Rare Earth Metals Market is Projected to Grow at 5.6% CAGR over the Next Five Years

Stratview Research has published a new research report on Rare Earth Metals Market. This extensive report by Stratview Research analyses the growth of Rare Earth Metals Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021 under the following segments -
· by Material Type (Lanthanum Oxide, Cerium, Praseodymium, Neodymium, Samarium
Europium, Gadolinium, Terbium, Dysprosium, Yttrium and Other),
· by Application Type (Permanent Magnets, Catalysts, Glass Polishing, Phosphors, Ceramics, Metal Alloy, Glass Additives and Others),
· by Sales Channel (Direct Sales and Distributors),and
· by Region (North America, Europe, Asia-Pacific, and Rest of the World)

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Rare Earth Metals Market: Highlights & Drivers
The global rare earth metals market offers a good growth opportunity and is likely to grow at 5.6% CAGR during the forecast period of 2016 to 2021. Cerium oxide is the most dominant rare earth metal accounting for 38% of the market in 2015, followed by Lanthanum oxide with 24% share. Cerium oxide and Lanthanum oxide are cheaper than other rare earth metals and are widely used in the metal alloys, catalysts, and glass phosphors.

Top three applications (permanent magnets, metal alloys, and catalysts), together accounted for 60% of the global rare earth metals market in 2015 and will continue to remain the dominant applications during the forecast period. Permanent magnets are likely to remain the growth engine during the forecast period driven by increasing penetration in traditional applications as well as emerging applications.

Asia-Pacific is expected to remain the largest consumer
China owns the largest reserves of the rare earth metals worldwide. China is both the leading producer as well as the consumer of rare earth metals. Imposition of restrictions on China’s export and growing rare earth metals demand within China would create a demand supply gap in the rare earth metals market worldwide.

The rare earth metals market is likely to witness significant changes in the coming years
New sources of supply are scheduled to be developed across the globe. China, which is the major producer of rare earth metals worldwide, is witnessing consolidation by state owned enterprises. China owns the largest reserves of the rare earth metals followed by Brazil. China will continue to remain the largest producer during the forecast period.

Top Key Players
There is a presence of small to large scale producers of rare earth metals in China and worldwide. The key rare earth metal manufacturers are Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co Ltd., Molycorp Inc, China Minmetals Rare Earth Co. Ltd, Great Western Minerals Group Ltd., Alkane Resources Ltd, Arafura Resources Ltd., Lynas Corp., Avalon Rare Metals, Canada Rare Earth Corporation, and India Rare Earth Ltd.

Why Stratview Research
Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● Rare Earth Metals Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2010 – 2015) and forecast analysis (2016 -2021) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.

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This release was published on openPR.