市場調查報告書
商品編碼
1423172
按應用分類的稀土元素市場報告(磁鐵、鎳氫電池、汽車催化劑、柴油引擎、流體裂解催化劑、磷光體、玻璃、拋光粉等)和地區 2024-2032Rare Earth Elements Market Report by Application (Magnets, NiMH Batteries, Auto Catalysts, Diesel Engines, Fluid Cracking Catalyst, Phosphers, Glass, Polishing Powders, and Others), and Region 2024-2032 |
2023年全球稀土元素市場規模達到110億美元。展望未來, IMARC Group預計到2032年市場規模將達到343億美元,2024-2032年複合年成長率(CAGR)為13.1%。人們對稀土元素在不同領域的實用性、各種工業應用、消費性電子產品的廣泛採用以及向永續和清潔能源解決方案的轉變的認知不斷增強,是推動市場的一些主要因素。
稀土元素是由 15 種鑭系元素以及鈧和釔組成的 17 種化學元素。儘管有它們的名字,大多數稀土元素在地殼中並不是特別稀有。它們之所以“稀有”,是因為開採和提煉它們的難度很高。這些元素以其獨特的磁性、催化和發光特性而聞名,這使得它們在各種高科技應用中至關重要。它們是各種產品的重要組成部分,從智慧型手機和消費性電子產品到再生能源系統和先進軍事技術。
消費性電子、汽車和再生能源等各行業的重大技術創新是推動全球稀土元素市場成長的關鍵因素之一。稀土元素對於製造電池、磁鐵和電子顯示器等組件至關重要,這些組件的需求隨著技術的進步而不斷成長。市場也受到它們在國防應用中的作用的推動,因為這些元素對於生產用於雷達系統、噴射引擎和導彈導引系統的高性能材料至關重要。對綠色能源的日益重視也是一個主要的成長誘導因素。稀土元素對於風力渦輪機和電動車的生產至關重要,符合減少碳排放的全球永續發展目標。此外,地緣政治和貿易關係對市場產生重大影響,因為許多稀土元素供應集中在特定地區,這在供應鏈中造成了潛在的瓶頸。此外,政府政策,包括使用稀土元素的技術的補貼和戰略儲備,正在為全球市場創造積極的前景。
重大技術進步
稀土元素需求最有力的促進因素之一是技術創新的持續步伐。這些元素在眾多高科技應用中都是不可或缺的。例如,風力渦輪機中使用的強力磁鐵需要釹,而混合動力和電動車電池通常使用鑭。除此之外,許多電子設備(例如智慧型手機、平板電腦和筆記型電腦)都含有稀土元素,可實現更小、更有效率的組件。隨著這些技術的不斷發展和採用率的上升,對稀土元素的需求不斷升級,這進一步推高了市場價值。
不斷湧現的綠色能源舉措
環境永續性正成為世界各國政府和組織的焦點,刺激了對清潔能源技術的需求。稀土元素在該領域發揮關鍵作用。釹和鏑等元素用於生產永久磁鐵,這些永久磁鐵是風力渦輪機功能不可或缺的一部分。同樣,交通運輸業電氣化的推動也增加了對電池和電動馬達中使用的稀土元素的需求。隨著各國努力實現雄心勃勃的氣候目標並過渡到再生能源,這些元素的市場正在蓬勃發展。
國防應用不斷增加
國防應用對稀土元素的需求極大地促進了市場成長。這些要素對於各種先進軍事技術來說都是不可或缺的。例如,稀土是製造精確導引彈藥、雷達系統和航空電子設備的重要組成部分。它們也用於生產夜視鏡和其他光學設備的專用玻璃。隨著地緣政治緊張局勢升級以及各國在國防能力現代化方面投入更多資金,對稀土元素的需求不斷增加。軍事上對高性能材料的依賴使這些元素成為戰略優先事項,通常導致庫存和長期採購合約。
The global rare earth elements market size reached US$ 11.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 34.3 Billion by 2032, exhibiting a growth rate (CAGR) of 13.1% during 2024-2032. The increasing awareness of the utility of rare earth elements across different sectors, various industrial applications, widespread adoption of consumer electronics, and the shift toward sustainable and clean energy solutions are some of the major factors propelling the market.
Rare earth elements are a group of 17 chemical elements that consist of the 15 lanthanides, along with scandium and yttrium. Despite their name, most rare earth elements are not particularly rare in the Earth's crust. What makes them "rare" is the difficulty associated with mining and refining them. These elements are known for their unique magnetic, catalytic, and luminescent properties, which make them critical in various high-technology applications. They are essential components in a wide array of products, ranging from smartphones and consumer electronics to renewable energy systems and advanced military technologies.
Significant technological innovations across various industries, including consumer electronics, automotive, and renewable energy, represent one of the key factors driving the growth of the rare earth elements market across the globe. Rare earth elements are crucial in manufacturing components like batteries, magnets, and electronic displays, whose demand is rising with technological advancements. The market is also driven by their role in defense applications as these elements are essential in producing high-performance materials used in radar systems, jet engines, and missile guidance systems. The growing emphasis on green energy is also acting as a major growth-inducing factor. Rare earth elements are vital in the production of wind turbines and electric vehicles, aligning with global sustainability goals to reduce carbon emissions. Additionally, geopolitics and trade relations significantly impact the market, as many rare earth element supplies are concentrated in specific regions, which are creating potential bottlenecks in supply chains. Moreover, government policies, including subsidies for technologies that use rare earth elements and strategic stockpiling, are creating a positive outlook for the market across the globe.
