“Rare Earth Metals market is valued at $10 billion in 2020” says new Visiongain report

04 December 2019

Visiongain has launched a new advanced material report Rare Earth Metals Market Report 2020-2030: Forecasts by Product Type (Cerium, Lanthanum, Neodymium, Praseodymium, Yttrium, Dysprosium, Samarium, Europium, Gadolinium, Terbium and others) and by Application (Permanent Magnets, Metal Alloys, Catalysts, Polishing Rare, Phosphors, Glass Additives, Ceramics and Others) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.

The Rare Earth Metals market is in the growth stage. Rare Earth Metals industry has witnessed extraordinary growth in the last decade. Advances in Rare Earth Metals have made possible some applications that looked improbable and difficult to achieve only a few years ago. The current wave of Rare Earth Metals has enabled technology to perform all sorts of tasks. Rare-earth metals are particularly used in low-carbon technologies. Some important uses of rare-earth elements are applicable to the production of high-performance magnets, catalysts, alloys, glasses, and electronics. Rare earth metals are used in many devices that people use every day such as computer memory, DVDs, rechargeable batteries, cell phones, catalytic converters, magnets, fluorescent lighting and much more.

The Visiongain report analyst commented "Rare Earth Metals market is expected to witness a high growth on account of ongoing plans of many companies in various applications. Nowadays, rare earth metals have become integral to many industrial, commercial and residential purposes. Though rare earth metals are used in very small volumes, they provide high performance or longevity benefits. Through the development of new products and technologies traditional applications will continue to generate significant demand for rare earth metal market.

Production of hybrid electric vehicles and full electric vehicles is projected to increase from 2.4 million units in 2016 to over 11.2 million units in 2026 as almost all major automotive manufacturers have developed HEV and EV models. This relative growth in the electric vehicle production is likely to drive the demand for rare earth metals such as neodymium-iron-boron magnets. Moreover, application of several rare earth metals in the automotive industry will generate huge demand for the market in the future. Lanthanum is widely utilized in the manufacturing of rechargeable batteries in hybrid cars, fluid catalytic cracking catalysts to produce gasoline, as a glass for camera, lenses, laser and x-ray films to reduce radiation exposure."

Leading companies featured in the report who are developing Rare Earth Metals include Alkane Resources Ltd, Arafura Resources, China Minmetals Rare Earth Co.,, Canada Rare Earth Corporation, Neo Performance Materials Inc, Lynas Corporation Ltd, Iluka Resources Limited., China Northern Rare Earth (Group), High-Tech Co.,Ltd, Galaxy Resources Limited, Critical Elements Corp., Avalon Advanced Materials Inc., and other international players in the Rare Earth Metals market.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Smart Glass and Smart Windows Market Report 2021-2031

Some of the major factors fuelling the growth of global market include rise in adoption of smart glass in automotive sector and increase in demand of smart glass in commercial and residential building.

05 February 2021


Visiongain Publishes Hot Melt Adhesives Market Report 2021-2031

Rising demand for corrugated packaging and nonwoven hygiene products is expected to give hot melt adhesives a potential opportunity over the forecast period. Hot melt adhesives (HMAs) do not need drying or curing, unlike solvent based adhesives or water-based adhesives.

05 February 2021


Visiongain Publishes Construction Equipment Market Report 2020-2030

The construction equipment market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of construction equipment.

09 September 2020


Visiongain publishes Steel Market Report 2020-2030

Increasing automotive production mainly in China, Indonesia, Japan, Malaysia, and Taiwan is expected to propel the demand for steel in the coming years.

19 December 2019