Rare Earth Elements Market Size, Share, Growth Report 2026

Rare Earth Elements Market Size, Growth, Analysis, Top Companies Share, Outlook, Trends, and Forecast Report by 2026

by Jaswanth D

Rare Earth Elements Market Overview:

According to the latest report by IMARC Group, titled “Rare Earth Elements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global rare earth elements market grew at a CAGR of around 7% during 2015-2020. Looking forward, IMARC Group expects the global rare earth elements market to continue its strong growth during 2021-2026.

Rare earth elements (REEs), also called rare-earth oxides, represent a group of seventeen elements that exhibit similar physical and chemical properties. Some of the commonly utilized REEs include erbium, holmium, neodymium, cerium, lanthanum, dysprosium, praseodymium, yttrium, etc. Rare earth elements offer various benefits, such as electrical conductivity, improved magnetism, enhanced heat resistance, weight reduction, etc. Consequently, they find wide-ranging applications across several end-use sectors, including power generation, transportation, construction, medical, defense, etc.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

We are updating our reports, If you want the latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you via email within 24 to 48 hours.

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Rare Earth Elements Market Trends:

The widespread product adoption to manufacture magnets and catalysts for motor vehicles, on account of the expanding automobile industry, is one of the primary factors driving the rare earth elements market. Moreover, the rising consumer environmental concerns towards the increasing CO2 emissions from fuel-driven automobiles are propelling the demand for electric vehicles (EVs), which is also catalyzing the market growth. In addition to this, the implementation of numerous stringent regulations by government bodies across countries to mandate the installation of catalytic converters in automobiles and reduce emissions is acting as another significant growth-inducing factor.

Additionally, the growing utilization of rare earth elements in the production of generators, turbines, reactors, transformers, etc., owing to the inflating need for advanced energy generation facilities, is further positively influencing the global market. Besides this, the elevating popularity of smart electronic devices, including smartphones, LED or LCD TVs, smart wearables, laptops, etc., is anticipated to fuel the rare earth elements market over the forecasted period.

Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/rare-earth-industry

Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Lynas Corporation Ltd.
  • Arafura Resources Limited
  • Great Western Minerals Group Ltd.
  • Avalon Advanced Materials Inc.
  • Greenland Minerals Ltd
  • Alkane Resources Ltd
  • Neo Performance Materials
  • Iluka Resource Limited
  • IREL (India) Limited
  • Canada Rare Earths Corporation

Key Market Segmentation Breakup by:


  • Magnets
  • NiMH Batteries
  • Auto Catalysts
  • Diesel Engines
  • Fluid Cracking Catalyst
  • Phosphers
  • Glass
  • Polishing Powders
  • Others

Breakup by Region:

  • China
  • Japan & Northeast Asia
  • United States

Get in Touch with our Expert Team for Inquire or further information: https://www.imarcgroup.com/request?type=report&id=398&flag=C

Key highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Also Read: Radiotherapy Market Research Report 2022-2027: https://techycons.com/radiotherapy-market-growth-analysis-size-report-by-2027/

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