China to Continue its Dominance in Global Rare Earth Metals Market

A recent report published by Transparency Market Research studies the global rare earth metals market in detail. The report examines the market dynamics in terms of volume sales, revenue generated, demand and supply trends, and competitive landscape. According to the study, as against its value of US$3.93 billion in 2012, the global rare earth metals market is anticipated to reach US$8.19 billion by the end of 2018. If the estimates hold true, the market will exhibit a healthy 13.0% CAGR between 2012 and 2018. The report is titled “Rare Earth Metals Market - Global Industry Analysis, Applications, Size, Share, Growth, Trends and Forecast, 2012 - 2018” and is available on the company website for sale.

Over the next three years, the global rare earth metals market is poised to register steady growth. The market, according to the report, will gain momentum from the escalating demand for rechargeable batteries, which are mainly used in everyday electronics such as computer memory, fluorescent lighting, DVDs, car catalytic converters, cell phones, magnets, and other devices. Governments of several nations across the globe are stressing upon the use of rechargeable batteries to curb carbon emissions, which is positively impacting the volume sales of rare earth metals around the world. Accelerating demand for clean energy, therefore, significantly propels demand from the rare earth metals market.

Browse the full Rare Earth Metals Market report at:http://www.transparencymarketresearch.com/rare-earths.html

Despite witnessing favorable growth conditions, the market for rare earth metals is likely to face challenges due to the concentration of metal reserves in a few region. The report highlights that China holds the largest reserve of rare earth metals in the world, followed by Russia, the U.S., India, Australia, and others. Since China is the largest producer and consumer of rare earth metals, the country accounts for a whopping 95% of the global rare earth metals market. The unbridled dominance of China in the market is a major challenge faced by producers from other countries, who irrespectively have to comply with the market trends commencing from China. The fluctuating cost of rare earth metals is another factor cited in the report that is likely to inhibit the market’s growth.

Among the different types of rare earth metals, cerium oxide emerged as the biggest shareholder. Due to its large-scale applications, cerium oxide accounted for 40% of the global market in 2013, followed by lanthanum oxide, which held 23.8% of the market during the same period. Lanthanum oxide is widely used across industries such as automotive, green technology, and other industries such as construction and electronics. China Rare Earth Holdings, Arafura Resources, Avalon Rare Metals, Indian Rare Earths, Rare Elements Resources Ltd, Greenland Rare Earth and Energy Ltd, and Chinalco Yunnan Copper Resources Ltd. are identified as some of the few leading companies in the global rare earth metals market.

Request a Brochure of this Report :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=823

Rare Earth Metals Market By Type:

• Lanthanum

• Praseodymium
• Cerium
• Neodymium
• Samarium
• Promethium
• Europium
• Dysprosium
• Holmium
• Gadolinium
• Terbium
• Thulium
• Scandium
• Yttrium
• Erbium
• Ytterbium
• Lutetium

Rare Earth Metals Market By Application:

• Magnets
• Catalyst
• Metallurgy
• Ceramics
• Phosphors
• Glass
• Polishing

Rare earth Metals Market By Geography:

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

Browse the full Press Release:http://www.transparencymarketresearch.com/pressrelease/rare-earths.htm

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