希土類元素市場シェア分析、業界動向と統計、成長予測 2026-2031年

希土類元素（レアアース）市場の規模は、2025年には196.97キロトン、2026年には208.02キロトン、そして2031年には273.30キロトンに達するとMordor Intelligenceでは予測されており、2026年から2031年にかけて年平均成長率（CAGR）5.61%で成長すると見込まれています。

電気自動車のトラクションモーター、洋上風力タービン、グリッド規模のクリーンエネルギーインフラに関連する構造的な需要がこの拡大を支えている一方、依然として残る処理上のボトルネックや政策による供給ショックが成長軌道を抑制している。産業オートメーションの継続的な展開、航空宇宙分野における積層造形技術の採用、そして厳格化する世界的な排出基準は、ジスプロシウムとテルビウムの代替品研究が技術的に制約されているにもかかわらず、さらなる需要を牽引している。供給面では、採掘と分離の両方において中国への依存度が高いことが価格変動を増幅させ、短期的な供給量を安定させるものの調達コストを押し上げる戦略的な備蓄や複数年契約の締結を促している。欧米諸国の生産者による垂直統合の強化と、米国、オーストラリア、欧州連合における政府の優遇措置は、地域化されたミッドストリーム生産能力への移行を示唆しており、2031年まで希土類元素（レアアース）市場を徐々に再編していくと予測されます。

レポートの要点

• 製品タイプ別に見ると、軽希土類元素は2025年に希土類元素市場の87.18%を占め、2031年まで年平均成長率（CAGR）5.92%で拡大すると予測されています。
• 元素別に見ると、セリウムは2025年に希土類元素（レアアース）市場の38.16%を占め、ジスプロシウムは予測期間中に年平均成長率7.26%で成長しています。
• 用途別に見ると、磁石は2025年の希土類元素市場規模の48.54%を占め、2031年まで年平均成長率（CAGR）7.43%で成長すると予測されています。
• 最終用途産業別に見ると、クリーンエネルギーは2025年の希土類元素市場規模の30.36%を占め、産業オートメーションは2031年まで6.49%と最も高いCAGRを記録しています。
• 地域別に見ると、アジア太平洋地域は2025年の希土類元素市場規模の86.29%を占め、2026年から2031年にかけて年平均成長率5.97%で成長すると予測されています。

Rare Earth Elements Market Analysis by Mordor Intelligence

The Rare Earth Elements Market size is projected to be 196.97 kilotons in 2025, 208.02 kilotons in 2026, and reach 273.30 kilotons by 2031, growing at a CAGR of 5.61% from 2026 to 2031.

Structural demand tied to electric-vehicle traction motors, offshore wind turbines, and grid-scale clean-energy infrastructure underpins this expansion, while lingering processing bottlenecks and policy-induced supply shocks temper the growth trajectory. Ongoing industrial automation roll-outs, additive-manufacturing adoption in aerospace, and tightening global emission standards provide additional demand pull, even as substitution research for dysprosium and terbium remains technically constrained. On the supply side, heavy reliance on China for both mining and separation amplifies price volatility, prompting strategic stockpiling and multi-year offtake agreements that stabilize short-term volumes but inflate procurement costs. Intensifying vertical integration among Western producers, alongside government incentives in the United States, Australia, and the European Union, signals a shift toward regionalized midstream capacity that will progressively reshape the Rare Earth Elements market through 2031.

Key Report Takeaways

• By product type, light rare earths held 87.18% of the Rare Earth Elements market share in 2025 and are projected to expand at a 5.92% CAGR through 2031.
• By element, cerium led with 38.16% share of the Rare Earth Elements market size in 2025, while dysprosium is advancing at a 7.26% CAGR over the forecast.
• By application, magnets accounted for a 48.54% share of the Rare Earth Elements market size in 2025 and are growing at a 7.43% CAGR through 2031.
• By end-use industry, clean energy represented a 30.36% share of the Rare Earth Elements market size in 2025, while industrial automation records the strongest CAGR at 6.49% to 2031.
• By geography, Asia-Pacific dominated with 86.29% share of the Rare Earth Elements market size in 2025 and is forecast to progress at 5.97% CAGR during 2026–2031.

Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of January 2026.

Global Rare Earth Elements Market Trends and Insights

Renewable-Energy Turbine Magnet Requirement

Neodymium-iron-boron magnets, favored by direct-drive wind turbines and battery-electric vehicles, offer unparalleled weight-to-power ratios compared to ferrite alternatives. Demand for magnet-grade rare earths is expected to grow significantly, predominantly driven by wind energy and mobility sectors. Each 3 MW offshore turbine incorporates neodymium-praseodymium and dysprosium, with global offshore installations experiencing substantial growth. The momentum in electric vehicles is undeniable, with shipments projected to increase significantly in the coming years. However, dysprosium supply poses a challenge, with a staggering majority sourced from China’s ionic-clay deposits. Moreover, while efforts to find substitutes are ongoing, they’ve struggled to dip below a content threshold without jeopardizing thermal stability. This robust demand for magnets solidifies the position of the Rare Earth Elements market through 2031.

Dependency of Green Technology on Rare Earth Elements

Decarbonization policies are weaving rare earth elements into the fabric of the energy transition. From cerium oxide catalysts powering hydrogen fuel cells to yttrium phosphors illuminating solid-state lighting, these elements play a pivotal role. While the European Union’s ‘Fit for 55’ initiative and the U.S. ‘Inflation Reduction Act’ champion domestic sourcing, they fall short in addressing the processing gap. Demand for lanthanum in nickel-metal-hydride batteries has eased. However, as emission norms tighten in emerging markets, demand for cerium oxide in automotive catalysts remains steady. This presents a strategic risk: the pace of clean-tech adoption might outstrip the growth of non-Chinese capacities, potentially leaving OEMs vulnerable to a concentrated supply chain.

Growing Demand from Battery Applications

Lanthanum-rich alloys remain the negative electrode in nickel-metal-hydride batteries that powered millions of hybrid vehicles in 2024[1]. Although lithium-ion dominates full-battery electrics, nickel-metal-hydride retains cost and safety advantages for mild hybrids and certain stationary systems. Research into lanthanum-doped solid-state electrolytes indicates a potential second-wave demand surge post-2028. Separately, neodymium and praseodymium are under investigation as cathode dopants to boost cycle life, reinforcing the Rare Earth Elements market’s increasing pivot from energy storage to high-performance motors.

Scandium-Aluminum Alloys in Aerospace Manufacturing

Adding scandium refines the grain structure of aluminum, allowing aerospace parts made with this additive to be significantly lighter than those made from traditional alloys. While Airbus and Boeing have approved the use of scandium in cabin brackets and engine-nacelle components, the high price of scandium limits its adoption to low-volume, high-value parts[2]. In 2024, global production remains limited, and for the aerospace sector to broaden its use of scandium, supply must expand. This expansion hinges on specific projects aimed at increasing availability.

Chinese Policy-Induced Price Volatility

In October 2025, Beijing expanded its export controls, introducing a content threshold. This new rule mandates that downstream producers certify the source of every rare earth atom in their finished goods. As a result, European importers witnessed a dramatic surge in dysprosium oxide prices, compelling turbine OEMs to scramble and renegotiate their supply contracts. While these controls faced a suspension until November 2026, the move set a precedent. It led to multi-year offtake deals being struck at premiums, underscoring the Rare Earth Elements market’s heightened sensitivity to shifts in Chinese policy.

