Summary - A new market study, titled “Global Rare Earths Market Size, Status and Forecast 2019-2025”has been featured on WiseGuy Reports.

Summary:
Rare earths are a group of 17 elements that include all the lanthanoids (15 elements with atomic numbers between 57 and 71), plus yttrium and scandium. These elements have similar chemical structures, which confer on them unique mechanical, chemical, metallurgical, optical, catalytic, nuclear,magnetic and abrasive properties.
These materials started becoming popular in the advanced materials industry in the 1960s, and since then, the number of applications for rare earths has increased significantly. The world’s largest rare earth metal deposits occur in the form of bastnäsite and monazite and are located in China and the U.S. Since 1965 to the mid-1980s, Mountain Pass in California, U.S., was a leading source of rare earth elements (REE). From the mid-1980s, production of REE in China grew dramatically, and now China controls more than 90% of the global supply of rare earth minerals. Today, these elements are found in many advanced products within the following sectors: mechanical/metallurgical; glass and ceramics;
electronics, optics and optoelectronics; chemical; energy; life sciences; sensors and instrumentation; and consumer.
This study provides an updated and comprehensive review of these materials and their applications and sources. It also outlines current technical issues and the latest technological developments.
As shown in the Summary Table, the global market for rare earths, in terms of volume, increased from REDACTED metric tons (t) of equivalent rare earth oxides (REOs) in 2019 to REDACTED t in 2023.
At the end of 2011 and in 2012, rare earth consumption dropped considerably as a result of the Rare Earth Crisis, and then it started rebounding in 2013 and 2014, growing at an overall CAGR of REDACTED during the period 2012 through 2014.
The largest segment of the rare earth market is the mechanical/metallurgical sector, where rare earths are primarily used for the fabrication of permanent magnets. The mechanical/metallurgical sector is estimated to account for REDACTED of total REO consumption in 2019.
Additional key fields of application are within the glass and ceramics; energy; chemical; and electronics, optics and optoelectronics sectors, which combined account for REDACTED of total REO consumption. Other sectors (such as life sciences, sensors and instrumentation, and consumer) currently account for a combined share of REDACTED.

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Report Includes:
- 70 data tables and 41 additional tables
- An overview of the global market for rare earth elements and description of its current applications
- Analyses of global market trends, with data corresponding to market size for 2019, estimates from 2020 to 2022, and projections of CAGRs through 2023
- Details about rare earth compounds and green technology and market share analysis for each of the application
- Insights into government initiatives across the geographies, regulatory framework, political implications and environmental and health regulations
- Coverage of novel technologies, R&D progress, market forecast and recent activities in the rare earth element technology
- Details of mergers & acquisitions, joint ventures, collaborations and agreements and other key market strategies
- Market share analysis of the key companies of the industry, and their detailed company profiles, including Aluminum Corp. of China, Arnold Magnetic Technologies, Gansu Rare Earth Group, Hitachi Metals Ltd., Indian Rare Earths Ltd., Mitsui Kinzoku, Rare Element Resources Ltd. and SolvayAGC SEIMI CHEMICAL
ALKANE RESOURCES LTD.
ALUMINUM CORP. OF CHINA
ARAFURA RESOURCES
ARNOLD MAGNETIC TECHNOLOGIES
AVALON ADVANCED MATERIALS INC.
CHINA MINMETALS
CHINA NORTHERN RARE EARTH HI-TECH CO., LTD.
CHINA RARE EARTH HOLDINGS
FERRO
GANSU RARE EARTH GROUP
GANZHOU RARE EARTH GROUP
GREENLAND MINERALS LTD.
HEXI INDUSTRIAL PARK
HITACHI METALS LTD.
HUDSON RESOURCES INC.
ILUKA RESOURCES
INDIAN RARE EARTHS
IRTYSH RARE EARTHS
LYNAS CORP.
MITSUI KINZOKU
MOLYCORP
NAMIBIA CRITICAL METALS INC.
NORTHERN MINERALS LTD.
RAINBOW RARE EARTHS
RARE ELEMENT RESOURCES LTD.
SANTOKU CORP.
SHIN-ETSU CHEMICAL
SHOWA DENKO
SOLVAY
SUMMIT ATOM RARE EARTH COMPANY
TREIBACHER INDUSTRIE
UCORE RARE METALS INC.

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