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Global Monazite Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Published Date: March 2025
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Report Code: QYRE-Auto-7243
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Global Monazite Market Insights and Forecast to 2028
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Global Monazite Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031

Code: QYRE-Auto-7243
Report
March 2025
Pages:65
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Monazite Sales Market

The global Monazite market size was US$ million in 2024 and is forecast to a readjusted size of US$ million by 2031 with a CAGR of %during the forecast period 2025-2031.
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.
In China, Monazite key players include Hongyuan Rare Earth, Xiangjiang River Rare Earth, etc. Global top two manufacturers hold a share over 95%.
Hunan Province is the largest market, with a share over 70%, followed by Jiangxi Province, with a share about 15 percent.
The global Monazite market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
Market Segmentation

Scope of Monazite Sales Market Report

Report Metric Details
Report Name Monazite Sales Market
By Type: (Dominant Segment vs High-Margin Innovation)
  • Acid Cracking
  • Alkaline Cracking
By Application: (Core Demand Driver vs Emerging Opportunity)
  • Chemical
  • Metallurgy
  • Electronic
  • Medical
  • Others
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company: Hongyuan Rare Earth, Xiangjiang River Rare Earth, Shenghe Resources
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
  • Chapter 2: Quantitative analysis of Monazite market size and growth potential at global, regional, and country levels.
  • Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
  • Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Alkaline Cracking in China).
  • Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Metallurgy in India).
  • Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
  • Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
  • Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
  • Chapter 9: Actionable conclusions and strategic recommendations.
  • Why This Report?
  • Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Monazite value chain, addressing:

FAQ for this report

What is the market share of major companies in Monazite Sales Market?

Ans: Global top two manufacturers hold a share over 95%.

Who are the main players in the Monazite Sales Market report?

Ans: The main players in the Monazite Sales Market are Hongyuan Rare Earth, Xiangjiang River Rare Earth, Shenghe Resources

What are the Application segmentation covered in the Monazite Sales Market report?

Ans: The Applications covered in the Monazite Sales Market report are Chemical, Metallurgy, Electronic, Medical, Others

What are the Type segmentation covered in the Monazite Sales Market report?

Ans: The Types covered in the Monazite Sales Market report are Acid Cracking, Alkaline Cracking

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Market trends :

