According
to a new market report published by Transparency Market Research
"Rare
Earth Metals Market
- Global Industry Analysis, Size, Share, Growth and Forecast, 2012 -
2018," the demand for Rare
Earth Metals Market
products was over 2,600 million units in 2011, and is expected to
grow at a CAGR of 3.7% from 2012 to 2018. In terms of revenue, the
market was valued at approximately USD 81 billion in 2011 and is
expected to reach USD 130 billion by 2018.
Browse
the full Report at
http://www.transparencymarketresearch.com/rare-earths.html
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.
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
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 is a 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.
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are privileged with highly experienced team of Analysts, Researchers
and Consultants, who use proprietary data sources and various tools
and techniques to gather, and analyze information. Our business
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indispensable for businesses to sustain a competitive edge.
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