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Global Rare Earth Metals Market to Grow at CAGR of 13.06% over 2012-2016

Apr 11 2014

Research and Markets has announced the addition of the "Global Rare Earth Metals Market Report" report to their offering.

The analysts forecast the Global Rare Earth Metals market to grow at a CAGR of 13.06 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from the Wind Energy sector. The Global Rare Earth Metals market has also been witnessing an increase in the production capacities of the major manufacturers in the market. However, the gap in the demand and supply of rare earth metals could pose a challenge to the growth of this market.

The report, the Global Rare Earth Metals Market Report, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the markets in China, Japan, USA, and ROW; it also covers the Global Rare Earth Metals market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

The increase in production capacities is a major trend witnessed in the Global Rare Earth Metals market. As a result of the growing demand for rare earth metals in applications such as manufacturing catalytic converters, magnets for wind energy generators, compact fluorescent lamps, and flat panel displays, large producers of rare earth metals are investing heavily in new production facilities to tap the surge in demand. Moreover, many vendors are increasingly adopting new mining, extraction, and refining technologies which can help them to improve their production capabilities and manufacture products for new emerging applications.

According to the report, one of the major drivers in this market is the increasing use of rare earth metals in the Wind Energy sector. Magnets made of rare earth metals find their usage in large quantities in wind turbine generators. Further, the increase in the demand for electric vehicles is increasing the demand for NiMH batteries. The materials used in these batteries are made of rare earth metals. Thus, the increase in the demand for electric vehicles is contributing to the growing demand for rare earth metals during the forecast period.

Key Topics Covered:

1. Executive Summary

2. Scope of the Report

3. Market Research Methodology

4. List of Abbreviations

5. Introduction

6. Market Landscape

7. Market Segmentation by Application

8. Geographical Segmentation

9. Key Leading Countries

10. Buying Criteria

11. Market Growth Drivers