Loading in 2 Seconds...
Loading in 2 Seconds...
Rare earth metals are a set of seventeen elements that exhibit similar properties and belong to the actinide and lanthanide series.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Growth Prospect Forecast by 2012-2022
Rare earth metals are a set of seventeen elements that exhibit similar
properties and belong to the actinide and lanthanide series. The whole fifteen
elements of the lanthanide series and yttrium and scandium together make up
Rare earth metals are a set of seventeen elements that exhibit similar properties and belong to the
actinide and lanthanide series. The whole fifteen elements of the lanthanide series and yttrium and
scandium together make up these elements. Few common elements include Lanthanum,
Praseodymium, Cerium, and Neodymium among others and account for over 70.0% of global rare
earth metal consumption. Rare earth metals has its applications in various high technology products
such as TVs, nuclear batteries, miniature, numerous medical devices, permanent magnets and
rechargeable batteries for hybrid cars and wind turbines, tablet computers, advanced military
technology, laser repeaters, and superconductors.
Browse Full Research Report @
Additionally, they are also used as catalysts in petroleum refining & automotive and as pigments in
ceramics and glass. Metals such as Neodymium are widely used in the manufacturing of permanent
magnets. This is projected to directly impact the demand for neodymium which is one of the
maximum consumed rare earth metal. Additionally, the developing automobile industry is anticipated
to enhance the demand for magnets, in turn, are projected to drive rare earth metals market demand.
Another major factor driving the rare earth metals market is the increasing use of these elements as
a metal catalyst. Lanthanum and Cerium are widely used as catalyst in petroleum and metallurgical
refining process. Hence, it expected to significantly increase the demand for lanthanum and cerium
which has accounted for over 50.0 % of global rare earth metal consumption in 2012.
Despite the vast application scope for these metals, the market faces significant restraint in the form
of depleting reserves and unavailability of raw material. In the recent past, over 90.0 % of these
elements were extracted in China, and this has led to rising supple demand gap in several other parts
of the world. The expected depleting prevailing reserves of rare earth metal include dysprosium and
neodymium since the consumption is projected to increase drastically over the forecast period owing
to increasing consumption by end users such as electrical vehicles and the wind turbines industry.
Furthermore, the environmental threats of mining have enforced several countries such as China to
impose a ban on extreme mining to restrain exploitation of resources.
Request Sample Copy of this Market Research @
The major rare earth metals include Lanthanum, Yttrium, Dysprosium, Cerium, Praseodymium,
Neodymium and Gadolinium. Cerium was the maximum consumed metal, accounting for over 35.0 %
of global rare earth market consumption in recent past. Cerium is extensively used as a rare earth
metal catalyst in refining and metallurgy process. The rising industrialization in emerging economies
is anticipated to fuel the demand for cerium over the next eight years. Lanthanum was recorded as
the second highest consumed metal with global consumption of more than 40 kilo tons in recent past.
It is also used in a variety of refining and metallurgical activities. Neodymium is one of the most
significant rare earth metals and has its application in permanent magnets. The demand for
permanent magnets is expected to grow significantly owing to its increasing use in electronic and
Metallurgy, magnets, glass, polishing, and catalyst are main applications for the rare earth metals
market. Magnets were the biggest application segment for this market. The rising use of magnets in
automotive and wind turbine is expected to fuel the sales of these metals. Catalyst and metallurgy
were the largest application markets for these metals accounting for over 35.0 % of the revenue in
recent past. Asia Pacific is anticipated to be account for major market share over the forecast period
mainly due to the growing awareness regarding its industrial advantages and presence of rich natural
resource reserves. China constitutes more than 90% rare earth metals manufacturing, thus creating
a huge demand and supply gap in the sector. Hence, creating new opportunities for emerging
manufacturers that are anticipated to cater the growing end-user demand from electric vehicle
industry coupled with wind turbine industry.
North America and Europe are anticipated to witness significant growth over the next eight years
owing to the presence of high reserves of rare earth metals and rising demand from end-user
industries. Particularly the US, Germany, France, the UK, and Italy are projected to account for highest
growth in the region majorly due to growing demand for big 5 elements and rising R&D endeavors to
enhance quality and properties. The Middle East & Africa is projected to see significant growth by
2024 mainly owing to increasing urbanization, globalization, and industrialization.
The market has huge potential in this region primarily owing to growing economic development, and
rising purchasing power parity. Molycorp Inc. and China Northern rare Earth Group High-Tech Co Ltd
account for major market share and presently considered as largest companies manufacturing rare
earth metals. Few other market vendors include Canada rare Earths Ltd, China rare Earth Holdings,
Alkane, Avalon, Arafura, Lynas Corporation Limited and Great Western Mineral Group.
See More Reports of this Category by Million Insights @
Geographically, this report is segmented into several key Regions, with production, consumption,
revenue (million USD), market share and growth rate of Rare Earth Metals in these regions, from
2012 to 2022 (forecast), covering
• North America
• Southeast Asia
Global Rare Earth Metals market competition by top manufacturers, with production, price,
revenue (value) and market share for each manufacturer; the top players including
• Beifang Rare Earth
• Integral Materials Investment Vietnam
• Chenguang Rare Earths New Material
• Sunlux Rare Metal
• Grirem Advanced Materials
• Baotou Xinye New Materials
• Ganzhou Rare Earth Metals
• Jiangtong Rare Earth
• Xiamen Tungsten
• Shenghe Resources
• Yiyang Hongyuan Rare Earth
On the basis of product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• Single Rare Earth Metal
• Mixed Rare Earth Metal
Read Detail Market Research Report @
On the basis on the end users/applications, this report focuses on the status and outlook for
major applications/end users, consumption (sales), market share and growth rate of Rare Earth
Metals for each application, including
• Rare Earth Permanent Magnet Material
• Hydrogen Storage Material
At Million Insights, we work with the aim to reach the highest levels of customer satisfaction.
Our representatives strive to understand diverse client requirements and cater to the same with the
most innovative and functional solutions.
Research Support Specialist, USA
Felton Office Plaza 6265 Highway 9
Felton, California 95018, United States
Office No. 302, 3rd Floor, Manikchand
Galleria, Model Colony, Shivaji Nagar,
Pune, MH, 411016 India
Visit Our Blog: www.millioninsights.blogspot.com