Rare Earth Metals Market is Expected to Register a Considerable Growth by 2028

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The Rare Earth Metals Market size was estimated at USD 5.2 Billion in 2021 and is likely to grow at a CAGR of 12.4% during 2022-2028 to reach USD 11.78 Billion in 2028.

Stratview Research has published a report on the Rare Earth Metals Market based on information acquired from reliable sources, qualitative and quantitative research by experts, and insights from industry veterans and key players across the value chain. The report provides a thorough analysis of present and upcoming market trends, market dynamics, factors affecting the industry, and growth strategies. This report also provides an in-depth analysis of the impact of the COVID-19 pandemic on the market.

Market Insights

The rare earth metals market size was estimated at USD 5.2 Billion in 2021 and is likely to grow at a CAGR of 12.4% during 2022-2028 to reach USD 11.78 Billion in 2028.

Market Dynamics

  • A significant need for clean energy
  • Rising demand for new technologies like electric and hybrid vehicles, etc.

What you can find in this report –

The report has been compiled by using a variety of analytical methodologies and has analysed data on the key players, market scope, and much more. The researchers at Stratview Research have studied the growth of the top competitors in the Rare Earth Metals Market.

Key Features: The report covers the revenue, production rate, import/export, supply/demand, market share, CAGR, etc. Furthermore, the research provides in-depth information on current trends, growth drivers, and competition.

Regional Analysis: The present report throws light on the regional analysis of the Rare Earth Metals Market. The data given can be used to get an idea of trends, patterns, threats or challenges, and many such phenomena. On the basis of region, the report mentions that,

Asia-Pacific is expected to remain the largest producer and consumer of the market with a volume share of 71% in 2021. China owns the largest reserves of rare earth metals worldwide. China is both the leading producer as well as consumer of rare earth metals. The imposition of restrictions on China’s export and growing rare earth metals demand within China would create a demand-supply gap in the rare earth metals market worldwide.

The market is likely to witness significant changes in the coming years. New sources of supply are scheduled to be developed across the globe. China, which is the major producer of rare earth metals worldwide, is witnessing consolidation by state-owned enterprises. China owns the largest reserves of rare earth metals followed by Brazil. China will continue to remain the largest producer during the forecast period.

Competitive Analysis:

Understanding the strategies of rivalry is critical and Stratview Research does this for its users. This report includes an analysis of the key competitors, the products/services, the differentiators, and market shares, etc.

Customization of the Report:

This report can be customized to meet the user’s requirements. Stratview research offers custom research services across the sectors.

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