印度稀土市场评估：按元素、应用、最终用途产业、地区、机会及预测（2019财年-2033财年）

印度稀土市场预计将从2025财年的7,436万美元成长至2033财年的2.2308亿美元，预测期间（2026财年-2033财年）的复合年增长率为14.72%。近年来，由于电动车（EV）的快速普及，印度稀土市场经历了显着增长，并且由于即将出台的政府战略干预措施，预计未来几年将保持强劲的成长势头。印度正致力于透过采用新技术来提高电动车产量，从而增加对高性能稀土的需求。用于生产高效能电动车零件的稀土（尤其是钕）的需求正在快速成长。此外，风能和太阳能基础设施的扩张以及先进电子和国防零件产量的增加等多种因素，正在推动稀土需求的强劲增长，从而进一步推动预测期内稀土市场的成长。

例如，截至2024年，印度将跻身全球五大智慧型手机製造商之列。此外，印度目前正致力于成为一个自给自足、具有全球竞争力的电子产品製造中心。该国生产从智慧型手机、智慧家庭到先进医疗设备和卫星等各种产品，这清楚地表明未来几年对稀土的需求将会增加。

此外，政府已推出多项政策和举措，支持国内稀土产品的开采、精炼和加工，为预测期内的市场创造了机会。此外，多项监管改革、激励措施以及对研发和技术的投资将在未来几年进一步促进市场扩张。最后，印度拥有世界第三大稀土储量，目前的开采量仅占其潜力的一小部分，凸显了未来几十年巨大的扩张空间和成长机会。

本报告对印度稀土市场进行了分析，提供了市场规模和预测、市场动态以及主要公司的状况。

目录

第1章 计划的范围和定义

第2章 调查手法

第3章 美国关税的影响

第4章 摘要整理

第5章 客户的迴响

• 受访者的人口统计
• 决定是否购买时考虑的要素
• 未满足需求

第6章 印度的稀土市场预测(2019年度～2033年度)

• 市场规模的分析与预测
  • 金额
  • 数量
• 市场占有率的分析与预测
  • 按元素
    • 镧
    • 铈
    • 镝
    • 铒
    • 铕
    • 钆
    • 钬
    • 镏
    • 钕
    • 镨
    • 铽
    • 钇
    • 其他
  • 各用途
    • 磁铁
    • 玻璃
    • 陶瓷
    • 催化剂
    • 冶金
    • 抛光
    • 其他
  • 各最终用途产业
    • 汽车
    • 消费者电子产品
    • 再生能源
    • 防卫
    • 其他
  • 各地区
    • 北部
    • 南部
    • 东部
    • 西部·中部
  • 市场占有率分析:各企业(前五名公司和其他)(金额)(2025年度)
• 市场地图分析(2025年度)
  • 按元素
  • 各用途
  • 各最终用途产业
  • 各地区

第7章 供需的分析

第8章 进口和出口的分析

第9章 价值链分析

第10章 波特的五力分析

第11章 大环境分析

第12章 市场动态

• 推动市场要素
• 市场课题

第13章 市场趋势与发展

第14章 政策和法规形势

第15章 竞争情形

• 前五名市场领导公司的竞争矩阵
• 前五名公司的SWOT分析
• 前六名公司的市场企业的形势
  • IREL (India) Limited
  • Gujarat Mineral Development Corporation Limited
  • Hindustan Zinc Limited
  • TREI Private Limited
  • Trafalgar Rare Earth Alloys Private Limited.
  • Star Earth Minerals Private Limited

第16章 策略性建议

第17章 关于调查公司·免责声明

India rare earth metals market is projected to witness a CAGR of 14.72% during the forecast period FY2026- FY2033, growing from USD 74.36 million in FY2025 to USD 223.08 million in FY2033. The India rare earth metals market has experienced significant growth in recent years due rapid adoption of EVs, and upcoming strategic government interventions is expected to maintain a strong pace of expansion in the coming years. The country is focusing on increasing the production of EVs as adopting the modern technology at a significant rate, thereby amplifying the need for high-performance rare earth metals. For the production of efficient EV components, the demand for rare earth metals, especially neodymium, is increasing at a high rate. Moreover, several factors are contributing for the robust expansion of rare earth metals such as the expansion of wind and solar energy infrastructure, and increased production of advanced electronics and defense components, further proliferating the rare earth metals market growth in the forecast period.

For instance, as of 2024, India ranked among the top five smartphone manufacturing countries globally. Moreover, India is now on a mission to become a self-reliant and globally competitive electronics manufacturing hub. Country is manufacturing smartphones and smart homes to advanced medical devices and satellites which highlight that the demand for rare earth metals will increase in the coming years.

In addition, the government is coming up with several policies and initiatives which supports domestic mining, refining, and processing of rare earth metal products which is creating the opportunity for the market in the forecast period. Moreover, several regulatory reforms, incentives and investments in research and technology which further catalyze market expansion in the coming years. Lastly, the country holds the world's third-largest, rare earth reserves, and current mining output is only a fraction of its potential which highlights the immense scope of expansion and opportunity to grow in the coming decades.

