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Transparency Market Research published new
market report "Rare Earth Metals (Lanthanum, Cerium, Neodymium,
Europium, Yttrium, Scandium, Terbium & Other Key Elements) Market - Global
Industry Analysis, Applications (Magnets, Catalysts, Metallurgy, Phosphors,
Ceramics & Others), Size, Share, Growth, Trends and Forecast, 2012 - 2018," which observes that the rare earth metals
demand was worth USD 3.93 billion in 2012 and is expected to reach USD 8.19
billion by 2018, growing at a CAGR of 13.0% from 2012 to 2018. In terms of
volumes, global rare earth metals demand is expected to cross 290 kilo tons by
2018.
Browse the full report at http://www.transparencymarketresearch.com/rare-earths.html
Increasing
applications in permanent magnets, rechargeable batteries and catalysts for
reducing pollution, electronics, portable equipments and computers are expected
to drive rare earth metals demand over the next five years.
Key application
segments analyzed in this study include magnets, catalysts, metallurgy,
ceramics, phosphors, and glass and polishing. Magnets and metallurgy
applications dominated the rare earth metals consumption, together accounting
for 40.9% of the total consumption in 2011. This study provides a comprehensive
analysis of seventeen key rare earth metals including lanthanum, praseodymium,
cerium, neodymium, samarium, promethium, europium, dysprosium, holmium,
gadolinium, terbium, thulium, scandium, yttrium erbium, ytterbium, and
lutetium. Cerium, lanthanum and neodymium are the most widely consumed rare
earth metals and together accounted for 82.9% of the total volumes consumed in
2011. The demand for praseodymium, neodymium, and dysprosium is primarily
driven by the increasing demand for permanent magnets and rechargeable
batteries. Europium, yttrium and terbium are extensively used in phosphors for
a host of applications in the electronic industry.
Asia Pacific
dominated the global market, accounting for 79.5% of global volumes in 2011,
followed by North America and Europe. China was the largest regional market for
rare earth metals in Asia, accounting for over 50% of total volumes in 2011,
both in terms of consumption as well as production. Regional demand for magnets
and the growing metallurgy industry are expected to drive the Asia Pacific
market in the near future.
Inner Mongolia
Baotou Steel Rare Earth Hi-Tech Co, Arafura Resources, Alkane Resources, Great
Western Minerals Group, Avalon Rare Metals, Rare Elements Resources Ltd,
Greenland Rare Earth and Energy Ltd, China Rare Earth Holdings, Indian Rare
Earths, Lynas Corporation Ltd., Molycorp, and Chinalco Yunnan Copper Resources
Ltd., are some of the major manufacturers of rare earth metals.
Rare earth metal market by
product type:
- Lanthanum
- Praseodymium
- Cerium
- Neodymium
- Samarium
- Promethium
- Europium
- Dysprosium
- Holmium
- Gadolinium
- Terbium
- Thulium
- Scandium
- Yttrium
- Erbium
- Ytterbium
- Lutetium
Rare earth metals market by
application:
- Magnets
- Catalyst
- Metallurgy
- Ceramics
- Phosphors
- Glass
- Polishing
Rare earth metals market by
geography:
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
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Transparency
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