Lanthanum Metal Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 2.5 Billion by 2033, growing at a CAGR of 8.5% from 2026 to 2033.
The Lanthanum Metal Market was valued at approximately USD 1.2 billion in 2022, and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2030. The market is driven by increasing demand across industries like electronics, automotive, and energy storage. The growth in the demand for electric vehicle batteries and renewable energy storage systems is a significant driver for the market. In 2022, Asia Pacific held the largest share of the market, accounting for nearly 40% of the global revenue, owing to the increasing manufacturing activities in countries like China and Japan, which are leading consumers and producers of lanthanum metal. North America and Europe also showed strong demand, with key applications in industrial catalysts and fuel cells.
Regionally, Asia Pacific continues to dominate the Lanthanum Metal Market, with China contributing significantly to the overall consumption due to its large scale production of rare earth metals. The region is expected to maintain a strong growth trajectory, driven by advancements in electric vehicle adoption and energy storage solutions. North America and Europe also represent lucrative opportunities, with growth driven by the increasing emphasis on clean energy technologies and automotive applications. The market in these regions is projected to grow at a steady pace due to rising investments in sustainable technologies and the shift toward electrification. These regions together are expected to account for over 50% of the market share by 2030.
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Inner Mongolia Baotou Steel Rare-earth
QIANDONG RARE EARTH GROUP
Ganzhou Rare Earth Mining
Bao Tou Sunlux Rare Metal
Grirem New Materials
Baotou Jinweida Rare Earth Materials
Huizhou Top Metal Materials
MP Materials
Lynas Rare Earths
Santoku Kogyo
American Elements
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Lanthanum Metal Market
Low Purity (<99% Lanthanum)
Medium Purity (99% - 99.9% Lanthanum)
High Purity (>99.9% Lanthanum)
Catalysts
Glass & Ceramics
Phosphors
Hydrogen Storage
Electronics
Aerospace
Automotive
Electronics
Energy & Power
Healthcare
Metal (Ingots, Blocks)
Alloys (Lanthanum-rich Alloys)
Chemicals (Lanthanum Oxide, Lanthanum Chloride)
Direct Sales
Distributors
Online Platforms
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Lanthanum Metal Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Lanthanum Metal Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Lanthanum Metal Market, By Type
6. Global Lanthanum Metal Market, By Application
7. Global Lanthanum Metal Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Lanthanum Metal Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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