Lanthanum Market
Lanthanum Market
The market for Lanthanum was estimated at $747.20 million in 2024; it is anticipated to increase to $1.19 billion by 2030, with projections indicating growth to around $1.76 billion by 2035.
Report Summary
Table of Contents
Methodology
Market Data
Global Lanthanum Market Outlook
Revenue, 2024 (US$M)
$747M
Forecast, 2034 (US$B)
$1.63B
CAGR, 2024 - 2034
8.1%
The Lanthanum industry revenue is expected to be around $807.7 million in 2025 and expected to showcase growth with 8.1% CAGR between 2025 and 2034. The steady rise in the Lanthanum market can largely be credited to its role in a variety of advanced industrial applications. Its importance is underscored by its presence in earth ores and its continued use in emerging technologies that are shaping today's technology driven world. This mineral is highly sought after for its role in the development of sustainable energy solutions like rechargeable batteries and hydrogen storage cells—a fact that resonates with the global shift, towards renewable energy sources. The increasing trend towards making electronic devices smaller is also driving the demand for the compound due, to its conductivity and thermoelectric characteristics which are highly valued in the markets growth dynamics shaping Lanthanums enduring market importance and impact.
In industrial uses the element lanthanum possesses several distinctive qualities that set it apart from others. This silvery white metal is well known for its physical properties, like being easily shaped and stretched as well as its ability to withstand corrosion effectively.
Market Key Insights
- The Lanthanum market is projected to grow from $747.2 million in 2024 to $1.63 billion in 2034. This represents a CAGR of 8.1%, reflecting rising demand across Catalysis in Petroleum Refining, Optical Glasses Manufacturing and Hydrogen Storage Materials.
- China Northern Rare Earth Group High-Tech Co. Ltd., Alkane Resources Ltd., Avalon Advanced Materials Inc. are among the leading players in this market, shaping its competitive landscape.
- China and U.S. are the top markets within the Lanthanum market and are expected to observe the growth CAGR of 5.9% to 8.5% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 7.8% to 10.1%.
- Transition like Embracing Sustainable Future is expected to add $127.5 million to the Lanthanum market growth by 2030
- The Lanthanum market is set to add $881 million between 2024 and 2034, with manufacturer targeting Electronics & Ceramics Application projected to gain a larger market share.
- With Increased adoption in battery manufacture, and Proliferation of green energy solutions, Lanthanum market to expand 118% between 2024 and 2034.
Opportunities in the Lanthanum
In the midst of India and Chinas ongoing journey towards growth and development the need for precious rare earth elements such, as Lanthanum is predicted to significantly surge.
Growth Opportunities in North America and Europe
North America Outlook
North America plays a role when it comes to Lanthanum production because of its strong industrial sector influence in the region – especially seen in the high demand for Lanthanum in catalysts and metallurgy due to the large number of automobile and steel manufacturing facilities present there. Additionally. the growing focus on clean energy initiatives in the US and Canada is driving the utilization of Lanthanum in battery production, for electric cars and other energy storage applications. There is strong competition from other rare earth elements in the market and ensuring a stable supply of these elements in an unpredictable global environment continues to be a significant challenge in the region. Efficiently managing the supply chain and establishing sources of raw materials are key pillars to asserting dominance in the Lanthanum sector, in North America.
Europe Outlook
In Europe's push towards energy and the growing electronics sector is where Lanthanum plays a vital role. Especially in high tech fields like telecommunications and aerospace as well as advanced manufacturing in nations such as Germany and France among others like the United Kingdom too! However in Europe's journey with Lanthanum lies the challenge of navigating through regulations, around using rare earth elements. Masterfully navigating through these standards plays a pivotal role for companies looking to capitalize on the opportunities presented by Lanthanum in this region. Adopt an approach and incorporating sustainable sourcing might just give businesses a competitive advantage, in the European marketplace.
Market Dynamics and Supply Chain
01
Driver: Increased Adoption in Battery Manufacture, and Evolving Catalyst Industry
The demand for lanthanum has also seen an increase thanks to the rising popularity of electric vehicles that use nickel metal hydride batteries as a key component for their production. These batteries are also preferred for electric vehicles due to their enhanced energy density and long lifespan. As the world shifts towards environmentally friendly transportation options and moves away from traditional combustion engines the demand, for lanthanum is also expected to continue growing in this sector. The international catalyst sector utilizes Lanthanum as a component in fluid cracking catalysts . These catalysts have also an impact, on the oil refining sector.
The widespread utilization of Lanthanum in creating materials that store hydrogen for fuel cells has also been a development in the field of environmentally friendly energy solutions. This shift towards clean energy sources has also led to an increased demand for fuel cells and subsequently Lanthanum. This advancement is also in line with goals for reducing carbon emissions and is also boosting the appeal of Lanthanum, in the market.
The widespread utilization of Lanthanum in creating materials that store hydrogen for fuel cells has also been a development in the field of environmentally friendly energy solutions. This shift towards clean energy sources has also led to an increased demand for fuel cells and subsequently Lanthanum. This advancement is also in line with goals for reducing carbon emissions and is also boosting the appeal of Lanthanum, in the market.
02
Restraint: Regulatory Constraints
The strict rules and regulations set by organizations globally pose a significant hurdle to the expansion of the Lanthanum market as a whole. The potential dangers associated with extracting and using Lanthanum in industries have led to the implementation of strict regulations that highlight the risks involved in its application. Businesses are required to comply with standards and allocate substantial resources to meet these requirements. This results in operational expenses and has a detrimental effect, on market trends.
