Rare Earth Metals Market to experience an impressive growth of 6.5% during 2016-2021

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Rare Earth Metals Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Rare Earth Metals Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2016-2021.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

The Global Rare Earth Metals Market: Highlights
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.

1The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by Segments
• by Material Type : Lanthanum Oxide, Cerium and Others
• by Applications : Permanent Magnets, Catalysts and Others
• by Sales Channel : Direct Sales and Distributors
• by Region : North America, Europe, Asia-Pacific, and RoW

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Market Segments
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 of the global rare earth metals market. 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 global 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.

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.

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This release was published on openPR.