Scope of the Study
Rare metals play important role In the economic growth of the country as they are used in the production of electronics, communication networks, and military weapons. China holds the largest market share as a supplier of rare metals accounts for over 60% of the global market share. Total 17 rare metals are listed in the periodic table which is found In earth crust which has numerous application across industries such as defense, nuclear energy, and others.
The market study is being classified by Type (Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium and Others), by Application (Magnets, Colorants, Alloys, Optical Instruments, Catalysts and Others) and major geographies with country level break-up. According to AMA, the Global Rare Metals market is expected to see growth rate of 8.7%
Luka Resources Limited (Australia), Lynas Corporation, Ltd. (Australia), Greenland Minerals and Energy (Greenland), Alkane Resources Ltd. (Australia), Canada Rare Earth Corporation (Canada), China Minmetals Rare Earth Co., Ltd (China), Ucore Rare Metals Great Western Minerals Group (Canada), Vale SA (Brazil), Avalon Rare Metals (Canada), Quest Rare Metals (Canada) and Frontier Rare Earths / Kores (South Africa) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Molycorp (United States), Geomega Resources (South Africa), Arafura Resources (Australia) and Tasman Metals (Sweden).
There are many players in the rare metal industry but the highest export of rare metal is from China. As there are environmental and legal barriers it is difficult to enter in the market for new players Research Analyst at AMA predicts that Australian, Canadian Manufacturers will contribute to the maximum growth of Global Rare Metals market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Rare Metals market by Type, Application and Region.
On the basis of geography, the market of Rare Metals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Drivers
- Increasing Low Carbon Technologies
- Biosorption Tool for Healing Of Rare Metals
Market Trend
- Growing Consumer Goods and Automotive Industry
- Increasing Security Services across the Globe
Restraints
- Stringent Government Regulations
Opportunities
- Adoption for Low Emission Radioactive Technologies.
- Emphasizing on Recycling and Reuse of Rare Metals
Challenges
- Toxic Pollution Associated with Rare Metal Mining
- Illegal Mining of Rare Eart Metals
China is leading exporter of rare metals, in recent years China in order to benefit its own economy reduces the supply of these metals to other countries.
Key Target Audience
Automotive Industry, Defense, Market Research Firm, Technology Providers, Government and Other Private Recherch Organisations and Others
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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