03
Opportunity: Untapped Market Potential in Hydrogen Storage and Collaborations for Technological Advancements
Lanthanum is mainly used in making catalysts and batteries besides glass at present time. Given its ability to absorb large quantities of hydrogen Lanthanum emerges as a suitable option for advanced hydrogen storage solutions. As global green energy efforts pick up pace the significance of hydrogen as an energy source gains traction. There is potential for Lanthanum in the market for hydrogen storage presented as a promising pathway, for expansion.
Collaborating with tech focused companies and Lanthanum producers to create advanced uses, for Lanthanum can boost its market value by integrating AI and cutting edge technology into the extraction and production processes.
Collaborating with tech focused companies and Lanthanum producers to create advanced uses, for Lanthanum can boost its market value by integrating AI and cutting edge technology into the extraction and production processes.
04
Challenge: Supply Chain Disruptions
The Lanthanum market faces challenges from shifts in the supply chain caused by geopolitical conflicts and economic uncertainties. Certain regions hold a stronghold on Lanthanum extraction; therefore any disturbances there can greatly affect its availability. Easing restrictions within the Rare Earth sector and resolving trade disagreements could play a role, in handling supply chain interruptions and sustaining stable market expansion.
Supply Chain Landscape
1
Mining & Extraction
China Minmetals Corporation
Avalon Advanced Materials Inc
2
Refining
Lynas Corporation Ltd
Iluka Resources Limited
3
Manufacturing
China Northern Rare Earth Group
Minmetals Rare Earth Co. Ltd
4
End-User Industry
Electronics
Automobile
Healthcare
1
Mining & Extraction
China Minmetals Corporation
Avalon Advanced Materials Inc
2
Refining
Lynas Corporation Ltd
Iluka Resources Limited
3
Manufacturing
China Northern Rare Earth Group
Minmetals Rare Earth Co. Ltd
4
End-User Industry
Electronics
Automobile
Healthcare
*The illustration highlights the key stakeholders within the supply chain ecosystem.
Applications of Lanthanum in Catalysis in Petroleum Refining, Optical Glasses Manufacturing & Hydrogen Storage Materials
Catalysis in Petroleum Refining
In the oil refining sector lanthanum is primarily used in catalysis. Lanthanum oxide based catalysts are popular for their stability and efficiency, in breaking down oil fractions. Their key benefit is speeding up chemical reactions during refining, which boosts operational efficiency. ExxonMobil and Royal Dutch Shell are recognized for utilizing this application to uphold their top positions in the market. Their innovative use of catalysts, in refineries has been praised by key industry figures.
Hydrogen Storage Materials
Lanthanum nickel is mainly utilized for storing hydrogen gas due to its exceptional capability to absorb and release hydrogen without causing any structural damage—an essential contribution to advancing clean and sustainable energy sources worldwide. This innovative alloy provides an effective method for storing hydrogen gas for applications such as fuel cells. One of the players in this field is Johnson Matthey—a prominent global technology company specializing in sustainable technologies—that has solidified its market position through significant advancements in utilizing Lanthanum, for hydrogen storage solutions.
Optical Glasses Manufacturing
In the optical glasses industry lanthanum oxide is widely employed. It enhances the index of glass thus enhancing the optical characteristics of the end product.
Recent Developments
December 2024
BASF unveiled a cutting edge lanthanum based catalyst designed to improve efficiency and environmental sustainability, in the energy sector.
October 2024
Johnson Matthey has extended its expertise in the precious metals sector to focus on the medical imaging field by developing a contrast agent infused with lanthanum, for effective X ray radiography.
August 2024
Rio Tinto invested significantly in mining and processing Lanthanum due to the expected increase in demand, from the vehicle and renewable energy industries.
In the table of elements Lanthanum is considered a vital component with distinctive properties that are highly valued in several industries due to its special characteristics and features This has led to an increasing demand for Lanthanum in recent market trends especially in sectors that benefit from its unique advantages making it a pioneer in the industry The renewable energy sector in particular has shown growing enthusiasm, for Lanthanum products.
Impact of Industry Transitions on the Lanthanum Market
As a core segment of the Metal & Minerals industry,
the Lanthanum market develops in line with broader industry shifts.
Over recent years, transitions such as Embracing Sustainable Future and Revolutionizing Electronics have redefined priorities
across the Metal & Minerals sector,
influencing how the Lanthanum market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Embracing Sustainable Future
Lanthanum plays a role in the shift towards clean energy as it is extensively utilized in fuel cells and hydrogen storage. Both essential components of a sustainable future without carbon emissions. With the global focus shifting away from fuels to cleaner alternatives the use of lanthanum based materials is gaining momentum, in the field of clean energy storage and generation. For example alloys containing lanthanum have the ability to store hydrogen, which can then be used as a source of fuel leaving only water as a harmless byproduct. Lanthanums impressive qualities show potential for aiding the shift towards a more sustainable future and have led to an increase in global demand, for it that is now impacting market trends significantly. This industry transition is expected to add $127.5 million in the industry revenue between 2024 and 2030.
02
Revolutionizing Electronics
In the world of electronics today There is a shift occurring that is impacting how lanthanum is utilized. Thanks to its properties in electronic components like capacitors and semiconductor devices latanhum plays a crucial role, in improving electronic performance.