Lanthanum Market Expecting Worldwide Growth & Expansion by 2021

Lanthanum is a rare earth chemical element which is classified under the group of seventeen rare earth metals of the periodic table. The metal is found in certain rare earth minerals, generally in combination with cerium and other rare earth elements. Lanthanum is used in an extensive range of applications such as catalysts, ignition elements in lighters, medicines, and tig welding electrodes among others.

A sample of this report is available upon request @ www.persistencemarketresearch.com/samples/4321

The global market for lanthanum has been experiencing noticeable growth with lanthanum being the most widely used rare earth metal after cerium in various automotive and aerospace applications. The significant presence of rare earth metals in emerging regions such as Asia Pacific has led to a tremendous demand for lanthanum from various industries such as hybrid electric vehicles and consumer electronics.

Numerous factors such as the growth of the electronics, electric vehicle and the automotive industry are expected to drive the demand for lanthanum over the next few years. Growing market share of rare earth metal catalysts has also contributed to the growth of the market. However, factors such as environmental risk regarding the production of rare earth metals as well as depleting reserves all over the world are expected to slow down the growth of the market. Recycling of rare earth metals from E-waste are expected to compensate for the environmental risks generated from conventional production processes, thereby providing new opportunities to the growth of the lanthanum market.

Asia Pacific was the largest consumer for lanthanum owing to their availability of raw materials, especially in countries such as Japan and China. Future market growth is expected to be from North America owing to decreasing dependency on Chinese exports. The market condition for the production and exploration of rare earth oxides in North America, particularly the U.S. has become favorable owing to decreased Chinese exports.

Request to view Table of content @ www.persistencemarketresearch.com/toc/4321

Beijing Cerametek Materials, Cathay Advanced Materials Limited, Haihang Industry, Less Common Metals, and Sigma-Aldrich Corporation are some of the key players dominating the lanthanum industry.

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Persistence Market Research Pvt. Ltd.
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com

This release was published on openPR.