Investment Rating - The report indicates a positive outlook for the rare earth carbonate industry, projecting significant growth in market size from 43.48 billion RMB in 2023 to 77.91 billion RMB by 2027 [4][26]. Core Insights - The report emphasizes the transformation of China's rare earth carbonate industry, driven by national policy adjustments and increasing awareness of ESG (Environmental, Social, and Governance) principles. The industry is moving from low-value products to high-value, innovative, and sustainable products [4][12]. - The report forecasts that the market size of the rare earth carbonate industry in China will reach 43.48 billion RMB in 2023 and continue to grow to 77.91 billion RMB by 2027, indicating a robust growth trajectory [4][26]. Industry Definition and Classification - The rare earth carbonate industry involves the research, production, and sales of rare earth carbonate products, which are essential in various high-tech applications, including electronics and optics [5][6]. - Rare earth carbonates are classified into several types based on the content of rare earth elements, including light rare earth carbonates and heavy rare earth carbonates [6][7]. Industry Characteristics - The industry is characterized by a rich supply of rare earth resources, but it currently lacks strong technological innovation capabilities. The focus is shifting towards high-value products and sustainable practices [9][10]. - The report highlights that China is the largest producer and holder of rare earth resources globally, with a production volume of 210,000 tons in 2022 [10]. Development History - The rare earth carbonate industry in China has undergone three main phases: the nascent phase (1950-1979), the initiation phase (1980-1999), and the rapid development phase (2000-present). Currently, it is in a transformation and upgrading stage [12][13][15]. Industry Chain Analysis - The industry chain consists of upstream mining, midstream processing, and downstream applications. Upstream activities are dominated by large state-owned enterprises, while midstream processing involves specialized companies that prepare and sell rare earth carbonate products [17][18]. - The downstream applications are diverse, including electronics, new energy, and optical glass, with a growing demand for rare earth products in these sectors [18][25]. Market Size and Growth - The market size of the rare earth carbonate industry in China has grown from 30.27 billion RMB in 2017 to 43.48 billion RMB in 2023, with expectations for continued growth driven by expanding applications and technological advancements [26][27]. Policy Overview - The report outlines various policies aimed at regulating the rare earth industry, including measures to strengthen industry order and promote sustainable development [30][34]. Competitive Landscape - The rare earth carbonate market in China is dominated by a few key players, including Northern Rare Earth, China Rare Earth, and Xiamen Tungsten, which hold significant market power and technological advantages [38][39].
碳酸稀土 头豹词条报告系列
Tou Bao Yan Jiu Yuan·2024-02-18 16:00