Global Lanthanum Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Electrical And Electronics, Glass Coating, Others), And By Geography - Forecasts From 2022 To 2027

The Global Lanthanum Market is anticipated to expand at a CAGR of 11.22% over the course of the forecast period, from US$699.048 million in 2020 to a total market value of US$1,471.712 million in 2027.

The metal lanthanum (La), which is soft, silvery-white, ductile, and malleable, tarnishes with time when exposed to air. Along with cerium and other rare earth elements, it is a rare earth metal that is naturally present in the sediment. The earth has a plentiful supply of lanthanum. There are several uses for lanthanum, such as glass additives, catalysts, ignition components for lighters and torches, electron cathodes, and scintillators. Small additions enhance the malleability and resistance of steel. The primary component of carbon arc electrodes is lanthanum. Because they stabilize zeolite at high temperatures, lanthanum salts are added to the zeolite catalysts used in petroleum refining. Batteries with nickel metal hydride require lanthanum in significant amounts.

Increasing Demand in various Industries to drive the Global Lanthanum market

The demand for lanthanum is anticipated to increase as a result of a number of causes, including the development of the electronics, electric vehicle, and automotive industries. One of the main factors propelling the global lanthanum market is the increase in demand for lanthanum in the production of hybrid vehicles. The nickel-metal hydride batteries used in hybrid automobiles are made mostly with lanthanum. It is anticipated that increased demand for rare earth metal catalysts would also fuel the expansion of the world lanthanum market. The creation of FCC catalysts, which are used to create high-octane gasoline that "burns" slowly and increases fuel efficiency, also makes extensive use of lanthanum. Moreover, to treat high levels of phosphate in the blood, lanthanum carbonate is utilized as a phosphate binder in pharmaceuticals. Radioactive lanthanum has been investigated for use in the treatment of cancer, and the ion La3+ is utilized as a biological tracer for Ca2+. In addition, lanthanum is employed to create a single hybrid electric vehicle.

Key Developments:

• August 2022: A new supply chain for rare earth between the United States and Europe has been established by Energy Fuels Inc. and Neo Performance Materials Inc. The first container (about 20 tonnes of product) of an anticipated 15 containers of mixed rare earth carbonate has been successfully manufactured by Energy Fuels at its White Mesa Mill in Utah and is on its way to Neo's rare earth separations facility in Estonia. As Energy Fuels continues to process the naturally occurring monazite sand ore (Containing lanthanum) mined in Chemours mined in Georgia (U.S.) for both the rare earth elements and naturally occurring uranium that it contains, more shipments of RE Carbonate are anticipated. In the beginning, this new supply chain will use monazite, which is converted into RE carbonate at Energy Fuels' mill in Utah, to make rare earth products. At its Silmet rare earth processing facility in Sillamäe, Estonia, Neo converts the RE Carbonate into segregated rare earth oxides and other value-added rare earth compounds.
• March 2021: A significant step in the development of the project has been reached with the announcement by Rainbow Rare Earths of the findings of the Preliminary Economic Assessment (PEA) for the Company's Phalaborwa Rare Earths Project in South Africa. The PEA shows that Phalaborwa has a good chance of becoming a substantial supplier of high quality rare earth oxides to the rapidly growing permanent magnet industry in order to support global decarbonization and the rising demand for electric vehicles and offshore wind turbines. METC Engineering, a Johannesburg-based minerals processing engineering firm, carried out the PEA with significant assistance from independent experts as required. A total of 26,208 tons of separated magnet rare earth oxides were produced, and over a 14.2-year period, they brought in US$3.6 billion in revenue at a weighted average sales price of US$137.92/kg.

Product Offerings:

• Lanthanum Metal: Lanthanum metal is provided by Metall Rare Earth Element. In addition to being used to create other pure Rare Earth metals and speciality alloys, lanthanum metal is a crucial raw ingredient in the production of NiMH battery Hydrogen Storage Alloys. Small amounts of Lanthanum are incorporated in many pool products to eliminate the Phosphates that feed algae. Lanthanum is added to steel in small amounts to improve its malleability, impact resistance, and ductility. The metal lanthanum can be further processed into a variety of ingot, piece, wire, foil, slab, rod, disc, and powder shapes.
• Lanthanum Element: The lanthanum element is provided by HEFA Rare Earth. The first element in the rare earth or lanthanide series is lanthanum, atomic number 57, symbol La, weight 138.91. For all other trivalent rare earths, it serves as the model. For cracking reactions with FCC catalysts, lanthanum-rich lanthanide compounds have been widely employed, particularly to produce high-octane gasoline from heavy crude oil. Rare earth metals rich in lanthanum serve crucial roles in hydrogen storage batteries. Lanthanum element in form of metal is a chunk of silver. It serves as a reducer for producing other rare earth metals as well as an additive for special steel non-ferric alloys and hydrogen storage alloys.

Global Lanthanum Market Scope:

Segmentation

The market has been analyzed through the following segments:

• By Application
  • Electrical and Electronics
  • Glass Coating
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Taiwan
    • Thailand
    • Others