Published by Coherent Market Insights
Posted on September 29, 2021
Rare earth metals (REM) are the group of seventeen metallic elements that have distinctive luminescent, magnetic, and chemical properties, which makes it significant in varied high-technology industries, especially in low-carbon technologies. According to the International Union of Pure and Applied Chemistry (IUPAC), the REM or rare earth elements (REE) consists of Cerium (Ce), Dysprosium (Dy), Erbium (Er), Europium (Eu), Gadolinium (Gd), Holmium (Ho), Lanthanum (La), Lutetium (Lu), Neodymium (Nd), Praseodymium (Pr), Promethium (Pm), Samarium (Sm), Scandium (Sc), Terbium (Tb), Thulium (Th), Ytterbium (Yb), and Yttrium (Y).
Rare earth elements (REE) are used in applications such as glasses & polishing, metallurgical alloys, magnets, catalysts, magnets, ceramics, phosphors, and others. Growing sales of the automotive industry are expected to boost demand for rare earth metals from 2018 to 2025. Moreover, rare earth metals are used for chemical processing such as petroleum refinement as an industrial catalyst.
Top Key Players in Rare Earth Metals market: Lynas, Corporation, Ltd., Avalon, Advanced, Materials, Inc., Greenland, Minerals, Ltd., Iluka, Resource, Limited, and, Alkane, Resources, Ltd.
The scope of the Report:
The report segments the global Rare Earth Metals Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Rare Earth Metals Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Rare Earth Metals market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
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.
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.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Rare Earth Metals market business opportunities, regional outlook and forecast to 2025 appeared first on Gatorledger.
Rare earth metals (REM) are the group of seventeen metallic elements that have distinctive luminescent, magnetic, and chemical properties, which makes it significant in varied high-technology industries, especially in low-carbon technologies. According to the International Union of Pure and Applied Chemistry (IUPAC), the REM or rare earth elements (REE) consists of Cerium (Ce), Dysprosium (Dy), Erbium (Er), Europium (Eu), Gadolinium (Gd), Holmium (Ho), Lanthanum (La), Lutetium (Lu), Neodymium (Nd), Praseodymium (Pr), Promethium (Pm), Samarium (Sm), Scandium (Sc), Terbium (Tb), Thulium (Th), Ytterbium (Yb), and Yttrium (Y).
Rare earth elements (REE) are used in applications such as glasses & polishing, metallurgical alloys, magnets, catalysts, magnets, ceramics, phosphors, and others. Growing sales of the automotive industry are expected to boost demand for rare earth metals from 2018 to 2025. Moreover, rare earth metals are used for chemical processing such as petroleum refinement as an industrial catalyst.
Top Key Players in Rare Earth Metals market: Lynas, Corporation, Ltd., Avalon, Advanced, Materials, Inc., Greenland, Minerals, Ltd., Iluka, Resource, Limited, and, Alkane, Resources, Ltd.
The scope of the Report:
The report segments the global Rare Earth Metals Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Rare Earth Metals Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Rare Earth Metals market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
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.
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.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Rare Earth Metals market business opportunities, regional outlook and forecast to 2025 appeared first on Gatorledger.
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