Lanthanides Market Scope
Lanthanides are elements with an atomic number between 57 and 71. These elements are called lanthanides because they exhibit similar chemical properties to lanthanum, the first element in the group. Lanthanides have a wide area of application. Their unique magnetic, heat-resistant, and phosphorescent qualities make them essential in the production of TV screens, lasers, electromagnets among others. Lanthanides have been widely used as alloys to impart strength and hardness to metals. These metals are also widely used in the petroleum industry for refining of crude oil into gasoline products. Today, this metal is found in considerably warmer latitudes: Brazil, India, Australia, South Africa, and the United States. The principal source of lanthanides is monazite, sand from which about 50% of the lanthanide mass available to science and industry has been extracted.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Lynas (Australia), Northern Minerals (Australia), Arafura (Australia), Alkane Resources (Australia), Avalon Rare Metals (Canada), Quest Rare Minerals (Canada), China Rare Earth Holdings (China), Indian Rare Earths (India), Great Western Minerals (Canada), Greenland Minerals and Energy (Australia) and Rare Element Resources (United States) |
CAGR | % |
Research Analyst at AMA estimates that Australians Vendors will contribute to the maximum growth of Global Lanthanides market throughout the predicted period.
Lynas (Australia), Northern Minerals (Australia), Arafura (Australia), Alkane Resources (Australia), Avalon Rare Metals (Canada), Quest Rare Minerals (Canada), China Rare Earth Holdings (China), Indian Rare Earths (India), Great Western Minerals (Canada), Greenland Minerals and Energy (Australia) and Rare Element Resources (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Molycorp (United States) and Inner Mongolia Baotou Steel Rare Earth Hi-Tech (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lanthanides market by Type , by Application (Magnets, Catalysts, Metallurgy, Polishing, Glass, Phosphors and Ceramics) and Region with country level break-up.
On the basis of geography, the market of Lanthanides has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In July 2022, Arafura Resources Limited and GE Renewable Energy have signed a non-binding memorandum of understanding (MoU) to jointly co-operate in the establishment of a sustainable supply chain for NdPr central to energy transition.
In June 2020, The discovery of carbon nanostructures like two-dimensional graphene and soccer ball-shaped buckyballs helped to launch a nanotechnology revolution. In recent years, researchers from Brown University and elsewhere have shown that boron, carbon’s neighbor on the periodic table, can make interesting nanostructures too, including two-dimensional borophene and a buckyball-like hollow cage structure called borospherene.
Influencing Trend:
Increased Penetration of Product in Nanotechnology
Market Growth Drivers:
High Demand for Petroleum Refineries Is the Major Driver
Challenges:
Complex Mining & Refining Processes
Restraints:
Changing Government Trade Policies Leading to Price Volatality
Opportunities:
Large Developments in both Miniaturized Instrumentation and Nanomaterials Design
Key Target Audience
Manufacturing, Providers, Suppliers and Others