Significant technological advancements
One of the most potent drivers of demand for rare earth elements is the relentless pace of technological innovation. These elements are indispensable in a plethora of high-tech applications. For instance, the powerful magnets used in wind turbines require neodymium, while hybrid and electric vehicle batteries often employ lanthanum. In addition to this, many electronic devices, such as smartphones, tablets, and laptops contain rare earth elements that enable smaller, and more efficient components. As these technologies continue to evolve and adoption rates climb, the demand for rare earth elements is escalating, which is further driving up the market value.
Rising green energy initiatives
Environmental sustainability is becoming a focal point for governments and organizations worldwide, stimulating the demand for clean energy technologies. Rare earth elements play a critical role in this sector. Elements like neodymium and dysprosium are used in the production of permanent magnets that are integral to the function of wind turbines. Similarly, the drive for electrification of the transport sector also boosts demand for rare earth elements used in batteries and electric motors. As nations strive to meet ambitious climate targets and transition to renewable energy sources, the market for these elements is fueling.
Rising defense applications
The demand for rare earth elements in defense applications significantly contributes to the market growth. These elements are indispensable for a variety of advanced military technologies. For instance, rare earths are essential components in the manufacturing of precision-guided munitions, radar systems, and avionics. They are also used in the production of specialized glass for night-vision goggles and other optical equipment. As geopolitical tensions escalate and nations invest more in modernizing their defense capabilities, the need for rare earth elements rises. Military reliance on high-performance materials makes these elements a strategic priority, often leading to stockpiling and long-term procurement contracts.
IMARC Group provides an analysis of the key trends in each segment of the global rare earth elements market report, along with forecasts at the global and regional levels for 2024-2032. Our report has categorized the market based on application.
Magnets
NiMH Batteries
Auto Catalysts
Diesel Engines
Fluid Cracking Catalyst
Phosphers
Glass
Polishing Powders
Others
Magnets dominate the market
A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes the magnets, NiMH batteries, auto catalysts, diesel engines, fluid cracking catalyst, phosphers, glass, polishing powders, and others. According to the report, the magnets accounted for the largest market share.
Rare earth elements, particularly neodymium, dysprosium, and samarium, play a critical role in the development of high-performance magnets. These are not ordinary magnets; they offer superior magnetic properties as compared to traditional ferrite or alnico magnets. Neodymium magnets, often combined with small amounts of dysprosium to improve temperature stability, are widely used in a variety of applications requiring strong, compact magnets. In the renewable energy sector, these magnets are essential components in wind turbine generators. Their high magnetic force allows for more efficient energy conversion, thereby maximizing the electrical output. In the automotive industry, they are used in electric and hybrid vehicle motors, contributing to both power and efficiency. These magnets are also prevalent in consumer electronics like headphones, smartphones, and hard disk drives, where their small size and high magnetic strength are particularly beneficial. Additionally, they are crucial in medical technologies such as MRI machines, which rely on strong magnetic fields for imaging.
China
Japan & Northeast Asia
United States
China represents the largest market segment
The report has also provided a comprehensive analysis of all the major regional markets, which include China, Japan & Northeast Asia, and the United States. According to the report, China accounted for the largest market share.
In China, which controls a significant portion of the global supply of rare earth elements, several factors drive the market, both domestically and internationally. China has a booming electronics manufacturing sector that heavily relies on rare earth elements. As a global hub for consumer electronics, the internal demand for these elements is high. The Chinese government is implementing strategic policies to regulate and promote the rare earth industry. These include export quotas, strategic stockpiling, and subsidies to encourage domestic production. China's dominant position in the rare earth supply chain allows it to impact global prices and availability. This creates a virtuous cycle, which is attracting further investment into mining and processing facilities within the country. China is heavily investing in renewable energy technologies, such as wind turbines and electric vehicles, which require rare earth elements. This aligns with the country's ambitious environmental goals. Investments in research and technology aim to make the extraction and processing of rare earth elements more efficient and environmentally sustainable, which is maintaining China's competitive edge.
In the rare earth elements market, key players are engaging in a range of strategic initiatives to strengthen their position and capitalize on growing demand. This includes investments in research and development to enhance extraction technologies and improve the efficiency of refining processes. Companies are also exploring partnerships and collaborations, not just with other mining and chemical firms, but also with end-users like technology companies, defense contractors, and renewable energy providers. Some leading players are working closely with governments to ensure stable supply chains, especially given the geopolitical sensitivities surrounding rare earth elements. Strategic stockpiling and long-term contracts are becoming more common as both companies and nations aim to mitigate supply risks. Additionally, market leaders are expanding their geographical footprint to tap into emerging markets where demand is rising due to technological adoption and industrial growth. Diversification of supply sources is also a key strategy, aimed at reducing dependence on specific regions.
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
In April 2023, Hyderabad-based National Geophysical Research Institute has found large deposits of 15 Rare Earth Elements (REE) in Andhra Pradesh's Anantapur city. REE is a key component in many electronic devices and various industrial applications, including medical technology, aerospace, and defense.
In December 2021, China Rare Earth Group Co. Ltd, a state-owned enterprise (SOE) directly supervised by China's state assets regulator was formally established in East China's Ganzhou, Jiangxi Province. The newly launched rare earth mega SOE is a conglomerate of some top industrial producers, including the rare earth units of three of the "Big Six" SOEs that dominate the rare earth industry - Aluminum Corporation of China (CHALCO), China Minmetals Corporation, and Ganzhou Rare Earth Group Co., Ltd and two research companies - China Iron & Steel Research Institute Group and Grinm Group Corporation Ltd.
In December 2022, Japan to begin extracting rare earth metals from seabed in 2024 for electric vehicles and hybrids from the mud on the deep-sea bottom in an area off Minami-Torishima Island, a coral atoll in the Pacific Ocean about 1,900 kilometers southeast of Tokyo. Japan is aiming to reduce its reliance on China for rare earth metals.