HOME Top Market Reports Rare Earth Metals Market by Type (Lanthanum, Cerium, Neodymium, Praseodymium, Samarium, Europium, & Others), and Application (Magnets, Metals Alloys, Polishing, Additives, Catalysts, Phosphors, & Others) - Global Trends & Forecast to 2018

Rare Earth Metals Market by Type (Lanthanum, Cerium, Neodymium, Praseodymium, Samarium, Europium, & Others), and Application (Magnets, Metals Alloys, Polishing, Additives, Catalysts, Phosphors, & Others) - Global Trends & Forecast to 2018

By: marketsandmarkets.com
Publishing Date: April 2014
Report Code: AD 2388

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Rare earth metals, owing to their various properties, find applications in a wide range of industries. These applications range from permanent magnets, metal alloys, phosphors, catalysts, polishing to glass additives and others. Rare earth permanent magnets are expected to be the prime growth markets over the next 5 to 10 years. The application of rare earth magnets in wind turbines is expected to be another major growth factor for the global rare earth metals market over the long term.

The demand for rare earth metals is estimated to reach 192,000 tons by 2018. Lanthanum oxide and cerium oxide capture a maximum share of around 62% of the market share in the global rare earth oxides. Lanthanum and cerium which are cheaper than other oxides are widely used in modern technologies, such as the manufacturing of catalytic converters used for automobiles.

Asia-Pacific captures maximum share in rare earth consumption due to rapidly increasing demand in China which accounts for approximately 60% of the global consumption. China is the single dominant supplier of the rare earth elements. Due to increasing China’s export restrictions and growing internal demand, there may be a cause of concern for the supply of rare earth elements across the globe.

This report studies and forecasts the rare earth elements till 2018. The market is further segmented and forecasted for major geographic regions such as North America, Europe, Asia–Pacific, and Rest of the World. Market estimations have been provided in terms of consumption volume (tons) and market revenue (USD). The global as well as regional markets have been segmented by applications such as permanent magnets, metal alloys, glass polishing, glass additives, catalysts, phosphors, ceramics, and others.
The rare earth metals market has also been segmented on the basis of rare earth metals types such as lanthanum oxide, cerium oxide, praseodymium oxide, neodymium oxide, samarium oxide, europium oxide, gadolinium oxide, terbium oxide, dysprosium oxide, yttrium oxide, and others. Each type has been discussed with respect to applications and geographies.

For this report, various secondary sources such as directories, technical handbooks, company annual reports, industry association publications, rare earth magazine articles, world economic outlook, trade websites, and databases have been referred to identify and collect information useful for this extensive commercial study of the industrial solvents market. The primary sources, experts from related industries and suppliers, have been interviewed to obtain and verify critical information as well as to assess future prospects and estimations for the rare earth metals market.

This report analyzes various marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, burning issues, and winning imperatives. Major companies such as Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co Ltd.(China), Molycorp Inc.(U.S.), China Minmetals Rare Earth Co. Ltd. (China),and Great Western Minerals Group Ltd.(Canada), Alkane Resources Ltd(Australia), Arafura Resources Ltd.(Australia), Lynas Corp.(Australia), Avalon Rare Metals(Canada), Canada Rare Earth Corporation(Canada), and India Rare Earth Ltd.(India) have also been profiled in this report.

Scope of the report

On the basis of region:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

On the basis of application:

  • Permanent magnets
  • Metal alloys
  • Polishing
  • Glass additives
  • Catalysts
  • Phosphors
  • Ceramics
  • Others

On the basis of type

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

Table of Contents
 
1 Introduction (Page No. - 19)
    1.1 Objectives
    1.2 Report Description
    1.3 Markets Covered
    1.4 Stakeholders
    1.5 Research Methodology
          1.5.1 Market Size
          1.5.2 Key Data Points Taken From Secondary Sources
          1.5.3 Major Secondary Sources Used
          1.5.4 Assumptions Made For This Report

2 Executive Summary (Page No. - 25)

3 Premium Insights (Page No. - 27)
    3.1 Market Segmentation
    3.2 Asia-Pacific – The Best Market to Invest
    3.3 Permanent Magnets – Growing At The Fastest Rate
    3.4 China – The Region Dominating The Consumption Worldwide

