The
global rare earth metals market will grow at a CAGR of 13.0% from
2012 to 2018. This market was valued at $ 3.93 billion in 2012, and
is expected to reach $ 8.19 billion by 2018. Additionally, the
volumes of global rare earth metals are expected to go beyond 290
kilo tons by 2018. The report titled, “Rare Earth Metals Market -
Global Industry Analysis, Applications (Magnets, Catalysts,
Metallurgy, Phosphors, Ceramics & Others), Size, Share, Growth,
Trends and Forecast, 2012 - 2018”, is available for sale on the
company’s website.
Browse
Rare Earth Metals Market Report with Full TOC at
http://www.transparencymarketresearch.com/rare-earths.html
The
rare earth metals market is expected to grow at a steady rate in the
coming five years. The factors driving its growth are demand for
rechargeable batteries that are preferred for being recyclable,
portable equipments, electronics, permanent magnets, and computers.
Increasing demand for clean energy and action taken by the government
to ensure the same is another factor driving this market. Clean
technology also a reason for growth in the rare earth metals market.
However, in the same period, the rare earth metals market is likely
to witness a few challenges such as dominance of China in the market
and fluctuating costs.
One
of the biggest market share holders amongst the rare earth metals is
cerium oxide. Due to its application in significant quantities, it
held 40% of the total demand in 2013. This material was followed by
lanthanum oxide at 23.8% in the same period. Lanthanum oxide is
largely used in industries such as green technology, automotive, and
general industries such as electronics, and constructions.
Request
for sample report
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=823
The
report by Transparency Market Research studies the rare earth metals
market by its application, geography, and type. It specifically
studies North America, Europe, Asia-Pacific, and Rest of the World,
with focus on China. The report uses Porter’s five forces analysis
to point out threat from new entrants, threat from substitute
materials, bargaining power of buyers and suppliers, and intensity of
competitive rivalry.
The
report is comprehensive with complete sketch of competitive landscape
and company profiling. Some of the top players reviewed in this
report are Lynas Corporation Ltd., Inner Mongolia Baotou Steel Rare
Earth Hi-Tech Co, Indian Rare Earths, Great Western Minerals Group,
China Rare Earth Holdings, and Molycorp.
Browse
Press Release Of Rare Earth Metals Market
http://www.transparencymarketresearch.com/pressrelease/rare-earths.htm
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Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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