Rare Earth Metals Market Quadruples by 2023; with a ~ 8.84 % of Whooping CAGR | Lynas, Shanxi Guanlu Co Ltd, Rare Earth Metals Inc, Avalon Rare Metals, Neo Performance Materials, Iluka Resources, Great Western Minerals Group Ltd, Arafura Resources and Alk

Crystal Market Research has announced the addition of "Rare Earth Metals Market Analysis and Forecasts 2018-2023" Market Research report to their database.

The Rare Earth Metals Market was worth USD 7.56 billion in 2014 and is expected to reach approximately USD 16.21 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 8.84% during the forecast period.

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Rare Earth Metals Market - Competitive Insights:

The leading players in the market are Lynas, Shanxi Guanlu Co Ltd, Rare Earth Metals Inc, Avalon Rare Metals, Neo Performance Materials, Iluka Resources, Great Western Minerals Group Ltd, Arafura Resources and Alkane Resources. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

Rare Earth Metals Market - Outlook and Trend Analysis:

The rare earth metals market incorporates 17 components that are significantly discovered together in Earth's crust, and reflect comparable properties. Extraction and processing of these components from their metal structures to isolate minerals is a complex procedure and requires major investments. Lanthanum, cerium, and neodymium are the all the commonly occurring rare earth components. Samarium and praseodymium are light uncommon earth metals and promptly found when contrasted with the overwhelming uncommon earth metals, for example, europium, gadolinium, holmium, terbium, thulium, dysprosium, erbium, lutetium, and ytterbium that are less abundant. Because of varieties in chemical, physical, molecular and application attributes, diverse rare earth metals have their own particular market drivers and difficulties.

Rare Earth Metals Market - Metal Outlook and Trend Analysis:

Lanthanum and cerium are anticipated to encounter higher demand than other rare earth metals, as they have significant applications in catalytic, and battery applications. Moreover, the inexpensive nature of these two metals will likewise help their applications to develop in the upcoming years. On the basis of revenue, scandium, and neodymium are anticipated to witness higher market incomes, as their costs are high contrasted with different metals.

The Rare Earth Metals Market is segmented as follows-

Rare Earth Metals Market - By Region:

North America - U.S, Canada, Mexico
Europe - Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Rare Earth Metals Market - Regional Outlook and Trend Analysis:

Asia Pacific is the major producer, customer, and the quickest developing in the rare earth metals market. The Asia Pacific rare earth metals market income will develop at a tremendous CAGR over the estimated period. China is the major purchaser of rare earths in the whole Asia Pacific locale. The requirement for uncommon rare metals in China is anticipated to grow significantly over the gauge time frame.

Rare Earth Metals Market - By Metal: Cerium, Lanthanum, Lutetium, Dysprosium, Holmium, Erbium, Terbium, Thulium, Europium, Promethium, Samarium, Scandium, Gadolinium, Neodymium, Praseodymium, Ytterbium, Yttrium

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Rare Earth Metals Market - By Application: Magnets, Optical Instruments, Colorants, Alloys, Catalysts

Rare Earth Metals Market - Application Outlook and Trend Analysis:

Magnets application section is anticipated to have the significant market volume, trailed by catalysts, and alloys. Expanding usage of rare earth magnets in electric vehicles, turbine generators, electric motors, and different automobiles will drive the interest for rare earth magnets, and contribute altogether to the development of uncommon earth metals market.

Rare Earth Metals Market - Table of Contents:

1. Introduction
2. Executive Summary
3. Market Overview
4. Market Analysis by Regions
5. Rare Earth Metals Market, By Metal
6. Rare Earth Metals Market, By Application
7. Rare Earth Metals Market, By Region
8. Company Profiles
9. Global Rare Earth Metals Market Competition, by Manufacturer
10.Rare Earth Metals Market Forecast (2018-2023)

What our report offers:

- Market share assessments for the regional and country level segments

- Market share analysis of the top industry players

- Strategic recommendations for the new entrants

- Strategic recommendations in key business segments based on the market estimations

- Competitive landscaping mapping the key common trends.

- Company profiling with detailed strategies, financials, and recent developments

- Supply chain trends mapping the latest technological advancements

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