4 Market Overview (Page No. - 33)
    4.1 Introduction
    4.2 Value Chain Analysis
          4.2.1 Mining & Rare Earth Ore Production
          4.2.2 Separation of Rare Earth Ore to Form Rare Earth Oxides
          4.2.3 Refining of The Rare Earth Oxides
          4.2.4 Applications
          4.2.5 End-User Industries
    4.3 Market Dynamics
          4.3.1 Drivers
                  4.3.1.1 High Demand in The Current & Emerging Applications
                  4.3.1.2 Increasing Demand of Clean Energy
                  4.3.1.3 Initiatives of Associations & Regulatory Bodies
                  4.3.1.4 Increasing Economy & Population Trends
          4.3.2 Restraints
                  4.3.2.1 Fluctuating Costs of Rare Earth Metals
                  4.3.2.2 Dominance of China in Market
                  4.3.2.3 Illegal Mining in Rare Earth Metal Ores
          4.3.3 Opportunities
                  4.3.3.1 Recycling and Reuse of Rare Earth Metals
    4.4 Winning Imperatives
    4.5 Pricing Analysis
    4.6 Market Share Analysis
    4.7 Porter’s Five Forces Analysis
          4.7.1 Supplier’s Power
          4.7.2 Buyer’s Power
          4.7.3 Threat of New Entrants
          4.7.4 Threat of Substitutes
          4.7.5 Degree of Competition

5 Rare Earth Metals Market, By Type (Page No. - 60)
    5.1 Introduction
    5.2 Lanthanum
          5.2.1 Lanthanum Oxide Market Size, By Application
                  5.2.1.1 Fluid Catalytic Cracking Captures The Maximum Share
          5.2.2 Lanthanum Oxide Market Size, By Geography
                  5.2.2.1 Asia-Pacific Captures The Maximum Share
    5.3 Cerium
          5.3.1 Cerium Oxide Market Size, By Application
                  5.3.1.1 Automobile Catalytic Converters Capture The Maximum Share
          5.3.2 Cerium Oxide Maket Size, By Geography
                  5.3.2.1 China, Japan Leading Countries in Cerium Consumption
    5.4 Praseodymium
          5.4.1 Praseodymium Oxide Market Size, By Application, 2011–2018 (Tons)
          5.4.2 Praseodymium Oxide Market Size, By Geography, 2011–2018 (Tons of REO)
                  5.4.2.1 Apac Will Grow At A High CAGR
    5.5 Neodymium
          5.5.1 Neodymium Oxide Market Size, By Application
                  5.5.1.1 Neodymium Magnets Capture The Maximum Market Size in Terms of Volume
          5.5.2 Neodymium Oxide Market Size, By Geography
                  5.5.2.1 Europe Will Grow At A Slow CAGR
    5.6 Samarium
          5.6.1 Samarium Oxide Market Size, By Application
                  5.6.1.1 Battery Alloys Capture The Market
          5.6.2 Samarium Oxide Market Size, By Geography
                  5.6.2.1 North America Captures The Second-Largest Share
    5.7 Europium
          5.7.1 Europium Oxide Market Size, By Application
                  5.7.1.1 Phosphors Captures The Largest Market Share
          5.7.2 Europium Oxide Market Size, By Geography
                  5.7.2.1 Apac Captures The Maximum Share
    5.8 Gadolinium
          5.8.1 Gadolinium Oxide Market Size, By Application
                  5.8.1.1 Neodymium Magnets Captures The Largest Market Share
          5.8.2 Gadolinium Oxide Market Size, By Geography
                  5.8.2.1 Asia-Pacific Captures The Maximum Share
    5.9 Terbium
          5.9.1 Terbium Oxide Market Size, By Application, 2011–2018 (Tons of REO)
                  5.9.1.1 Phosphors Captures The Largest Market Share
          5.9.2 Terbium Oxide Market Size, By Geography
                  5.9.2.1 Apac Will Grow At A High CAGR
    5.10 Dysprosium
          5.10.1 Dysprosium Oxide Market Size, By Application, 2011–2018 (Tons of REO)
                  5.10.1.1 Neodymium Magnets-Captures The Largest Share
          5.10.2 Dysprosium Oxide Market Size, By Geography 2011–2018 (Tons)
                  5.10.2.1 North America Captures Second Largest Share
    5.11 Yttrium
          5.11.1 Yttrium Oxide Market Size, By Application
                  5.11.1.1 Glass Additives Will Experience Slow Growth
          5.11.2 Yttrium Oxide Market Size, By Geography
                  5.11.2.1 U.S.-The Leading Country Is North America
    5.12 Others

