Rare Earth Metals Recycling Market

The global rare earth metals recycling market foreseen to grow by 12.6%, from USD 259.74 Million in 2021 to USD 671.19 Million in 2029. Increasing demand from end-use industries, increasing demand for clean energy, and initiatives of associations & regulatory bodies drive the rare earth metals recycling market. However, fluctuating costs of rare-earth metals and illegal mining of rare earth metal ores remain one of the factors restraining the market's growth.

Market Definition

What is Rare Earth Metals Recycling?

Rare earth recycling is based on recycling end-of-life elements and swarf residue produced in factories. Rare earth elements are crucial to modern life and society. The most generative rare earth elements are cerium, yttrium, lanthanum and neodymium.

Market Overview

The rare earth metals recycling market search study helps to thoroughly understand the current trend in the market competitive analysis of the players in the emerging market. Moreover, the DRO in the Rare earth metals recycling market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyses the global rare earth metals recycling market player's competitive landscape helping the client comprehend their specific strategic growth approaches.

rare earth metals recycling market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the rare earth metals recycling market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the rare earth metals recycling market American Rare Earth Llc, Arafura Resources Ltd., BASF SE, Cataler Corporation, Chenzhou City Jingui Silver Industry Co., Ltd., Clariant AG, Clean Earth Inc., Corning Incorporated, Energy Fuels, Inc., Geomega Resources Inc., Global Tungsten & Powders Corp., Guangsheng Nonferrous Metals Co., Ltd., Heraeus Holding, Hitachi Metals, Ltd., Hypromag Ltd., Jiangsu Huahong Technology Stock Co., Ltd., Johnson Matthey, Lynas Rare Earths, Ltd., Mitsubishi Electric Corporation, N.E. Chemcat, Okon Metals, Inc., Osram Licht AG, Qingdao Huicheng Environmental Technology Co., Ltd., Reecycle Inc., REMRETEch GmbH, Rocklink GmbH, Seren Technologies Limited, Showa Denko K.K., Solvay SA, Taiyuan Chemical Industry Group Co. Ltd., Tenneco Inc., Umicore, Urban Mining Company, Zeolyst International.

COVID-19 Impact on Global Rare Earth Metals Recycling Market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. The impact of COVID-19 on the rare earth metals recycling market has forced companies to change their sourcing, pricing, and promotion strategies. The rare earth metals recycling market players are seen focusing more on optimizing the E-commerce networks with the rising innovations in the digital sector, which are creating new business models for the construction & mining industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). The market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics and rare earth metals recycling market future markets are analyzed to understand their impact on demand for the forecast period. Growth rates have been estimated using correlation, regression and time-series analysis.

Market Segmentation

For the purpose of this report, the global rare earth metals recycling market segmented on the basis of type, source, technology, application, and region:

Type Outlook:

On the basis of type, the market is segmented into light rare earth recycling, medium & heavy rare earth recycling.

Figure 1 Rare Earth Metals Recycling Market By Type (Market Size And Forecast By Value - USD Million, 2021 & 2029)

Source Outlook:

On the basis of source, the market is segmented into FCC, fluorescent lamps, magnets, batteries, industrial process.

Figure 2 Source Outlook (Revenue, USD Million, 2021)