Inconsistent Supply of Rare Earth Elements

China dominates the global rare earths landscape, operating the majority of the world’s facilities. As of early 2026, no Western plant has achieved commercial processing of heavy rare earths. Material from Mountain Pass continues its journey to China for final refining, a process that not only extends lead times but also subjects producers to tariffs. While Lynas’ plant in Malaysia is missing heavy-earth circuits, Arafura’s Nolans project in Australia won’t hit its full output until 2027. Additionally, sporadic production from pilot operations, like Northern Minerals’ Browns Range, adds to the planning uncertainty, hindering the near-term growth of the Rare Earth Elements market.

Segment Analysis

By Product Type: Light Rare Earths Anchor Volume, Heavy Grades Command Premiums

Light rare earths captured 87.18% of volume in 2025 and are set to grow at a 5.92% CAGR through 2031. Cerium oxide, a key player in automotive catalysts, maintains a stable demand, bolstered by tightening Euro 7 and China VI standards. Lanthanum, essential for nickel-metal-hydride batteries, sees consistent consumption yearly. Meanwhile, neodymium-praseodymium production has exemplified the magnet-driven demand. Although heavy rare earths make up a smaller portion of the volume, they command premium prices. This is largely due to dysprosium, terbium, and yttrium’s lack of scalable substitutes and their constrained supply. Dysprosium, the fastest-growing element, will track a 7.26% CAGR on the back of high-temperature magnet demand for EVs and offshore turbines.

China’s dominance in supply heightens price sensitivity. Ionic-clay deposits in Jiangxi and Guangxi provinces produce a significant portion of the world’s dysprosium, putting Western OEMs at risk of policy shocks. While Australian projects like Browns Range and Nolans offer a glimmer of diversification, they grapple with lengthy permitting and financing challenges. Consequently, producers capable of delivering separated heavy oxides retain significant pricing power, solidifying the premium structure in the Rare Earth Elements market.

By Element: Cerium Leads Volume, Dysprosium Captures Value

Cerium commanded 38.16% of the elemental share in 2025, driven by catalytic-converter and glass-polishing uses, and will remain volume leader through 2031. Forecasts indicate cerium will maintain its leadership position through 2031. Neodymium and praseodymium, together accounting for a significant portion of the market, play pivotal roles in the production of permanent magnets across China, Japan, and the U.S. Lanthanum finds its primary applications in fluid-cracking catalysts and nickel-metal-hydride batteries. Dysprosium, despite constituting a smaller share of the market, enjoys a high unit value and a 7.26% CAGR. This underscores dysprosium’s critical importance in formulating high-temperature magnets, especially for electric vehicle traction motors and wind turbines. Terbium and yttrium, while occupying smaller market niches—terbium in green phosphors and yttrium in ceramics and LEDs—both grapple with similar supply constraints.

Scandium, with limited annual production, commands the highest price per kilogram in the market, a testament to its rarity and challenges in byproduct recovery. However, should recovery circuits in Canada and the U.S. become operational, scandium’s applications could broaden from cabin brackets to encompass larger aerospace structural components, potentially expanding its presence in the Rare Earth Elements market.

By Application: Magnets Surge Past Catalysts as Primary Demand Vector

Magnets accounted for 48.54% of total volume in 2025 and are growing at a 7.43% CAGR, making them the engine of the Rare Earth Elements market through 2031. Industrial robotics adds momentum: each robot integrates servo motors, and global installations saw significant growth, with China leading in installations. Catalysts absorbed cerium in 2024 and stayed flat under rising hybrid penetration in emerging markets. Phosphors, glass-polishing, and metallurgy remain secondary, each with low single-digit growth, ceding share to the magnet segment as electrification accelerates.

By End-Use Industry: Clean Energy Dominates, Industrial Automation Accelerates

Clean energy held 30.36% of the 2025 volume and retains leadership as offshore wind and EV adoption surge. Industrial automation is the fastest-growing end use, advancing at a 6.49% CAGR, propelled by expanding collaborative-robot deployment across China, Germany, and the United States. Consumer-electronics demand is plateauing as smartphone shipments level off, though per-unit magnet content remains sticky. Aerospace and defense contribute a small demand but are immunized from cyclical swings by national-security designations in the United States and European Union, ensuring stable procurement of samarium-cobalt and dysprosium-rich magnets. Healthcare, metallurgy, and agriculture round out consumption with niche but steady volumes.