6 Rare Earth Metals Market, By Application (Page No. - 105)
    6.1 Introduction
    6.2 Rare Earth Metals Market Analysis
          6.2.1 Permanent Magnets
                  6.2.1.1 Introduction
                            6.2.1.1.1 Permanent Magnet Market By Type
                            6.2.1.1.2 Permanent Magnet Market By Geography
          6.2.2 Catalysts
                  6.2.2.1 Introduction
                  6.2.2.2 Catalyst Market By Type
                            6.2.2.2.1 Automotive Catalyst
                            6.2.2.2.2 Fluid Cracking Catalyst
                  6.2.2.3 Catalyst Market By Geography
          6.2.3 Glass Polishing
                  6.2.3.1 Introduction
                  6.2.3.2 Glass Polishing Market By Type
                  6.2.3.3 Glass Polishing Market By Geography
          6.2.4 Phosphors
                  6.2.4.1 Introduction
                  6.2.4.2 Phosphors Market, By Type
                  6.2.4.3 Phosphors Market By Geography
          6.2.5 Ceramics
                  6.2.5.1 Introduction
                  6.2.5.2 Ceramics Market, By Type
                  6.2.5.3 Ceramics Market By Geography
          6.2.6 Metal Alloy
                  6.2.6.1 Introduction
                  6.2.6.2 Metal Alloy Market By Type
                            6.2.6.2.1 Alloys
                            6.2.6.2.2 Battery Alloys
                                        6.2.6.2.2.1 Alloys (Excluding Batteries)
                  6.2.6.3 Metal Alloy Market By Geography
          6.2.7 Glass Additives
                  6.2.7.1 Introduction
                  6.2.7.2 Glass Additives Market By Type
                  6.2.7.3 Glass Additives Market By Geography
          6.2.8 Others
                  6.2.8.1 Introduction
                  6.2.8.2 Others Market By Type
                  6.2.8.3 Others Market By Geography

7 Rare Earth Metals Market, By Geography (Page No. - 153)
    7.1 Introduction
    7.2 Asia-Pacific
          7.2.1 China
          7.2.2 Japan
          7.2.3 Others
          7.2.4 Asia-Pacific: Rare Earth Metals Market Size, By Type
                  7.2.4.1 Cerium Oxide Cracking Captures The Maximum Share
          7.2.5 Asia-Pacific: Rare Earth Metals Market Size, By Application
                  7.2.5.1 Permanent Magnets Capture The Maximum Share
          7.2.6 Asia-Pacific: Rare Earth Metals Market Size, By Country
                  7.2.6.1 China Captures The Maximum Share
    7.3 North America
          7.3.1 Canada
          7.3.2 U.S.
          7.3.3 North America: Rare Earth Metals Market Size, By Type
                  7.3.3.1 Terbium Oxide Demand Is Expected To See Rapid Growth
          7.3.4 North America: Rare Earth Metals Market Size, By Application
                  7.3.4.1 Catalysts Captures The Maximum Market Share in Terms of Volume
          7.3.5 North America: Rare Earth Metals  Market Size, By Country
                  7.3.5.1 U.S. Captured The Highest Market Share
    7.4 Europe
          7.4.1 Europe: Rare Earth Metals Market Size, By Type
                  7.4.1.1 The Terbium Oxide Will Have Highest Growth
          7.4.2 Europe: Rare Earth Metals Market Size, By Application
                  7.4.2.1 Catalysts Capture The Maximum Share
    7.5 Rest of The World
          7.5.1 Brazil
          7.5.2 ROW: Rare Earth Metals Market Size, By Type
                  7.5.2.1 Terbium Oxide Has The Highest Expected Growth Rate
          7.5.3 ROW: Rare Earth Metals Market Size, By Application
                  7.5.3.1 Catalysts Capture The Maximum Share
          7.5.4 ROW: Rare Earth Metals Market Size, By Country
                  7.5.4.1 Brazil Captures The Maximum Share

8 Competitive Landscape (Page No. - 172)
    8.1 Introduction
    8.2 Strategic Developments
          8.2.1 Partnership & Collaboration, Most Preferred Strategic Approach
          8.2.2 North America, The Most Active Region
          8.2.3 Great Western Minerals Group Ltd. (Saskatoon, Canada) & Molycorp inc. (U.S.), The Most Active Participants
                  8.2.3.1 Partnership & Collaboration
                  8.2.3.2 Capacity Expansion
                  8.2.3.3 New Product Developments
                  8.2.3.4 Agreements