Growth in Electric Vehicles (EVs) Amplifying Market Size

The country is highly involved in the adoption of electric vehicles (EVs) and hybrid vehicles which drive the demand for rare earth metals in the market. The rising demand for EVs boosts the demand for various elements such as neodymium, praseodymium, and dysprosium as elements are utilized in the production of high-performance permanent magnets. The magnets are deployed in the EV motors to make the equipment lightweight and efficient in performance. In addition, magnets are essential for permanent magnet synchronous motors (PMSMs). Currently, the materials are preferred for the technology used in most modern EVs as a material helps efficiency with high torque while maintaining compact size, thus driving the demand for rare earth metals in the market.

Furthermore, automotive manufacturers are anticipated to invest in the full transition to electric powertrains using magnet systems thus increasing the rare earth metals market size in the next few years. The automotive industry is moving toward clean mobility which is further fueling growth in the rare earth metals market in the country.

For instance, in June 2025, India's EV market crossed a milestone with 1.96 million EVs registered in fiscal year 2024-2025, a 17% jump over the previous year. The growth is broad-based across all vehicle segments. This development highlights that the adoption of EVs is increasing in the country which will drive the demand for rare earth metals in the coming years.

Rising Government Initiatives Towards Environmental Policies Creating Market opportunities

Rising government initiatives focused on environmental policies are creating significant market opportunities for rare earth metals in India. The Indian government is introducing new initiatives to increase rare earth metal production, to minimize ecological harm. The authorities are promoting sustainable mining practices through clear regulations, time-bound environmental clearances, and recycling of waste during the mining. The government policies focus on reducing imports of rare earth metals from other countries while ensuring that mineral extraction aligns with the country's environmental and net-zero goals.

For instance, in April 2025, India decided to launch the National Critical Mineral Mission (NCMM) which highlights the framework for self-reliance in critical minerals, including rare earth elements. The main agenda of the mission is to increase exploration, mining, and processing activities. Even, the Geological Survey of India has been tasked to undertake 1,200 exploration projects by 2031 which boost the production of rare earth metals in the coming years.

The government is pushing the public-private partnerships and international collaborations which will foster the entire value chain. Similarly, the upcoming policies are boosting the extraction of rare earth metals thereby opening new investment and business opportunities. Moreover, the government is focusing on the upliftment of the wind power sector by investing in large in wind farms. With the rising investment in wind farms, the demand for wind turbine generators will increase thereby boosting the demand for rare earth metals in the market.

Dominance of Neodymium Segment in the India Market

The neodymium segment holds the highest market share as material is becoming a critical component in the production of high-performance permanent magnets which are highly used in the production of electric vehicle (EV) motors, wind turbines, and other variety of electronic devices. With the rising shift towards the renewable energy sector and the adoption of advanced electronic devices the need for magnets has surged, thereby driving the demand for neodymium in the market. Moreover, the government's push to localize rare earth processing and incentivize domestic magnet manufacturing is making the neodymium segment to dominate in the market. As India continues to pursue ambitious green energy targets and technological advancement, the demand for neodymium is expected to remain on a strong upward trajectory.

West and Central Region Dominate the Global Market

Combination of several factors such as industrial expansion and strategic government initiatives, makes West and Central regions to dominate in the Indian rare earth metals market. The region has major hubs for the automotive, electronics, and renewable energy component manufacturing which involve the use of advanced materials, thereby driving the demand for rare earth metals in the region. Component manufacturers are using the rare earth metals to produce high-performance and compact magnets which are used in various industries. Several companies are collaborating and opening new production plants to produce advanced EV motors which could boost the efficiency of EV.

For instance, in May 2025, EVA motors inaugurated the Napino Manufacturing line in Halol, Gujarat, India. Even now the plant is officially up and running. The manufacturing line boasts high-quality manufacturing of EV motors and testing capabilities, ensuring that the motors meet all standards of customers. This development highlight that companies are opening new plants for EV sector which drive the demand for rare earth metals in the market.

Additionally, the government's initiative-taking policies such as production-linked incentives for domestic rare earth magnet manufacturing, are encouraging investment and industrial activity in these regions. The west and central parts of India are also looking to increase exploration activities to identify and develop new rare earth reserves in the country. In addition, the government is focused on lowering imports from other countries and prioritizing local sourcing and processing of rare earths which ensures long-term growth of the market in the coming years.

Impact of United States Tariff on India Rare Earth Metal Market

Persistent market volatility and trade policy uncertainty resulting from United States tariffs can deter long-term investments and strategic partnerships in India's rare earth sector, making it harder for companies to plan expansions or secure stable export contracts.

If the United States extends tariffs to a broader range of Indian exports or imposes retaliatory measures, which could reduce India's competitiveness in its largest export market, potentially leading to lower revenues in the coming years.

