Rare Earth Metals Market 2021 – Industry Analysis, Trends, Growth, Share, Forecasts and Regional Outlook
Rare earth metals (REM) are chemical elements belonging to the lanthanides group and include scandium and yttrium. Scandium and yttrium are considered as rare earth metal (REM) as they exhibit similar chemical properties. These are metals are available in abundant except radioactive promethium.
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This report examines the global rare earth metals market and provides information regarding the revenue (USD Million) and volume (Kilo Tons) for the period 2014 to 2021. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.
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1. Growing demand from permanent magnet industry
2. Growing market for rare earth metal catalysts
1. Environmental risks
2. Depleting reserves
Market Report Analysis :
Market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints. The rare earth metals market has further been segmented based on type such as lanthanum, praseodymium, cerium, neodymium, samarium, promethium, europium, dysprosium, holmium, gadolinium, terbium, thulium, scandium, yttrium, erbium, ytterbium and lutetium. The study provides forecast and estimates market for each type in terms of revenue and volume during the forecast period from 2015 to 2021.
Best Region Of Markets :
In terms of geography, the rare earth metals market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
SEGMENTATIONS IN REPORT :
A. Rare Earth Metals By Type :
B. Rare Earth Metals By Application :
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