Topic Trends
Global rising demand for rare earth elements in electronics and clean energy sectors is driving strategic investments and production optimization in the global monazite market.
Type Acid Cracking - acid cracking remains the established extraction method but faces increasing scrutiny due to environmental regulations and waste management challenges.
Alkaline Cracking - alkaline cracking is gaining traction as a cleaner alternative, with innovation in china positioning it as a blue ocean opportunity for sustainable monazite processing.
Application Chemical - chemical applications continue to drive core demand for monazite, supported by robust growth in rare earth-based catalysts and compounds.
Metallurgy - metallurgy is experiencing high-growth opportunities, particularly in india, due to increased investment in rare earth metal production.
Electronic - the electronics sector is fueling demand for monazite-derived rare earths, driven by expansion in consumer electronics and advanced manufacturing.
Medical - medical applications are emerging as a niche growth segment for monazite, particularly in radiotherapy and imaging technologies.
Company Hongyuan Rare Earth - hongyuan rare earth is leveraging its dominant market position in china to expand production capacity and secure long-term supply agreements.
Xiangjiang River Rare Earth - xiangjiang river rare earth is focusing on process innovation and regional partnerships to strengthen its supply chain resilience in the monazite sector.
Shenghe Resources - shenghe resources is diversifying its product portfolio and targeting high-growth downstream applications to capture emerging opportunities in the global monazite market.
Region North America - north america is exploring strategic partnerships and investments to reduce reliance on imported rare earths and develop domestic monazite processing capabilities.
EMEA - emea is witnessing regulatory shifts and increased funding for rare earth supply chain security, impacting monazite market dynamics.
APAC - apac, led by china, dominates global monazite production and is investing in sustainable extraction technologies to maintain market leadership.
LATAM - latam is emerging as a potential source for monazite mining, attracting exploration activities and foreign investment.
1 Market Overview
1.1 Monazite Product Scope
1.2 Monazite by Type
1.2.1 Global Monazite Sales by Type (2020 & 2024 & 2031)
1.2.2 Acid Cracking
1.2.3 Alkaline Cracking
1.3 Monazite by Application
1.3.1 Global Monazite Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Chemical
1.3.3 Metallurgy
1.3.4 Electronic
1.3.5 Medical
1.3.6 Others
1.4 Global Monazite Market Estimates and Forecasts (2020-2031)
1.4.1 Global Monazite Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Monazite Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Monazite Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Monazite Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Monazite Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Monazite Sales Market Share by Region (2020-2025)
2.2.2 Global Monazite Revenue Market Share by Region (2020-2025)
2.3 Global Monazite Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Monazite Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Monazite Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Monazite Market Size and Prospective (2020-2031)
2.4.2 Europe Monazite Market Size and Prospective (2020-2031)
2.4.3 China Monazite Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Monazite Historic Market Review by Type (2020-2025)
3.1.1 Global Monazite Sales by Type (2020-2025)
3.1.2 Global Monazite Revenue by Type (2020-2025)
3.1.3 Global Monazite Price by Type (2020-2025)
3.2 Global Monazite Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Monazite Sales Forecast by Type (2026-2031)
3.2.2 Global Monazite Revenue Forecast by Type (2026-2031)
3.2.3 Global Monazite Price Forecast by Type (2026-2031)
3.3 Different Types Monazite Representative Players
4 Global Market Size by Application
4.1 Global Monazite Historic Market Review by Application (2020-2025)
4.1.1 Global Monazite Sales by Application (2020-2025)
4.1.2 Global Monazite Revenue by Application (2020-2025)
4.1.3 Global Monazite Price by Application (2020-2025)
4.2 Global Monazite Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Monazite Sales Forecast by Application (2026-2031)
4.2.2 Global Monazite Revenue Forecast by Application (2026-2031)
4.2.3 Global Monazite Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Monazite Application
5 Competition Landscape by Players
5.1 Global Monazite Sales by Players (2020-2025)
5.2 Global Top Monazite Players by Revenue (2020-2025)
5.3 Global Monazite Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Monazite as of 2024)
5.4 Global Monazite Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Monazite, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Monazite, Product Type & Application
5.7 Global Key Manufacturers of Monazite, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Monazite Sales by Company
6.1.1.1 North America Monazite Sales by Company (2020-2025)
6.1.1.2 North America Monazite Revenue by Company (2020-2025)
6.1.2 North America Monazite Sales Breakdown by Type (2020-2025)
6.1.3 North America Monazite Sales Breakdown by Application (2020-2025)
6.1.4 North America Monazite Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Monazite Sales by Company
6.2.1.1 Europe Monazite Sales by Company (2020-2025)
6.2.1.2 Europe Monazite Revenue by Company (2020-2025)
6.2.2 Europe Monazite Sales Breakdown by Type (2020-2025)
6.2.3 Europe Monazite Sales Breakdown by Application (2020-2025)
6.2.4 Europe Monazite Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Monazite Sales by Company
6.3.1.1 China Monazite Sales by Company (2020-2025)
6.3.1.2 China Monazite Revenue by Company (2020-2025)
6.3.2 China Monazite Sales Breakdown by Type (2020-2025)
6.3.3 China Monazite Sales Breakdown by Application (2020-2025)
6.3.4 China Monazite Major Customer
6.3.5 China Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Hongyuan Rare Earth
7.1.1 Hongyuan Rare Earth Company Information
7.1.2 Hongyuan Rare Earth Business Overview
7.1.3 Hongyuan Rare Earth Monazite Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Hongyuan Rare Earth Monazite Products Offered
7.1.5 Hongyuan Rare Earth Recent Development
7.2 Xiangjiang River Rare Earth
7.2.1 Xiangjiang River Rare Earth Company Information
7.2.2 Xiangjiang River Rare Earth Business Overview
7.2.3 Xiangjiang River Rare Earth Monazite Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Xiangjiang River Rare Earth Monazite Products Offered
