Toubao Research Institute: Market Size Forecast And Competitive Plan Analysis Of Rare Earth Precision Treatment In 2025
Rare Earth Precision Processing Entry
Institute: Market size forecast and competitive plan analysis of Rare Earth Precision Treatment in 2025
Forecast of the market size of rare earth precision processing industry
The market size of China's rare earth precision processing industry increased from RMB 263 billion in 2017 to RMB 645.3 billion in 2022, with an annual compound interest growth rate of 19.66%. According to market data over the past five years and stressing the increase in added value of rare earths in all aspects, the rare earth precision processing industry will continue to maintain its growth trend in the next five years. It is estimated that the compound annual growth rate from 2023 to 2027 is 11.71% cnc milling, and by 2027, the market size is expected to reach RMB 727.2 billion.
The market size of China's Rare Earth Precision Treatment is mainly affected by two factors:
1. Technological innovation has promoted the development of high-end products. The rare earth precision processing industry is a technology-intensive industry, and technological innovation and industrial upgrading are important driving forces for its development. In 2023, Northern Rare Earth increased its investment in scientific research, with the total investment in R&D expenses in the first half of this year reaching 660 million yuan, while the R&D investment intensity reached 4.15%. The Rare Earth Institute has added 34 new scientific research projects, including 5 national projects, 6 autonomous regional projects and 4 levels of projects; a total of 67 authorized patents were obtained, of which 3 were granted international patent authorization. "Rare Earth Carbonate Continuous Production Energy Saving and Carbon Reduction Technology" was rated as "20 Low-Carbon Technologies in the Raw Materials Industry" at the 2023 Industrial Green Development Conference, becoming the only shortlisted project in China's rare earth industry and the Mongolian Inner Mongolia Autonomous Region. Large companies are competing to increase investment in scientific research, promote scientific research innovation, and institutional and mechanism reform, and promote scientific research to support high-quality development and achieve significant results. The rare earth precision processing industry will continue to strengthen technological innovation and industrial upgrading, improve product quality and technical level, and promote the development of the industry to develop towards high-end, intelligent and green directions. With the continuous development of technology, the demand for high-performance and high-quality rare earth products will continue to grow. Industry companies need to focus on technological innovation and the development of high-end products, enhance their competitiveness, and gain the largest market share through smaller investments.
2. Demand driver, the continuous development of global manufacturing, especially the growing demand for rare earth elements in high-tech industries such as electric vehicles, wind power generation, satellite communications, etc., which directly drives the market size of the rare earth precision treatment industry. (1) In the new energy vehicle field, the demand for driving motors represented by permanent magnet motors will continue to increase. The drive motors of new energy vehicles mainly include permanent magnet synchronous motors and AC asynchronous motors. With its wide performance advantages of weak magnetic speed adjustment range, high power density ratio, etc., permanent magnet drivers can effectively reduce the weight of the vehicle while improving energy conversion efficiency, and gradually occupy the mainstream position in the new energy vehicle driver motor market. As the core material of rare earth permanent magnet drivers, high-performance sintered NDFEB plays an important role in the performance of the motor. According to data from the China Automobile Manufacturers Association, from 2016 to the end of 2022, the proportion of China's new energy vehicles in total automobile production increased from 1-3% to more than 30%. In 2022, China's production and sales of new energy vehicles were 758,000 and 6.887 billion respectively, a year-on-year increase of 96.9% and 93.4%. With the gradual penetration of new energy vehicles, the improvement of environmental awareness and the adjustment of energy structure, the demand for rare earth permanent magnet materials will continue to increase, which has promoted the rapid development of the new iron boron iron boron permanent magnet materials industry in China's high-performance sintered sintered sintered; it has also brought new market opportunities to the rare earth catalytic material industry, thus allowing China's rare earth precision processing industry to continue to develop. (2) In the new energy power generation field, the further popularization of large-scale wind turbines and wind energy will open up growth space for the demand for rare earth permanent magnet materials. In 2023, the National Energy Administration () set a target wind power capacity of about 430 million kilowatts and solar installed capacity of about 490 million kilowatts. The cumulative device capacity of the two reaches 920 million kilowatts, and the new installation capacity will reach 160 million kilowatts. With the increase in consumer expectations, the high operation of the new bid scale has made China's new wind grid connection capabilities clear prospects for future sustainable growth. Under the task of "adjusting and optimizing the energy structure", as the focus of new energy development in the "14th Five-Year Plan", the speed of wind energy construction will increase rapidly.
