Rare Earth Metals Market- Opportunities in Key Application Sectors by 2024
Request For Sample Copy Of This Report @
Rare Earth Metals Market size will exceed USD 20 billion by 2024; according to a new research report by Global Market Insights, Inc.Rare earth metals are a group of 17 elements, which are found in geological deposits, and share similar properties. Some of the most abundant metals in the world are neodymium, cerium, and lanthanum. All the rare earth metals are classified into two groups, namely light rare earth’s (LRE’s), and heavy rare earth’s (HRE’s).
High performance of rare earth magnets at very high temperatures, coupled with high corrosion resistance will significantly help the market to grow at a higher rate over the forecast period. These factors will also increase the demand for rare earth’s in wind turbine applications, as other metals cannot substitute them.
Inconsistencies in rare earth metal supply and demand is the significant restraint to the growth of global rare earth metals market over the forecast period. As majority of the global rare earth production capacity is in China, it is becoming difficult for the other countries to rely more on China, and causing huge disturbances in trading. Also, small changes in the production of rare earth metals, will show some bigger changes in the prices of these metals, as the demand for these metals is established globally.
Cerium, and lanthanum are found out to be the major metals in terms of volume over the forecast period. Growing consumption in catalytic, and battery applications has led the segmental market to grow over the forecast period. By revenue, neodymium had the highest market share in 2016, with a market share of over 30%. It will dominate the global rare earth metals market till the end of projected period. Neodymium market will grow at a CAGR of 8.2% from 2017 to 2024.
Browse complete summary of this report @
By applications, magnets held the dominant market share in terms of both volume, and revenue over the forecast period. This segment grows at a CAGR of more than 8.2% in terms of revenue, and 7.2% in terms of market volume. Catalysts application segment has the second largest market share in terms of both volume, and revenue in the global rare earth metals market. In 2016, the catalysts application segment contributed a share of more than 23% share of the global rare earth metals market.
In terms of region, the Asia Pacific region has the lion’s share of the global rare earth metals market. Rapid industrialization in the developing countries like India, and China, coupled with high consumption in China, due to strict regulations regarding clean energy production drives the regional rare earth metals market till the end of the forecast period.
Some of the key companies in the global rare earth metals market are Great Western Minerals, India Rare Earth Ltd., Avalon Rare Metals, and Canada Rare Earth Corporation among others.
Browse Complete Table of Contents @
Chapter 2. Executive Summary
2.1. Rare Earth Metals industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Metals trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Rare Earth Metals Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Profit margin
3.3.2. Value addition
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
188.8.131.52. List of key manufacturers/suppliers
184.108.40.206. List of key/potential customers
3.4. Raw material trends
3.5. Industry impact forces
3.5.1. Growth drivers
220.127.116.11. High demand for clean energy
18.104.22.168. Growing demand from emerging technologies such as electric vehicles, and hybrid vehicles
3.5.2. Industry pitfalls & challenges
22.214.171.124. Discrepancies in supply and demand
126.96.36.199. Fluctuating prices
188.8.131.52. Illegal mining activities in China
3.6. Regulatory trends
3.7. Growth potential analysis
3.8. Competitive landscape
3.8.1. Company market share, 2016
3.8.2. Strategy dashboard
3.8.3. Patent analysis
3.9. Porter’s analysis
3.9.1. Buyer’s power
3.9.2. Supplier’s power
3.9.3. Threat of substitutes
3.9.4. Threat of new entrants
3.9.5. Degree of competition
3.10. Regional price trends
3.10.1. Cost structure analysis
184.108.40.206. R&D cost
220.127.116.11. Manufacturing & equipment cost
18.104.22.168. Raw material cost
22.214.171.124. Distribution cost
126.96.36.199. Operating cost
188.8.131.52. Miscellaneous cost
3.10.2. Price by metal
3.10.3. Price by application
3.11. PESTEL analysis
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1 888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rare Earth Metals Market- Opportunities in Key Application Sectors by 2024 here
News-ID: 1104025 • Views: 139
More Releases from Global Market Insights Inc.
