Hexa Reports Market Research Reports and Insightful Company Profiles Global Rare Earth Elements Market Industry 2015 Market Share, Size, Industry Profile, Market Prize, Forecast and Overview The global market for rare earth elements is expected to reach USD 10.96 billion by 2020. Growing demand for metal catalysts such as Cerium and Lanthanum is expected to drive the market over the next six years. These metal catalysts find applications across a host of industries including automobiles, metallurgy, phosphors and glass among others. In addition, growing market for permanent magnets is expected to particularly boost the demand for Neodymium. Certain rare earth elements such as terbium, europium and yttrium find applications in the phosphor industry. Phosphor is a vital component in the manufacturing of LCD screens and CRT displays, the growing electronic industry; particularly in Asia Pacific is expected to increase the demand for these elements. Depleting reserves, stringent regulatory framework, complex extraction and capital intensive nature of the extraction process are expected to be key challenges for market participants over the next six years. Recycling of these elements from waste could prove to be a key opportunity for the market in the near future. Browse Detail Report With TOC @ http://www.hexareports.com/report/rare-earth-elements-market- analysis-and-segment-forecasts-to-2020/details Further key findings from the study suggest: Cerium dominated the global market and accounted for nearly 40% of rare earth element consumption in 2013, finding a surge in demand as a catalyst. Other predominantly consumed elements include Lanthanum, Neodymium, Praseodymium and Yttrium among others.
Hexa Reports Market Research Reports and Insightful Company Profiles Key applications of rare earth elements include metallurgy, polishing, catalyst and magnets. Magnets and metallurgy was the largest application segment for the market and together accounted for over 40% of consumption in 2013. Metallurgy is expected to witness fastest growth over the forecast period due to the use of elements such as cerium, lanthanum, neodymium and yttrium, which are primarily added to improve physical properties of the metal. Asia Pacific was the largest consumer of rare earth elements in 2013, with estimated market revenue of over USD 3.74 billion. The region is also expected to witness fastest growth in terms of consumption, at an estimated CAGR of 11.9 % from 2014 to 2020. Growing industrialization and extraction activities in China are the primary factors responsible for high growth in Asia Pacific. North America was the second largest consumer of rare earth elements in 2013 and consumed over 14 kilo tons. However, the region is expected to lose market share to the high growth regions of Latin America, Middle East and Asia Pacific over the forecast period. Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co and China Rare Earth Holdings were the largest suppliers of rare earth element in 2013, together accounting for over 33% of total market revenue. Other key companies in the market include Indian Rare Earths Ltd, Molycorp, Great Western Mineral Group and Lynas Corporation Limited among others. For the purpose of this study, Grand View Research has segmented the global rare earth elements market on the basis of products, application and region: Rare Earth Elements Product Outlook, Cerium Dysprosium Erbium Europium Gadolinium Holmium Lanthanum Lutetium Neodymium Praseodymium romethium Samarium Scandium Terbium Thulium Ytterbium Yttrium Rare Earth Elements Application Outlook, Magnets Catalysts
Hexa Reports Market Research Reports and Insightful Company Profiles Metallurgy Polishing Glass Phosphors Ceramics Other Rare Earth Elements Regional Outlook, North America Europe Asia Pacific RoW Request A Sample copy of This Report @ http://www.hexareports.com/sample/42792 Table of Content Chapter 1 Executive Summary 1.1Rare Earth Elements - Industry Summary & Critical Success Factors (CSFs) Chapter 2 Rare Earth Elements Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Rare Earth Elements Market Dynamics 2.4 Key Opportunities Prioritized 2.5 Industry Analysis - Porter's 2.6 Rare Earth Elements - Company Market Share Analysis 2.7 Rare Earth Elements - PESTEL Analysis Chapter 3 Rare Earth Elements Product Outlook 3.1 Cerium 3.2 Dysprosium 3.3 Erbium 3.4 Europium 3.5 Gadolinium 3.6 Holmium 3.7 Lanthanum 3.8 Lutetium 3.9 Neodymium 3.10 Praseodymium 3.11 Promethium 3.12 Samarium
Hexa Reports Market Research Reports and Insightful Company Profiles 3.13 Scandium 3.14 Terbium 3.15 Thulium 3.16 Ytterbium 3.17 Yttrium Chapter 4 Rare Earth Elements Application Outlook 4.1 Magnets 4.2 Catalysts 4.3 Metallurgy 4.4 Polishing 4.5 Glass 4.6 Phosphors 4.7 Ceramics 4.8 Other Browse Full Report @ http://www.hexareports.com/report/rare-earth-elements-market-analysis- and-segment-forecasts-to-2020/details About Us: Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Information: Ryan Shaw Felton Office Plaza, 6265 Highway 9, Felton, California, 95018, United States Phone Number 1-800-489-3075 Email Us: firstname.lastname@example.org Our Website: http://www.hexareports.com/