12 December 2018
Visiongain has launched a new Materials report Rare Earth Metals Market Report 2019-2029: 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 market for rare earth metals is driven by the increasing current and emerging applications, increased technological advancement and rising government initiatives towards clean energy. Thus, increased use of rare earth metals across the globe due to a wide range of end-user applications is one of the key factors responsible for growth of the rare earth metals market. However, fluctuating costs are expected to restrain the market during the forecast period.
The Visiongain report analyst commented "The Rare Earth Metals market is expected to witness a high growth on account of ongoing increased current and emerging applications, increased technological advancement, and rising government initiatives towards clean energy. The Rare Earth Metal market is also driven by key strategies adopted by the key players in this industry such as product enhancement; acquisitions & mergers; agreements & collaborations; and expansion. Product enhancement was the most commonly adopted strategy by the leading players in the Rare Earth Metals market."
Leading companies featured in the report who are manufacturing Rare Earth Metals include Inner Mongolia Baotou Steel and Rare Earth Co., Ltd, Neo Performance Materials Inc, China Minmetals Rare Earth Co., Ltd., Galaxy Resources Limited, Iluka Resources Limited, Critical Elements Corp, Alkane Resources Ltd, Arafura Resources, Lynas Corporation Limited, Avalon Advanced Materials Inc., Canada Rare Earth Corporation and Indian Rare Earths Limited.
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