9 Company Profiles (Overview, Financial*, Products & Services, Strategy, and Developments) (Page No. - 190)
    9.1 Alkane Resources Ltd.
    9.2 Arafura Resources Ltd.
    9.3 Avalon Rare Metals Inc.
    9.4 Baotou Hefa Rare Earth Co. Ltd.
    9.5 Canada Rare Earth Corporation
    9.6 China Minmetals Rare Earth Co. Ltd.
    9.7 Great Western Minerals Group Ltd.
    9.8 Indian Rare Earth
    9.9 Lynas Corporation Ltd.
    9.10 Molycorp Inc.

*Details Might Not Be Captured in Case of Unlisted Companies.


List of Tables (103 Tables)

Table 1 Rare Earths & Their Key Applications
Table 2 Historical and Projected Gdp Growth Rate, By Region (Compound Annual Average Growth Rate)
Table 3 Major Recycling Activities
Table 4 Rare Earth Growth Strategies, By Important Players
Table 5 Prices of REO For The Period, 2011-2013 ( $/Ton)
Table 6 REO Market Size, By Type, 2011–2018 (Tons of REO)
Table 7 REO Market Size, By Type, 2011–2018 ($Million)
Table 8 Lanthanum’s General Properties
Table 9 Lanthanum Oxide Market Size, By Application, 2011–2018 (Tons of REO)
Table 10 Lanthanum Oxide Market Size, By Application, 2011–2018 ($Million)
Table 11 Lanthanum Oxide Market Size, By Geography, 2011–2018 (Metric Tons of REO)
Table 12 Cerium’s General Properties
Table 13 Cerium Oxide Market Size, By Application, 2011-2018 (Metric Tons of REO)
Table 14 Cerium Oxide Market Size, By Application, 2011-2018 ($Million)
Table 15 Cerium Oxide Market Size, By Geography, 2011—2018 (Tons of REO)
Table 16 Praseodymium’s General Properties
Table 17 Praseodymium Oxide Market Size, By Application, 2011–2018 (Tons)
Table 18 Praseodymium Oxide Market Size, By Application, 2011–2018 ($Million)
Table 19 Praseodymium Oxide Market Size, By Geography, 2011–2018 (Tons of REO)
Table 20 Neodymium’s General Properties
Table 21 Neodymium Oxide Market Size, By Application, 2011–2018 (Tons of REO)
Table 22 Neodymium Oxide Market Size, By Application, 2011–2018 ($Million)
Table 23 Neodymium Oxide Market Size, By Geography, 2011–2018 (Tons of REO)
Table 24 Samarium’s General Properties
Table 25 Samarium Oxide Market Size, By Application, 2011–2018 (Tons of REO)
Table 26 Samarium Oxide Market Size, By Application, 2011–2018 ($Million)
Table 27 Samarium Oxide Market Size, By Geography, 2011–2018 (Tons of REO)
Table 28 Europium’s General Properties
Table 29 Europium Oxide Market Size, By Application, 2011–2018 (Tons of REO)
Table 30 Europium Oxide Market Size, By Application, 2011–2018 ($Million)
Table 31 Europium Oxide Market Size, By Geography, 2011–2018 (Tons of REO)
Table 32 Gadoliniums General Properties
Table 33 Gadolinium Oxide Market Size, By Application, 2011–2018 (Tons of REO)
Table 34 Gadolinium Oxide Market Size, By Application, 2011–2018 ($Million)
Table 35 Gadolinium Oxide Market Size, By Geography, 2011–2018 (Tons of REO)
Table 36 Terbium’s General Properties
Table 37 Terbium Oxide Market Size, By Application, 2011–2018 (Tons of REO)
Table 38 Terbium Oxide Market Size, By Application, 2011–2018 ($Million)
Table 39 Terbium Oxide Market Size, By Geography, 2011–2018 (Tons of REO)
Table 40 Dysprosium’s General Properties
Table 41 Dysprosium Oxide Market Size, By Application, 2011–2018 (Tons)
Table 42 Dysprosium Oxide Market Size, By Application, 2011–2018 ($Million)
Table 43 Dysprosium Oxide Market Size, By Geography, 2011–2018 (Tons of REO)
Table 44 Yttrium’s General Properties
Table 45 Yttrium Oxide Market Size, By Application, 2011–2018 (Tons of REO)
Table 46 Yttrium Oxide Market Size, By Application, 2011–2018 ($Million)
Table 47 Yttrium Oxide Market Size, By Geography, 2011–2018 (Tons of REO)
Table 48 REO Market Size, By Application, 2011-2018 (Tons of REO)
Table 49 REO Market Size, By Application, 2011–2018 ($Million)
