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Rare earth metals Market by Products, Applications & Regional Growth by 2019-2024

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Title: Rare earth metals Market by Products, Applications & Regional Growth by 2019-2024


1
Rare Earth Metals Market Growth Outlook with
Industry Review and Forecast 2019-2025
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2
Global Market Scenario of Rare Earth Metals
Industry
  • In automobile industry, the demand for rare earth
    metals is highly increasing, and this will
    positively affect the rare earth metals market
    growth globally over the projected period. Hybrid
    and electric vehicles are increasing, as the need
    for proper energy consumption is increasing. Due
    to the increasing electricity costs, the demand
    for clean energy is also increasing, creating an
    ample of opportunities for the growth of
    renewable energy generators such as wind
    turbines.
  • Wind turbines majorly utilize rare earth metals
    for the construction of internal components, and
    their motors require rare earth magnets, as they
    provide much strength than traditional magnets,
    and this will in turn show a significant effect
    on the global rare earth metals market growth.
    Advantages such as improved performance at high
    temperatures, and resistance to corrosion are
    causing the wind turbine manufacturers to utilize
    rare earth metals, which in turn favoring the
    market growth.
  • Irregularities in the supply of these metals act
    as a significant factor restraining the global
    rare earth metals market growth. As the product
    concentration is majorly in China, huge range of
    trade disturbances are occurring, as other
    countries are heavily relying on it for meeting
    their domestic product demand. This is causing
    fluctuations in rare earth metal prices, and in
    addition to this, minor changes in rare earth
    production, will have bigger consequences
    globally.

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3
Continue-
  • Regarding metals, cerium has the major market
    volume. Rising utilization in batteries, and
    catalyst applications will assist the consumption
    of these metals over the anticipated timespan. By
    revenue, the metal neodymium recorded a major
    market value in 2016, having a share of more than
    30. In terms of market growth, this segment will
    increase at CAGR of more than 8.2 in the
    projected time.
  • Regarding application, magnet applications had
    the leading share in both market revenue, and as
    well as volume till the projected period.
    Increasing applications in electric vehicles
    favor the market growth by end of projected
    period. Catalyst had the second major market in
    2016, and it had a 23 share in the global rare
    earth metals market.

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4
Request for sample copy of this research report_at_
https//bit.ly/2pfTWpB
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www.gminsights.com
5
360 Industry Analysis
  • Geographically, Asia Pacific regional market had
    the maximum share in 2016. Increasing
    industrialization activities in emerging nations
    like China, Japan, and India will drive the APAC
    rare earth metals market by 2024.
  •  

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6
  • Competitive Analysis
  • In global rare earth metals market, major
    companies are Canada Rare Earth Corp., India Rare
    Earth, Great Western Minerals, Avalon Rare
    Metals, and Lynas Corp., among others.

Make An Inquiry For This Report
_at_https//bit.ly/33mTrMT
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7
Latest Research Report On Rare Earth Metals
Market_at_ https//bit.ly/2FGiI9V Request for
sample of this research report_at_
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customization https//bit.ly/2AXb75J
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