Rare Earth Metals Market Showing 9% CAGR Growth to 2024: Company Profiles & Trends Analysis
Rare earth metals are a group of 17 elements, which are found in geological deposits, and share similar properties. Some of the most abundant metals in the world are neodymium, cerium, and lanthanum. All the rare earth metals are classified into two groups, namely light rare earth's (LRE's), and heavy rare earth's (HRE's).
Rare Earth Metals Market will exceed USD 20 billion by 2024; according to a new research study published.
Request a sample copy of Rare Earth Metals Market Research Report @ https://www.marketstudyreport.com/request-a-sample/758003/?utm_source=OPR-SK
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.
High performance of rare earth magnets at very high temperatures, coupled with high corrosion resistance will significantly help the market to grow at a higher rate over the forecast period. These factors will also increase the demand for rare earth's in wind turbine applications, as other metals cannot substitute them.
Inconsistencies in rare earth metal supply and demand is the significant restraint to the growth of global rare earth metals market over the forecast period. As majority of the global rare earth production capacity is in China, it is becoming difficult for the other countries to rely more on China, and causing huge disturbances in trading. Also, small changes in the production of rare earth metals, will show some bigger changes in the prices of these metals, as the demand for these metals is established globally.
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.
Some of the key companies in the global rare earth metals market are Great Western Minerals, India Rare Earth Ltd., Avalon Rare Metals, and Canada Rare Earth Corporation among others.
For more information on this report, please visit @ https://www.marketstudyreport.com/reports/rare-earth-metals-market/?utm_source=FR-SK
Related Reports: -
Global Rare Earth Metals Market Research Report 2018
In this report, the global Rare Earth Metals market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. G...
More Reports @ https://thefinancialconsulting.com/author/chetan/
Centralize market research purchases across your entire organization in one place. Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Market Study Report
The Green Suite #4594,
Dover, DE 19901
US Toll Free: 1-866-764-2150
More Report at:http://reports.algosonline.com/
Connect with us:Google+ | LinkedIn | Twitter
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Rare Earth Metals Market Showing 9% CAGR Growth to 2024: Company Profiles & Trends Analysis here
News-ID: 968061 • Views: 288
More Releases from marketstudyreport.com
What's driving the Solar District Heating Market Trends? Savosolar. Goteberg Ene …
Market Study Report, LLC’s, latest study on ‘Solar District Heating market’ features a holistic view of the market size, market share, profit estimates, SWOT analysis and the regional landscape of the business. The report precisely expounds key challenges and future growth prospects of the market, while highlighting the current competitive scene and analyzes the expansion strategies adopted by leading market players. Solar District Heating Market share is set to surpass USD
What's driving the Structural Steel Market trends? Gerdau S.A, ArcelorMittal, Ta …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Blockchain Technology Market Trends? Deloitte, BTL Group Ltd. …
A detailed study on ‘Blockchain Technology Market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Antidiabetics Market trends? Sanofi, Bayer Corporation, Novar …
A detailed study on ‘Antidiabetics market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in the
More Releases for Rare
Global Rare Hematology Market
https://www.qandqmarketresearch.com/report-sample/rare-hematology2018-market-70 The Global and Chinese Rare Hematology Industry, 20132023 Market Research Report is a professional and indepth study on the current state of the global Rare Hematology industry with a focus on the Chinese market. The report provides key statistics on the market status of the Rare Hematology manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Firstly, the report provides a basic
Global Rare Earth Metals Market 2017 - Beifang Rare Earth, Xiamen Tungsten, Sunl …
Rare Earth Metals Market 2017 Industry research report provides important information to identify and analyze the market need, market size and competition. This market research report used in maintaining competitiveness over competitors. Scope of the Report: This report focuses on the Rare Earth Metals in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Global Rare Earth Metals Market 2017 - Sunlux Rare Metal, Beifang Rare Earth, Ji …
Global Rare Earth Metals Industry 2017 report introduced size, share, trends, conditions, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth, SWOT analysis, investment feasibility analysis, and investment return analysis etc. Global Rare Earth Metals Industry is an accurate and quality research study on the Global Rare Earth Metals market. This report is based on the briefings and interviews conducted with product manufacturers and their consumers,
Global Rare Earth Metals Market 2017- Beifang Rare Earth, Jiangtong Rare Earth, …
Global Rare Earth Metals Industry 2017 is a comprehensive, professional report delivering market research data that is relevant for new market entrants or established players. Key strategies of the companies operating in the market and their impact analysis have been included in the report. Furthermore, a business overview, revenue share, and SWOT analysis of the leading players in the Rare Earth Metals market is available in the report. Download Sample Report
RARE 24k Therapy Creme
Introducing Rare 24k Therapy: When NSAIDS, toxic pain killers, chiropractors and heating pads aren’t giving you enough, add RARE 24K Therapy Crème to your doctor prescribed regime. A new, natural, and scientifically proven, gold skincare remedy that delivers non-toxic pain relief to people suffering with arthritis, muscle strains, or joint pain. Press Release – December 2016 SALT LAKE CITY - RARE, 24k Gold Therapy Crème offers deep therapeutic relief using newly
Rare Books Auction - Biblical Rarities
Hamburg, 04 September, 2014 (kk) – It is nothing less than one of the most important German early woodcut books. Now the printed German edition of the “Neunte Deutsche Bibel”, the only one by Anton Koberger, godfather of Albrecht Dürer, will be sold in the auction of Rare Books at Ketterer Kunst in Hamburg on 17/18 November. The remarkably well-preserved copy from 1483 was executed in a pleasing new type.