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Published Date: 2013-03-19Number of Pages: 108

Rare Earth Metals Market (Lanthanum, Cerium, Neodymium, Europium, Yttrium, Scandium, Terbium & Other Key Elements) -Global Industry Analysis, Applications (Magnets, Catalysts, Metallurgy, Phosphors, Ceramics & Others), Size, Share, Growth, Trends and Forecast 2012 - 2018

Rare earth metals are the group of seventeen metals including the set fifteen lanthanides (lanthanum, praseodymium, cerium, neodymium, samarium, promethium, europium, dysprosium, holmium, gadolinium, terbium, thulium, erbium, ytterbium, and lutetium) with similar chemical properties plus scandium and yttrium. These rare earth metals are classified into heavy rare earth metals (yttrium, gadolinium, europium, terbium, holmium, dysprosium, thulium, erbium, ytterbium, and lutetium) and light rare earth metals (lanthanum, praseodymium, cerium, promethium, neodymium, and samarium). They are used in many everyday devices such as computer memory, DVD's, fluorescent lighting, cell phones, car catalytic converters, rechargeable batteries, magnets and much more. 

 

The reserves of rare earth metals are highly concentrated in a few regions. China holds the world’s largest reserves of rare earth metals followed by Russia, United States, Australia, India and others. China is the largest producer and consumer of rare earth metals accounting for over 95% of the total global rare earth metal production. The global rare earth market revenues were USD 3.4 billion in 2011 and are expected to grow at a CAGR of 13% from 2012 to 2018. Magnets, metallurgy, catalysts, phosphors, polishing, glass and ceramics are the major application areas of rare earth metals. Magnets are the largest application segment in terms of revenue and volume. Metallurgy is the fastest growing application segment which is expected to exhibit strength during the next five years. 

 

The rare earth metals market can also be segmented based on their type. Cerium is the most widely used rare earth metal followed by lanthanum, neodymium and others. However, scandium is the largest revenue generating rare earth metal followed by neodymium, dysprosium and others. Cerium, lanthanum, neodymium, praseodymium and yttrium are the most commonly used in fast growing application segments such as metallurgy and magnets. The growth trend in automotives, consumer electronics and electric vehicle industries is mainly driving the demand for rare earth metals across the world. 

 

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.

 

 

Chapter 1 Preface

1.1 Report description

1.2 Research scope

1.3 Research methodology

 

Chapter 2 Executive Summary

2.1 Global rare earth metals market, 2010 – 2018 (Kilo Tons) (USD Million)

2.2 Global market snapshot

 

Chapter 3 Market Overview

3.1 Introduction

3.2 Value chain analysis

       3.2.1 Value chain analysis of global rare earth metal market

3.3 Market Drivers

       3.3.1 Growing demand from permanent magnet industry

                3.3.1.1 Global permanent magnet production, 2010 - 2018 (Kilo Tons) (USD Million)

       3.3.2 Growing market for rare earth metal catalysts

                3.3.2.1 Global metal catalysts market, 2010 – 2018 (Kilo Tons) (USD Million)

       3.3.3 Strong demand for rare earth metals in China

                3.3.3.1 China’s market share in the global rare earth metal industry, 2010-2018 (%)

       3.3.4 Phosphors market driving demand for terbium, europium and yttrium

               3.3.4.1 Demand for  Tr, Eu and Y in phosphors application  2010-2018 (Tons)

3.4 Restraints

       3.4.1 Environmental risks

       3.4.2 Depleting reserves

       3.4.3 Extraction of rare earth metals is capital intensive

       3.4.4 Development into engineering nanocomposites

3.5 Opportunities

       3.5.1 Exploration of unmined reserves

               3.5.1.1 Global reserves of rare earth metals, 2011

       3.5.2 Recycling of rare earth metals from E-waste

3.6 Porter’s five forces analysis

       3.6.1 Bargaining power of suppliers

       3.6.2 Bargaining power of buyers

       3.6.3 Threat of new entrants

       3.6.4 Threat of Substitutes

       3.6.5 Degree of competition

3.7 Market attractiveness analysis

       3.7.1 Global rare earth metal market attractiveness, by application, 2011

3.8 Company market share analysis

       3.8.1 Global rare earth metal market share, by company, 2012

 

