Rare Earth Elements Market-Referred as Seeds of Technology- Exhibit Multiple Manufacturing Industries Segments: Market to Expand at a Healthy Rate Up to 2023.Pdf

Transparency Market Research

Rare Earth Elements Market Global Industry Analysis, Size,

Share, Growth, Trends and

Forecast 2015 - 2023

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REPORT DESCRIPTION

Rare earth elements are a group of seventeen chemical elements that occur together in the periodic table. The group consists of yttrium,

scandium, and fifteen lanthanide elements (lanthanum, cerium, thulium, ytterbium, praseodymium, gadolinium, terbium, dysprosium,

neodymium, promethium, samarium, europium, holmium, erbium, and lutetium). The seventeen rare earth elements are found in all rare

earth elements deposits; however, their distribution and concentration varies. These elements are referred as ‘rare,’ as it is not common to

find them in commercially feasible concentrations. Rare earth elements are broadly classified into two categories: light rare earth elements

and heavy rare earth elements.

These have varying levels of uses and demand. Mineral deposits of rare earth elements are usually rich in either light rare earth elements

or heavy rare earth elements; they rarely contain both in significant quantities. Among rare earth elements, demand for lanthanum and

cerium is the largest in the world. Rare earth elements are classified based on various properties such as catalytic, magnetic, electrical,

chemical, and optical. Thus, rare earth elements,often referred as ‘seeds of technology’ by the Japanese, exhibit multiple properties. This

makes make them suitable for usage in a wide range of end-user industries.

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