The global rare earth elements market is expected to grow at a CAGR of around 10.9% during 2024-2033. This report on global rare earth elements market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global rare earth elements market by segmenting the market based on type and region. Also, detailed profiles of companies operating in the rare earth elements market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
- High Demand for Clean Energy
- Growing Demand from Emerging Technologies
- Strict Government Regulations and Rising Environmental Concerns
Market Challenges
- Discrepancies in supply and demand
- Fluctuating prices
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Market by Type
- Magnets
- NiMH Batteries
- Auto Catalysts
- Diesel Engines
- Fluid Cracking Catalyst
- Phosphers
- Glass
- Polishing Powders
- Others
Market by Region
• Europe
• North America
• Asia Pacific
• Latin America
• Middle East & Africa