Middle East & Africa Rare Earth Elements Market Size & Outlook
Related Markets
MEA rare earth elements market highlights
- The MEA rare earth elements market generated a revenue of USD 12.2 million in 2024.
- The market is expected to grow at a CAGR of 7.2% from 2025 to 2030.
- In terms of segment, neodymium was the largest revenue generating product in 2024.
- Praseodymium is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2024 | USD 12.2 million |
| Market revenue in 2030 | USD 18.0 million |
| Growth rate | 7.2% (CAGR from 2025 to 2030) |
| Largest segment | Neodymium |
| Fastest growing segment | Praseodymium |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cerium, Dysprosium, Europium, Gadolinium, Lanthanum, Lutetium, Neodymium, Praseodymium, Promethium, Scandium, Terbium, Thulium, Yttrium |
Other key industry trends
- In terms of revenue, MEA region accounted for 0.3% of the global rare earth elements market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 141.5 million by 2030.
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Rare Earth Elements Market Scope
Rare Earth Elements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Northern Minerals | View profile | 51-100 | Perth, Western Australia, Australia, Oceania | http://northernminerals.com.au/ |
| Iluka Resources Ltd | View profile | 5001-10000 | Perth, Western Australia, Australia, Oceania | http://www.iluka.com |
| Hitachi Metals | View profile | 10001+ | Minato, Chiba, Japan, Asia | http://www.hitachi-metals.co.jp |
| China Northern Rare Earth High-Tech | View profile | 5001-10000 | Baotou, Nei Mongol, China, Asia | http://www.reht.com |
| Alkane Res | View profile | 51-100 | Dubbo, New South Wales, Australia, Oceania | http://www.alkane.com.au/ |
| Ucore Rare Metals | View profile | 11-50 | Bedford, Nova Scotia, Canada, North America | http://ucore.com/ |
| Rare Element Resources | View profile | 11-50 | Lakewood, Colorado, United States, North America | http://www.rareelementresources.com/ |
| Energy Transition Minerals Ltd | View profile | 28 | 111 Collins Street, Level 6, Melbourne, VIC, Australia, 3000 | https://www.etransmin.com |
| Avalon Advanced Materials Inc | View profile | 9 | 130 Adelaide Street West, Suite 1901, Toronto, ON, Canada, M5H 3P5 | https://www.avalonadvancedmaterials.com |
| Arafura Rare Earths Ltd | View profile | 6 | 432 Murray Street, Level 6, Perth, WA, Australia, 6000 | https://www.arultd.com |
| Lynas Rare Earths Ltd | View profile | 911 | 1 Howard Street, Level 4, Perth, WA, Australia, 6000 | https://www.lynascorp.com |
| Shin-Etsu Chemical Co Ltd | View profile | 25717 | 6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-0004 | http://www.shinetsu.co.jp |
Middle East & Africa rare earth elements 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 rare earth elements market will help companies and investors design strategic landscapes.
Neodymium was the largest segment with a revenue share of 43.44% in 2024. Horizon Databook has segmented the Middle East & Africa rare earth elements market based on cerium, dysprosium, europium, gadolinium, lanthanum, lutetium, neodymium, praseodymium, promethium, scandium, terbium, thulium, yttrium covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of rare earth elements market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa rare earth elements market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa rare earth elements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Rare Earth Elements Market Outlook Share, 2024 & 2030 (US$M)
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