Cerium Market Forecast, Trend, Analysis and Competition Tracking – Global Market Insights 2022 to 2030

The global Cerium market size is expected to be worth around US$ 440.9 million by 2030, according to a new report by Vision Research Reports.

The global Cerium market size was valued at US$ 260.4 million in 2020 and is anticipated to grow at a CAGR of 4.8% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size USD 440.9 million by 2030
Growth Rate CAGR of 4.8% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Arafura Resources Ltd, Lynas Rare Earths Ltd, Avalon, Rainbow Rare Earths Limited, METALL RARE EARTH LIMITED, Hefa Rare Earth, and Greenland Minerals

Growth Factors

 Rising disposable income, and a growing middle-class population. For instance, it has been estimated that the middle-class population in India is likely to reach over 580 million by 2025 from 250 million in 2020.

Major demand for the market comes from the glass industry mainly from glass polishing applications. Cerium products are used for polishing purposes, they also smoothen indentations and microscopic bumps on glass surfaces. Numerous companies have invested in research and development activities, to reduce the waste generated during the glass polishing process.

By Application Analysis

Glass was the largest segment in 2020 and accounted for a revenue share of over 41% in the same year. Cerium is mainly used for glass polishing applications owing to its physio-chemical properties. Glass polishing powders lose their ability to polish gradually during the application owing to an accumulation of other compounds on powders.

Demand for cerium-based glass polishing powders is projected to increase on the account of increasing usage of liquid crystal displays, glass display panels, precision glass lenses, silicon wafers, glass magnetic memory disks, and other industrial glass applications.

Catalysts application segment is projected to grow at a CAGR of 4.7% from 2021 to 2030. Internal combustion vehicles emit harmful gases such as nitrogen oxide, carbon monoxide, and various hydrocarbons.

By Regional Analysis

Europe is anticipated to grow at a rate of 4.2% from 2021 to 2030. Recycling of rare earth elements is projected to create new avenues for market vendors, as recycling is limited in Europe and North America, compared to China and Japan.

Asia Pacific dominates the market with a volume share of over 79% in 2020, the region is also anticipated to remain the fastest-growing market around the world. This growth is likely to be led by China, which is the leading producer and consumer in the industry.

Key Players

  • Arafura Resources Ltd
  • Lynas Rare Earths Ltd
  • Avalon
  • Rainbow Rare Earths Limited
  • METALL RARE EARTH LIMITED
  • Hefa Rare Earth
  • Greenland Minerals

Market Segmentation

  • By Application
    • Glass
    • Catalysts
    • Alloys
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • UK
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa (MEA)
    • South Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Cerium Market, By Application

7.1.  Cerium Market, by Application, 2021-2030

7.1.1.    Glass

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Catalysts

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Alloys

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Others

7.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Cerium Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Application (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America

8.1.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Application (2017-2030)

8.2.2.    UK

8.2.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.3.    France

8.2.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.4.    Rest of Europe

8.2.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Application (2017-2030)

8.3.2.    India

8.3.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.3.    China

8.3.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.4.    Japan

8.3.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.5.    Rest of APAC

8.3.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Application (2017-2030)

8.4.2.    GCC

8.4.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.3.    North Africa

8.4.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.4.    South Africa

8.4.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.5.    Rest of MEA

8.4.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Application (2017-2030)

8.5.2.    Brazil

8.5.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.3.    Rest of LATAM

8.5.3.1.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 9.    Company Profiles

9.1.  Arafura Resources Ltd

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  Lynas Rare Earths Ltd

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  Avalon

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  Rainbow Rare Earths Limited

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  METALL RARE EARTH LIMITED

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  Hefa Rare Earth

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  Greenland Minerals

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

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