India Rare Earth Metals Market (2022-2028) | Growth, Industry, Size, Revenue, Share, Outlook, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Market Forecast By Type (Cerium Oxide, Lanthanum Oxide, Neodymium Oxide, Yttrium Oxide, Praseodymium Oxide, Samarium Oxide, Gadolinium Oxide, Dysprosium Oxide), By Application (Permanent Magnets, Metal Alloys, Glass Polishing, Glass Additives, Catalysts, Phosphors, Ceramics, Others) And Competitive Landscape

Product Code: ETC343824	Publication Date: Aug 2023	Updated Date: May 2024	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

India Rare Earth Metals Market Competition 2023

India Rare Earth Metals market currently, in 2023, has witnessed an HHI of 6790, Which has decreased moderately as compared to the HHI of 7704 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

India Export Potential Assessment For Rare Earth Metals Market (Values in USD Thousand)

India Rare Earth Metals Market Synopsis

The India Rare Earth Metals Market is projected to reach new growth of success over the forecast period. Rare earth metals are the metals that are unusual and they have a small number of uses. These metals are vital for the production of various products and sectors. The market is growing rapidly and there are many factors that are aiding the market to grow.

According to 6Wresearch, the India Rare Earth Metals Market size is expected to grow during 2022-2028. India is one of the biggest industries for rare earth metals in the world. Rare earth metals are the metals that are unusual and they have a small number of uses. These metals are vital for the production of various products and sectors. The most significant factor that is boosting the progression of this market in India is the increasing use of rare earth metals in automotive as well as electronics sectors. Another major driver for the industry growth is the availability of earth minerals in many parts of the globe which is supporting their demand in the country. Other essential factors driving the industry are the growing demand of these metals from renewable energy, growing investments and increasing industrialization in the country. The evolvement of smart devices in the country is also contributing to the development of this industry. The government initiatives to promote this sector is also fueling the market growth. However, limited supply of these metals and their high costs are restraining the evolution of this industry. Furthermore, the India Rare Earth Metals Market share is anticipated to boost since the market will overcome these challenges in the near future.

COVID-19 Impact on India Rare Earth Metals Industry

The pandemic led to interruptions on mining activities owing to which the rare earth metals sector in India faced challenges. Disruption in mining activities led to disruption in this sector since without mining activities the progression of this market is not possible. This market has become a major part of Asia Pacific Rare Earth Metals Market. In order to limit the spread of the virus, India government had to impose lockdown which reduced mining activities and reduction in mining activities led to disruption in this propelling market. The market is now evolving at a rapid pace after dealing with many challenges during the coronavirus pandemic.

Market Analysis by Type

Based on type, the Rare Earth Metals Market in India is segmented into Cerium Oxide, Lanthanum Oxide, Neodymium Oxide, Yttrium Oxide, Praseodymium Oxide, Samarium Oxide, Gadolinium Oxide, and Dysprosium Oxide. All these segments are growing effectively in the sector. They will boost the market growth at a faster pace in the years to come.

Market Analysis by Application

Based on application, the market in the nation can be divided into Permanent Magnets, Metal Alloys, Glass Polishing, Glass Additives, Catalysts, Phosphors, Ceramics, and Others. All these segments are dominating the market. These segments are predicted to dominate the industry.

India Rare Earth Metals Market Drivers

The most significant factor that is boosting the progression of this market in India is the increasing use of rare earth metals in automotive as well as electronics sectors. Another major driver for the industry growth is the availability of earth minerals in many parts of the globe which is supporting their demand in the country.

Another major driver for the industry growth is the availability of earth minerals in many parts of the globe which is supporting their demand in the country. Other essential factors driving the industry are the growing demand of these metals from renewable energy, growing investments and increasing industrialization in the country. The evolvement of smart devices in the country is also contributing to the development of this industry.

Key attractiveness of the report

COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2018 to 2021.
Base Year: 2021.
Forecast Data until 2028.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report:

India Rare Earth Metals Market Outlook
Market Size of India Rare Earth Metals Market, 2021
Forecast of India Rare Earth Metals Market, 2028
Historical Data and Forecast of India Rare Earth Metals Revenues & Volume for the Period 2018 - 2028
India Rare Earth Metals Market Trend Evolution
India Rare Earth Metals Market Drivers and Challenges
India Rare Earth Metals Price Trends
India Rare Earth Metals Porter's Five Forces
India Rare Earth Metals Industry Life Cycle
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Type for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Cerium Oxide for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Lanthanum Oxide for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Neodymium Oxide for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Yttrium Oxide for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Praseodymium Oxide for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Samarium Oxide for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Gadolinium Oxide for the Period 2018 - 2028
Historical Data and Forecast of India Cerium Oxide Rare Earth Metals Market Revenues & Volume By Dysprosium Oxide for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Application for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Permanent Magnets for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Metal Alloys for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Glass Polishing for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Glass Additives for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Catalysts for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Phosphors for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Ceramics for the Period 2018 - 2028
Historical Data and Forecast of India Rare Earth Metals Market Revenues & Volume By Others for the Period 2018 - 2028
India Rare Earth Metals Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
India Rare Earth Metals Top Companies Market Share
India Rare Earth Metals Competitive Benchmarking By Technical and Operational Parameters
India Rare Earth Metals Company Profiles
India Rare Earth Metals Key Strategic Recommendations