1. Market Research
  2. > Mining and Quarrying
  3. > Metals Market Trends
Rare Earth Metals Market: North America Projected to Register Significant Growth over the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026

Rare Earth Metals Market: North America Projected to Register Significant Growth over the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026

  • May 2017
  • 187 pages
  • ID: 5043363
  • Format: PDF
  • Future Market Insight Global & Consulting Pvt Ltd

Summary

Table of Contents

Asia Pacific Excluding Japan accounted for significant market share among all regions in 2016

Asia Pacific Excluding Japan is expected to register faster growth among all other regions in the global rare earth metals market. The region is projected to strengthen its market value share from a little more than 70% in 2016 to almost 77% by the end of 2026, recording a massive gain of 640 BPS between 2016 and 2026. China followed by India is the leading consumer of rare earth metals. The rare earth metals market in the APEJ region is forecast to expand at a robust CAGR of 9.4% during 2016- 2026 and is likely to be valued at more than US$ 5,600 Mn by the end of 2026. The APEJ region is projected to create incremental $ opportunity of more than US$ 3,300 Mn between 2016 and 2026. APEJ is expected to be a relatively attractive region in the rare earth metals market during the forecast period and is likely to incline towards high value–high growth.

Rising demand for hybrid and electric vehicles likely to fuel the growth of the rare earth metals market in the APEJ region

Rising demand for rare earth metals from various end-use industries in countries such as China and India is anticipated to drive the rare earth metals market in the APEJ region. Rapid industrialisation, rising GDP and increasing family income propel the demand for automobile and electronics, which in turn boosts demand for rare earth metals in the region. The growth of end-use industries such as automotive, green energy and electronics especially in China, South Korea and India is expected to drive the growth of the rare earth metals market in the region over the forecast period. Also, demand for rare earth metals is expected to be bolstered by rising demand from various applications such as metallurgy and alloys, polishing, phosphors, ceramics defence among others.

The renewable energy industry is one of the primary end-use industries in APEJ for rare earth metals. Permanent magnets produced from rare earth metals such as neodymium and dysprosium are widely used in wind turbines. A steady growth in the installation of wind turbines is expected to drive the growth of the rare earth metals market during the forecast period in APEJ. Another key end-use industry for rare earth metals is the electric vehicles industry, which is witnessing a robust growth in the APEJ region, especially in China. Here, rare earth metals find application in batteries that power these electric vehicles. The anticipated robust growth in the global electric and hybrid vehicles market is expected to in turn drive the growth of the rare earth metals market in the APEJ region during the period of assessment.

Rare earth metals play a crucial role across a gamut of high growth potential industries. As such, demand for these has witnessed a steady growth over the past few years. This, coupled with attractive revenue generation has prompted the entry of several market participants in China and other APEJ countries during the past decade. The majority of the consumers of rare earth metals are dependent on Chinese rare earth output, which is boosting the China market for rare earth metals.

Neodymium is projected to lead the rare earth metals market over the forecast period in the APEJ region

In APEJ, the Neodymium segment is projected to gain a massive 270 basis points in market share by 2026 as compared to that in 2016. The Neodymium segment in the APEJ rare earth metals market is projected to increase 2.8X and be valued at more than US$ 2,200 Mn by the end of 2026. This segment is estimated to create about 42% of the incremental $ opportunity in the APEJ rare earth metals market by the end of 2026.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2017

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on