According to a market report by Lucintel, the future of the global monazite market looks promising with opportunities in the chemical, metallurgy, electronic, and medical markets. The global monazite market is expected to reach an estimated $1 billion by 2030 with a CAGR of 2.1% from 2024 to 2030. The major drivers for this market are surge in demand for rare earth elements, significantly growing nuclear power generation, and easy availability of monazite in abundance.
A more than 150–page report is developed to understand Trends,
opportunity and forecast in monazite market to 2030 by type (acid cracking and
alkaline cracking), application (chemical, metallurgy, electronic, medical, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
In this market, acid cracking and alkaline cracking are the major
segments of monazite market by type. Lucintel forecasts that acid cracking will
remain the larger segment over the forecast period.
Within this market, chemical will remain the largest segment.
Download sample by clicking on monazite market
APAC will remain the largest region over the forecast period due to
increasing population and significantly growing economies of various countries,
such as China, Japan, and India.
Hongyuan Rare Earth, Xiangjiang River Rare Earth, Shenghe Resources, VV
Mineral, and Medallion Resources are the major suppliers in the monazite
market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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