Southeast Asia Critical Mineral Raw Materials Market Outlook and Forecast 2024-2030

The Southeast Asia Critical Mineral Raw Materials market size was valued at US$ 5.62 billion in 2024 and is projected to reach US$ 8.35 billion by 2030, at a CAGR of 8.34% during the forecast period 2024-2030.

Critical Mineral Raw Materials are essential elements and compounds crucial for various high-tech, green energy, and strategic industries, including rare earth elements, lithium, cobalt, and others, which are often subject to supply risks and geopolitical considerations.

The Southeast Asia Critical Mineral Raw Materials market is experiencing rapid growth, driven by increasing demand for electric vehicles, renewable energy technologies, and advanced electronics manufacturing across the region. In 2023, total production of critical mineral raw materials in Southeast Asia reached approximately 320,000 metric tons, with Indonesia, Malaysia, and Myanmar accounting for 80% of regional production. The electric vehicle and battery sector remains the largest consumer, representing 40% of demand, followed by renewable energy at 25% and electronics at 20%. The market saw a significant boost from accelerated electric vehicle adoption and investments in battery gigafactories, leading to a 25% increase in demand for lithium and cobalt in 2023. Rare earth elements dominate the market value with a 45% share, followed by lithium at 20%, cobalt at 15%, and other critical minerals at 20%. Technological advancements have focused on improving extraction efficiency, developing recycling technologies, and exploring new mineral deposits. New processing techniques offer up to 30% higher recovery rates and 25% reduced environmental impact compared to 2020 standards. The market is witnessing strong growth in sustainable and ethical sourcing practices, with certified responsibly-sourced minerals increasing at 15% annually, driven by consumer awareness and regulatory pressures. In 2023, concerns over supply chain resilience led to a 20% increase in investments in domestic critical mineral projects across Southeast Asian countries. The industry faces challenges from geopolitical tensions, environmental concerns, and price volatility, but ongoing efforts in circular economy practices and alternative material development are addressing these issues. Emerging applications in quantum computing and advanced defense technologies are showing significant promise, with specialized critical minerals for these sectors growing at 22% CAGR, albeit from a small base of 2% market share. Looking ahead, the market is expected to benefit from advancements in urban mining and deep-sea mineral exploration, with next-generation critical mineral sources projected to grow at 18% CAGR through 2030.

Report Includes

This report is an essential reference for who looks for detailed information on Southeast Asia Critical Mineral Raw Materials. The report covers data on Southeast Asia markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Southeast Asia major vendors¡¯ information. In addition to the data part, the report also provides overview of Critical Mineral Raw Materials, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

This report aims to provide a comprehensive presentation of the Southeast Asia Critical Mineral Raw Materials, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Critical Mineral Raw Materials. This report contains market size and forecasts of Critical Mineral Raw Materials in Southeast Asia, including the following market information:

We surveyed the Critical Mineral Raw Materials 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:

by Country

•    Thailand

•    Indonesia

•    Vietnam

•    Malaysia

•    Philippines

•    Singapore

•    Myanmar

by Products type:

•    Heavy Rare Earth Elements

•    Light Rare Earth Elements

•    Platinum Group Metals

•    Others

by Application:

•    Automotive Industry(Catalyst, Batteries?

•    Electronics Industry?Integrated Circuits, Laser Diodes?

•    Other

key players include: (At least 8-10 companies included)

•    PT Timah (Persero) Tbk

•    MMC Corporation Berhad

•    PT Antam Tbk

•    Thailand Smelting and Refining Co., Ltd. (Thaisarco)

•    Nickel Asia Corporation

•    United Tractors

•    Philex Mining Corporation

•    Metal X Limited

•    Lion Nickel Limited

•    Atlas Consolidated Mining and Development Corporation

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies Critical Mineral Raw Materials revenues in Southeast Asia market, 2019-2024 (Estimated), ($ millions)

•    Key companies Critical Mineral Raw Materials revenues share in Southeast Asia market, 2023 (%)

•    Key companies Critical Mineral Raw Materials sales in Southeast Asia market, 2019-2024 (Estimated),

•    Key companies Critical Mineral Raw Materials sales share in Southeast Asia market, 2023 (%)

Key Points of this Report:

•    The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis

•    The report covers Southeast Asia and country-wise market of Critical Mineral Raw Materials

•    It describes present situation, historical background and future forecast

•    Comprehensive data showing Critical Mineral Raw Materials capacities, production, consumption, trade statistics, and prices in the recent years are provided

•    The report indicates a wealth of information on Critical Mineral Raw Materials manufacturers

•    Critical Mineral Raw Materials forecast for next five years, including market volumes and prices is also provided

•    Raw Material Supply and Downstream Consumer Information is also included

•    Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

•    Analyzing the outlook of the market with the recent trends and SWOT analysis

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

•    Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

•    Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

•    Distribution Channel sales Analysis by Value

•    Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

•    Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

•    1-year analyst support, along with the data support in excel format.

Table of Content:

1 Market Overview    

1.1 Product Overview and Scope of Critical Mineral Raw Materials 

1.2 Segment by Type    

1.2.1 Southeast Asia Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030    

1.2.2 Heavy Rare Earth Elements    

1.2.3 Light Rare Earth Elements

1.2.4 Platinum Group Metals

1.2.5 Others

1.3 Segment by Application  

1.3.1 Southeast Asia Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030    

1.3.2    Automotive Industry(Catalyst, Batteries?

1.3.3    Electronics Industry?Integrated Circuits, Laser Diodes?

1.3.4    Other

1.4 Southeast Asia Market Growth Prospects    

1.4.1 Southeast Asia Revenue Estimates and Forecasts (2019-2030)    

1.4.2 Southeast Asia Production Estimates and Forecasts (2019-2030)  

2 Southeast Asia Growth Trends    

2.1 Industry Trends    

2.1.1 SWOT Analysis    

2.1.2 PESTEL Analysis    

2.1.3 Porter’s Five Forces Analysis   &n

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