Asia Pacific Rare Earth Elements Market Size & Outlook
The rare earth elements market in Asia Pacific is expected to reach a projected revenue of US$ 7,692.1 million by 2033. A compound annual growth rate of 9.55% is expected of Asia Pacific rare earth elements market from 2026 to 2033.
- Metals & Mining
- Metals, Mining & Minerals
- Rare Earth Elements Market Outlook
- Metals, Mining & Minerals
Revenue, 2025 (US$M)
$3,764.9
Estimate, 2026 (US$M)
$4,062.0
Forecast, 2033 (US$M)
$7,692.1
CAGR, 2026 - 2033
9.6%
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Asia Pacific rare earth elements market highlights
- The Asia Pacific rare earth elements market generated a revenue of USD 3,764.9 million in 2025.
- The market is expected to grow at a CAGR of 9.55% from 2026 to 2033.
- In terms of segment, neodymium was the largest revenue generating product in 2025.
- Samarium is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2026 to 2033.
Asia Pacific data book summary
| Market revenue in 2025 | USD 3,764.9 million |
| Market revenue in 2033 | USD 7,692.1 million |
| Growth rate | 9.55% (CAGR from 2026 to 2033) |
| Largest segment | Neodymium |
| Fastest growing segment | Samarium |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cerium, Holmium, Praseodymium, Samarium, Scandium, Ytterbium, Promethium, Erbium, Gadolinium, Lanthanum, Lutetium, Neodymium, Dysprosium, Europium, Terbium, Thulium, Yttrium |
| Key market players worldwide | Alkane Res, Arafura Rare Earths Ltd, Avalon Advanced Materials Inc, China Northern Rare Earth High-Tech, Energy Transition Minerals Ltd, Hitachi Metals, Iluka Resources Ltd, Lynas Rare Earths Ltd, Northern Minerals, Rare Element Resources, Shin-Etsu Chemical Co Ltd, Ucore Rare Metals |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 90.6% of the global rare earth elements market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- North America is the fastest growing regional market and is projected to reach USD 192.6 million by 2033.
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Publish Date: Jan 14, 2025
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Rare Earth Elements Market Scope
Rare Earth Elements Market segmentation & scope
Rare Earth Elements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Shin-Etsu Chemical Co Ltd | View profile | 25,717 | 6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-0004 | www.shinetsu.co.jp |
| Lynas Rare Earths Ltd | View profile | 911 | 1 Howard Street, Level 4, Perth, WA, Australia, 6000 | www.lynascorp.com |
| Arafura Rare Earths Ltd | View profile | 6 | 432 Murray Street, Level 6, Perth, WA, Australia, 6000 | www.arultd.com |
| Avalon Advanced Materials Inc | View profile | 9 | 130 Adelaide Street West, Suite 1901, Toronto, ON, Canada, M5H 3P5 | www.avalonadvancedmaterials.com |
| Energy Transition Minerals Ltd | View profile | 28 | 111 Collins Street, Level 6, Melbourne, VIC, Australia, 3000 | www.etransmin.com |
| Rare Element Resources | View profile | 11-50 | Lakewood, Colorado, United States, North America | www.rareelementresources.com/ |
| Ucore Rare Metals | View profile | 11-50 | Bedford, Nova Scotia, Canada, North America | ucore.com/ |
| Alkane Res | View profile | 51-100 | Dubbo, New South Wales, Australia, Oceania | www.alkane.com.au/ |
| China Northern Rare Earth High-Tech | View profile | 5001-10000 | Baotou, Nei Mongol, China, Asia | www.reht.com |
| Hitachi Metals | View profile | 10001+ | Minato, Chiba, Japan, Asia | www.hitachi-metals.co.jp |
Asia Pacific Rare Earth Elements Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Rare Earth Elements Market Outlook will help companies and investors design strategic landscapes.
Neodymium was the largest segment with a revenue share of 44.32% in 2025.
Horizon Databook has segmented the Asia Pacific rare earth elements market based on cerium, holmium, praseodymium, samarium, scandium, ytterbium, promethium, erbium, gadolinium, lanthanum, lutetium, neodymium, dysprosium, europium, terbium, thulium, yttrium covering the revenue growth of each sub-segment from 2021 to 2033.
- Asia Pacific Rare Earth Elements Market Product Outlook (Revenue, USD Million , 2021-2033)
- Cerium
- Dysprosium
- Erbium
- Europium
- Gadolinium
- Holmium
- Lanthanum
- Lutetium
- Neodymium
- Praseodymium
- Promethium
- Samarium
- Scandium
- Terbium
- Thulium
- Ytterbium
- Yttrium
- Asia Pacific Rare Earth Elements Market Application Outlook (Revenue, USD Million , 2021-2033)
- Magnets
- Catalysts
- Polishing
- Metallurgy
- Battery alloys
- Glass
- Phosphors
- Ceramics
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Rare Earth Elements Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Rare Earth Elements Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Asia Pacific Rare Earth Elements Market, 2021-2033 (US$M)
Asia Pacific rare earth elements market statistics, by product, 2021-2033 (US$M)