Chapter 4 Rare Earth Metal Market by Type

4.1 Global rare earth metal market overview: by type

       4.1.1 Global rare earth metal market volumes share, by type, 2011 & 2018

4.2 Cerium

       4.2.1 Global cerium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.3 Dysprosium

       4.3.1 Global dysprosium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.4 Erbium

       4.4.1 Global erbium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.5 Europium

       4.5.1 Global europium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.6 Gadolinium

       4.6.1 Global gadolinium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.7 Holmium

       4.7.1 Global holmium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.8 Lanthanum

       4.8.1 Global lanthanum market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.9 Lutetium

       4.9.1 Global lutetium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.10 Neodymium

       4.10.1 Global neodymium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.11 Praseodymium

       4.11.1 Global praseodymium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.12 Promethium

       4.12.1 Global promethium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.13 Samarium

       4.13.1 Global samarium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.14 Scandium

       4.14.1 Global scandium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.15 Terbium

       4.15.1 Global terbium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.16 Thulium

       4.16.1 Global thulium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.17 Ytterbium

       4.17.1 Global ytterbium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

4.18 Yttrium

       4.18.1 Global yttrium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

 

Chapter 5 Rare Earth Metal Market by Application

5.1 Global rare earth metal market overview: by application

       5.1.1 Global rare earth metal market volumes share, by application, 2011 & 2018

5.2 Magnets

       5.2.1 Rare earth metal demand for magnets, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

5.3 Catalysts

       5.3.1 Rare earth metal demand for catalysts, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

5.4 Metallurgy

       5.4.1 Rare earth metal demand for metallurgy, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

5.5 Polishing

       5.5.1 Rare earth metal demand for polishing, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

5.6 Glass

       5.6.1 Rare earth metal demand for glass, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

5.7 Phosphors

       5.7.1 Rare earth metal demand for phosphors, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

5.8 Ceramics

       5.8.1 Rare earth metal demand for ceramics, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

5.9 Others

       5.9.1 Rare earth metal demand for others, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

 

Chapter 6 Rare Earth Metal Market by Geography

6.1 Global rare earth metal market overview: by geography

       6.1.1 Global rare earth metal market volumes share, by geography, 2011 & 2018

6.2 North America

       6.2.1 North America rare earth metal market volume, by type, 2011 - 2018 (Tons)

       6.2.2 North America rare earth metal market revenue, by type, 2011 - 2018 (USD Million)

       6.2.3 North America rare earth metal market volume, by application, 2011 - 2018 (Tons)

       6.2.4 North America rare earth metal market revenue, by application, 2011 - 2018 (USD Million)

6.3 Europe

       6.3.1 Europe rare earth metal market volume, by type, 2011 - 2018 (Tons)

       6.3.2 Europe rare earth metal market revenue, by type, 2011 - 2018 (USD Million)

       6.3.3 Europe rare earth metal market volume, by application, 2011 - 2018 (Tons)

       6.3.4 Europe rare earth metal market revenue, by application, 2011 - 2018 (USD Million)

6.4 Asia Pacific

       6.4.1 Asia Pacific rare earth metal market volume, by type, 2011 - 2018 (Tons)

       6.4.2 Asia Pacific rare earth metal market revenue, by type, 2011 - 2018 (USD Million)

       6.4.3 Asia Pacific rare earth metal market volume, by application, 2011 - 2018 (Tons)

       6.4.4 Asia Pacific rare earth metal market revenue, by application, 2011 - 2018 (USD Million)

6.5 Rest of the world

       6.5.1 RoW rare earth metal market volume, by type, 2011 - 2018 (Tons)

       6.5.2 RoW rare earth metal market revenue, by type, 2011 - 2018 (USD Million)

       6.5.3 RoW rare earth metal market volume, by application, 2011 - 2018 (Tons)

       6.5.4 RoW rare earth metal market revenue, by application, 2011 - 2018 (USD Million)

 

