Lanthanum, a metal that's soft to be cut with a butter knife, is a silvery-white, malleable, ductile metal of the lanthanide series of elements. According to BlueQuark Research & Consulting, the global lanthanum market is expected to grow considerably during the forecasted period. Factors such as rising demand for lanthanum in hybrid vehicle manufacturing are expected to drive the global lanthanum market in the forecasted period. Further, increased demand for rare earth metal catalysts is projected to contribute to the growth of the worldwide lanthanum market in the forecasted period. Furthermore, an increase in demand for lanthanum in the electrical & electronics industry in countries in the Asia Pacific, such as India, and China, is anticipated to drive the Lanthanum market in the region. However, some of the critical constraints projected to hamper the market in the forecasted period are the enactment of government regulations and policies related to mining, decreasing reserves, and environmental risks associated with the production of lanthanum.

Lanthanum is utilized in many applications, such as catalysts, ignition elements in lighters, medicines, and tig welding electrodes. 

The primary factor responsible for the global lanthanum market's growth is the rising demand for lanthanum compounds in electronics, hybrid vehicle production, and the automotive industry. It is a rare earth metals and is found in sediment along with cerium and multiple other rare earth elements. Lanthanum is abundantly available on Earth. Lanthanum is used in numerous applications such as additives in catalysts, glass, ignition elements in torches and lighters, electron cathodes, and scintillators. Lanthanum carbonate is utilized as a phosphate binder in medicines to treat high levels of phosphate in the blood. Lanthanum is primarily used to produce nickel-metal hydride batteries employed in hybrid vehicles. Approximately 10 kg of lanthanum is used to manufacture a single hybrid electric car. Like several rare earth elements, the metal is not all that rare, just brutal to isolate. Lanthanum's abundance is approx 32 parts per million in the Earth's crust. Lanthanum is also broadly used in making FCC catalysts employed in producing high-octane gasoline that "burns" slowly, increasing fuel efficiency. It has extensive applications in hydrogen storage, phosphor lamp coatings, cigar lighters, fiber optics, cathode materials and vacuum tube making, and lenses for cameras and telescopes. The ion La3+ is utilized as a biological tracer for Ca2+, and radioactive lanthanum has been tested for use in cancer treatment. 

Asia-Pacific dominated the global lanthanum market owing to the availability of raw materials. The market is very competitive due to many lanthanum metal processing facilities. The numeral end-user industries with lanthanum applications are also high in the region. China and Japan are key players in Asia-Pacific's lanthanum market. However, North America's minimizing dependency on Chinese exports is likely to make North American market grow faster. The lanthanum oxide segment is anticipated to drive the global lanthanum market during the forecast period. Lanthanum oxide is extensively used as a feedstock for specific catalysts and in components of optical materials in some ferroelectric materials. The global market for lanthanum has been experiencing noticeable growth, with lanthanum being the most widely used rare earth metal after cerium in various automotive and aerospace applications. Lanthanum has widespread applications in cracking reactions in Fluidic Catalytic Cracking (FCC) catalysts to manufacture high-octane gasoline from crude oil. Its application lies in hydrogen storage batteries. Lanthanum fluoride is an important component of heavy fluoride glass which exhibits an excellent transmittance property in the infrared range and is utilized in optical fiber communication systems. Lanthanum trifluoride has critical usage in phosphor lamp coatings. Lanthanum oxide and lanthanum boride are utilized as hot cathode materials in electronic vacuum tubes with a considerable emissivity of electrons. Lanthanum oxides are also used in producing lenses used in telescopes and cameras. Lanthanum is also used to manufacture hybrid cars that use nickel-metal hydride batteries. The significant presence of rare earth metals in emerging regions such as Asia has led to a tremendous demand for lanthanum from various industries, such as hybrid electric vehicles and consumer electronics. 

The global lanthanum market is fragmented. Major market players were Merck KGaA, Cathay Advanced Materials, Beijing Cerametek Materials, Avalon Advanced Materials, and Metall Rare Earth, among others.

The Haber-Bosch process is a method utilized since the beginning of the 20th century to produce Ammonia, a chemical of immense importance to various industries. While the current approach involves the usage of ruthenium, an expensive and scarce metal, as a catalyst to activate the necessary reactions, Prof Hideo Hosono and colleagues from Tokyo Institute of Technology (Tokyo Tech), Japan, have currently developed a new strategy to produce Ammonia using lanthanum in combination with Nickel in July 2020. Lanthanum is relatively low-priced and much more abundant when compared to ruthenium.

Rare earth producer Lynas Corp has identified more light and heavy rare Earth at depths previously not investigated below the main orebody at its Mt Weld mine in Western Australia. The company, the world's only significant producer of rare Earth outside China, produces neodymium, praseodymium, lanthanum, cerium, and mixed heavy rare Earth.

The global Lanthanum Market report provides deep insights into the current and future state of the lanthanum market across various regions. The study comprehensively analyzes the lanthanum market by segmenting based on type (Metal, Compounds (Lanthanum Oxide, Lanthanum Chloride, Lanthanum Boride, Lanthanum Acetate, Lanthanum Carbonate, and Others), application (Filament Glass Coatings, Fluidic Catalytic Cracking (FCC) Catalysts, Hydrogen Storage, Battery and Non-Battery Alloys, Electrical and Electronics, and Others), and geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market's growth, in detail. The study covers & includes emerging market size, trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of prominent companies, including their market shares and projects.