Global Lanthanum Market Size, Share, Opportunities, And Trends By Application (Electrical And Electronics, Glass Coating, Others), And By Geography - Forecasts From 2025 To 2030

Lanthanum Market Size:

The global lanthanum market is estimated to be around US$1,217.655 million in 2025 and is anticipated to grow to US$1,989.158 million by 2030 at a CAGR of 10.32%.

Lanthanum Market Trends:

Lanthanum is a type of ductile metal, which is the second most reactive rare-earth metal. Lanthanum is mostly used across multiple products, like TVs, fluorescent tubes, and energy-saving lamps, among others. Lanthanum is also used as a catalyst in petroleum refineries and the polishing of glasses. Lanthanum is found abundantly in nature and is silver in appearance. Lanthanum is also used in the optics field as lenses. The metals also act as an important component of the mischmetal alloy, in which about 20% of lanthanum is used.

Lanthanum also offers an important application in the nickel metal-hydride (NiMH) batteries of hybrid automobiles. The growth of hybrid automobiles in the global market is estimated to boost the market demand for lanthanum in the global market.

Similarly, the growth of global consumer electronics sales in the market is also expected to boost the growth of the lanthanum market during the forecasted timeline. In consumer electronics, metal is used in multiple devices, like televisions and fluorescent tubes.

Lanthanum Market Growth Drivers:

• Expansion of hybrid automobiles.

One of the major driving factors for lanthanum metal in the global market is estimated to be the growth in the demand for hybrid automobiles. In hybrid automobiles, lanthanum is used in nickel-metal-hydride (NiMH) batteries. Lanthanum is mixed with the negative electrode (cathode) in the NiMH batteries. The global hybrid car market has witnessed multi-fold growth in recent years and is expected to attain a growth rate greater than that of pure electric vehicles, with the development of technologies. One of the major driving factors behind the growth of hybrid vehicles, or plug-in hybrid vehicles (PHEVs), is the longer driving range of the vehicles, as compared to all-electric vehicles.

The increasing sales of hybrid vehicles or PHEVs in the global market are further estimated to boost the growth of the lanthanum metal market across the globe. The International Energy Agency stated in its report that the PHEV market has witnessed constant growth in recent years. The agency stated that in 2022, the total PHEVs sold in the European market were estimated at about 3.4 million, which grew to 4.5 million in 2023. Similarly, in the USA, about 0.9 million PHEVs were sold in 2022, which also grew to about 1.3 million in 2023.

The hybrid vehicles market is also expected to witness major growth with the introduction of policies and subsidy schemes. For instance, the US offers a Federal Tax Credit of up to US$7,500 for the purchase of new Plug-in Electric Vehicles in the nation, and a tax credit of up to US$4,000 for the purchase of pre-owned PHEVs. Similarly, Hyundai Motors, a global automotive leader, stated that most European nation offers multiple incentives, which can range as high as EUR3,750 for the purchase of PHEVs in the region.

• Growing demand for the consumer electronics industry.

One of the major driving factors for the growth in the global lanthanum market is the expanding demand for consumer electronics across the globe. Lanthanum metal is used across multiple products, as a key component, like in the batteries of portable electronics and televisions. The consumer electronics market, which includes electronic devices like televisions, among others, has witnessed a global expansion, mainly with the development of technologies.

The India Brand Equity Foundation stated that in 2021, the nation's appliance and consumer industry was recorded at about US$9.84 billion, which increased to about US$17.93 billion in 2022. Similarly, the electronics hardware production also grew to US$87 billion in 2022. Electronic Products and Technology, an organization funded by the Canadian Government, stated that in 2022, revenue from consumer electronics was recorded at US$1,011.7 billion, which grew to about US$1,051.5 billion in 2023.

Lanthanum Market Geographical Outlook:

• Asia Pacific is anticipated to hold a significant share of the Global Lanthanum Market.

The Asian Pacific region is estimated to attain a greater market share in the lanthanum market during the forecasted timeline. Lanthanum is among the key components that have applications across multiple industries, like automotive, consumer electronics, and scientific research laboratories. The region is among the biggest producer and consumers of consumer electronics products, like TVs, which uses lanthanum as a major component, and similarly, the growth of the automotive industry in the region is also expected to boost the growth of lanthanum in the Asian Pacific region.

