Rare Earth Metals Market Research Report 2019-2025 | Key Players are luka Resources Limited, Lynas Corporation, Northern Minerals Limited,Neo Performance Materials Inc., Avalon Rare Metals, Great Western Minerals Group Ltd.

Global Market Insights, Inc. presents an extensive report on Rare Earth Metals Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

According to a new research report by Global Market Insights, Inc. Rare Earth Metals Market size will exceed USD 20 billion by 2024

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In automobile industry, the demand for rare earth magnets is highly increasing, and this will positively affect the rare earth metals market growth globally over the projected period. Hybrid and electric vehicles are increasing, as the need for proper energy consumption is increasing. Due to the increasing electricity costs, the demand for clean energy is also increasing, creating an ample of opportunities for the growth of renewable energy generators such as wind turbines.

Wind turbines majorly utilize rare earth metals for the construction of internal components, and their motors require rare earth magnets, as they provide much strength than traditional magnets, and this will in turn show a significant effect on the global rare earth metals market growth. Advantages such as improved performance at high temperatures, and resistance to corrosion are causing the wind turbine manufacturers to utilize rare earth metals, which in turn favoring the market growth. Lack of substitutes for rare earth magnets for high performance in wind turbines are also causing an additional boost to the market growth over the entire forecast period.

Irregularities in the supply of these metals act as a significant factor restraining the global rare earth metals market growth. As the product concentration is majorly in China, huge range of trade disturbances are occurring, as other countries are heavily relying on it for meeting their domestic product demand. This is causing fluctuations in rare earth metal prices, and in addition to this, minor changes in rare earth production, will have bigger consequences globally.

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Regarding metals, cerium has the major market volume. Rising utilization in batteries, and catalyst applications will assist the consumption of these metals over the anticipated timespan. By revenue, the metal neodymium recorded a major market value in 2016, having a share of more than 30%. In terms of market growth, this segment will increase at CAGR of more than 8.2% in the projected time.

Regarding application, magnet applications had the leading share in both market revenue, and as well as volume till the projected period. Increasing applications in electric vehicles favor the market growth by end of projected period. Catalyst had the second major market in 2016, and it had a 23% share in the global rare earth metals market.

Geographically, Asia Pacific regional market had the maximum share in 2016. Increasing industrialization activities in emerging nations like China, Japan, and India will drive the APAC rare earth metals market by 2024.

Partial Chapter of the Table of Content:
Chapter 3. Rare Earth Metals Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Profit margin
3.3.2. Value addition
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key manufacturers/suppliers
3.3.4.2. List of key/potential customers
3.4. Raw material trends
3.4.1. U.S.
3.4.2. China
3.4.3. Europe
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. High demand for clean energy
3.5.1.2. Growing demand from emerging technologies such as electric vehicles, and hybrid vehicles
3.5.2. Industry pitfalls & challenges
3.5.2.1. Discrepancies in supply and demand
3.5.2.2. Fluctuating prices
3.5.2.3. Illegal mining activities in China
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Competitive landscape
3.8.1. Company market share, 2016
3.8.2. Strategy dashboard
3.8.3. Patent analysis
3.9. Porter’s analysis
3.9.1. Buyer’s power
3.9.2. Supplier’s power
3.9.3. Threat of substitutes
3.9.4. Threat of new entrants
3.9.5. Degree of competition
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.1.1. R&D cost
3.10.1.2. Manufacturing & equipment cost
3.10.1.3. Raw material cost
3.10.1.4. Distribution cost
3.10.1.5. Operating cost
3.10.1.6. Miscellaneous cost
3.10.2. Price by metal
3.10.3. Price by application
3.11. PESTEL analysis

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In global rare earth metals market, major companies are Canada Rare Earth Corp., India Rare Earth, Great Western Minerals, Avalon Rare Metals, and Lynas Corp., among others.

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