Monazite is a rare phosphate mineral with a chemical composition of (Ce, La, Nd, Th) (PO4, SiO4). It usually occurs in small isolated grains, as an accessory mineral in igneous and metamorphic rocks such as granite, pegmatite, schist, and gneiss. These grains are resistant to weathering and become concentrated in soils and sediments downslope from the host rock. When in high enough concentrations, they are mined for their rare earth and thorium content.
This report contains market size and forecasts of Monazite in global, including the following market information:
Global Monazite Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Monazite Market Sales, 2017-2022, 2023-2028, (Ton)
Global top five Monazite companies in 2021 (%)
The global Monazite market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Acid Cracking Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Monazite include Hongyuan Rare Earth, Xiangjiang River Rare Earth and Shenghe Resources, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Monazite manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Monazite Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Ton)
Global Monazite Market Segment Percentages, by Type, 2021 (%)
Acid Cracking
Alkaline Cracking
Global Monazite Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Ton)
Global Monazite Market Segment Percentages, by Application, 2021 (%)
Chemical
Metallurgy
Electronic
Medical
Others
Global Monazite Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Ton)
Global Monazite Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Monazite revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Monazite revenues share in global market, 2021 (%)
Key companies Monazite sales in global market, 2017-2022 (Estimated), (Ton)
Key companies Monazite sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Hongyuan Rare Earth
Xiangjiang River Rare Earth
Shenghe Resources