Press release
Global Rare Metals Market to Witness a Pronounce Growth During 2025
This report focuses on the key global Rare Metals players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Rare Metals with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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A rare-earth element (REE) or rare-earth metal (REM), as defined by IUPAC, is one of a set of seventeen chemical elements in the periodic table, specifically the fifteen lanthanides, as well as scandium and yttrium. Scandium and yttrium are considered rare-earth elements because they tend to occur in the same ore deposits as the lanthanides and exhibit similar chemical properties. For the same set of mineralogical, chemical, physical (especially electron shell configuration), and related reasons, a broader definition of rare earth elements including the actinides is encountered in some cases. Thorium is a significant component of monazite and other important rare earth minerals, and uranium and decay products are found in others. Both series of elements begin on the periodic table in group 3 under yttrium and scandium.
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.
In 2019, the market size of Rare Metals is 11000 million US$ and it will reach 20600 million US$ in 2025, growing at a CAGR of 8.2% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
Market Segment by Manufacturers, this report covers
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.
Market Segment by Type, covers
Cerium
Dysprosium
Erbium
Europium
Gadolinium
Holmium
Lanthanum
Lutetium
Neodymium
Others
Market Segment by Applications, can be divided into
Magnets
Colorants
Alloys
Optical Instruments
Catalysts
Others
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Related Information:
North America Rare Metals Market Growth 2019-2024
United States Rare Metals Market Growth 2019-2024
Asia-Pacific Rare Metals Market Growth 2019-2024
Europe Rare Metals Market Growth 2019-2024
EMEA Rare Metals Market Growth 2019-2024
Global Rare Metals Market Growth 2019-2024
China Rare Metals Market Growth 2019-2024
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