November 2, 2020

Rare Earth Metals Market Projected to Witness Vigorous Expansion by 2020 to 2027

The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.

Key Drivers of the Rare Earth Metals Market:

The significant factors contributing to the growth of the global rare earth metals market include rising demand from developing countries, the dependency of ‘Green Technology’ on unique earth elements and increasing adoption of rare earth metal across verticals such as in magnet. Moreover, due to technological advancement, rare earth metals are largely adopted in consumer goods & electronics such as readers, cell smartphones, computers, and cameras. For example, Neodymium is used in hard drives, smartphones, televisions, and rechargeable batteries. The increasing government initiative to decrease carbon emission upsurges the demand for electric cars, further projected to boost the growth of rare earth metals market.

Rare earth metals such as Neodymium and praseodymium based rare earth permanent magnets are used to manufacture batteries. In addition to this, growing demand for rare earth metals to improve performance with decreased weight, lower emission, along with energy consumption with higher efficiency, speed, performance, thermal stability, and durability, will propel the market growth. On the other hand, inconsistent availability of rare earth metals is hindering the growth of the market.

To know more about this market, request a sample at https://www.gmiresearch.com/report/rare-earth-metals-market/sample-request

This report splits the rare earth metals market as follows:

By Type:

  • Lanthanum
  • Cerium
  • Praseodymium
  • Neodymium
  • Samarium
  • Europium
  • Gadolinium
  • Terbium
  • Dysprosium
  • Yttrium
  • Others

By Application:

  • Permanent Magnets
  • Catalysts
  • Glass Polishing
  • Phosphors
  • Ceramics
  • Metal Alloy
  • Glass Additives
  • Others

By Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

Competitive Landscape:

The rare earth metals market report also scans the competitive landscape and profiles the major players operating in the market, including Avalon Advanced Materials Inc., Alkane Resources Ltd., Great Western Minerals Group, Arafura Resources Ltd., China Rare Earth Holdings, Chinalco Yunnan Copper Resources Ltd., Lynas Corporation Ltd., Indian Rare Earths Limited, Inner Mongolia Baotou Steel Rare Earth Hi-Tech Corporation, and Quest Rare Minerals Limited, among others.

Request for Customization at https://www.gmiresearch.com/report/rare-earth-metals-market/request-for-customization

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

Contact GMI Research

Company Name: GMI RESEARCH
EUROPE OFFICE: Level 1, The Chase Carmanhall Road,
Sandyford Industrial Estate,
Dublin D18 Y3X2, Ireland
Email: enquiry@gmiresearch.com
Website: https://www.gmiresearch.com