Asia Pacific Cerium Market Size & Outlook, 2021-2028

The cerium market in Asia Pacific is expected to reach a projected revenue of US$ 223.5 million by 2028. A compound annual growth rate of 4% is expected of Asia Pacific cerium market from 2022 to 2028.
Revenue, 2021 (US$M)
$169.9
Forecast, 2028 (US$M)
$223.5
CAGR, 2022 - 2028
4%
Report Coverage
Asia Pacific

Asia Pacific cerium market highlights

  • The Asia Pacific cerium market generated a revenue of USD 169.9 million in 2021.
  • The market is expected to grow at a CAGR of 4% from 2022 to 2028.
  • In terms of segment, glass was the largest revenue generating application in 2021.
  • Alloys is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, China is expected to register the highest CAGR from 2022 to 2028.


Asia Pacific data book summary

Market revenue in 2021USD 169.9 million
Market revenue in 2028USD 223.5 million
Growth rate4% (CAGR from 2021 to 2028)
Largest segmentGlass
Fastest growing segmentAlloys
Historical data covered2017 - 2020
Base year for estimation2021
Forecast period covered2022 - 2028
Quantitative unitsRevenue in USD million
Market segmentationGlass, Catalysts, Alloys
Key market players worldwideArafura Rare Earths Ltd, Lynas Rare Earths Ltd, Rainbow Rare Earths Ltd, Avalon Advanced Materials Inc


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 65.4% of the global cerium market in 2021.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
  • North America is the fastest growing regional market and is projected to reach USD 95.3 million by 2028.

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Cerium Market Companies

Name Profile # Employees HQ Website

Asia Pacific cerium 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 cerium market will help companies and investors design strategic landscapes.


Glass was the largest segment with a revenue share of 41.08% in 2021. Horizon Databook has segmented the Asia Pacific cerium market based on glass, catalysts, alloys covering the revenue growth of each sub-segment from 2017 to 2028.


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Target buyers of Asia Pacific cerium market databook

  • Our clientele includes a mix of cerium market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific cerium market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific cerium market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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Asia Pacific cerium market size, by country, 2017-2028 (US$M)

Asia Pacific Cerium Market Outlook Share, 2021 & 2028 (US$M)

Asia Pacific cerium market size, by country, 2017-2028 (US$M)

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