Chapter 7 Company Profiles

7.1 Arafura Resources

       7.1.1 Company overview

       7.1.2 Financial overview

       7.1.3 Business strategies

       7.1.4 SWOT analysis

       7.1.5 Recent developments

7.2 Alkane Resources Ltd.

       7.2.1 Company overview

       7.2.2 Business strategies

       7.2.3 SWOT analysis

7.3 Avalon Rare Metals Inc.

       7.3.1 Company overview

       7.3.2 Financial overview

       7.3.3 Business strategies

       7.3.4 SWOT analysis

       7.3.5 Recent developments

7.4 Quest Rare Minerals Limited

       7.4.1 Company overview

       7.4.2 Financial overview

       7.4.3 Business strategies

       7.4.4 SWOT analysis

       7.4.5 Recent developments

7.5 China Rare Earth Holdings Limited

       7.5.1 Company overview

       7.5.2 Financial overview

       7.5.3 SWOT analysis

       7.5.4 Business strategies

       7.5.5 Recent developments

7.6 Indian Rare Earths Limited

       7.6.1 Company overview

       7.6.2 Financial overview

       7.6.3 SWOT analysis

       7.6.4 Business strategies

       7.6.5 Recent developments

7.7 Lynas Corporation Limited

       7.7.1 Company overview

       7.7.2 Financial overview

       7.7.3 SWOT analysis

       7.7.4 Business strategy

       7.7.5 Recent developments

7.8 Great Western Minerals Group Ltd.

       7.8.1 Company overview

       7.8.2 Financial overview

       7.8.3 Business strategies

       7.8.4 SWOT analysis

       7.8.5 Recent developments

7.9 Greenland Minerals & Energy Ltd.

       7.9.1 Company overview

       7.9.2 Financial overview

       7.9.3 Business strategies

       7.9.4 SWOT Analysis

       7.9.5 Recent developments

7.10 Rare Element Resources Ltd.

       7.10.1 Company overview

       7.10.2 Business strategies

       7.10.3 SWOT Analysis

       7.10.4 Recent Developments

7.11 Molycorp

       7.11.1 Company overview

       7.11.2 Financial overview

       7.11.3 SWOT analysis

       7.11.4 Business strategies

       7.11.5 Recent developments

7.12 Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co

       7.12.1 Company overview

       7.12.2 Financial overview

       7.12.3 SWOT analysis

       7.12.4 Business strategies

       7.12.5 Recent developments

7.13 Frontier Rare Earths Limited

       7.13.1 Company overview

       7.13.2 Business strategies

       7.13.3 SWOT analysis

       7.13.4 Recent developments

List of Figures 

 

FIG. 1 Global rare earth metals market, 2010 – 2018 (Kilo Tons) (USD Million)

FIG. 2 Value chain analysis of global rare earth metal market

FIG. 3 Global permanent magnet production, 2010 - 2018 (Kilo Tons) (USD Million)

FIG. 4 Global metal catalysts market, 2010 – 2018 (Kilo Tons) (USD Million)

FIG. 5 China’s market share in the global rare earth metal industry, 2010-2018 (%)

FIG. 6 Demand for  Tr, Eu and Y in phosphors application  2010-2018 (Tons)

FIG. 7 Global reserves of rare earth metals, 2011

FIG. 8 Porter’s five forces analysis

FIG. 9 Global rare earth metals market attractiveness, by application, 2011

FIG. 10 Global rare earth metal market share, by company, 2012

FIG. 11 Global rare earth metal market volumes share, by type, 2011 & 2018

FIG. 12 Global cerium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 13 Global dysprosium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 14 Global erbium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 15 Global europium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 16 Global gadolinium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 17 Global holmium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 18 Global lanthanum market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 19 Global lutetium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 20 Global neodymium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 21 Global praseodymium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 22 Global promethium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 23 Global samarium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 24 Global scandium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 25 Global terbium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 26 Global thulium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 27 Global ytterbium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 28 Global yttrium market volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 29 Global rare earth metal market volumes share, by application, 2011 & 2018

FIG. 30 Rare earth metal demand for magnets, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 31 Rare earth metal demand for catalysts, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 32 Rare earth metal demand for metallurgy, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 33 Rare earth metal demand for polishing, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 34 Rare earth metal demand for glass, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 35 Rare earth metal demand for phosphors, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 36 Rare earth metal demand for ceramics, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 37 Rare earth metal demand for others, volumes and revenues, 2010 – 2018 (Tons) (USD Million)

