare Metals
7.3.1 Avalon Rare Metals Rare Earth Elements Company Information
7.3.2 Avalon Rare Metals Rare Earth Elements Product Portfolio
7.3.3 Avalon Rare Metals Rare Earth Elements Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Avalon Rare Metals Main Business and Markets Served
7.3.5 Avalon Rare Metals Recent Developments/Updates
7.4 China Rare Earth Holdings
7.4.1 China Rare Earth Holdings Rare Earth Elements Company Information
7.4.2 China Rare Earth Holdings Rare Earth Elements Product Portfolio
7.4.3 China Rare Earth Holdings Rare Earth Elements Production, Value, Price and Gross Margin (2020-2025)
7.4.4 China Rare Earth Holdings Main Business and Markets Served
7.4.5 China Rare Earth Holdings Recent Developments/Updates
7.5 Indian Rare Earths
7.5.1 Indian Rare Earths Rare Earth Elements Company Information
7.5.2 Indian Rare Earths Rare Earth Elements Product Portfolio
7.5.3 Indian Rare Earths Rare Earth Elements Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Indian Rare Earths Main Business and Markets Served
7.5.5 Indian Rare Earths Recent Developments/Updates
7.6 Lynas
7.6.1 Lynas Rare Earth Elements Company Information
7.6.2 Lynas Rare Earth Elements Product Portfolio
7.6.3 Lynas Rare Earth Elements Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Lynas Main Business and Markets Served
7.6.5 Lynas Recent Developments/Updates
7.7 Great Western Minerals
7.7.1 Great Western Minerals Rare Earth Elements Company Information
7.7.2 Great Western Minerals Rare Earth Elements Product Portfolio
7.7.3 Great Western Minerals Rare Earth Elements Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Great Western Minerals Main Business and Markets Served
7.7.5 Great Western Minerals Recent Developments/Updates
7.8 Greenland Minerals & Energy
7.8.1 Greenland Minerals & Energy Rare Earth Elements Company Information
7.8.2 Greenland Minerals & Energy Rare Earth Elements Product Portfolio
7.8.3 Greenland Minerals & Energy Rare Earth Elements Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Greenland Minerals & Energy Main Business and Markets Served
7.8.5 Greenland Minerals & Energy Recent Developments/Updates
7.9 Rare Element Resources
7.9.1 Rare Element Resources Rare Earth Elements Company Information
7.9.2 Rare Element Resources Rare Earth Elements Product Portfolio
7.9.3 Rare Element Resources Rare Earth Elements Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Rare Element Resources Main Business and Markets Served
7.9.5 Rare Element Resources Recent Developments/Updates
7.10 Molycorp
7.10.1 Molycorp Rare Earth Elements Company Information
7.10.2 Molycorp Rare Earth Elements Product Portfolio
7.10.3 Molycorp Rare Earth Elements Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Molycorp Main Business and Markets Served
7.10.5 Molycorp Recent Developments/Updates
7.11 Inner Mongolia Baotou Steel Rare Earth Hi-Tech
7.11.1 Inner Mongolia Baotou Steel Rare Earth Hi-Tech Rare Earth Elements Company Information
7.11.2 Inner Mongolia Baotou Steel Rare Earth Hi-Tech Rare Earth Elements Product Portfolio
7.11.3 Inner Mongolia Baotou Steel Rare Earth Hi-Tech Rare Earth Elements Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Inner Mongolia Baotou Steel Rare Earth Hi-Tech Main Business and Markets Served
7.11.5 Inner Mongolia Baotou Steel Rare Earth Hi-Tech Recent Developments/Updates
7.12 Frontier Rare Earths
7.12.1 Frontier Rare Earths Rare Earth Elements Company Information
7.12.2 Frontier Rare Earths Rare Earth Elements Product Portfolio
7.12.3 Frontier Rare Earths Rare Earth Elements Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Frontier Rare Earths Main Business and Markets Served
7.12.5 Frontier Rare Earths Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Rare Earth Elements Industry Chain Analysis
8.2 Rare Earth Elements Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Rare Earth Elements Production Mode & Process Analysis
8.4 Rare Earth Elements Sales and Marketing
8.4.1 Rare Earth Elements Sales Channels
8.4.2 Rare Earth Elements Distributors
8.5 Rare Earth Elements Customer Analysis
9 Rare Earth Elements Market Dynamics
9.1 Rare Earth Elements Industry Trends
9.2 Rare Earth Elements Market Drivers
9.3 Rare Earth Elements Market Challenges
9.4 Rare Earth Elements Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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The global Rare Earth Elements market is projected to grow from US$ 2971 million in 2024 to US$ 4413 million by 2031, at a CAGR of 5.9% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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