Cerium Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
세계 세륨 시장 규모는 크게 성장하여 2024년에는 2억 7,540만 달러에 달할 것으로 예상됩니다. 이러한 성장의 주요 원인은 다양한 제조 산업에서 희토류 금속 촉매에 대한 수요 증가에 기인합니다. 시장은 2031년까지 4.00%의 연평균 성장률(CAGR)로 3억 6,220만 달러에 달할 것으로 예상됩니다. 이러한 상승 궤도는 업계 진출기업에게 충분한 기회를 제공합니다.
세륨 시장은 꾸준한 성장 궤도에 있으며, 다양한 응용 분야에서 광범위하게 사용되는 것이 그 원동력이 되고 있습니다. 만능 희토류 원소인 세륨은 촉매, 셀프 클리닝 오븐, 라이터, 유리와 세라믹의 착색제, 연마제로 널리 사용되고 있습니다. 이러한 광범위한 용도가 시장 확대의 주요 요인으로 작용하고 있습니다.
세륨 시장의 주요 촉진요인은 촉매 수요 증가입니다. 세륨 기반 촉매는 다양한 제조 공정에서 중요하며 향후 10년동안 그 사용량이 크게 증가할 것으로 예상됩니다. 이러한 수요 증가는 세륨 시장의 강력한 성장률을 유지할 것으로 예상됩니다.
동아시아, 특히 일본과 중국은 세계 세륨 시장의 최전선에 있습니다. 이 지역의 전자 산업은 세륨 수요를 촉진하는 데 매우 중요한 역할을 하고 있습니다. 전자기기에서 세륨의 사용 증가는 시장 성장을 가속하고 동아시아가 세계 시장에서 지배적 인 힘을 확립하고 있습니다.
이 보고서는 세계의 세륨 시장에 대해 조사했으며, 시장 개요와 함께 용도별/지역별 동향, 시장 진출기업의 경쟁 동향 등을 제공합니다.
목차
제1장 주요 요약
제2장 시장 개요
- 시장 정의와 세분화
- 시장 역학
- 밸류체인 분석
- Porter의 Five Forces 분석
- COVID-19의 영향 분석
- 우크라이나·러시아 분쟁의 영향
- 경제 개요
- PESTLE 분석
제3장 가격 분석, 2019년-2023년
제4장 세계의 세륨 시장 전망, 2019년-2031년
- 세계의 세륨 시장 전망, 용도별, 금액(100만 달러), 수량(개), 2019년-2031년
- 세계의 세륨 시장 전망, 지역별, 금액(100만 달러), 수량(개), 2019년-2031년
제5장 북미의 세륨 시장 전망, 2019년-2031년
제6장 유럽의 세륨 시장 전망, 2019년-2031년
제7장 아시아태평양의 세륨 시장 전망, 2019년-2031년
제8장 라틴아메리카의 세륨 시장 전망, 2019년-2031년
제9장 중동 및 아프리카의 세륨 시장 전망, 2019년-2031년
제10장 경쟁 구도
- 기업의 시장 점유율 분석, 2024년
- 경쟁 대시보드
- 기업 개요
- Avalon Rare Metals Inc.
- China Minmetals Rare Earth Co. Ltd.
- Baotou Hefa Rare Earth Co. Ltd.
- Lynas Corporation Ltd.
- 기타
제11장 부록
LSH
The global cerium market is set to grow significantly, with forecasts predicting it will reach $275.4 million by 2024. This growth is primarily driven by the increasing demand for rare earth metal catalysts in various manufacturing industries. The market is on track to continue this positive trend, aiming for $362.2 million by 2031, with an anticipated CAGR of 4.00%. This upward trajectory offers ample opportunities for industry players.
Market Overview
The cerium market is on a steady growth path, fueled by its extensive use in multiple applications. Cerium, a versatile rare earth element, is widely utilized in catalysts, self-cleaning ovens, lighters, coloring glass and ceramics, and as a polishing agent. This broad spectrum of uses is a significant factor in the market's expansion.
Increasing Demand for Catalysts
A key driver of the cerium market is the escalating demand for catalysts. Cerium-based catalysts are crucial in various manufacturing processes, and their usage is expected to rise substantially over the next decade. This growing demand is projected to maintain a strong growth rate for the cerium market.
Regional Market Insights
East Asia: Leading the Charge
East Asia, especially Japan and China, is at the forefront of the global cerium market. The electronics industry in this region plays a pivotal role in driving cerium demand. The increasing application of cerium in electronics is propelling market growth, establishing East Asia as a dominant force in the global market.