FIG. 38 Global rare earth metal market volumes share, by geography, 2011 & 2018

List of Tables

 

TABLE 1 Global  market snapshot

TABLE 2 Key Applications: Rare Earth Metals

TABLE 3 Drivers for rare earth metal market: Impact analysis

TABLE 4 Restraints of rare earth metals market: Impact analysis

TABLE 5 North America rare earth metal market volume, by type, 2011 - 2018 (Tons)

TABLE 6 North America rare earth metal market revenue, by type, 2011 - 2018 (USD Million)

TABLE 7 North America rare earth metal market volume, by application, 2011 - 2018 (Tons)

TABLE 8 North America rare earth metal market revenue, by application, 2011 - 2018 (USD Million)

TABLE 9 Europe rare earth metal market volume, by type, 2011 - 2018 (Tons)

TABLE 10 Europe rare earth metal market revenue, by type, 2011 - 2018 (USD Million)

TABLE 11 Europe rare earth metal market volume, by application, 2011 - 2018 (Tons)

TABLE 12 Europe rare earth metal market revenue, by application, 2011 - 2018 (USD Million)

TABLE 13 Asia Pacific rare earth metal market volume, by type, 2011 - 2018 (Tons)

TABLE 14 Asia Pacific rare earth metal market revenue, by type, 2011 - 2018 (USD Million)

TABLE 15 Asia Pacific rare earth metal market volume, by application, 2011 - 2018 tons)

TABLE 16 Asia Pacific rare earth metal market revenue, by application, 2011 - 2018 (USD Million)

TABLE 17 RoW rare earth metal market volume, by type, 2011 - 2018 (Tons)

TABLE 18 RoW rare earth metal market revenue, by type, 2011 - 2018 (USD Million)

TABLE 19 RoW rare earth metal market volume, by application, 2011 - 2018 (Tons)

TABLE 20 RoW rare earth metal market revenue, by application, 2011 - 2018 (USD Million)

China’s influence over the global rare earth metals market is unlikely to weaken through 2018 as the country boasts the highest reserves of rare earth metals. Although countries such as Russia, India, Australia, and the United States also have substantial reserves of rare earth metals, China leads by a wide margin. This will cause an appreciable portion of all commercial and trading activity in the rare earth metals market to be concentrated in China, states Transparency Market Research (TMR). This projection is substantiated by the estimate that China singlehandedly accounts for over 95% of all rare earth metals produced globally. 

Besides the important regional dynamics, this report also studies the most valuable product segments in the global rare earth metals market. For this purpose, metals such as cerium, neodymium, lanthanum, yttrium, and praseodymium are studied in the report. Moreover, the report also studies the top application areas of rare earth metals. The key applications analyzed in the report are magnets and metallurgy.

In order to provide a clear overview of the competitive scenario and how it is expected to shape up through the forecast period of the report, the study profiles the leading companies in the rare earth metals market.

Rare Earth Metals Market: Opportunities and Restraints

The niche but high-value applications of rare earth metals will the opportunity in this market reach US$8.1 bn by 2018. The demand for rare earth metals is especially high in the permanent magnet industry. In China, the country that is also the largest producer of rare earth metals, the domestic consumption is the highest in the world. This is yet another demand driver for rare earth metals market. At the same time, a steady increase in the demand for and applications of rare earth metal catalysts has been reported in recent years. The demand for cerium is projected to remain the highest through the forecast period of the report.

Revenue generation in the rare earth metals market will receive a further boost from the increasing interest in resource recovery and recycling. Unmined reserves are projected to be exploited in the next few years, which will pump more rare earth metals into the market, ultimately leading to an increase in the global revenues. However, the impact of this driver could be dampened to some degree by the capital-intensive processes involved in the extraction of rare earth metals. Demand for rare earth metals could also be eroded by the advent of nanocomposites.

Rare Earth Metals Market: Competitive Landscape

Many of the leading companies in the global rare earth metals market are located in China. Some of the companies studied in this report are Arafura Resources, Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co, Great Western Minerals Group, Alkane Resources, Greenland Rare Earth and Energy Ltd, Indian Rare Earths, China Rare Earth Holdings, and Molycorp.


 
 
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