Table 50 Companies That offer Samarium Cobalt Magnets & Neodymium-Iron-Boron Magnets (Ndfeb)
Table 51 Magnetic Properties of Ndfeb Magnets
Table 52 REO in Permanent Magnet Market Size,By Type, 2011-2018 (Tons of REO)
Table 53 REO in Permanent Magnet Market Size, By Type, 2011-2018 ($Million)
Table 54 REO in Permanent Magnet: Market Size, By Geography, 2011-2018(Tons of REO)
Table 55 REO in Catalyst Market Size, By Type, 2011–2018 (Tons of REO)
Table 56 REO in Catalysts: Market Size, By Type, 2011–2018 ($Million)
Table 57 REO in Automotive Catalyst: Market Size, By Type, 2011–2018 (Tons of REO)
Table 58 REO in Automotive Catalyst: Market Size, By Type, 2011–2018 ($Million)
Table 59 REO in Fluid Cracking Catalyst: Market Size, By Type, 2011-2018 (Tons)
Table 60 REO in Fluid Cracking Catalyst: Market Value, By Type, 2011–2018 ($Million)
Table 61 REO in Fluid Cracking Catalyst: Market Size, By Type,2011–2018 (Tons)
Table 62 REO in Glass Polishing, Market Size, By Type, 2011–2018 (Tons of REO)
Table 63 REO in Glass Polishing, Market Size, By Type, 2011–2018 ($Million)
Table 64 REO Demand in Glass Polishing: Market Size, By Geography, 2011–2018 (Tons)
Table 65 REO in Phosphors, Market Size, By Type, 2011–2018 (Tons of REO)
Table 66 REO in Phosphors, Market Size, By Type, 2011–2018 ($Million)
Table 67 REO in Phosphors: Market Size,By Geography, 2011–2018 (Tons)
Table 68 Rare Earth Oxidein Ceramics: Market Size, By Type, 2011–2018 (Tons)
Table 69 REO in Ceramics, Market Size, By Type, 2011-2018 ($Million)
Table 70 REO in Ceramics: Market Size, 2011–2018 (Tons of REO)
Table 71 REO in Alloy, Market Size,By Type, 2011-2018 (Tons of REO)
Table 72 REO in Alloy, Market Value, By Type, 2011–2018 ($Million)
Table 73 Battery Alloys in Rare Earth Oxide Market Volume, By Type, 2011–2018 (Tons of REO)
Table 74 Battery Alloys in REO Market Value, By Type, 2011-2018 ($Million)
Table 75 REO in Alloys (Excluding Batteries), Market Size, By Type, 2011–2018 (Tons of REO)
Table 76 REO in Alloys (Excluding Batteries), Market Value, By Type, 2011–2018 ($Million)
Table 77 REO in Metal Alloy, Market Size, 2011–2018 (Tons of REO)
Table 78 REO in Glass Additives, Market Size, By Type, 2011–2018 (Tons of REO)
Table 79 REO in Glass Additives, Market Value, By Type, 2011–2018 ($Million)
Table 80 REO Demand in Glass Additives, Market Sizee, 2011–2018 (Tons of REO)
Table 81 REO in Other Applications: Market Size, By Type, 2011–2018 (Tons of REO)
Table 82 REO in Other Applications, Market Value, By Type, 2011–2018 ($Million)
Table 83 REO Demand in Other Applications: Market Size, 2011–2018 (Tons of REO)
Table 84 REO Market Size, By Geography, 2011–2018 (Tons of REO)
Table 85 Asia-Pacific: Rare Earth Oxide Market Size, By Type, 2011–2018 (Tons of REO)
Table 86 Asia-Pacific: Market Size, By Application, 2011–2018 (Tons of REO)
Table 87 Asia-Pacific: Market Size, By Country, 2011–2018 (Tons of REO)
Table 88 North America: Rare Earth Oxide Market Size, By Type, 2011–2018 (Tons of REO)
Table 89 North America: Market Size, By Application, 2011–2018 (Tons of REO)
Table 90 North America: Market Size, By Country, 2011–2018 (Tons of REO)
Table 91 Europe: Rare Earth Oxide Market Size, By Type, 2011–2018 (Tons of REO)
Table 92 Europe Market Size, By Application, 2011-2018 (Tons of REO)
Table 93 ROW: Market Size, By Type, 2011–2018 (Tons of REO)
Table 94 ROW: Market Size, By Application, 2011–2018 (Tons of REO)
Table 95 ROW: Market Size, By Country, 2011–2018 (Tons of REO)
Table 96 Partnership & Collaboration, 2010–2014
Table 97 Expansions, 2010–2014
Table 98 New Product Development, 2010-2014
Table 99 Agreements, 2010–2014
Table 100 Alkane Resources Ltd: Product Specification
Table 101 Baotou Hefa Rare Earth: Products Specification
Table 102 Indian Rare Earth Ltd: Products
Table 103 Molycorp Inc: Products