High United States tariffs on Chinese and other competitors' rare earth metals can divert global buyers to Indian suppliers, offering India an opportunity to expand its export market share and strengthen its position in the global supply chain.

Key Players Landscape and Outlook

To increase revenue and market share, rare earth metal companies are investing in advanced refining technologies, expanding sustainable mining practices, forming strategic partnerships, and pursuing mergers and acquisitions. Companies are also developing vertically integrated supply chains, securing long-term offtake agreements, and diversifying geographically to reduce dependence on single markets and ensure robust supply. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.

For instance, in May 2025, IREL (India) Limited and NLC India Limited signed a memorandum of understanding (MOU) with the aim of jointly pursue opportunities in the exploration, mining, and processing of critical minerals and rare earth elements across domestic and global markets. The collaboration supports the government's push for strategic mineral security and self-reliance across high-growth sectors like defence, electronics, renewable energy, and electric vehicles. This development highlights that companies are entering into collaboration to increase the revenue in the coming years.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Impact of U.S. Tariffs

4. Executive Summary

5. Voice of Customer

• 5.1. Respondent Demographics
• 5.2. Factors Considered in Purchase Decisions
• 5.3. Unmet Needs

6. India Rare Earth Metals Market Outlook, FY2019-FY2033F

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Element
    • 6.2.1.1. Lanthanum
    • 6.2.1.2. Cerium
    • 6.2.1.3. Dysprosium
    • 6.2.1.4. Erbium
    • 6.2.1.5. Europium
    • 6.2.1.6. Gadolinium
    • 6.2.1.7. Holmium
    • 6.2.1.8. Lutetium
    • 6.2.1.9. Neodymium
    • 6.2.1.10. Praseodymium
    • 6.2.1.11. Terbium
    • 6.2.1.12. Yttrium
    • 6.2.1.13. Others
  • 6.2.2. By Application
    • 6.2.2.1. Magnets
    • 6.2.2.2. Glass
    • 6.2.2.3. Ceramics
    • 6.2.2.4. Catalysts
    • 6.2.2.5. Metallurgy
    • 6.2.2.6. Polishing
    • 6.2.2.7. Others
  • 6.2.3. By End-user Industry
    • 6.2.3.1. Automotive
    • 6.2.3.2. Consumer Electronics
    • 6.2.3.3. Renewable Energy
    • 6.2.3.4. Defence
    • 6.2.3.5. Others
  • 6.2.4. By Region
    • 6.2.4.1. North
    • 6.2.4.2. South
    • 6.2.4.3. East
    • 6.2.4.4. West and Central
  • 6.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2025)
• 6.3. Market Map Analysis, FY2025
  • 6.3.1. By Element
  • 6.3.2. By Application
  • 6.3.3. By End-user Industry
  • 6.3.4. By Region

All segments will be provided for all regions covered

7. Demand Supply Analysis

8. Import and Export Analysis

9. Value Chain Analysis

10. Porter's Five Forces Analysis

11. PESTLE Analysis

12. Market Dynamics

• 12.1. Market Drivers
• 12.2. Market Challenges

13. Market Trends and Developments

14. Policies and Regulatory Landscape

15. Competitive Landscape

• 15.1. Competition Matrix of Top 5 Market Leaders
• 15.2. SWOT Analysis for Top 5 Players
• 15.3. Key Players Landscape for Top 6 Market Players
  • 15.3.1. IREL (India) Limited
    • 15.3.1.1. Company Details
    • 15.3.1.2. Key Management Personnel
    • 15.3.1.3. Products and Services
    • 15.3.1.4. Financials (As Reported)
    • 15.3.1.5. Key Market Focus and Geographical Presence
    • 15.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 15.3.2. Gujarat Mineral Development Corporation Limited
  • 15.3.3. Hindustan Zinc Limited
  • 15.3.4. TREI Private Limited
  • 15.3.5. Trafalgar Rare Earth Alloys Private Limited.
  • 15.3.6. Star Earth Minerals Private Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

16. Strategic Recommendations

17. About Us and Disclaimer

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Rare Earth Metals Market, By Value, In USD Million, FY2019-FY2033F
• Figure 2. India Rare Earth Metals Market, By Volume, In Thousand Tons, FY2019-FY2033F
• Figure 3. India Rare Earth Metals Market Share (%), By Element, FY2019-FY2033F
• Figure 4. India Rare Earth Metals Market Share (%), By Application, FY2019-FY2033F
• Figure 5. India Rare Earth Metals Market Share (%), By End-user Industry, FY2019-FY2033F
• Figure 6. India Rare Earth Metals Market Share (%), By Region, FY2019-FY2033F
• Figure 7. By Element Map-Market Size (USD Million) & Growth Rate (%), FY2025
• Figure 8. By Application Map-Market Size (USD Million) & Growth Rate (%), FY2025
• Figure 9. By End-user Industry Map-Market Size (USD Million) & Growth Rate (%), FY2025
• Figure 10. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2025