Lanthanum Market set to hit $1760.0 million by 2035, as per recent research by DataString Consulting


Posted May 28, 2025 by Datastring

other key wide areas like catalysis in petroleum refining and hydrogen storage materials are expected to push the market to $1760.0 million by 2035 from $747.2 million of 2024.

 
In the oil refining sector lanthanum is primarily used in catalysis. Lanthanum oxide based catalysts are popular for their stability and efficiency, in breaking down oil fractions. Their key benefit is speeding up chemical reactions during refining, which boosts operational efficiency. ExxonMobil and Royal Dutch Shell are recognized for utilizing this application to uphold their top positions in the market. Their innovative use of catalysts, in refineries has been praised by key industry figures. Lanthanum nickel is mainly utilized for storing hydrogen gas due to its exceptional capability to absorb and release hydrogen without causing any structural damage—an essential contribution to advancing clean and sustainable energy sources worldwide. This innovative alloy provides an effective method for storing hydrogen gas for applications such as fuel cells. One of the players in this field is Johnson Matthey—a prominent global technology company specializing in sustainable technologies—that has solidified its market position through significant advancements in utilizing Lanthanum, for hydrogen storage solutions.

𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 - 𝐡𝐭𝐭𝐩𝐬://𝐝𝐚𝐭𝐚𝐬𝐭𝐫𝐢𝐧𝐠𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠.𝐜𝐨𝐦/𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲-𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬/𝐥𝐚𝐧𝐭𝐡𝐚𝐧𝐮𝐦-𝐦𝐚𝐫𝐤𝐞𝐭-𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡-𝐫𝐞𝐩𝐨𝐫𝐭

Lanthanum plays a role in the shift towards clean energy as it is extensively utilized in fuel cells and hydrogen storage. Both essential components of a sustainable future without carbon emissions. With the global focus shifting away from fuels to cleaner alternatives the use of lanthanum based materials is gaining momentum, in the field of clean energy storage and generation. For example alloys containing lanthanum have the ability to store hydrogen, which can then be used as a source of fuel leaving only water as a harmless byproduct. Lanthanums impressive qualities show potential for aiding the shift towards a more sustainable future and have led to an increase in global demand, for it that is now impacting market trends significantly.

Industry Leadership and Strategies

The Lanthanum market within top 3 demand hubs including China, U.S. and Japan, is characterized by intense competition, with a number of leading players such as China Northern Rare Earth Group High-Tech Co. Ltd., Alkane Resources Ltd., Avalon Advanced Materials Inc., Canada Rare Earth Corporation, Iluka Resources Limited, Lynas Corporation Ltd., Neo Performance Materials Inc., Arafura Resources Ltd., Indian Rare Earths Limited, Greenland Minerals Ltd., Ore Processing International and Minmetals Rare Earth Co. Ltd. Below table summarize the strategies employed by these players within the eco-system.

This market is expected to expand substantially between 2025 and 2030, supported by market drivers such as increased adoption in battery manufacture, proliferation of green energy solutions, and evolving catalyst industry.

Regional Analysis

North America plays a role when it comes to Lanthanum production because of its strong industrial sector influence in the region – especially seen in the high demand for Lanthanum in catalysts and metallurgy due to the large number of automobile and steel manufacturing facilities present there. Additionally. the growing focus on clean energy initiatives in the US and Canada is driving the utilization of Lanthanum in battery production, for electric cars and other energy storage applications. There is strong competition from other rare earth elements in the market and ensuring a stable supply of these elements in an unpredictable global environment continues to be a significant challenge in the region. Efficiently managing the supply chain and establishing sources of raw materials are key pillars to asserting dominance in the Lanthanum sector, in North America.

Research Study analyse the global Lanthanum market in detail and covers industry insights & opportunities at Product Form (Powder, Lump, Nanoscale), Application (Chemical, Electronics, Ceramics, Glass, Hydrogen Storage, Others) and Production Process (Extraction, Refinement, Shaping) for more than 20 countries.

About DataString Consulting

DataString Consulting assist companies in strategy formulations & roadmap creation including TAM expansion, revenue diversification strategies and venturing into new markets; by offering in depth insights into developing trends and competitor landscapes as well as customer demographics. Our customized & direct strategies, filters industry noises into new opportunities; and reduces the effective connect time between products and its market niche.

DataString Consulting offers complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. DataString’s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. Our Industry experts and data aggregators continuously track & monitor high growth segments within more than 15 industries and 60 sub-industries.
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Last Updated May 28, 2025