Rare Earth Elements Market research report provides a profound overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. This marketing report is very crucial in several ways for business growth and to thrive in the market. These strategies mainly include new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost their footprints in this market. An influential Rare Earth Elements Market report not only lends a hand for intelligent decision making but also better manages marketing of goods and services which leads to growth in the business.
Summary of the Report
The market would gain significant growth rate during the forecast period of 2019 to 2026 reaching a substantial market size by 2026. The market has been analyzed taking into considerations the different factors which includes the market drivers, restraints, opportunities, key competitor landscape, trend analysis, outlook, estimate and forecast factors.
Global rare earth elements market is expected to register a substantial CAGR of 9.20% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the significant rise of demands from the various emerging locations of the world.
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Major Key Players of the Rare Earth Elements Market
Minmetals Rare Earth Co., Alkane Resources Ltd ARAFURA RESOURCES Lynas Corporation Ltd China Rare Earth Holdings Limited Avalon Advanced Materials IREL(INDIA) LIMITED Greenland Minerals NEO Rare Element Resources Frontier Rare Earths Limited Canada Rare Earth Corporation Iluka Resources Limited Northern Minerals Krakatoa Resources Limited Ucore Rare Metals Namibia Critical Metals among others.
Market Definition: Global Rare Earth Elements Market
Rare earth elements are various chemical elements present in the periodic table. These elements aren’t necessarily rare to find, although their presence is spread across the entire earth in an even manner therefore their availability in a particular location is limited, which results in extraction of these elements from mines quite complicated.
- Requirement of rare earth elements for the implementation and utilization of green technology worldwide; this factor is expected to propel the growth of the market
- Focus of various organizations and companies on enhancing their understanding and technologies for rare earth elements; this factor is expected to foster growth of the market
- Increased application area of these elements due to the rising demand for electric and hybrid vehicles also acts as a market driver
- High demand associated with these elements due to their application as catalysts in various production activities will drive the market growth
- Concerns regarding the increasing presence of illegal activities for extraction of rare earth elements from the different regions; this factor is expected to act as a restraint to the growth of the market
- Lack of consistent supply to various end-users and applicable sectors is expected to hamper the market growth
- Inequality of demand and supply quantities due to the trade wars between supplier of rare earth elements worldwide will restrict the growth of this market
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Geographical Coverage of Rare Earth Elements Market
- Europe: Russia, France, UK, Italy, UK, Germany, Others
- North America: Mexico, U.S., and Canada,
- Asia Pacific: South Korea, China, Singapore, India, Taiwan,Japan, Others
- Rest of the World (RoW): Africa, Middle East,South America & Central America
Key insights from COVID-19 impact analysis:
- Worldwide COVID-19 status as well as economic overview.
- Effects on demand and supply chain of this business vertical.
- Long-term and short-term effect of COVID-19 disease outbreak on the industry.
Table of Contents
- Report Overview: It includes major players of the global Rare Earth Elements Market covered in the research study, research scope, and Market segments by type, market segments by application, years considered for the research study, and objectives of the report.
- Global Growth Trends: This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the global Rare Earth Elements Market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the global Rare Earth Elements Market are discussed.
- Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.
- Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.
- Market Size by Application: Besides an overview of the Rare Earth Elements Market by application, it gives a study on the consumption in the global market by application.
- Production by Region: Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.
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Key Developments in the Market:
- In May 2019, Blue Line Corp. announced that they had entered into a partnership with Lynas for the establishment of a processing facility for rare earth elements. This facility will be located at Texas, United States and will help establish them as the first and only company capable of processing and separating rare earth elements outside the China region. This will ensure that the various organizations can meet the significant demands and applications of rare earth from the various end-users
- In November 2018, Arafura Resources Ltd. announced the establishment of “Nolans Project” which will help them in the production of “neodymium-praseodymium (NdPr)” element. Nolans project located in Northern Territory of Australia region is expected to help supply the ten percent demand for this element worldwide when it will be in full production, expected to be by 2020 at a highly cost-effective cost. The company has also finalized the location for the processing and separation plant for their rare earth element production which will be in Australia
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