글로벌 희토류 금속 시장 - 산업 동향 및 2031년까지의 예측

희토류 금속 시장 분석 및 규모

희토류 금속 시장은 영구 자석, 특히 네오디뮴 기반 자석의 생산에 도움이 됩니다. 이러한 자석은 전기 자동차 모터, 풍력 터빈, 가전 제품을 포함한 수많은 기술에서 필수적인 구성 요소입니다 . 네오디뮴과 같은 희토류 금속의 뛰어난 자기적 특성은 효율적인 에너지 변환 및 전송에 필수적인 소형, 경량 및 강력한 자석을 만들 수 있게 합니다. 전기 자동차 및 재생 에너지원에 대한 수요가 계속 증가함에 따라 자석 생산에서 희토류 금속에 대한 필요성은 여전히 ​​중요하며, 글로벌 시장의 성장을 촉진합니다.

글로벌 희토류 금속 시장 규모는 2023년에 75억 8천만 달러로 평가되었으며, 2031년까지 176억 6천만 달러에 도달할 것으로 예상되며, 2024년에서 2031년까지의 예측 기간 동안 CAGR은 11.15%입니다. Data Bridge Market Research에서 큐레이팅한 시장 보고서에는 시장 가치, 성장률, 세분화, 지리적 범위, 주요 업체와 같은 시장 시나리오에 대한 통찰력 외에도 심층적인 전문가 분석, 지리적으로 표현된 회사별 생산 및 용량, 유통업체 및 파트너의 네트워크 레이아웃, 자세하고 업데이트된 가격 추세 분석, 공급망 및 수요의 적자 분석이 포함됩니다.

보고 범위 및 시장 세분화

시장 정의

희토류 금속은 지각에서 발견되는 독특한 특성을 가진 금속 원소 그룹입니다. 이름과 달리 특별히 희귀하지는 않지만 종종 분산되어 경제적으로 추출하기 어렵습니다. 이러한 원소는 자기적, 발광적, 촉매적 특성으로 인해 다양한 기술에서 중요한 역할을 하며 전자, 재생 에너지, 자동차와 같은 산업에 크게 기여합니다.

희토류 금속 시장 동향

운전자

• 첨단 기술에 대한 수요 증가로 희토류 금속에 대한 수요도 증가

고유한 특성을 지닌 희소 금속은 스마트폰 , 컴퓨터, 의료 장비 와 같은 첨단 전자 기기 생산에 없어서는 안 될 재료입니다 . 사회가 다양한 과제를 해결하기 위해 점점 더 첨단 솔루션을 채택함에 따라 희토류 금속에 대한 수요는 계속 급증하고 있습니다. 이러한 추세는 산업이 현대 기술의 진화하는 요구를 충족하기 위해 이러한 필수 요소의 안정적이고 효율적인 공급원을 모색함에 따라 시장 성장을 촉진합니다.

• 환경 문제 증가로 전기 자동차(EV) 판매 증가

EV 추진 시스템에 필수적인 영구 자석 모터는 자기적 특성 때문에 네오디뮴과 디스프로슘과 같은 희토류 금속에 크게 의존합니다. 환경 문제와 정부 인센티브로 인해 전 세계적으로 EV 채택이 가속화됨에 따라 모터 생산을 위한 희토류 금속에 대한 수요가 급증할 것으로 예상됩니다. 이러한 수요 증가는 희토류 금속 시장의 성장을 촉진할 뿐만 아니라 지속 가능한 운송 솔루션을 발전시키는 데 있어 이러한 금속의 중요성을 강조합니다.

기회

• 영구 자석 생산 증가로 인한 재생 에너지 부문 확대

Rare earth metals such as neodymium and dysprosium are crucial components in the production of permanent magnets used in wind turbines and electric vehicle motors, enabling efficient power generation and transmission. Additionally, rare earth metals are essential in the manufacturing of catalysts for hydrogen fuel cells, further supporting the renewable energy transition. As countries worldwide increasingly invest in renewable energy infrastructure to combat climate change, the demand for rare earth metals is expected to continue rising, propelling market growth in the foreseeable future.

The projected 25% increase in automotive demand for rare earth metals in 2022 aligns with the prevalence of neodymium-incorporated permanent magnet motors in approximately 85% of automakers in 2021. This surge in demand reflects the automotive industry's reliance on rare earth metals for manufacturing efficient electric vehicle motors, highlighting the pivotal role of rare earth metals in supporting the transition towards sustainable transportation solutions.

• Growing Stricter Environmental Regulations Expands the Demand for Rare Earth Metals

Stricter environmental regulations often mandate reductions in greenhouse gas emissions and promote the use of renewable energy sources, such as wind and solar power, which heavily depend on rare earth metals for their manufacturing processes. Regulations aimed at improving air and water quality stimulate the demand for rare earth metals in catalysts used in emission control systems and wastewater treatment plants. As governments worldwide intensify their focus on sustainability, the demand for rare earth metals is expected to continue growing, driven by the imperative to meet stringent environmental standards.

