Glass applications are forecast to consume around 32 percent of the volume of rare earths by 2028, while other applications, such as magnets and catalysts are expected to account for around 21 percent and 17 percent of the consumption volume of rare earths respectively.
Forecast consumption volume distribution of rare earths worldwide in 2028, by application
Characteristic
Share of consumption
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Argus Media. (January 24, 2019). Forecast consumption volume distribution of rare earths worldwide in 2028, by application [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1062169/rare-earth-consumption-volume-worldwide-by-application/
Argus Media. "Forecast consumption volume distribution of rare earths worldwide in 2028, by application." Chart. January 24, 2019. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1062169/rare-earth-consumption-volume-worldwide-by-application/
Argus Media. (2019). Forecast consumption volume distribution of rare earths worldwide in 2028, by application. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1062169/rare-earth-consumption-volume-worldwide-by-application/
Argus Media. "Forecast Consumption Volume Distribution of Rare Earths Worldwide in 2028, by Application." Statista, Statista Inc., 24 Jan 2019, https://www.statista.com/statistics/1062169/rare-earth-consumption-volume-worldwide-by-application/
Argus Media, Forecast consumption volume distribution of rare earths worldwide in 2028, by application Statista, https://www.statista.com/statistics/1062169/rare-earth-consumption-volume-worldwide-by-application/ (last visited August 24, 2024)
Forecast consumption volume distribution of rare earths worldwide in 2028, by application [Graph], Argus Media, January 24, 2019. [Online]. Available: https://www.statista.com/statistics/1062169/rare-earth-consumption-volume-worldwide-by-application/