Rare Earth Metals Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024

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• Rare Earth Metals Market-

GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2016-2024
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REPORT DESCRIPTION
Rare Earth Metals MarketOverview
Rare earth metals are a group of seventeen
metallic elements, including fifteen lanthanides,
with atomic numbers 57 (lanthanum, La) to 71
(lutetium, Lu), together with yttrium (Y, atomic
number 39) and scandium (Sc, atomic number 21).
Cerium oxide, an abundantly found rare earth
metal, is used as a catalyst in catalytic
converters and various metal alloys to reduce
emission in automotive exhaust system. Rare
earth metals enhance the efficiency of industrial
processes such as catalytic cracking, chemical
catalysis, glass manufacturing, automotive
emission control, energy storage, energy
efficient electrical motors, manufacturing
lighter and less brittle steel alloys, energy
efficient fluorescent lamps acoustic devices, and
military and defense electronics. These metals
are also used in positron emission tomography
(PET) scan, magnetic resonance imagery (MRI)
contrast agents, x-ray tubes, nuclear medicine
imaging, and portable x-ray machines, for
application in genetic screening tests, medical
cancer treatment applications, and dental lasers.
Rare earth metals have unique luminescent,
magnetic, and electrochemical properties,
exhibiting reduced emissions, weight, and energy
consumption, due to which they are increasingly
being used in advanced technologies.
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REPORT DESCRIPTION
Rare Earth Metals MarketOutlook
The market in Asia Pacific is expected to witness
rapid growth over the forecast period. According
to The Wall Street Journal, China produces around
90 share of the total rare earth metals
globally. The growth of the market in this region
is thus attributed to high number of rare earth
metal resources found in countries such as China
and India. In India, the production of rare
earth metals is under the control of the Indian
Rare Earths Limited (IREL), a governmental
undertaking under the administrative control of
the department of Atomic Energy. According to
Scientific American, India is authorizing a plant
to produce up to 5,000 tons of rare earth metals
per year, which would help India to contribute
around 5 percent to the global supply of the rare
earth metals. Increasing demand for renewable
energy such as hybrid automobiles, next
generation rechargeable batteries, wind turbines,
and biofuel catalysts are expected to boost
growth of the rare earth metals market, which are
used in such application. However, fluctuating
prices of these metals, use of alternative
substances, and challenging mining of metals due
to their unusual concentrations, are expected to
restrain growth of the rare earth metal
market. Request Sample of Rare Earth Metals
Market https//www.coherentmarketinsights.com/ins
ight/request-sample/293
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REPORT DESCRIPTION
Rare Earth Metals MarketSegmentation

• On the basis of product type, the global rare
  earth metals market is segmented into
• Cerium,
• Neodymium
• Lanthanum
• Praseodymium
• Yttrium
• Europium
• Samarium
• On the basis of applications, the global rare
  earth metals market is segmented into
• Phosphors
• Polishing
• Metals Alloys
• Magnets
• Additives
• Batteries
• Catalysts
• To know the latest trends and insights prevalent
  in this market, click the link below_at_
  https//www.coherentmarketinsights.com/ongoing-ins
  ight/rare-earth-metals-market-293

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REPORT DESCRIPTION
Rare Earth Metals MarketKey Players

• Lynas Corporation
• Avalon Rare Metals Inc
• Greenland Minerals and Energy
• Iluka Resources Ltd.
• Alkane Resources Limited
• Rock Tech Lithium Inc.
• Artemis Resources Limited
• Great Western Minerals Group.

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