Research institutions predict that the market size changes in the future rare earth precision treatment industry are as follows:
With the promotion and application of renewable energy, the demand in the wind energy market is also growing. The use of rare earth permanent magnet materials in wind power generation equipment is also increasing year by year, which will bring new market opportunities to the rare earth precision processing industry. Wind energy is considered a clean and renewable energy source with obvious environmental benefits. In short, the market size of China's rare earth precision processing industry will continue to grow in the future, which is mainly driven by the new energy vehicle market and wind energy demand. As rare earth functional materials have broad application prospects in new energy vehicles, environmental protection, wind energy generation and other fields, they have great potential for future development.
According to the analysis, an overview of the competitive landscape of Rare Earth's precise processing is as follows:
The competitive landscape of China's rare earth precision processing industry is relatively concentrated, and its market share is mainly occupied by companies such as northern rare earths, southern rare earths and Mijin rare earths. These companies have rich rare earth resources, advanced production technology and large-scale production capacity, and can provide high-quality and reliable rare earth products. They have a high market position and strong competitive advantage, which makes the industry show a leading centralized market competition trend. The market of China's rare earth precision processing industry has generally shown a stable growth trend and has certain innovative capabilities.
Two main reasons for forming a competitive landscape for precise processing of rare earths:
1. The state strictly controls rare earth mining and smelting indicators. In 2022, the total control indicators for rare earth mining, smelting and separation issued by the Ministry of Industry and Information Technology and the Ministry of Natural Resources will be allocated to four major groups, including the Northern Rare Earth Group, China Rare Earth Group, and Rare Earce Group. The country's strict controls enable the precise treatment of rare earths to form a relatively concentrated competition model. Under the leadership of the Rare Earth Group, the rare earth supply has continued to be optimized, scientifically adjusting the scale of rare earth resource mining, and accelerating resource integration to ensure the safety and stability of the industrial supply chain and improve the pricing mechanism of rare earth products, which helps to transform resource advantages into economic advantages.
2. National policies authorize the precise treatment of rare earths. The Ministry of Industry and Information Technology and the Ministry of National Regulations jointly issued the "Energy Efficiency Improvement Plan (2021-2023)" in 2021, encouraging the use of energy-saving motors represented by rare earth permanent magnet motors, expanding the green supply of efficient and energy efficiency. Kilowatts, accounting for more than 20% of the shares, can save 49 billion kWh, equivalent to reducing carbon dioxide emissions by 28 million tons; In January 2021, the Ministry of Industry and Information Technology issued the "Regulations on the Management of Rare Enterprises (Draft Comment)" to standardize the management of rare earth industry, ensure the rational development and utilization of rare earth resources, and promote the sustainable and healthy development of the rare earth industry, and protect the ecological environment and resource security. The adjustment of the government's rare earth resource formulation and processing policies shows that the Chinese government's attention and attention to the rare earth industry. While developing healthily, we will continue to implement national policies to stimulate the development of high-end manufacturing. In addition, the Chinese government's determination to promote the transformation of manufacturing will continue to inject new development momentum into the development of strategic emerging industries such as new energy and new materials, promote the development of the rare earth precision processing industry, and make market competition more intense.
The future competition in China's rare earth precision processing industry will be affected by the following two points:
1. Industry-leading companies can better grasp market dynamics and meet customer needs through scale and capital advantages and strong R&D capabilities, thereby gaining an advantage in market competition. For example, Northern Rare Earth has huge funds, with R&D expenses of RMB 161 million in 2022 and 2021, a year-on-year increase of 58.43%. By continuously expanding R&D expenses on rare earths and expanding their application areas, they have formed strong competitiveness and are one of the representative companies in the industry. 2. There are many companies in the industry who are facing pressure to develop, which makes the competition even more intense. The rare Earth permanent magnet materials only received a total of 1,964 companies in 2022, of which 417 rare earth permanent magnet companies are located in Jiangsu Province, ranking first in the country, and then ranked 216 in the autonomous region of Inner Mongolia and 216 in the autonomous region of Inner Mongolia. There are more than 100 rare earth companies in, and nam and anm nam and anm nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and nam and and anm and and anm and anm and anm and anm and anm and anm and anm. respectively. There are many companies in this industry that face huge survival pressure in the fierce market competition. In order to improve its competitiveness, enterprises need to continuously improve product quality and reduce costs, improve production efficiency and R&D innovation capabilities. At the same time, they also need to actively expand their market channels and expand their sales network to increase brand awareness and market share. In the future, with the improvement of environmental protection requirements and the continuous development of rare earth excavation technology, the rare earth precision processing industry will also accelerate its reorganization, and enterprises that do not meet the environmental protection and technical level will be eliminated.
