Rare Earth Metals Market 2021, by Services, Company Profiling, Business Revenue, and Growth Opportunities to 2027

The Rare Earth Metals Market report covers a comprehensive market analysis by product types, end-user applications, sales channels, and geographical location. This  Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. 

The Rare Earth Metals Market industry 2020 research report has described Forecasted Compound Annual growth Rate (CAGR) in terms of % value for specified period, it will clearly help user to take their decision depending on the futuristic chart including key players in Rare Earth Metals Market . The report dissects the Inorganic Rare Earth Metals Market into different segments including to provide a clear understanding of the various aspects of the market.

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Top Players In Rare Earth Metals Market Industry:Lynas Corporation Ltd., Avalon Advanced Materials Inc., Greenland Minerals Ltd., Iluka Resource Limited, and Alkane Resources Ltd.

Geographically, the report remembers the exploration for creation, utilization, income, Rare Earth Metals Market piece of the pie and development rate, and conjecture (2020-2027) of the accompanying regions:
• United States, China, Japan, India, Other Regions
• Europe (Germany, UK, France, Italy, Spain, Russia, Poland)
• Southeast Asia (Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)
• Central and South America (Brazil, Mexico, Colombia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)

Market Dynamics
Factors such as rapid industrialization and increasing population, coupled with growing manufacturing and automotive industries are boosting demand for rare earth metals in the market. According to Brookings Institution, China was the leading market in terms of manufacturing output, with over US$ 2.0 trillion output in 2017, followed by the U.S. and Japan, contributing US$ 1.8 trillion and US$ 1.0 trillion, respectively. The manufacturing industry is expected to grow in the near future, which in turn is likely to increase demand for rare earth metals during the forecast period.

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Market Outlook
• Based on applications, glass & electronics segment dominated the global rare earth metals in 2017, owing to the usage of these metals in glass polishing and tinting, fiber optics, lasers, and display phosphors (LCD and plasma screens, compact fluorescent lamps, cathode ray tubes, and medical imaging). According to Manufacturers’ Association for Information Technology (MAIT), the India electronics industry emerged as the significant market in 2017. As a result, the demand for rare earth metals is likely to grow from the India electronics industry. Furthermore, REE is the focus of recent times, attributing to its contribution to modern technologies including screen of smartphones and televisions, and batteries of electric and hybrid cars.
• Asia Pacific held the dominant position in the global rare earth metals market in 2017, owing to large consumption and application of rare earth metals in manufacturing and electronics industries in emerging economies such as India and China in the region. China being the largest producer across the globe contributing for approximately 95-97% of the overall supply of rare earth metal in 2017. The governments of various countries are undertaking various initiatives to condense environment hazards. For instance, China imposed a ban on excessive mining activities in order to reduce resource exploitation.
• According to the U.S. Department of Energy, the demand for critical REEs (Neodymium, Europium, Dysprosium, Terbium, and Yttrium) is predicted to grow during the near future. In addition, environmental hazards associated with mining have compelled countries like China to impose a ban on excessive mining activities to reduce resource exploitation.

Market Taxonomy
On the basis of metal, the global rare earth metals market is segmented into:
• Cerium
• Dysprosium
• Erbium
• Europium
• Gadolinium
• Holmium
• Lanthanum
• Lutetium
• Neodymium
• Praseodymium
• Promethium
• Samarium
• Scandium
• Terbium
• Thulium
• Ytterbium
• Yttrium

On the basis of application, the global rare earth metals market is segmented into:
• Magnets
• Catalysts
• Alloys
• Glass & Electronics
• Others (Ceramics, Phosphors, and Additives)

Reasons to Buy this Report:
• Industry Size & Forecast: Estimations on the global Rare Earth Metals Market industry size on the basis of value and volume are provided in this part of the report
• Study on Key Industry Trends: This section offers deep insights into the prevailing and upcoming Rare Earth Metals Market trends
• Segmental Analysis: Here, the report has examined the high-growth segments including product type, application, and end users, taking into account their CAGR, share, and size
• Future Prospects: Current Rare Earth Metals Market developments and future opportunities estimated to emerge in the Rare Earth Metals Market industry are looked into in this portion of the study
• Geography-wise Analysis: The authors of the report have studied the regions having growth potential to help companies plan their future investments
Study on Competitive Landscape: The industry experts have offered thorough information about the strategic tactics adopted by the industry participants to consolidate their position. This assessment will help the players to strategize their activities in future.

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