Similarly, the growth in the market demand for hybrid vehicles in the region is also expected to propel the growth of lanthanum metal in the region, as the metal offers a key component application in the manufacturing of the nickel metal-hydride (NiMH) batteries for this type of vehicle. The International Energy Agency, in its electric car registration and sales share, stated that in 2022, about 1.5 million PHEVs were sold in China, which grew to about 2.7 million in 2023. In total, only about 2.9 million PHEVs were sold in 2022, and 4.3 million in 2023, in the globe's combined nations. China holds a prominent share in the global PHEV market, as the nation is the biggest producer and consumer of PHEVs in the world. Similarly, multiple countries in the region, like India, Malaysia, Singapore, and Taiwan, have also introduced multiple incentives and policies to boost the sales of PHEVs in the region, further boosting the growth of the lanthanum market in the region.

Lanthanum Market Products Offered by Key Companies:

• Thermo Fisher Scientific is a global chemical manufacturer that offers multiple chemical products, like Acids, Bases, Catalysts, Biochemical Reagents, and Chromatography, among other chemical products. The company offers Lanthanum Powder, with a -200 mesh size, and 99.9% (REO).
• Teva Pharmaceuticals USA, Inc., is a global medicine producer that is based in the USA. The company offers generic and biopharmaceuticals, which aim to improve patients' lives. The company offers medicines for multiple therapeutic categories, like Adrenals, Ammonia Detoxicants, Antidepressants, and Cardiovascular drugs, among others. The company also offers Lanthanum Carbonate Chewable Tablets, with 500, 750, and 1,000 mg strengths.

Global Lanthanum Market Scope:

The Lanthanum market is segmented and analyzed as:

• 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

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. GLOBAL LANTHANUM MARKET BY APPLICATION

5.1. Introduction

5.2. Electrical and Electronics

5.3. Glass Coating

5.4. Others

6. GLOBAL LANTHANUM MARKET BY GEOGRAPHY

6.1. Introduction

6.1. North America

6.1.1. By Application

6.1.2. By Country

6.1.2.1. United States

6.1.2.2. Canada

6.1.2.3. Mexico

6.2. South America

6.2.1. By Application

6.2.2. By Country

6.2.2.1. Brazil

6.2.2.2. Argentina

6.2.2.3. Others

6.3. Europe

6.3.1. By Application

6.3.2. By Country

6.3.2.1. Germany

6.3.2.2. France

6.3.2.3. United Kingdom

6.3.2.4. Spain

6.3.2.5. Italy

6.3.2.6. Others

6.4. Middle East and Africa

6.4.1. By Application

6.4.2. By Country

6.4.2.1. Saudi Arabia

6.4.2.2. Israel

6.4.2.3. UAE

6.4.2.4. Others

6.5. Asia Pacific

6.5.1. By Application

6.5.2. By Country

6.5.2.1. China

6.5.2.2. Japan

6.5.2.3. South Korea

6.5.2.4. India

6.5.2.5. Indonesia

6.5.2.6. Taiwan

6.5.2.7. Thailand

6.5.2.8. Others

7. COMPETITIVE ENVIRONMENT AND ANALYSIS

7.1. Major Players and Strategy Analysis

7.2. Market Share Analysis

7.3. Mergers, Acquisitions, Agreements, and Collaborations

7.4. Competitive Dashboard

8. COMPANY PROFILES

8.1. Rainbow Rare Earths Limited

8.2. HEFA Rare Earth Canada Co., Ltd

8.3. Thermo Fisher Scientific India Pvt. Ltd.

8.4. Teva Pharmaceuticals USA, Inc.

8.5. Lupin Pharmaceuticals, Inc. 

8.6. Sisco Research Laboratories Pvt. Ltd. (SRL)

8.7. SimSon Pharma Limited

8.8. Merck KGaA

8.9. Noah Chemicals

8.10. American Elements

8.11. Blue Line Corp

8.12. Stanford Advanced Materials

8.13. Lynas Corporation

List of Tables

Table 1: Research Assumptions

Table 2: Global Lanthanum Market, Key Findings

Table 3: Global Lanthanum Market, By Application, USD Million, 2020 to 2030

Table 4: Global Lanthanum Market, By Geography, USD Million, 2020 to 2030

Table 5: North America Global Lanthanum Market, By Application, USD Million, 2020 to 2030