7.2.5 Xiangjiang River Rare Earth Recent Development
7.3 Shenghe Resources
7.3.1 Shenghe Resources Company Information
7.3.2 Shenghe Resources Business Overview
7.3.3 Shenghe Resources Monazite Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Shenghe Resources Monazite Products Offered
7.3.5 Shenghe Resources Recent Development
8 Monazite Manufacturing Cost Analysis
8.1 Monazite Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Monazite
8.4 Monazite Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Monazite Distributors List
9.3 Monazite Customers
10 Monazite Market Dynamics
10.1 Monazite Industry Trends
10.2 Monazite Market Drivers
10.3 Monazite Market Challenges
10.4 Monazite Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
List of Tables
 Table 1. Global Monazite Sales (US$ Million) Growth Rate by Type (2020 & 2024 & 2031)
 Table 2. Global Monazite Sales (US$ Million) Comparison by Application (2020 & 2024 & 2031)
 Table 3. Global Market Monazite Market Size (US$ Million) by Region:2020 VS 2024 VS 2031
 Table 4. Global Monazite Sales (Ton) by Region (2020-2025)
 Table 5. Global Monazite Sales Market Share by Region (2020-2025)
 Table 6. Global Monazite Revenue (US$ Million) Market Share by Region (2020-2025)
 Table 7. Global Monazite Revenue Share by Region (2020-2025)
 Table 8. Global Monazite Sales (Ton) Forecast by Region (2026-2031)
 Table 9. Global Monazite Sales Market Share Forecast by Region (2026-2031)
 Table 10. Global Monazite Revenue (US$ Million) Forecast by Region (2026-2031)
 Table 11. Global Monazite Revenue Share Forecast by Region (2026-2031)
 Table 12. Global Monazite Sales by Type (Ton) & (2020-2025)
 Table 13. Global Monazite Sales Share by Type (2020-2025)
 Table 14. Global Monazite Revenue by Type (US$ Million) & (2020-2025)
 Table 15. Global Monazite Price by Type (10K RMB/Ton) & (2020-2025)
 Table 16. Global Monazite Sales by Type (Ton) & (2026-2031)
 Table 17. Global Monazite Revenue by Type (US$ Million) & (2026-2031)
 Table 18. Global Monazite Price by Type (10K RMB/Ton) & (2026-2031)
 Table 19. Representative Players of Each Type
 Table 20. Global Monazite Sales by Application (Ton) & (2020-2025)
 Table 21. Global Monazite Sales Share by Application (2020-2025)
 Table 22. Global Monazite Revenue by Application (US$ Million) & (2020-2025)
 Table 23. Global Monazite Price by Application (10K RMB/Ton) & (2020-2025)
 Table 24. Global Monazite Sales by Application (Ton) & (2026-2031)
 Table 25. Global Monazite Revenue Market Share by Application (US$ Million) & (2026-2031)
 Table 26. Global Monazite Price by Application (10K RMB/Ton) & (2026-2031)
 Table 27. New Sources of Growth in Monazite Application
 Table 28. Global Monazite Sales by Company (Ton) & (2020-2025)
 Table 29. Global Monazite Sales Share by Company (2020-2025)
 Table 30. Global Monazite Revenue by Company (US$ Million) & (2020-2025)
 Table 31. Global Monazite Revenue Share by Company (2020-2025)
 Table 32. Global Monazite by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Monazite as of 2024)
 Table 33. Global Market Monazite Average Price by Company (10K RMB/Ton) & (2020-2025)
 Table 34. Global Key Manufacturers of Monazite, Manufacturing Sites & Headquarters
 Table 35. Global Key Manufacturers of Monazite, Product Type & Application
 Table 36. Global Key Manufacturers of Monazite, Date of Enter into This Industry
 Table 37. Manufacturers Mergers & Acquisitions, Expansion Plans
 Table 38. North America Monazite Sales by Company (2020-2025) & (Ton)
 Table 39. North America Monazite Sales Market Share by Company (2020-2025)
 Table 40. North America Monazite Revenue by Company (2020-2025) & (US$ Million)
 Table 41. North America Monazite Revenue Market Share by Company (2020-2025)
 Table 42. North America Monazite Sales by Type (2020-2025) & (Ton)
 Table 43. North America Monazite Sales Market Share by Type (2020-2025)
 Table 44. North America Monazite Sales by Application (2020-2025) & (Ton)
 Table 45. North America Monazite Sales Market Share by Application (2020-2025)
 Table 46. Europe Monazite Sales by Company (2020-2025) & (Ton)
 Table 47. Europe Monazite Sales Market Share by Company (2020-2025)
 Table 48. Europe Monazite Revenue by Company (2020-2025) & (US$ Million)
 Table 49. Europe Monazite Revenue Market Share by Company (2020-2025)
 Table 50. Europe Monazite Sales by Type (2020-2025) & (Ton)
 Table 51. Europe Monazite Sales Market Share by Type (2020-2025)
 Table 52. Europe Monazite Sales by Application (2020-2025) & (Ton)
 Table 53. Europe Monazite Sales Market Share by Application (2020-2025)
 Table 54. China Monazite Sales by Company (2020-2025) & (Ton)
 Table 55. China Monazite Sales Market Share by Company (2020-2025)
 Table 56. China Monazite Revenue by Company (2020-2025) & (US$ Million)
 Table 57. China Monazite Revenue Market Share by Company (2020-2025)
 Table 58. China Monazite Sales by Type (2020-2025) & (Ton)
 Table 59. China Monazite Sales Market Share by Type (2020-2025)
 Table 60. China Monazite Sales by Application (2020-2025) & (Ton)
 Table 61. China Monazite Sales Market Share by Application (2020-2025)
 Table 62. Hongyuan Rare Earth Company Information
 Table 63. Hongyuan Rare Earth Description and Business Overview
 Table 64. Hongyuan Rare Earth Monazite Sales (Ton), Revenue (US$ Million), Price (10K RMB/Ton) and Gross Margin (2020-2025)
 Table 65. Hongyuan Rare Earth Monazite Product
 Table 66. Hongyuan Rare Earth Recent Development
 Table 67. Xiangjiang River Rare Earth Company Information
 Table 68. Xiangjiang River Rare Earth Description and Business Overview
 Table 69. Xiangjiang River Rare Earth Monazite Sales (Ton), Revenue (US$ Million), Price (10K RMB/Ton) and Gross Margin (2020-2025)
 Table 70. Xiangjiang River Rare Earth Monazite Product
 Table 71. Xiangjiang River Rare Earth Recent Development
 Table 72. Shenghe Resources Company Information
 Table 73. Shenghe Resources Description and Business Overview
 Table 74. Shenghe Resources Monazite Sales (Ton), Revenue (US$ Million), Price (10K RMB/Ton) and Gross Margin (2020-2025)
 Table 75. Shenghe Resources Monazite Product
 Table 76. Shenghe Resources Recent Development
 Table 77. Production Base and Market Concentration Rate of Raw Material
 Table 78. Key Suppliers of Raw Materials
 Table 79. Monazite Distributors List
 Table 80. Monazite Customers List
 Table 81. Monazite Market Trends
 Table 82. Monazite Market Drivers
 Table 83. Monazite Market Challenges
 Table 84. Monazite Market Restraints
 Table 85. Research Programs/Design for This Report
 Table 86. Key Data Information from Secondary Sources
 Table 87. Key Data Information from Primary Sources


