Rare Earth Metals Market to Witness High Growth in near future: Leading Key Players like Iluka Resources Limited, Lynas Corporation, Ltd, Greenland Minerals and Energy Ltd, Northern Minerals Limited, Alkane Resources Ltd, Rising Nonferrous Metals Co., Ltd

The newly released research at Market Study Report titled “2017-2024 Global Rare Earth Metals Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

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.

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The report extensively bifurcates the various contenders of Global Rare Earth Metals market. Prominent contributors such as Iluka Resources Limited, Lynas Corporation, Ltd, Greenland Minerals and Energy Ltd, Northern Minerals Limited, Alkane Resources Ltd, Rising Nonferrous Metals Co., Ltd, Arafura Resources Ltd, Canada Rare Earth Corporation, China Minmetals Rare Earth Co., Ltd, Indian Rare Earths Limited, Neo Performance Materials Inc, Avalon Rare Metals, Great Western Minerals Group Ltd have been scrutinized in terms of their financials, strengths, weaknesses, potential threats in the market, and future opportunities.

Meticulously analyzed in terms of pivotal industry segments, Global Rare Earth Metals market report effectively covers the scope of this space in terms By Metal, By Application and the prominent contributors. Additionally, the report also outlines intricate details regarding the lucrative opportunities that industry contenders can expect in conjunction with the potential threats that have been envisioned for this business sphere in the forthcoming years.

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.

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.

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Growing demand for magnets in automobiles, and energy generation will majorly contribute to the growth of global rare earth metals market over the forecast period. The demand for rare earth magnets is majorly increasing by their consumption in electric and hybrid vehicles, and wind turbines. Increasing focus on utilizing clean and renewable energy is giving a substantial pressure on the electricity providers, to generate energy through renewable sources, which in turn will show a positive impact on the growth of this market.

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.

Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Rare Earth Metals Industry Insights

Chapter 4. Rare Earth Metals Market, Metals By Metals

Chapter 5. Rare Earth Metals Market, By Application

Chapter 6. Rare Earth Metals Market, By Region

Chapter 7. Company Profiles

For More Details on this Report At: https://www.marketstudyreport.com/reports/rare-earth-metals-market

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