Rare Earth Metals Market 2018–2026 Lynas Corporation, Avalon Rare Metals Inc, Greenland Minerals
Rare earth metals enhance the efficiency of industrial processes such as catalytic cracking, chemical catalysis, glass manufacturing, automotive emission control, energy storage, energy efficient electrical motors, manufacturing lighter and less brittle s
(EMAILWIRE.COM, September 11, 2018 ) Download PDF Brochure : https://www.coherentmarketinsights.com/insight/request-pdf/293
Rare earth metals are a group of seventeen metallic elements, including fifteen lanthanides, with atomic numbers 57 (lanthanum, La) to 71 (lutetium, Lu), together with yttrium (Y, atomic number 39) and scandium (Sc, atomic number 21). Cerium oxide, an abundantly found rare earth metal, is used as a catalyst in catalytic converters and various metal alloys to reduce emission in automotive exhaust system.
These metals are also used in positron emission tomography (PET) scan, magnetic resonance imagery (MRI) contrast agents, x-ray tubes, nuclear medicine imaging, and portable x-ray machines, for application in genetic screening tests, medical cancer treatment applications, and dental lasers. Rare earth metals have unique luminescent, magnetic, and electrochemical properties, exhibiting reduced emissions, weight, and energy consumption, due to which they are increasingly being used in advanced technologies.
Request Sample Copy of this Report
The market in Asia Pacific is expected to witness rapid growth over the forecast period. According to The Wall Street Journal, China produces around 90% share of the total rare earth metals globally. The growth of the market in this region is thus attributed to high number of rare earth metal resources found in countries such as China and India.
Increasing demand for renewable energy such as hybrid automobiles, next generation rechargeable batteries, wind turbines, and biofuel catalysts are expected to boost growth of the rare earth metals market, which are used in such application. However, fluctuating prices of these metals, use of alternative substances, and challenging mining of metals due to their unusual concentrations, are expected to restrain growth of the rare earth metal market.
Major companies operating in the global rare earth metals market include Lynas Corporation, Avalon Rare Metals Inc, Greenland Minerals and Energy, Iluka Resources Ltd., Alkane Resources Limited, Rock Tech Lithium Inc., Artemis Resources Limited, and Great Western Minerals Group.
Rare earth metals are a group of seventeen metallic elements, including fifteen lanthanides, with atomic numbers 57 (lanthanum, La) to 71 (lutetium, Lu), together with yttrium (Y, atomic number 39) and scandium (Sc, atomic number 21). Cerium oxide, an abundantly found rare earth metal, is used as a catalyst in catalytic converters and various metal alloys to reduce emission in automotive exhaust system.
These metals are also used in positron emission tomography (PET) scan, magnetic resonance imagery (MRI) contrast agents, x-ray tubes, nuclear medicine imaging, and portable x-ray machines, for application in genetic screening tests, medical cancer treatment applications, and dental lasers. Rare earth metals have unique luminescent, magnetic, and electrochemical properties, exhibiting reduced emissions, weight, and energy consumption, due to which they are increasingly being used in advanced technologies.
Request Sample Copy of this Report
The market in Asia Pacific is expected to witness rapid growth over the forecast period. According to The Wall Street Journal, China produces around 90% share of the total rare earth metals globally. The growth of the market in this region is thus attributed to high number of rare earth metal resources found in countries such as China and India.
Increasing demand for renewable energy such as hybrid automobiles, next generation rechargeable batteries, wind turbines, and biofuel catalysts are expected to boost growth of the rare earth metals market, which are used in such application. However, fluctuating prices of these metals, use of alternative substances, and challenging mining of metals due to their unusual concentrations, are expected to restrain growth of the rare earth metal market.
Major companies operating in the global rare earth metals market include Lynas Corporation, Avalon Rare Metals Inc, Greenland Minerals and Energy, Iluka Resources Ltd., Alkane Resources Limited, Rock Tech Lithium Inc., Artemis Resources Limited, and Great Western Minerals Group.
Contact Information:
Coherent Market Insights
Mr. Shah
Tel: +1-206-701-6702
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
Coherent Market Insights
Mr. Shah
Tel: +1-206-701-6702
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results