North America Rare Earth Metals Market is Expected to Grow at a CAGR of 8%

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Worlds 1st Real Time Market Intelligence
MicroMarket Monitor
Forecasts

• North America Rare Earth Metals Market is
  Expected to Grow at a CAGR of 8

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Browse through the market data tables, figures
and detailed ToC on the North America Rare Earth
Metals. http//www.micromarketmonitor.com/market
/north-america-rare-earth-metals-8156092312.html
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• The high demand in the current and emerging
  applications, increasing demand for clean energy,
  initiatives of associations and regulatory
  bodies, and the population trends are the major
  factors which drive the growth of the global rare
  earth metals market.
• The rare earth metals are used in various direct
  applications ranging from permanent magnets,
  catalysts, phosphors, glass additives, polishing,
  and x-rays, among others.
• North America is the second-largest region in
  the world for rare earth metals. North Americas
  mine deposits, innovative technologies, and
  research development enable the region to meet
  the high demand in rare earth metals.
• The U.S. had the highest demand for rare earth
  oxides in North America, followed by Canada. The
  U.S. is expected to be the fastest growing
  region, at a CAGR of around 8.
• North America has been the most active region in
  terms of number of developments, followed by
  Asia-Pacific.
• Great Western Minerals Group Ltd. (Saskatoon,
  Canada) and Molycorp Inc. (Colorado, U.S.) are
  among the most active players in the market.

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Europe Rare Earth Metals Market

• The European market for rare earth oxides is
  mostly dependent upon imports and is facing a
  rigorous challenge to meet the growing demand.
• Petroleum, automobile, industrial, and other
  catalyst market segments are all set to grow
  moderately over the next five years, which
  eventually would increase the rare earth
  consumption.
• Europe focuses on investments in the necessary
  innovative technologies for rare earths recycling
  and substitution.
• The European market is projected to grow at a
  CAGR of around 10 12, during the forecast
  period.
• The European Union imports more than 90 of its
  rare earth metal needs from countries such as
  China, due to insufficient domestic supply within
  the region.
• http//www.micromarketmonitor.com/market/europe-ra
  re-earth-metals-3477668352.html

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Asia-Pacific Rare Earth Metals Market 

• Asia- Pacific is the top region in terms of
  total rare earth material consumption due to the
  rapidly increasing demand in China, which
  accounts for approximately 60 of the global rare
  earth consumption.
• China highly dominates the market, followed by
  Japan and other countries such as India,
  Australia, and Malaysia.
• Asia-Pacific was the largest consumer of rare
  earth elements in 2013, with estimated market
  revenue of over 3.74 billion.
• The region is also likely to witness the fastest
  growth in terms of consumption as a result of the
  growing industrialization and extraction
  activities in China.
• The major companies in the region of
  Asia-Pacific are Inner Mongolia Baotou Steel
  Rare-Earth Hi-Tech Co Ltd. (China) and
  MinmetalsGanzhou Rare Earth Co. Ltd.
• http//www.micromarketmonitor.com/market/asia-paci
  fic-rare-earth-metals-8699602155.html

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