Overview
of Rare Earth Metals Market
Rare
earth metals are set of seventeen chemical elements, especially
fifteen lanthanides, plus scandium and yttrium. The set includes
lanthanum, gadolinium, holmium, praseodymium, cerium, samarium,
neodymium, promethium, dysprosium, terbium, thulium, europium,
erbium, ytterbium, and lutetium. These are further classified into
heavy earth metals and light rare earth metals. The heavy set is
inclusive of yttrium, gadolinium, europium, terbium, holmium,
dysprosium, thulium, erbium, ytterbium, and lutetium, while the light
set includes lanthanum, praseodymium, cerium, promethium, neodymium,
and samarium. Despite termed as rare, these metals are used in most
of the day-to-day items such as DVD’s, fluorescent lighting, cell
phones, rechargeable batteries, magnets, computer memory, and car
catalytic converters.
Industry
experts suggest, the rare earth metals market is on the rise in the
coming years. Increasing demand for clean energy, existing and
emerging applications, and initiatives taken by government to promote
greener energy are some of the important market drivers for this
industry. Some of the applications’ markets for this industry are
metallurgy, magnets, catalysts, and phosphors. Presently, magnets
attribute to a major application chunk in terms of revenue and
consumption. However, metallurgy seems to be the next promising
segment. These market drivers are being tugged at the other end by
market inhibitors such as fluctuating prices and China’s dominance
over rare metals market.
Browse
the full Rare Earth Metals Market
report
at:http://www.transparencymarketresearch.com/rare-earths.html
Market
Division
The
rare earth metals market is further divided according to the type of
metals, their application, and the geography of their market. In what
follows, we see a list of segmentation of rare metals industry in the
aforementioned way.
Rare
earth metals market by type:
- Lanthanum
- Praseodymium
- Promethium
- Scandium
- Yttrium
- Erbium
- Ytterbium
- Lutetium.
- Europium
- Dysprosium
- Holmium
- Gadolinium
- Terbium
- Cerium
- Neodymium
- Samarium
- Thulium
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Rare
earth metals market by application:
- Phosphors
- Glass
- Polishing
- Magnets
- Catalyst
- Metallurgy
- Ceramics
Rare
earth metals market by geography:
- Asia-Pacific
- Europe
- North America
- Rest of the World (RoW)
- What Lies Ahead
The
rare earth metal reserves are concentrated mostly in China, followed
by Russia, United States, Australia, and India. Owing to high
reserves in the region, China nearly accounts for 95% of the total
global rare earth metal production and consumption. According to
statistics provided by analysts, the rare earth metal market revenue
stood at $ 3.4 billion in 2011. The forecast for this industry
suggests this figure will grow at a CAGR of 13% from 2012 to 2018.
The growth in rare earth metals market depends on the type of metal
too. The one expected to do solid business in the coming years is
cerium.
Cerium
is widely used in fast growing applications such as magnets and
metallurgy. This metal is followed by lanthanum, neodymium and
others. Despite cerium’s popular usage, scandium wins in terms of
revenue, which is followed closely by neodymium, dysprosium and
others.
The
recent report published by Transparency Market Research studies the
global market for rare earth metals and forecasts the volumes and
revenues with regards to regions of Europe, North America,
Asia-Pacific, and Rest of the World. It further profiles top players
in the market such as Arafura Resources, China Rare Earth Holdings,
Indian Rare Earths, Inner Mongolia Baotou Steel Rare Earth Hi-Tech
Co, Alkane Resources, Great Western Minerals Group, Avalon Rare
Metals, Rare Elements Resources Ltd, Greenland Rare Earth and Energy
Ltd, Lynas Corporation Ltd., Molycorp, and Chinalco Yunnan Copper
Resources Ltd. The aim of this report is to provide every reader with
a granular view of the rare earth metal market to be able to make
well-informed business decisions.
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr.
Nachiket Ghumare
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State Street, Suite 700
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+1-518-618-1030
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