UK Rare Earth Elements Market Size & Outlook, 2025-2030
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UK rare earth elements market highlights
- The UK rare earth elements market generated a revenue of USD 36.3 million in 2024 and is expected to reach USD 56.4 million by 2030.
- The UK market is expected to grow at a CAGR of 8.1% from 2025 to 2030.
- In terms of segment, neodymium was the largest revenue generating product in 2024.
- Erbium is the most lucrative product segment registering the fastest growth during the forecast period.
Rare earth elements market data book summary
| Market revenue in 2024 | USD 36.3 million |
| Market revenue in 2030 | USD 56.4 million |
| Growth rate | 8.1% (CAGR from 2025 to 2030) |
| Largest segment | Neodymium |
| Fastest growing segment | Erbium |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cerium, Dysprosium, Erbium, Europium, Gadolinium, Lanthanum, Lutetium, Neodymium, Praseodymium, Promethium, Samarium, Scandium, Terbium, Thulium, Ytterbium, Yttrium |
Other key industry trends
- In terms of revenue, UK accounted for 0.9% of the global rare earth elements market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany rare earth elements market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 146.8 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 |
UK 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 39.94% in 2024. Horizon Databook has segmented the UK rare earth elements market based on cerium, dysprosium, erbium, europium, gadolinium, lanthanum, lutetium, neodymium, praseodymium, promethium, samarium, scandium, terbium, thulium, ytterbium, 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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Horizon Databook provides a detailed overview of country-level data and insights on the UK rare earth elements market , including forecasts for subscribers. This country databook contains high-level insights into UK rare earth elements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK Product - Rare Earth Elements Market size, 2024 - 2030 (US$M)
UK Rare Earth Elements Market Outlook Share, 2024 & 2030 (US$M)
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