Geography Analysis

Asia-Pacific accounted for 86.29% of global volume in 2025 and will maintain dominance with a 5.97% CAGR to 2031. China produced oxides and commanded the majority of the separation capacity. This dominance allowed China to exert export-control leverage, causing European dysprosium prices to surge significantly post-October 2025. Australia is positioning itself as the leading non-Chinese supplier. Arafura’s Nolans project aims to produce neodymium-praseodymium oxide by 2027. Concurrently, Iluka Resources is progressing with a refinery targeting mixed-carbonate output. To mitigate their reliance, Japan and South Korea have inked multi-year contracts with Lynas and MP Materials.

North America is making strides to localize its supply. Mountain Pass, having produced concentrate in 2024, halted exports to China in Q3 2025, redirecting its feed to a separation plant in California. A significant equity stake from the Department of Defense is backing a heavy-earth circuit, targeting output by mid-2026. Energy Fuels’ White Mesa mill, traditionally focused on uranium, pivoted to process monazite. Meanwhile, Ucore is in the process of establishing a RapidSX plant in Alaska.

Despite its market presence in 2025, Europe remains heavily reliant on imports. This is in light of the Critical Raw Materials Act, which sets ambitious targets for extraction, processing, and recycling by 2030. While LKAB’s Per Geijer deposit boasts significant oxide reserves, its development is a decade away. Pilot recycling initiatives from Cyclic Materials and Urban Mining Company seek to address the shortfall, yet the region lacks any commercial-scale separator. Both South America and the Middle East-Africa regions combined accounted for a minimal share of the total volume. However, Brazil and South Africa are eyeing potential capacities that could materialize post-2030.

Competitive Landscape

The Rare Earth Elements market is consolidated. Technology differentiation is surfacing: Ucore’s RapidSX molecular-recognition platform attains 99.9% purity in a single pass, trimming processing times from weeks to hours. Heavy-earth supply and recycling remain white-space opportunities. Firms that master heavy-earth separation and magnet-grade recycling stand to capture premium margins as Chinese export controls persist.

Recent Industry Developments

• January 2025: MP Materials has initiated commercial production of neodymium-praseodymium (NdPr) metal and commenced trial production of automotive-grade, sintered neodymium-iron-boron (NdFeB) magnets at its Independence facility in Texas. This development represents a crucial milestone in reestablishing the U.S. rare earth magnet supply chain.
• January 2024: MP Materials secured a USD 58.5 million grant to propel the construction of the U.S.’s inaugural fully-integrated rare earth magnet manufacturing facility, located in Fort Worth, Texas. This funding comes under the Section 48C Advanced Energy Project tax credit initiative.

List of Companies Covered in this Report:

• Appia REU
• Arafura Rare Earths
• China Rare Earth Group Resources Technology Co., Ltd.
• China Rare Earth Holdings Limited
• ChinaTungsten
• Energy Fuels Inc.
• Iluka Resources Limited
• Jiangxi Copper Corporation
• Lynas Rare Earths Ltd
• Mitsubishi Corporation RtM Japan Ltd.
• MP Materials
• Northern Minerals
• Northern Rare Earth
• Rio Tinto
• Shenghe Resources Holding Co., Ltd.
• Texas Mineral Resources Corp.
• Ucore Rare Metals Inc.
• Yuyan Rare Earth New Materials Co., Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Table of Contents