North America: New Growth Prospects
The North American cerium market is also showing promising growth potential. Efforts to reduce reliance on China and the adoption of advanced manufacturing techniques are key factors driving the market's expansion. Enhanced exploration and investment initiatives in the region are expected to further support market growth.
Europe: A Steady Market
Europe is expected to maintain stable demand for cerium. The region's consistent growth can be attributed to the diverse applications of cerium across various industries. Despite market fluctuations, Europe remains a significant player in the global cerium market.
Rest of the World: Moderate Demand
The rest of the world is predicted to show moderate demand for cerium. However, ongoing exploration and recycling initiatives in different regions could offer new growth opportunities for market participants.
Challenges and Restraints
Price Volatility
A major challenge for the cerium market is the frequent fluctuation in cerium prices. These price variations can influence overall market dynamics and limit growth opportunities. The global market's heavy dependence on China is another potential constraint in the coming years.
Dependence on China
The global cerium market's significant reliance on China for supply is a notable challenge. Any disruptions in the supply chain from China could have widespread impacts on the global market. Diversifying supply sources and exploring local reserves could mitigate this risk and ensure a stable cerium supply.
Market Opportunities
Expanding Applications of Cerium
The diverse applications of cerium are generating numerous growth opportunities. From self-cleaning ovens and lighter flints to glass and ceramics coloring, cerium's versatility is boosting its demand. Additionally, the exploration of untapped reserves and recycling cerium from e-waste are expected to further drive market growth.
Exploration and Investments
Ongoing exploration and investment in cerium reserves are essential for sustaining market growth. Recent industry developments, such as the U.S. Department of Energy's funding initiatives, are expected to enhance local supply chains for rare earth elements. These investments are crucial for securing cerium supplies and supporting market expansion.
Key Market Players
Leading players in the cerium market include Avalon Rare Metals Inc., China Minmetals Rare Earth Co. Ltd., Baotou Hefa Rare Earth Co. Ltd., and Lynas Corporation Ltd. These companies are at the forefront of the market, driving innovation and growth through strategic initiatives.
Cerium Industry Research by Category
By Application:
- Glass
- Catalysts
- Alloys
- Others
By Region:
- North America
- Europe
- Latin America
- East Asia
- The Middle East & Africa
- South Asia & Pacific
Table of Contents
1. Executive Summary
- 1.1. Global Cerium Market Snapshot
- 1.2. Future Projections
- 1.3. Key Market Trends
- 1.4. Regional Snapshot, by Value, 2024
- 1.5. Analyst Recommendations
2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
- 2.3. Value Chain Analysis
- 2.4. Porter's Five Forces Analysis
- 2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
- 2.6. Impact of Ukraine-Russia Conflict
- 2.7. Economic Overview
- 2.7.1. World Economic Projections
- 2.8. PESTLE Analysis
3. Price Analysis, 2019-2023
- 3.1. Global Average Price Analysis, by Product, US$ Per Unit, 2019-2023
- 3.2. Prominent Factor Affecting Cerium Prices
- 3.3. Global Average Price Analysis, by Region, US$ Per Unit
4. Global Cerium Market Outlook, 2019-2031
- 4.1. Global Cerium Market Outlook, by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 4.1.1. Key Highlights
- 4.1.1.1. Glass
- 4.1.1.2. Catalysts
- 4.1.1.3. Alloys
- 4.1.1.4. Others
- 4.2. Global Cerium Market Outlook, by Region, Value (US$ Mn), Volume (Units), 2019-2031
- 4.2.1. Key Highlights
- 4.2.1.1. North America
- 4.2.1.2. Europe
- 4.2.1.3. Asia Pacific
- 4.2.1.4. Latin America
- 4.2.1.5. Middle East & Africa
5. North America Cerium Market Outlook, 2019-2031
- 5.1. North America Cerium Market Outlook, by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 5.1.1. Key Highlights
- 5.1.1.1. Glass
- 5.1.1.2. Catalysts
- 5.1.1.3. Alloys
- 5.1.1.4. Others
- 5.1.2. BPS Analysis/Market Attractiveness Analysis
- 5.2. North America Cerium Market Outlook, by Country, Value (US$ Mn), Volume (Units), 2019-2031
- 5.2.1. Key Highlights
- 5.2.1.1. U.S. Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 5.2.1.2. Canada Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