List of Figures (30 Figures)

Figure 1 Rare Earth Metals Market Share, By Geography, Type, & Application, 2013
Figure 2 Rare Earth Metals Market Segmentation
Figure 3 Rare Earth Metals Market: Growth Matrix, 2013-2018
Figure 4 Rare Earth Metals Market Size, By Types, 2013-2018
Figure 5 Rare Earth Metals Market Size, By Geography, 2013–2018
Figure 6 Rare Earth Metals Growth Strategies of Top Five Companies,2010–2014
Figure 7 Value Chain
Figure 8 Rare Earth Metals Demand, By Application, 2012
Figure 9 Rare Earth Metals Impact Analysis-Drivers, 2013-2018
Figure 10 Rare Earth Metals Wind Power Cumulative Capacity
Figure 11 Rare Earth Metals Impact Analysis-Restraints, 2013-2018
Figure 12 Rare Earth Metals Market Share Analysis of Companies, 2012
Figure 13 Porter’s Five Forces Analysis
Figure 14 Rare Earth Oxides Market Segmentation, By Application
Figure 15 REO Consumption For Permanent Magnet Market in 2013
Figure 16 REO Consumption For Catalyst Market in 2013
Figure 17 REO Consumption For Glass Polishing Market in 2013
Figure 18 REO Consumption For Phosphors Market in 2013
Figure 19 REO Consumption For Ceramics Market in 2013
Figure 20 REO Consumption For Metal Alloy Market in 2013
Figure 21 REO Consumption For Glass Additives industry in 2013
Figure 22 Competitive Developments, By Growth Strategies, 2010–2014
Figure 23 Competitive Developments, By Years, 2010–2014
Figure 24 Competitive Developments, By Geography, 2010–2014
Figure 25 Competitive Developments, By Companies, 2010–2014
Figure 26 Growth Strategies of Top 5 Companies, 2010–2014
Figure 27 Partnership & Collaboration, 2010–2014
Figure 28 Expansions, 2010–2014
Figure 29 New Product Development, 2010–2014
Figure 30 Agreements, 2010-2014

Rare earth metals or rare earth elements (REEs) are a relatively abundant group of seventeen elements found in the periodic table. Out of the seventeen, fifteen elements comprise the lanthanide series found between atomic number 57 and 71. Metals such as terbium, gadolinium, and dysprosium, applied in critical government sectors of defense and nuclear energy, are included in this report for the global market in details.

The various applications of rare earth metals include permanent magnets, catalysts, metal alloys phosphors, glass polishing, glass additives, ceramics, and so on. The application of permanent magnets and catalysts, used in growing sectors such as green technology and hybrid vehicles, have captured the highest share in the rare earth metals market. The application of rare earth metals in phosphors is expected to increase at a high CAGR of 14.6% for the next five years.

Rare Earth Metals Market Share, by Region, 2012

Rare Earth Metals Market

Source: MarketsandMarkets Analysis

Asia–Pacific is the largest geographic region in the global rare earth metals market due to their ready availability, especially in countries such as China, Japan, and to some extent Australia. The huge presence of rare earth metals, utilizing industries such as consumer electronics and hybrid electric vehicles, especially in Japan and China, has led to tremendous demand from this region. Permanent magnet is currently the largest market for rare earth metals in this region while the market for phosphors is flourishing at a very rapid pace.

North America is identified to be an upcoming rare earth metals market due to decreasing dependence of companies on Chinese exports. The market conditions for the exploration and the production of rare earth oxides in North America including the U.S. have become favorable owing to decreased Chinese exports. This has led to several mineral explorations and development projects being underway.

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