Rare Earth Metals Forecast Market 2012 - 2018

Transparency Market

Research

Rare Earth Metals Market - Global Industry Analysis, Applications, Size,

Share, Growth, Trends and Forecast, 2012 - 2018

Published Date

2013-03-19

108 Page Report

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Press Release

Global Rare Earth Metals Market to Reach $ 8.19 billion by 2018

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Rare Earth Metals Market

REPORT DESCRIPTION

Transparency Market Research, in its latest research report states that the global rare earth metals market will grow at a

CAGR of 13.0% from 2012 to 2018. This market was valued at $ 3.93 billion in 2012, and is expected to reach $ 8.19

billion by 2018. Additionally, the volumes of global rare earth metals are expected to go beyond 290 kilo tons by 2018.

The rare earth metals market is expected to grow at a steady rate in the coming five years. The factors driving its growth

are demand for rechargeable batteries that are preferred for being recyclable, portable equipments, electronics,

permanent magnets, and computers. Increasing demand for clean energy and action taken by the government to ensure

the same is another factor driving this market. Clean technology also a reason for growth in the rare earth metals market.

However, in the same period, the rare earth metals market is likely to witness a few challenges such as dominance of

China in the market and fluctuating costs.

Browse the full Rare Earth Metals Market report at

http://www.transparencymarketresearch.com/rare-earths.html

One of the biggest market share holders amongst the rare earth metals is cerium oxide. Due to its application in

significant quantities, it held 40% of the total demand in 2013. This material was followed by lanthanum oxide at 23.8% in

the same period. Lanthanum oxide is largely used in industries such as green technology,...