Table 6: North America Global Lanthanum Market, By Country, USD Million, 2020 to 2030

Table 7: South America Global Lanthanum Market, By Application, USD Million, 2020 to 2030

Table 8: South America Global Lanthanum Market, By Country, USD Million, 2020 to 2030

Table 9: Europe Global Lanthanum Market, By Application, USD Million, 2020 to 2030

Table 10: Europe Global Lanthanum Market, By Country, USD Million, 2020 to 2030

Table 11: Middle East and Africa Global Lanthanum Market, By Application, USD Million, 2020 to 2030

Table 12: Middle East and Africa Global Lanthanum Market, By Country, USD Million, 2020 to 2030

Table 13: Asia Pacific Global Lanthanum Market, By Application, USD Million, 2020 to 2030

Table 14: Asia Pacific Global Lanthanum Market, By Country, USD Million, 2020 to 2030

Table 15: Global Lanthanum Market, Strategy Analysis of Major Players

Table 16: Global Lanthanum Market, Mergers, Acquisitions, Agreements, and Collaborations

Table 17: Global Lanthanum Market, Policies and Regulations

Table 18: Rainbow Rare Earths Limited, Products and Services

Table 19: HEFA Rare Earth Canada Co., Ltd, Products and Services

Table 20: Thermo Fisher Scientific India Pvt. Ltd., Products and Services

Table 21: Teva Pharmaceuticals USA, Inc., Products and Services

Table 22: Lupin Pharmaceuticals, Inc., Products and Services

Table 23: Sisco Research Laboratories Pvt. Ltd. (SRL), Products and Services

Table 24: SimSon Pharma Limited, Products and Services

Table 25: Merck KGaA, Products and Services

Table 26: Noah Chemicals, Products and Services

Table 27: American Elements, Products and Services

Table 28: Blue Line Corp, Products and Services

Table 29: Stanford Advanced Materials, Products and Services

Table 30: Lynas Corporation, Products and Services

List of Figures

Figure 1: Global Lanthanum Market Size, USD Million, 2020 to 2030

Figure 2: Global Lanthanum Market Segmentation

Figure 3: Key Market Drivers Impact Analysis

Figure 4: Key Market Restraints Impact Analysis

Figure 5: Porter’s Five Forces Analysis: Bargaining Power of Suppliers

Figure 6: Porter’s Five Forces Analysis: Bargaining Power of Buyers

Figure 7: Porter’s Five Forces Analysis: Threat of New Entrants

Figure 8: Porter’s Five Forces Analysis: Threat of Substitutes

Figure 9: Porter’s Five Forces Analysis: Competitive Rivalry in the Industry

Figure 10: Global Lanthanum Market, Industry Value Chain Analysis

Figure 11: Global Lanthanum Market, Policies and Regulations

Figure 12: Global Lanthanum Market Share (%), By Application, 2025 and 2030

Figure 13: Global Lanthanum Market Attractiveness by Application, 2030

Figure 14: Global Lanthanum Market, By Application, Electrical and Electronics, USD Million, 2020 to 2030

Figure 15: Global Lanthanum Market, By Application, Glass Coating, USD Million, 2020 to 2030

Figure 16: Global Lanthanum Market, By Application, Others, USD Million, 2020 to 2030

Figure 17: Global Lanthanum Market Share (%), By Geography, 2025 and 2030

Figure 18: Global Lanthanum Market Attractiveness by Geography, 2030

Figure 19: North America Global Lanthanum Market, USD Million, 2020 to 2030

Figure 20: North America Global Lanthanum Market Share (%), By Country, 2025 and 2030

Figure 21: North America Global Lanthanum Market Attractiveness, By Country, 2030

Figure 22: United States Global Lanthanum Market, USD Million, 2020 to 2030

Figure 23: Canada Global Lanthanum Market, USD Million, 2020 to 2030

Figure 24: Mexico Global Lanthanum Market, USD Million, 2020 to 2030

Figure 25: South America Global Lanthanum Market, USD Million, 2020 to 2030

Figure 26: South America Global Lanthanum Market Share (%), By Country, 2025 and 2030

Figure 27: South America Global Lanthanum Market Attractiveness, By Country, 2030