U.S. Baghouse Filters Market Growth Forecast & Industry Share Report to 2024 | L …
Global Market Insights recently introduced report on U.S. Baghouse Filters Market delivers a holistic view on market valuations, market size, profit estimations, SWOT analysis and regional landscape of the market. In addition, the report points out key challenges and growth opportunities, while examining the current competitive standings of key players in during the forecasted timeline. According to Global Market Insights, Inc., “U.S. baghouse filters market for the woodworking industry, which
Earthmoving Equipment Market Trends Research and Growth Projections to 2023 | To …
Global Market Insights recently introduced report on Earthmoving Equipment Market delivers a holistic view on market valuations, market size, profit estimations, SWOT analysis and regional landscape of the market. In addition, the report points out key challenges and growth opportunities, while examining the current competitive standings of key players in during the forecasted timeline. Introduction of new technologies such as real-time monitoring for detecting system failure are predicted to fuel
Asphalt Mixing Plants Market 2019 – 2024 | Growth Analysis by Regional Players …
Global Market Insights recently introduced report on Asphalt Mixing Plants Market delivers a holistic view on market valuations, market size, profit estimations, SWOT analysis and regional landscape of the market. In addition, the report points out key challenges and growth opportunities, while examining the current competitive standings of key players in during the forecasted timeline. Most of the automakers are expanding their regional presence across Asia Pacific, pertaining to the
Wood Based Panel Market is anticipated to witness a massive proliferation by 202 …
Increasing deforestation has lead towards the global warming which has boosted the demand growth for efficient and effective utilization of timber. This is expected to fuel the Wood Based Panel Market demand over the forecast period. In addition, technological innovation and advancement along with the mounting efficiency in manufacturing is likely to bolster the demand from 2016 to 2023. However, rapid increases in the cost pertaining to the petroleum based
More Releases for Rare
Global Rare Hematology Market
https://www.qandqmarketresearch.com/report-sample/rare-hematology2018-market-70 The Global and Chinese Rare Hematology Industry, 20132023 Market Research Report is a professional and indepth study on the current state of the global Rare Hematology industry with a focus on the Chinese market. The report provides key statistics on the market status of the Rare Hematology manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Firstly, the report provides a basic
Global Rare Earth Metals Market 2017 - Beifang Rare Earth, Xiamen Tungsten, Sunl …
Rare Earth Metals Market 2017 Industry research report provides important information to identify and analyze the market need, market size and competition. This market research report used in maintaining competitiveness over competitors. Scope of the Report: This report focuses on the Rare Earth Metals in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Global Rare Earth Metals Market 2017 - Sunlux Rare Metal, Beifang Rare Earth, Ji …
Global Rare Earth Metals Industry 2017 report introduced size, share, trends, conditions, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth, SWOT analysis, investment feasibility analysis, and investment return analysis etc. Global Rare Earth Metals Industry is an accurate and quality research study on the Global Rare Earth Metals market. This report is based on the briefings and interviews conducted with product manufacturers and their consumers,
Global Rare Earth Metals Market 2017- Beifang Rare Earth, Jiangtong Rare Earth, …
Global Rare Earth Metals Industry 2017 is a comprehensive, professional report delivering market research data that is relevant for new market entrants or established players. Key strategies of the companies operating in the market and their impact analysis have been included in the report. Furthermore, a business overview, revenue share, and SWOT analysis of the leading players in the Rare Earth Metals market is available in the report. Download Sample Report
RARE 24k Therapy Creme
Introducing Rare 24k Therapy: When NSAIDS, toxic pain killers, chiropractors and heating pads aren’t giving you enough, add RARE 24K Therapy Crème to your doctor prescribed regime. A new, natural, and scientifically proven, gold skincare remedy that delivers non-toxic pain relief to people suffering with arthritis, muscle strains, or joint pain. Press Release – December 2016 SALT LAKE CITY - RARE, 24k Gold Therapy Crème offers deep therapeutic relief using newly
Rare Books Auction - Biblical Rarities
Hamburg, 04 September, 2014 (kk) – It is nothing less than one of the most important German early woodcut books. Now the printed German edition of the “Neunte Deutsche Bibel”, the only one by Anton Koberger, godfather of Albrecht Dürer, will be sold in the auction of Rare Books at Ketterer Kunst in Hamburg on 17/18 November. The remarkably well-preserved copy from 1483 was executed in a pleasing new type.