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Lanthanum Market
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Lanthanum Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1302015, Published - May 2025

Segmented in Product Form (Powder, Lump, Nanoscale), Application (Chemical, Electronics, Ceramics, Glass, Hydrogen Storage, Others), Production Process, Chemical Compounds and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Lanthanum Market Outlook

The market, for Lanthanum was estimated at $747.2 million in 2024; and it is anticipated to increase to $1.2 billion by 2030 with projections indicating a growth to around $1.8 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 8.1% over the forecast period. 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 Size Forecast & Key Insights

2019
$747M2024
2029
$1.6B2034

Absolute Growth Opportunity = $881M

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.

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 Market

Rapid Industrialization in Developing Countries

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.

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.

Growth Opportunities in North America and Europe

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.

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.

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.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : China, U.S., Japan, France, Germany are expected to grow at 5.9% to 8.5% CAGR

2

Emerging Markets : Brazil, India, South Africa are expected to grow at 7.8% to 10.1% CAGR

Market Analysis Chart

The global market for Lanthanum is experiencing growth due to its wide ranging use in different industries, like glass manufacturing and hybrid vehicle battery production.

Recent Developments and Technological Advancement

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.

1

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.

2

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.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Metal & Minerals industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Metal & Minerals industry cascade into the Lanthanum market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

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.

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.

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

Mining & Extraction

China Minmetals Corporation

Avalon Advanced Materials Inc

Refining

Lynas Corporation Ltd

Iluka Resources Limited

Manufacturing
China Northern Rare Earth Group / Minmetals Rare Earth Co. Ltd
End-User Industry
Electronics / Automobile / Healthcare
Mining & Extraction

China Minmetals Corporation

Avalon Advanced Materials Inc

Refining

Lynas Corporation Ltd

Iluka Resources Limited

Manufacturing

China Northern Rare Earth Group

Minmetals Rare Earth Co. Ltd

End-User Industry

Electronics

Automobile

Healthcare

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Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Alloy Production
Manufacturing
MINMETALS RARE EARTH
Enhancing Lanthanum availability through strategic acquisition of rare earth mines
Catalysts
Chemical Industry
Lynas Corporation Limited
Expanding production to meet global catalyst demand
Optical Equipment
Technology
Shin-Etsu Chemical Co., Ltd.
Investing in R&D for improved Lanthanum use in optical products
Battery Manufacture
Renewable Energy
Neo Performance Materials Inc.
Diversification in clean energy markets emphasizing on Lanthanum-based products

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Lanthanum market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Lanthanum in Catalysis in Petroleum Refining and Optical Glasses Manufacturing and Hydrogen Storage Materials

Catalysis in Petroleum Refining and Optical Glasses Manufacturing

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.

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.

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.

Lanthanum vs. Substitutes:
Performance and Positioning Analysis

Lanthanum is a competitive choice in the rare earth metals market, noted for its high availability, affordability, and versatile use in numerous technologies. The metals unique market positioning is fueled primarily by its exponential growth in demand within the clean energy sector. These Alternatives specially Yttrium Oxide has experienced a rapid growth as detailed in our latest report.

Lanthanum
    High reactivity, prevalent use in industries such as health care, aerospace and electronics
    Reactivity with water and air, potential health risks from exposure
    High reactivity, ample supply
    Tends to oxidize quickly, expensive extraction process

Lanthanum vs. Substitutes:
Performance and Positioning Analysis

Lanthanum

  • High reactivity, prevalent use in industries such as health care, aerospace and electronics
  • Reactivity with water and air, potential health risks from exposure

Cerium / Yttrium Oxide / Neodymium Oxide

  • High reactivity, ample supply
  • Tends to oxidize quickly, expensive extraction process

Lanthanum is a competitive choice in the rare earth metals market, noted for its high availability, affordability, and versatile use in numerous technologies. The metals unique market positioning is fueled primarily by its exponential growth in demand within the clean energy sector. These Alternatives specially Yttrium Oxide has experienced a rapid growth as detailed in our latest report.

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Research Methodology

This market research methodology defines the Lanthanum market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Metal & Minerals ecosystem, we analyze Lanthanum across Chemical, Electronics, and Ceramics Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as China Northern Rare Earth Group High-Tech Co. Ltd., Alkane Resources Ltd., and Avalon Advanced Materials Inc. by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Mining & Extraction, Refining, and Manufacturing. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Metal & Minerals revenues to estimate the Lanthanum segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Mining & Extraction (China Minmetals Corporation, Avalon Advanced Materials Inc), Refining (Lynas Corporation Ltd, Iluka Resources Limited), and Manufacturing. Our parallel substitute analysis examines Cerium, Yttrium Oxide, and Neodymium Oxide, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as China Northern Rare Earth Group High-Tech Co. Ltd., Alkane Resources Ltd., and Avalon Advanced Materials Inc., analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Lanthanum market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Lanthanum Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 807 million
Revenue Forecast in 2034USD 1.63 billion
Growth RateCAGR of 8.1% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 2024747 million
Growth OpportunityUSD 881 million
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD million and Industry Statistics
Market Size 2024747 million USD
Market Size 2027943 million USD
Market Size 20291.10 billion USD
Market Size 20301.19 billion USD
Market Size 20341.63 billion USD
Market Size 20351.76 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Form, Application, Production Process, Chemical Compounds
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledChina Northern Rare Earth Group High-Tech Co. Ltd., Alkane Resources Ltd., Avalon Advanced Materials Inc., Canada Rare Earth Corporation, Iluka Resources Limited, Lynas Corporation Ltd., Neo Performance Materials Inc., Arafura Resources Ltd., Indian Rare Earths Limited, Greenland Minerals Ltd., Ore Processing International and Minmetals Rare Earth Co. Ltd
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Lanthanum Market Size, Opportunities & Strategic Insights, by Product Form

4.1Powder
4.2Lump
4.3Nanoscale
Chapter 5

Lanthanum Market Size, Opportunities & Strategic Insights, by Application

5.1Chemical
5.2Electronics
5.3Ceramics
5.4Glass
5.5Hydrogen Storage
5.6Others
Chapter 6

Lanthanum Market Size, Opportunities & Strategic Insights, by Production Process

6.1Extraction
6.2Refinement
6.3Shaping
Chapter 7

Lanthanum Market Size, Opportunities & Strategic Insights, by Chemical Compounds

7.1Oxide
7.2Carbonate
7.3Chloride
Chapter 8

Lanthanum Market, by Region

8.1North America Lanthanum Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Lanthanum Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Lanthanum Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Lanthanum Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Lanthanum Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Lanthanum Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1China Northern Rare Earth Group High-Tech Co. Ltd.
9.2.2Alkane Resources Ltd.
9.2.3Avalon Advanced Materials Inc.
9.2.4Canada Rare Earth Corporation
9.2.5Iluka Resources Limited
9.2.6Lynas Corporation Ltd.
9.2.7Neo Performance Materials Inc.
9.2.8Arafura Resources Ltd.
9.2.9Indian Rare Earths Limited
9.2.10Greenland Minerals Ltd.
9.2.11Ore Processing International
9.2.12Minmetals Rare Earth Co. Ltd