Market Analysis: Global Rare Earth Metal Market
Global Rare Earth Metal Market is expected to rise to an estimated value of USD 17.49 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the high industrial growth being experienced from various end-use industries.
This market report acts as an authentic source of information which puts forth a telescopic view of the current market trends, situations, opportunities and status. The research studies accomplished in this Rare Earth Metal report helps to guess several important aspects that includes but are not limited to investment in a rising market, success of a new product, and expansion of market share. Rare Earth Metal market research report also offers details about consumer’s demands, preferences, and their variable likings about particular product. All the data and information, especially numerical data, involved in this market report has been represented very well in the form of graphs, charts or tables for the better understanding of users.
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- High levels of demand associated with the compounds due to their large range of applications; this factor is expected to fuel the growth of the market
- Growth in the levels of demand due to a renewed focus on clean energy and the usage of these metals in various applications associated with the development of clean energy; this factor is expected to propel the market growth
- Growing emergence of technologies in various industries resulting in increasing areas of applications for these metals is expected to boost the growth of the market
- Strict imposition from the authorities of China regarding the exports of rare earth elements amid rising levels of demand from their region is expected to result in vulnerable nature of prices globally due to the majority of China for these elements; this factor is expected to restrain the growth of the market
- Concerns regarding the illegal mining and exploration of these elements in the Asia-Pacific region also hinders the market growth
- Large area of applications of these metals amid lack of supply is creating a significant discrepancy in supply and demand hampers the growth of this market
Market Definition: Global Rare Earth Metal Market
Rare earth metals (REM), also known as rare earth elements (REE) are the collection of seventeen chemical elements in the environment. The term rare is given to them not due to the lack of abundance of these elements, rather their presence in the earth’s surface, they are quite difficult to explore as they are dispersed and not concentrated to a particular location.
Key Market Competitors:
- Minmetals Rare Earth Co., Ltd.;
- Alkane Resources Ltd;
- ARAFURA RESOURCES;
- Lynas Corporation Ltd;
- Avalon Rare Metals;
- Canada Rare Earth Corporation;
- IREL(INDIA) LIMITED;
- Greenland Minerals Ltd.;
- Iluka Resources Limited;
- Northern Minerals Limited;
- Rising Nonferrous Metals Co., Ltd;
- Rare Element Resources Ltd.;
- Krakatoa Resources Limited;
- JIANG XI SOUTH RARE EARTH HI-TECH CO,.LTD and China Rare Earth Holdings Limited among others.
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Segmentation: Global Rare Earth Metal Market
By Material Type
- Lanthanum Oxide
- Permanent Magnets
- Glass Polishing
- Optical Instruments
- Glass Additives
By Sales Channel
- Direct Sales
- North America
- South America
- Middle East and Africa
Global rare earth metal market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of rare earth metal market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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Key questions answered in the Global Rare Earth Metal Market report include:
- What will be Rare Earth Metal market share and the forecast for 2019-2026?
- What are the key factors compelling the worldwide Rare Earth Metal market?
- Who are the key players in the world Rare Earth Metal industry?
- What are the factors impacting the revenue and production growth of the Rare Earth Metal market?
- What are the opportunities & challenges in the Rare Earth Metal industry?
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