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Rare Earth Metals Market Size - 2012 - 2018

Rare Earth Metals Market demand was worth USD 3.93 billion in 2013 and is expected to reach USD 8.19 billion by 2019, growing at a CAGR of 13.0% from 2013 to 2019. In terms of volumes, global rare earth metals demand is expected to cross 290 kilo tons by 2019.

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Increasing applications in permanent magnets, rechargeable batteries and catalysts for reducing pollution, electronics, portable equipments and computers are expected to drive rare earth metals demand over the next five years.

Key application segments analyzed in this study include magnets, catalysts, metallurgy, ceramics, phosphors, and glass and polishing. Magnets and metallurgy applications dominated the rare earth metals consumption, together accounting for 40.9% of the total consumption in 2011. This study provides a comprehensive analysis of seventeen key rare earth metals including lanthanum, praseodymium, cerium, neodymium, samarium, promethium, europium, dysprosium, holmium, gadolinium, terbium, thulium, scandium, yttrium erbium, ytterbium, and lutetium. Cerium, lanthanum and neodymium are the most widely consumed rare earth metals and together accounted for 82.9% of the total volumes consumed in 2011. The demand for praseodymium, neodymium, and dysprosium is primarily driven by the increasing demand for permanent magnets and rechargeable batteries. Europium, yttrium and terbium are extensively used in phosphors for a host of applications in the electronic industry.

Asia Pacific dominated the global market, accounting for 79.5% of global volumes in 2011, followed by North America and Europe. China was the largest regional market for rare earth metals in Asia, accounting for over 50% of total volumes in 2011, both in terms of consumption as well as production. Regional demand for magnets and the growing metallurgy industry are expected to drive the Asia Pacific market in the near future.

Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co, Arafura Resources, Alkane Resources, Great Western Minerals Group, Avalon Rare Metals, Rare Elements Resources Ltd, Greenland Rare Earth and Energy Ltd, China Rare Earth Holdings, Indian Rare Earths, Lynas Corporation Ltd., Molycorp, and Chinalco Yunnan Copper Resources Ltd., are some of the major manufacturers of rare earth metals.

Rare earth metal market by product type:

Lanthanum

Praseodymium

Cerium

Neodymium

Samarium

Promethium

Europium

Dysprosium

Holmium

Gadolinium

Terbium

Thulium

Scandium

Yttrium

Erbium

Ytterbium

Lutetium

Rare earth metals market by application:

Magnets

Catalyst

Metallurgy

Ceramics

Phosphors

Glass

Polishing

Rare earth metals market by geography:

North America

Europe

Asia-Pacific

Rest of the World (RoW)

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