List of Figures
 Figure 1. Monazite Product Picture
 Figure 2. Global Monazite Sales (US$ Million) by Type (2020 & 2024 & 2031)
 Figure 3. Global Monazite Sales Market Share by Type in 2024 & 2031
 Figure 4. Acid Cracking Product Picture
 Figure 5. Alkaline Cracking Product Picture
 Figure 6. Global Monazite Sales (US$ Million) by Application (2020 & 2024 & 2031)
 Figure 7. Global Monazite Sales Market Share by Application in 2024 & 2031
 Figure 8. Chemical Examples
 Figure 9. Metallurgy Examples
 Figure 10. Electronic Examples
 Figure 11. Medical Examples
 Figure 12. Others Examples
 Figure 13. Global Monazite Sales, (US$ Million), 2020 VS 2024 VS 2031
 Figure 14. Global Monazite Sales Growth Rate (2020-2031) & (US$ Million)
 Figure 15. Global Monazite Sales (Ton) Growth Rate (2020-2031)
 Figure 16. Global Monazite Price Trends Growth Rate (2020-2031) & (10K RMB/Ton)
 Figure 17. Monazite Report Years Considered
 Figure 18. Global Market Monazite Market Size (US$ Million) by Region:2020 VS 2024 VS 2031
 Figure 19. Global Monazite Revenue Market Share by Region: 2020 VS 2024
 Figure 20. North America Monazite Revenue (US$ Million) Growth Rate (2020-2031)
 Figure 21. North America Monazite Sales (Ton) Growth Rate (2020-2031)
 Figure 22. Europe Monazite Revenue (US$ Million) Growth Rate (2020-2031)
 Figure 23. Europe Monazite Sales (Ton) Growth Rate (2020-2031)
 Figure 24. China Monazite Revenue (US$ Million) Growth Rate (2020-2031)
 Figure 25. China Monazite Sales (Ton) Growth Rate (2020-2031)
 Figure 26. Global Monazite Revenue Share by Type (2020-2025)
 Figure 27. Global Monazite Sales Share by Type (2026-2031)
 Figure 28. Global Monazite Revenue Share by Type (2026-2031)
 Figure 29. Global Monazite Revenue Share by Application (2020-2025)
 Figure 30. Global Monazite Revenue Growth Rate by Application in 2020 & 2024
 Figure 31. Global Monazite Sales Share by Application (2026-2031)
 Figure 32. Global Monazite Revenue Share by Application (2026-2031)
 Figure 33. Global Monazite Sales Share by Company (2024)
 Figure 34. Global Monazite Revenue Share by Company (2024)
 Figure 35. Global 5 Largest Monazite Players Market Share by Revenue in Monazite: 2020 & 2024
 Figure 36. Monazite Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 37. Manufacturing Cost Structure of Monazite
 Figure 38. Manufacturing Process Analysis of Monazite
 Figure 39. Monazite Industrial Chain
 Figure 40. Channels of Distribution (Direct Vs Distribution)
 Figure 41. Distributors Profiles
 Figure 42. Bottom-up and Top-down Approaches for This Report
 Figure 43. Data Triangulation
 Figure 44. Key Executives Interviewed
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