1. Revenue Share of Top 3 and Top 5 Manufacturers in Light Rare Earth (LRE) Carbonate Market in 2022
The global light rare earth carbonate market is dominated by the top five manufacturers, which accounted for 76.46% of the market share in 2022. This high proportion shows the high concentration of the market. But although the market is dominated by a few large companies, there is still a part of the market share (23.54%) occupied by other smaller manufacturers. This shows that although the market is concentrated, there is still a certain degree of competition and market opportunities, especially for small and medium-sized manufacturers who can provide differentiated products or services.
Figure Global Top 3 Players Market Share by Revenue
Figure Global Top 5 Players Market Share by Revenue
2. Global Light Rare Earth (LRE) Carbonate Market Revenue and Share Analysis by Manufacturers
The total revenue of the light rare earth carbonate market shows a continuous growth trend, from US$478.69 million in 2018 to US$875.58 million in 2023. Among them, China Northern Rare Earth (Group) High-Tech Co., Ltd accounts for the largest share of revenue, increasing from US$288.52 million in 2018 to US$618.09 million in 2023.
Table Global Light Rare Earth (LRE) Carbonate Revenue (M USD) by Manufacturer (2018-2023)
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
China Northern Rare Earth (Group) High-Tech Co.,Ltd. |
288.52 |
384.04 |
378.12 |
390.61 |
462.84 |
618.09 |
|
Shenghe Resources Holdings Co., Ltd. |
13.70 |
59.00 |
44.36 |
25.07 |
41.13 |
56.71 |
|
Iwatani |
9.43 |
11.07 |
8.88 |
8.70 |
9.45 |
11.23 |
|
SHANDONG DESHENG |
0.79 |
0.93 |
0.78 |
0.77 |
0.76 |
0.85 |
|
SUZHOU LANXI NEW MATERIALS |
0.66 |
0.75 |
0.61 |
0.58 |
0.56 |
0.65 |
|
Others |
165.60 |
188.86 |
159.97 |
159.28 |
158.48 |
188.05 |
|
Total |
478.69 |
644.64 |
592.71 |
585.01 |
673.21 |
875.58 |
China Northern Rare Earth (Group) High-Tech Co., Ltd, Shenghe Resources Holdings Co., Ltd. and Iwatani lead with market shares of 70.59%, 6.48% and 1.28% respectively in 2023. China Northern Rare Earth (Group) High-Tech Co., Ltd has a particularly outstanding market share, accounting for two-thirds of the market, demonstrating its leadership in the global light rare earth carbonate market.
Table Global Light Rare Earth (LRE) Carbonate Revenue Market Share by Manufacturer (2018-2023)
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
China Northern Rare Earth (Group) High-Tech Co.,Ltd. |
60.27% |
59.57% |
63.80% |
66.77% |
68.75% |
70.59% |
|
Shenghe Resources Holdings Co., Ltd. |
2.86% |
9.15% |
7.48% |
4.29% |
6.11% |
6.48% |
|
Iwatani |
1.97% |
1.72% |
1.50% |
1.49% |
1.40% |
1.28% |
|
SHANDONG DESHENG |
0.16% |
0.14% |
0.13% |
0.13% |
0.11% |
0.10% |
|
SUZHOU LANXI NEW MATERIALS |
0.14% |
0.12% |
0.10% |
0.10% |
0.08% |
0.07% |
|
Others |
34.59% |
29.30% |
26.99% |
27.23% |
23.54% |
21.48% |
|
Total |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
