Rare earth metals (REM) are chemical elements belonging to the lanthanides group and include scandium and yttrium. Scandium and yttrium are considered as rare earth metal (REM) as they exhibit similar chemical properties. These are metals are available in abundant except radioactive promethium.
This report examines the global rare earth metals market and provides information regarding the revenue (USD Million) and volume (Kilo Tons) for the period 2014 to 2021. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.
- Growing demand from permanent magnet industry
- Growing market for rare earth metal catalysts
- Strong demand for rare earth metals in China
- Phosphors market driving demand for terbium, europium and yttrium
- Environmental risks
- Depleting reserves
- Extraction of rare earth metals is capital intensive
- Development into engineering nanocomposites
Report includes a detailed analysis on value chain in order to provide a holistic view of the rare earth metals market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the rare earth metals industry, from raw material suppliers to end-users.
Porter’s five forces model has been used to depict the impact of various factors such as:
- Bargaining power of buyers
- Bargaining power of suppliers
- Degree of competition
- Threat of substitutes
- Threat of new entrants during the forecast period
Market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.
The rare earth metals market has further been segmented based on type such as lanthanum, praseodymium, cerium, neodymium, samarium, promethium, europium, dysprosium, holmium, gadolinium, terbium, thulium, scandium, yttrium, erbium, ytterbium and lutetium. The study provides forecast and estimates market for each type in terms of revenue and volume during the forecast period from 2015 to 2021. Each type has been further analyzed based on regional and country levels from 2014 to 2021 in terms of volume and revenue.
The rare earth metals market has been segmented based on applications such as magnets, catalyst, metallurgy, ceramics, phosphors, glass and polishing. The study provides forecast and estimates market for each application in terms of revenue and volume during the forecast period from 2015 to 2021. Each application has been further analyzed based on regional and country levels from 2014 to 2021 in terms of volume and revenue.
In terms of geography, the rare earth metals market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
The report also offers a competitive landscape of the overall market with company profiles of players such as Alkane Resources Ltd., Arafura Resources Ltd., Avalon Rare Metals Inc., Baotou Hefa Rare Earth Co. Ltd., Canada Rare Earth Corporation, China Minmetals Rare Earth Co. Ltd., Great Western Minerals Group Ltd., Indian Rare Earth, Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co., Lynas Corporation Ltd. and Molycorp Inc. A detailed description of the each company has been included and includes information in terms of headquarters, inception, stock listing, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments provides a thorough idea about the competitive positioning of market players. The report also provides rare earth metals market's mergers/acquisitions, partnerships, collaborations, new product lunches, new product developments and other industry developments.
Combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific Details on methodology used for this report can be provided on demand.
SEGMENTATIONS IN REPORT:
Rare Earth Metals By Type:
Rare Earth Metals By Application:
Rare Earth Metals By Geography:
- Asia Pacific
- North America
- Latin America
- Middle East And Africa