Elements Market size was valued at US$ 3457.14 Mn. in 2023 and the total revenue is expected to grow at 6.9% through 2024 to 2030, reaching nearly US$ 5515.20 Mn. by 2030.Elements Market Overview
The elements of earth are set of seventeen elements which include fifteen lanthanides on periodic table and scandium as well as yttrium. These elements are an essential part of many high-tech devices and are used extensively for various end-use applications. As per the available information, earth elements are necessary components for more than 200 products across a variety of applications. Especially, in electronics for high tech consumer products such as cellphones, computer hard drives, electric vehicles, electronic displays, and many others. In 1993, china produced 38% of the world’s earth elements, the US produced 33% followed by Australia at 12% Although these elements may not be a significant part of the product by weight, volume, or value but is an important part of product functioning. For example, magnets made from elements represent a small amount of weight to the total product but is crucial for spindle motor in laptops and computers. Global Elements Market Dynamics The global Elements market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Elements market report also provides trends by market segments, technology, and investment with a competitive landscape.To know about the Research Methodology :- Request Free Sample Report With time a large number of elements have gained momentum in various industries because of their several chemical and physical benefits which are suited for specific products and applications. For instance, cerium is used as a polishing agent and its demand has noted continuous growth because of the growing electronic industry. It is highly used as a polishing agent for displays, LCDs, glass, and others that are propelling the market growth. The growth is mainly driven by green technologies and advancing electronics. Furthermore, increased usage of scandium in aerospace applications is likely to provide growth opportunities increased demand for an electric vehicle that will reduce the emissions of harmful CO2 will push the market, elements like neodymium and praseodymium based magnet which is used majorly for manufacturing batteries. Additionally, the use of earth elements in the automotive sector for the production of electric vehicles, national defense, and electronics is growing which has driven the overall market. These elements are used in everyday objects such as light-emitting diodes (LED), Compact fluorescent lights, fiber optics, and polishing compounds for an illuminating screen of electric devices and others combined with Increased use of praseodymium that works as an alloying agent with magnesium to produce high strength metals for an aircraft engine is sparking the market growth. However, increasing scarcity of the elements, and fluctuating element price and others related to its mining and usage are hampering the market growth.
Global Elements Market Segment Analysis
Based on type, the market is dominated by cerium. Cerium act as a catalyst in the automotive industry, catalytic converters, and in an exhaust system to decrease emissions, its use is also high in nickel-metal hydride batteries. The largest demand came in the form of auto catalysts, polishing agents, and magnets. Cerium is the most abundant element of the earth making up to 0.0046% of the earth's crust by weight. As per the data available, the sale of the automotive industry has increased by 3% and this allowed the company to maintain the balance of supply and demand. Thus, improving production. This is expected to drive the demand for catalytic converters as they reduce harmful vehicle exhaust emissions. Besides this use of neodymium in alloy with boron and iron for making strong permanent magnets is high. The discovery in 1983 made it possible in electronic devices, musical instruments, microphones, and loudspeakers. Based on the Application, the segment of a magnet held the largest market share in 2023. Magnets are being used in various end-user applications for example- linear actuators, computer hard discs, servo motors, sensors, and speakers & headphones. Increased demand for magnets in consumer electronics applications, the automobile sector, and turbines are anticipated to increase the usage of elements. Additionally, magnets are also used in medical equipment, for example- heart pumps, sleep apnea machines, insulin pumps, and others due to which the healthcare sector has witnessed increased investment in the Middle East & Africa and The Asia pacific which will drive the growth of elements market. The rising demand for electric vehicles to reduce the emission of CO2 is poised to increase the use of magnets in the production of batteries.Elements Market Regional Insights:
The Asia Pacific dominated the global elements market holding a market share of more than 70% during the forecast period. The automotive industry and consumer electronics hold a prominent position in Asia pacific elements market. This is because of increased application in the magnet for manufacturing of batteries for electronic vehicles combined with the polishing of displays, LEDs, LCDs and to reduce the weight of the product. China is the most dominant country in the world market in terms of both production and consumption according to geological survey china produces most of the elements followed by the US and Australia due to which the region is anticipated to hold the largest market share in the future as well. A surge in the production of electric motor vehicles in us will drive the demand in North America moreover presence of key market players such as Tesla, lucid motors, WM motors will fuel the market. Whereas countries such as UK, Germany, and France are the major contributors' foe the European market growth. The automotive industry in the end-user of earth elements in the region combined with the adoption of green technology will boost the market growth and demand for elements in Europe. The growth of the market in South America is mostly drive-by industrialization and globalization. Whereas in the Middle East and Africa the demand for elements is high from oil and gas refineries as steps were taken by the government for use of wind energy for using non-conventional energy are anticipated to boost the market growth. The objective of the report is to present a comprehensive analysis of the Global Elements Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Elements Market dynamics, structure by analyzing the market segments and project the Global Elements Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Elements Market make the report investor’s guide.Global Elements Market Scope: Inquire before buying
Global Elements Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 3457.14 Mn. Forecast Period 2024 to 2030 CAGR: 6.9% Market Size in 2030: US $ 5515.20 Mn. Segments Covered: by Type Lanthanum Cerium Neodymium Praseodymium Samarium Europium by Application Magnets Metallurgy Batteries Polishing agents Glass & ceramics Catalyst Phosphors Others Elements Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Elements Market Key Players are:
1. Shin-Etsu Chemical Co. Ltd. 2. China Minerals Rare Earth Co. Ltd. 3. China Northern Rare Earth (Group) High-Tech Co., Ltd., 4. Iluka Resources Ltd 5. Molycorp Inc., 6. Lynas Corporation Ltd 7. Alkane Resources Ltd 8. Metal Rare Earth ltd 9. IREL, India 10. Arafura 11. Canada Rare Earth Corporation 12. Grrenland Mineral Ltd 13. Baotou Rare Earth Frequently Asked questions 1. What is the market size of the Global Elements Market in 2023? Ans. The market size Global Elements Market in 2023 was US$ 3457.14 Million. 2. What are the different segments of the Global Elements Market? Ans. The Global Elements Market is divided into Application and Type. 3. What is the study period of this market? Ans. The Global Elements Market will be studied from 2023 to 2030. 4. Which region is expected to hold the highest Global Elements Market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Global Elements Market? Ans. The Forecast Period of the market is 2024-2030 in the market.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Elements Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Elements Products Market 3.4. Geographical Snapshot of the Elements Products Market, By Manufacturer share 4. Global Elements Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Elements Market 5. Supply Side and Demand Side Indicators 6. Global Elements Market Analysis and Forecast, 2023-2030 6.1 Elements Market Size & Y-o-Y Growth Analysis 7. Global Elements Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 7.1.1. Lanthanum 7.1.2. Cerium 7.1.3. Neodymium 7.1.4. Praseodymium 7.1.5. Samarium 7.1.6. Europium 7.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 7.2.1. Magnets 7.2.2. Metallurgy 7.2.3. Batteries 7.2.4. Polishing agents 7.2.5. Glass & ceramics 7.2.6. Catalyst 7.2.7. Phosphors 7.2.8. Others 8. Market Size (Value) Estimates & Forecast by Region, 2023-2030 8.1.1. North America 8.1.2. South America 8.1.3. Europe 8.1.4. Asia Pacific 8.1.5. Middle East and Africa 9. North America Elements Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 9.1.1. Lanthanum 9.1.2. Cerium 9.1.3. Neodymium 9.1.4. Praseodymium 9.1.5. Samarium 9.1.6. Europium 9.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 9.2.1. Magnets 9.2.2. Metallurgy 9.2.3. Batteries 9.2.4. Polishing agents 9.2.5. Glass & ceramics 9.2.6. Catalyst 9.2.7. Phosphors 9.2.8. Others 10. North America Elements Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S.A Elements Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 11.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 12. Canada Elements Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 12.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 13. Mexico Elements Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 13.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 14. Europe Elements Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 14.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 15. Europe Elements Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Elements Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 16.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 17. France Elements Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 17.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 18. Germany Elements Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 18.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 19. Italy Elements Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 19.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 20. Spain Elements Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 20.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 21. Sweden Elements Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 21.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 22. CIS Countries Elements Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 22.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 23. Rest of Europe Elements Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 23.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 24. Asia Pacific Elements Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 24.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 25. Asia Pacific Elements Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Elements Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 26.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 27. India Elements Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 27.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 28. Japan Elements Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 28.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 29. South Korea Elements Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 29.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 30. Australia Elements Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 30.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 31. ASEAN Elements Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 31.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 32. Rest of Asia Pacific Elements Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 32.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 33. Middle East Africa Elements Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 33.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 34. Middle East Africa Elements Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Elements Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 35.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 36. GCC Countries Elements Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 36.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 37. Egypt Elements Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 37.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 38. Nigeria Elements Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 38.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 39. Rest of ME&A Elements Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 39.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 40. South America Elements Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 40.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 41. South America Elements Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Elements Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 42.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 43. Argentina Elements Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 43.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 44. Rest of South America Elements Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Type,2023-2030 44.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Elements Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Molycorp Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2 Shin-Etsu Chemical Co. Ltd. 45.3.3 China Minerals Rare Earth Co. Ltd. 45.3.4 China Northern Rare Earth (Group) High-Tech Co., Ltd., 45.3.5 Iluka Resources Ltd 45.3.6 Lynas Corporation Ltd 45.3.7 Alkane Resources Ltd 45.3.8 Metal Rare Earth ltd 45.3.9 IREL, India 45.3.10 Arafura 45.3.11 Canada Rare Earth Corporation 45.3.12 Grrenland Mineral Ltd 45.3.13 Baotou Rare Earth 45.3.14 Others 46 Primary Key Insights