Figure 28: Brazil Global Lanthanum Market, USD Million, 2020 to 2030

Figure 29: Argentina Global Lanthanum Market, USD Million, 2020 to 2030

Figure 30: South America (Others) Global Lanthanum Market, USD Million, 2020 to 2030

Figure 31: Europe Global Lanthanum Market, USD Million, 2020 to 2030

Figure 32: Europe Global Lanthanum Market Share (%), By Country, 2025 and 2030

Figure 33: Europe Global Lanthanum Market Attractiveness, By Country, 2030

Figure 34: Germany Global Lanthanum Market, USD Million, 2020 to 2030

Figure 35: France Global Lanthanum Market, USD Million, 2020 to 2030

Figure 36: United Kingdom Global Lanthanum Market, USD Million, 2020 to 2030

Figure 37: Spain Global Lanthanum Market, USD Million, 2020 to 2030

Figure 38: Italy Global Lanthanum Market, USD Million, 2020 to 2030

Figure 39: Europe (Others) Global Lanthanum Market, USD Million, 2020 to 2030

Figure 40: Middle East and Africa Global Lanthanum Market, USD Million, 2020 to 2030

Figure 41: Middle East and Africa Global Lanthanum Market Share (%), By Country, 2025 and 2030

Figure 42: Middle East and Africa Global Lanthanum Market Attractiveness, By Country, 2030

Figure 43: Saudi Arabia Global Lanthanum Market, USD Million, 2020 to 2030

Figure 44: Israel Global Lanthanum Market, USD Million, 2020 to 2030

Figure 45: UAE Global Lanthanum Market, USD Million, 2020 to 2030

Figure 46: Middle East and Africa (Others) Global Lanthanum Market, USD Million, 2020 to 2030

Figure 47: Asia Pacific Global Lanthanum Market, USD Million, 2020 to 2030

Figure 48: Asia Pacific Global Lanthanum Market Share (%), By Country, 2025 and 2030

Figure 49: Asia Pacific Global Lanthanum Market Attractiveness, By Country, 2030

Figure 50: China Global Lanthanum Market, USD Million, 2020 to 2030

Figure 51: Japan Global Lanthanum Market, USD Million, 2020 to 2030

Figure 52: South Korea Global Lanthanum Market, USD Million, 2020 to 2030

Figure 53: India Global Lanthanum Market, USD Million, 2020 to 2030

Figure 54: Indonesia Global Lanthanum Market, USD Million, 2020 to 2030

Figure 55: Taiwan Global Lanthanum Market, USD Million, 2020 to 2030

Figure 56: Thailand Global Lanthanum Market, USD Million, 2020 to 2030

Figure 57: Asia Pacific (Others) Global Lanthanum Market, USD Million, 2020 to 2030

Figure 58: Global Lanthanum Market Share, 2025

Figure 59: Competitive Dashboard

Figure 60: Rainbow Rare Earths Limited, Financials, 2022-2024

Figure 61: HEFA Rare Earth Canada Co., Ltd, Financials, 2022-2024

Figure 62: Thermo Fisher Scientific India Pvt. Ltd., Financials, 2022-2024

Figure 63: Teva Pharmaceuticals USA, Inc., Financials, 2022-2024

Figure 64: Lupin Pharmaceuticals, Inc., Financials, 2022-2024

Figure 65: Sisco Research Laboratories Pvt. Ltd. (SRL), Financials, 2022-2024

Figure 66: SimSon Pharma Limited, Financials, 2022-2024

Figure 67: Merck KGaA, Financials, 2022-2024

Figure 68: Noah Chemicals, Financials, 2022-2024

Figure 69: American Elements, Financials, 2022-2024

Figure 70: Blue Line Corp, Financials, 2022-2024

Figure 71: Stanford Advanced Materials, Financials, 2022-2024

Figure 72: Lynas Corporation, Financials, 2022-2024

Rainbow Rare Earths Limited

HEFA Rare Earth Canada Co., Ltd

Thermo Fisher Scientific India Pvt. Ltd.

Teva Pharmaceuticals USA, Inc.

Lupin Pharmaceuticals, Inc. 

Sisco Research Laboratories Pvt. Ltd. (SRL)

SimSon Pharma Limited

Merck KGaA

Noah Chemicals

American Elements

Blue Line Corp

Stanford Advanced Materials

Lynas Corporation