India Rare Earth Elements Market (2025-2031) | Forecast, Industry, Analysis, Competitive Landscape, Segmentation, Companies, Growth, Outlook, Trends, Value, Share, Size & Revenue

Market Forecast By Product (Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium), By Application (Magnets, Catalysts, Metallurgy, Polishing, Glass, Phosphors, Ceramics, Other) And Competitive Landscape
Product Code: ETC7552426 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Summon Dutta No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Rare Earth Elements Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India`s import shipments of rare earth elements in 2024 continued to be dominated by top exporting countries including China, USA, UK, South Korea, and Belgium. With a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the compound annual growth rate (CAGR) from 2020 to 2024 stood impressively at 23.37%. Despite a slight slowdown, the growth rate in 2024 remained positive at 0.68%, reflecting a steady momentum in the import market for rare earth elements in India.

India Rare Earth Elements Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • India Rare Earth Elements Market Outlook
  • Market Size of India Rare Earth Elements Market, 2024
  • Forecast of India Rare Earth Elements Market, 2031
  • Historical Data and Forecast of India Rare Earth Elements Revenues & Volume for the Period 2021- 2031
  • India Rare Earth Elements Market Trend Evolution
  • India Rare Earth Elements Market Drivers and Challenges
  • India Rare Earth Elements Price Trends
  • India Rare Earth Elements Porter's Five Forces
  • India Rare Earth Elements Industry Life Cycle
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Product for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Cerium for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Dysprosium for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Erbium for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Europium for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Gadolinium for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Holmium for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Lanthanum for the Period 2021- 2031
  • Historical Data and Forecast of India Cerium Rare Earth Elements Market Revenues & Volume By Lutetium for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Magnets for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Catalysts for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Metallurgy for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Polishing for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Glass for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Phosphors for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Ceramics for the Period 2021- 2031
  • Historical Data and Forecast of India Rare Earth Elements Market Revenues & Volume By Other for the Period 2021- 2031
  • India Rare Earth Elements Import Export Trade Statistics
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By Application
  • India Rare Earth Elements Top Companies Market Share
  • India Rare Earth Elements Competitive Benchmarking By Technical and Operational Parameters
  • India Rare Earth Elements Company Profiles
  • India Rare Earth Elements Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Rare Earth Elements Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Rare Earth Elements Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Rare Earth Elements Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Rare Earth Elements Market Revenues & Volume, 2021 & 2031F

3.3 India Rare Earth Elements Market - Industry Life Cycle

3.4 India Rare Earth Elements Market - Porter's Five Forces

3.5 India Rare Earth Elements Market Revenues & Volume Share, By Product, 2021 & 2031F

3.6 India Rare Earth Elements Market Revenues & Volume Share, By Application, 2021 & 2031F

4 India Rare Earth Elements Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for rare earth elements in the electronics and renewable energy sectors

4.2.2 Growing government initiatives to promote the exploration and extraction of rare earth elements

4.2.3 Rising investments in research and development activities for new applications of rare earth elements

4.3 Market Restraints

4.3.1 Environmental concerns and regulations surrounding the mining and processing of rare earth elements

4.3.2 Volatility in prices of rare earth elements due to geopolitical factors and supply chain disruptions

5 India Rare Earth Elements Market Trends

6 India Rare Earth Elements Market, By Types

6.1 India Rare Earth Elements Market, By Product

6.1.1 Overview and Analysis

6.1.2 India Rare Earth Elements Market Revenues & Volume, By Product, 2021- 2031F

6.1.3 India Rare Earth Elements Market Revenues & Volume, By Cerium, 2021- 2031F

6.1.4 India Rare Earth Elements Market Revenues & Volume, By Dysprosium, 2021- 2031F

6.1.5 India Rare Earth Elements Market Revenues & Volume, By Erbium, 2021- 2031F

6.1.6 India Rare Earth Elements Market Revenues & Volume, By Europium, 2021- 2031F

6.1.7 India Rare Earth Elements Market Revenues & Volume, By Gadolinium, 2021- 2031F

6.1.8 India Rare Earth Elements Market Revenues & Volume, By Holmium, 2021- 2031F

6.1.9 India Rare Earth Elements Market Revenues & Volume, By Lutetium, 2021- 2031F

6.1.10 India Rare Earth Elements Market Revenues & Volume, By Lutetium, 2021- 2031F

6.2 India Rare Earth Elements Market, By Application

6.2.1 Overview and Analysis

6.2.2 India Rare Earth Elements Market Revenues & Volume, By Magnets, 2021- 2031F

6.2.3 India Rare Earth Elements Market Revenues & Volume, By Catalysts, 2021- 2031F

6.2.4 India Rare Earth Elements Market Revenues & Volume, By Metallurgy, 2021- 2031F

6.2.5 India Rare Earth Elements Market Revenues & Volume, By Polishing, 2021- 2031F

6.2.6 India Rare Earth Elements Market Revenues & Volume, By Glass, 2021- 2031F

6.2.7 India Rare Earth Elements Market Revenues & Volume, By Phosphors, 2021- 2031F

6.2.8 India Rare Earth Elements Market Revenues & Volume, By Other, 2021- 2031F

6.2.9 India Rare Earth Elements Market Revenues & Volume, By Other, 2021- 2031F

7 India Rare Earth Elements Market Import-Export Trade Statistics

7.1 India Rare Earth Elements Market Export to Major Countries

7.2 India Rare Earth Elements Market Imports from Major Countries

8 India Rare Earth Elements Market Key Performance Indicators

8.1 Percentage increase in exploration and mining licenses granted by the Indian government

8.2 Research and development expenditure focused on rare earth element applications

8.3 Number of collaborations between Indian companies and international players for rare earth element projects

9 India Rare Earth Elements Market - Opportunity Assessment

9.1 India Rare Earth Elements Market Opportunity Assessment, By Product, 2021 & 2031F

9.2 India Rare Earth Elements Market Opportunity Assessment, By Application, 2021 & 2031F

10 India Rare Earth Elements Market - Competitive Landscape

10.1 India Rare Earth Elements Market Revenue Share, By Companies, 2024

10.2 India Rare Earth Elements Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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