6. Europe Cerium Market Outlook, 2019-2031
- 6.1. Europe Cerium Market Outlook, by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 6.1.1. Key Highlights
- 6.1.1.1. Glass
- 6.1.1.2. Catalysts
- 6.1.1.3. Alloys
- 6.1.1.4. Others
- 6.1.2. BPS Analysis/Market Attractiveness Analysis
- 6.2. Europe Cerium Market Outlook, by Country, Value (US$ Mn), Volume (Units), 2019-2031
- 6.2.1. Key Highlights
- 6.2.1.1. Germany Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 6.2.1.2. U.K. Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 6.2.1.3. France Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 6.2.1.4. Italy Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 6.2.1.5. Turkey Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 6.2.1.6. Russia Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 6.2.1.7. Rest of Europe Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
7. Asia Pacific Cerium Market Outlook, 2019-2031
- 7.1. Asia Pacific Cerium Market Outlook, by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 7.1.1. Key Highlights
- 7.1.1.1. Glass
- 7.1.1.2. Catalysts
- 7.1.1.3. Alloys
- 7.1.1.4. Others
- 7.1.2. BPS Analysis/Market Attractiveness Analysis
- 7.2. Asia Pacific Cerium Market Outlook, by Country, Value (US$ Mn), Volume (Units), 2019-2031
- 7.2.1. Key Highlights
- 7.2.1.1. China Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 7.2.1.2. Japan Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 7.2.1.3. South Korea Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 7.2.1.4. India Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 7.2.1.5. Southeast Asia Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 7.2.1.6. Rest of Asia Pacific Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
8. Latin America Cerium Market Outlook, 2019-2031
- 8.1. Latin America Cerium Market Outlook, by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 8.1.1. Key Highlights
- 8.1.1.1. Glass
- 8.1.1.2. Catalysts
- 8.1.1.3. Alloys
- 8.1.1.4. Others
- 8.1.2. BPS Analysis/Market Attractiveness Analysis
- 8.2. Latin America Cerium Market Outlook, by Country, Value (US$ Mn), Volume (Units), 2019-2031
- 8.2.1. Key Highlights
- 8.2.1.1. Brazil Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 8.2.1.2. Mexico Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 8.2.1.3. Argentina Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 8.2.1.4. Rest of Latin America Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
9. Middle East & Africa Cerium Market Outlook, 2019-2031
- 9.1. Middle East & Africa Cerium Market Outlook, by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 9.1.1. Key Highlights
- 9.1.1.1. Glass
- 9.1.1.2. Catalysts
- 9.1.1.3. Alloys
- 9.1.1.4. Others
- 9.1.2. BPS Analysis/Market Attractiveness Analysis
- 9.2. Middle East & Africa Cerium Market Outlook, by Country, Value (US$ Mn), Volume (Units), 2019-2031
- 9.2.1. Key Highlights
- 9.2.1.1. GCC Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 9.2.1.2. South Africa Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 9.2.1.3. Egypt Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 9.2.1.4. Nigeria Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 9.2.1.5. Rest of Middle East & Africa Cerium Market by Application, Value (US$ Mn), Volume (Units), 2019-2031
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
10. Competitive Landscape
- 10.1. Company Market Share Analysis, 2024
- 10.2. Competitive Dashboard
- 10.3. Company Profiles
- 10.3.1. Avalon Rare Metals Inc.
- 10.3.1.1. Company Overview
- 10.3.1.2. Therapy Portfolio
- 10.3.1.3. Financial Overview
- 10.3.1.4. Business Strategies and Development
- 10.3.2. China Minmetals Rare Earth Co. Ltd.
- 10.3.2.1. Company Overview
- 10.3.2.2. Therapy Portfolio
- 10.3.2.3. Financial Overview
- 10.3.2.4. Business Strategies and Development
- 10.3.3. Baotou Hefa Rare Earth Co. Ltd.
- 10.3.3.1. Company Overview
- 10.3.3.2. Therapy Portfolio
- 10.3.3.3. Financial Overview
- 10.3.3.4. Business Strategies and Development
- 10.3.4. Lynas Corporation Ltd.
- 10.3.4.1. Company Overview
- 10.3.4.2. Therapy Portfolio
- 10.3.4.3. Financial Overview
- 10.3.4.4. Business Strategies and Development
- 10.3.5. Others
- 10.3.5.1. Company Overview
- 10.3.5.2. Therapy Portfolio
- 10.3.5.3. Financial Overview
- 10.3.5.4. Business Strategies and Development
11. Appendix
- 11.1. Research Methodology
- 11.2. Report Assumptions
- 11.3. Acronyms and Abbreviations
