Highlights
- Market intelligence report forecasts a 6.4% CAGR for rare earth metals.
- Market expansion from $6.01B in 2025 to $9.29B by 2032.
- Key market drivers:
- Permanent magnets
- Catalysts
- Emerging sectors like clean energy and advanced electronics
- Geopolitical tensions and supply chain diversification are reshaping the global rare earth metals strategic landscape.
A new market intelligence report (opens in a new tab) from Coherent Market Insights forecasts robust growth in the global rare earth metals market, with the total market size projected to grow from USD 6.01 billion in 2025 to USD 9.29 billion by 2032, representing a compound annual growth rate (CAGR) of 6.4%. The comprehensive study highlights strong demand drivers across permanent magnets, catalysts, alloys, and polishing segments—particularly in clean energy, defense, and advanced electronics—while identifying geopolitical disruption, tariff volatility, and technological innovation as defining factors in the market’s trajectory.
The report features an in-depth analysis of key players, including China Northern Rare Earth (Group) High-Tech Co., Rising Nonferrous Metals, China Minmetals, Lynas, and Arafura, alongside a regional breakdown across Asia-Pacific, North America, and Europe. With a focus on cross-border investment, regulatory pressure, and ESG compliance, the report positions rare earths not just as commodities but as strategic levers in an unfolding industrial realignment.
As U.S.-China trade tensions deepen and Western nations accelerate reshoring and supply chain diversification efforts, this report offers a timely roadmap for stakeholders navigating the global mineral economy.
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