Restraints/Challenges

• High Production Costs Limits the Adoption of Rare Earth Metal

High production costs create a barrier to entry for new competitors, thereby consolidating the market power of existing producers. The high costs incentivize producers to invest in research and development to optimize extraction and refining processes, leading to technological advancements and increased efficiency. Moreover, these costs can drive up rare earth metals prices, which, in turn, encourage recycling initiatives and exploration for alternative sources of rare earth metals. High production costs highlight the strategic importance of securing a stable supply chain, prompting governments and industries to invest in diversification and resource development efforts to mitigate risks and ensure a steady supply of these critical materials.

• Supply Chain Vulnerability Hampers the Growth of Rare Earth Metals

The concentration of rare earth metal production in a few countries, notably China, exposes the market to geopolitical risks and trade disruptions. Instances of export restrictions or trade tensions can lead to supply shortages and price volatility, driving up demand for stable and diversified supply sources. This vulnerability prompts industry stakeholders to seek alternative supply chains and invest in diversification efforts, thereby stimulating market growth. Additionally, it underscores the strategic importance of rare earth metals in various high-tech industries, further intensifying efforts to secure sustainable and reliable sources of these critical materials.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In September 2022, Solvay's announcement to expand rare earth metal operations in La Rochelle, France, signifies a strategic move to establish a significant hub for rare earth magnets in Europe. This expansion aims to cater to the growing demand in sectors such as electric vehicles, clean energy, and electronics, aligning with the region's focus on sustainable technologies
• In August 2022, Lynas Rare Earths Ltd's plan to expand capacity at its Mt Weld mine in Western Australia, known for neodymium (Nd) and praseodymium (Pr) deposits, reflects the company's commitment to meeting increasing demand for rare earth metals. The expansion, set to commence in early 2023 and fully operational by 2024, underscores the importance of securing a stable supply chain for critical materials
• In April 2022, Iluka Resources Ltd's USD 1.2 billion investment in the Eneabba Phase 3 rare earth refinery in Western Australia demonstrates a strategic initiative to strengthen Australia's position in the downstream processing of rare earth resources. The investment aims to enhance Iluka's capabilities in producing rare earth oxides, positioning it as a key player in the global rare earth market while contributing to the country's economic development and resource sustainability

Rare Earth Metal Market Scope

The market is segmented on the basis of element and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Element

• Cerium
• Neodymium
• Lanthanum
• Dysprosium
• Terbium
• Erbium
• Europium
• Gadolinium
• Holmium
• Lutetium
• Praseodymium
• Promethium
• Samarium
• Thulium
• Ytterbium
• Yttrium
• Scandium
• Others

Application

• Catalysts
• Ceramics
• Phosphors
• Glass and Polishing
• Metallurgy
• Magnets
• Others

Rare Earth Metal Market Analysis/Insights

The market is analysed and market size insights and trends are provided by element and application as referenced above.

The countries covered in this market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa.  

North America dominates in the market due to the expansion of the automotive industry in the region has fueled demand for rare earth metals, particularly in the production of electric vehicles which heavily rely on these materials for their motors and batteries. Additionally, the rise in consumer electronics consumption has further boosted demand for rare earth metals, given their essential role in manufacturing electronic components. Moreover, the nuclear energy industry's presence in North America has contributed to the region's demand for rare earth metals, used in various applications such as reactor construction and fuel processing. These factors collectively position North America as a significant player in the global rare earth metal market.

The Asia-Pacific is expected to experience rapid market growth, driven primarily by the growing demand for rare earth metals in key applications. The rise in the usage of rare earth in magnets for electric vehicle batteries reflects the region's pivotal role in the global automotive industry's transition towards electrification. Additionally, the growing demand for rare earth in the polishing of television glass underscores the region's significance in the consumer electronics sector. These trends highlight Asia-Pacific's emergence as a critical market for rare earth metals, propelled by its robust manufacturing capabilities and expanding technological infrastructure.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Rare Earth Metal Market Share Analysis

The market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

• Alkane Resources Ltd (Australia)
• Arafura Rare Earths (Australia)
• Lynas Rare Earths Ltd (Australia)
• China Rare Earth Holdings Limited (China)
• Avalon Advanced Materials Inc. (Canada)
• IREL(INDIA) LIMITED (India)
• Rare Element Resources Ltd. (U.S.)
• 프론티어 희토류 유한회사(캐나다)
• 캐나다 희토류 기업(캐나다)
• Iluka Resources Limited(호주)
• 북부 미네랄(호주)
• Krakatoa Resources Ltd.(호주)
• 유코어레어메탈스(주) (US)
• 나미비아 크리티컬 메탈스 주식회사(나미비아)

SKU-46373