1 Introduction
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape
4.1 Market Overview
4.2 Market Drivers
4.2.1 Renewable-Energy Turbine Magnet Requirement
4.2.2 Dependency of ‘Green Technology’ on Rare Earth Elements
4.2.3 Growing demand from battery applications
4.2.4 Scandium-Aluminum Alloys Adoption in Aerospace Manufacturing
4.2.5 High Demand in Consumer Electronics
4.3 Market Restraints
4.3.1 Chinese Policy-Induced Price Volatility
4.3.2 Price Volatility Linked to Chinese Policy Shifts
4.3.3 Inconsistent Supply of Rare Earth Elements
4.4 Value Chain Analysis
4.5 Porter’s Five Forces
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Degree of Competition
4.6 Supply Analysis
4.7 Regulatory Policy Analysis
4.8 Trade Analysis
4.9 Price Trend Analysis
4.10 Production Cost Analysis

5 Market Size and Growth Forecasts ( Volume)
5.1 By Product Type
5.1.1 Light Rare Earth Elements
5.1.2 Heavy Rare Earth Elements
5.2 By Element
5.2.1 Cerium
5.2.1.1 Oxide
5.2.1.2 Sulfide
5.2.1.3 Other Compounds
5.2.2 Neodymium
5.2.2.1 Alloy
5.2.3 Lanthanum
5.2.3.1 Alloy
5.2.3.2 Oxide
5.2.3.3 Other Compounds
5.2.4 Dysprosium
5.2.5 Terbium
5.2.6 Yttrium
5.2.7 Scandium
5.2.8 Other Elements (Promethium, Samarium, etc.)
5.3 By Application
5.3.1 Catalysts
5.3.2 Ceramics
5.3.3 Phosphors
5.3.4 Glass and Polishing
5.3.5 Metallurgy
5.3.6 Magnets
5.3.7 Other Applications (Air Cleaning, etc.)
5.4 By End-use Industry
5.4.1 Clean Energy
5.4.2 Consumer Electronics
5.4.3 Aerospace and Defense
5.4.4 Industrial Automation
5.4.5 Healthcare
5.4.6 Other End-user Industries (Metallurgy, agriculture, etc.)
5.5 By Geography
5.5.1 Asia-Pacific
5.5.1.1 China
5.5.1.2 India
5.5.1.3 Japan
5.5.1.4 South Korea
5.5.1.5 Australia
5.5.1.6 Rest of Asia-Pacific
5.5.2 North America
5.5.2.1 United States
5.5.2.2 Canada
5.5.2.3 Mexico
5.5.3 Europe
5.5.3.1 Germany
5.5.3.2 United Kingdom
5.5.3.3 France
5.5.3.4 Italy
5.5.3.5 Nordics
5.5.3.6 Rest of Europe
5.5.4 South America
5.5.4.1 Brazil
5.5.4.2 Argentina
5.5.4.3 Rest of South America
5.5.5 Middle-East and Africa
5.5.5.1 Saudi Arabia
5.5.5.2 United Arab Emirates
5.5.5.3 South Africa
5.5.5.4 Rest of Middle-East and Africa

6 Competitive Landscape
6.1 Market Concentration
6.2 Strategic Moves
6.3 Market Share (%)/Ranking Analysis
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
6.4.1 Appia REU
6.4.2 Arafura Rare Earths
6.4.3 China Rare Earth Group Resources Technology Co., Ltd.
6.4.4 China Rare Earth Holdings Limited
6.4.5 ChinaTungsten
6.4.6 Energy Fuels Inc.
6.4.7 Iluka Resources Limited
6.4.8 Jiangxi Copper Corporation
6.4.9 Lynas Rare Earths Ltd
6.4.10 Mitsubishi Corporation RtM Japan Ltd.
6.4.11 MP Materials
6.4.12 Northern Minerals
6.4.13 Northern Rare Earth
6.4.14 Rio Tinto
6.4.15 Shenghe Resources Holding Co., Ltd.
6.4.16 Texas Mineral Resources Corp.
6.4.17 Ucore Rare Metals Inc.
6.4.18 Yuyan Rare Earth New Materials Co., Ltd.

7 Market Opportunities and Future Outlook
7.1 White-space and Unmet-need Assessment
7.2 Growing innovations in exploration and mining technologies

---

---