Rare Earth Elements Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2012 To 2020

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Rare Earth Elements Market Analysis, Market Size,
Application Analysis, Regional Outlook, Competitive
Strategies And Forecasts, 2012 To 2020
Rare Earth Elements or rare earth metals are a group of seventeen elements bearing similar properties.
Key elements in the group include lanthanum, praseodymium, cerium and neodymium. According to a
new study by Hexa Research, high demand for rare earth elements like cerium and lanthanum in
applications like automobiles, metallurgy, phosphors, glass, etc. will drive global market growth. Rising
demand for permanent magnets in electronic, wind turbine and automotive sectors will translate into
high demand for neodymium. Phosphor is essential to manufacture of consumer electronic components
like LCD screens and CRT displays. Elements like terbium, europium and yttrium are used in the
phosphors industry. Hexa Research predicts that the global Rare Earth Elements market will reach
$10.96 billion in 2020.
Factors like limited reserves, strict regulatory guidelines, complicated extraction process and heavy
capital deployment are likely to adversely affect market growth. Creation of elements from recycled
waste is an area of opportunity for future.
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China, with more than 93% of the global production, was the largest producer of neodymium in 2012.
The country’s potential as a key supplier of Rare Earth Elements is likely to be hampered by stringent
regulatory stipulations on indiscriminate mining activities.
Hexa Research observed that Cerium was the largest consumed Rare Earth Element in 2013. It
accounted for more than 40% of the total market that year. Main applications of cerium included
petroleum refining and metallurgy. Application categories of Rare Earth Elements as determined by the
research are catalysts, magnets, metallurgy, glass and polishing. Permanent magnets grabbed highest
market share in 2013 followed by catalysts and metallurgy. Hexa Research expects permanent magnets
to experience fastest growth in the coming years.
Growing end-use industries in developing Asia Pacific regions like China, India, Malaysia and South Korea
will accelerate demand for the Rare Earth Elements market in the near future. Asia Pacific fetched
revenues close to $3.8 billion in 2013. China was both, the largest consumer and producer of Rare Earth
Elements in 2013. This will contribute to Asia Pacific experiencing the fastest growth at a CAGR of 11.5%
from 2014 to 2020. Growth in automotive sector in ROW countries will also contribute to market
growth. Molycorp and Inner Mongolia Baotou Steel Rare Earth HI-Tech Co. were the dominant players of
the Rare Earth Elements industry in 2013.
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Table Of Content
Chapter 1 Executive Summary
1.1 Rare Earth Elements - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Rare Earth Elements Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Rare Earth Elements Market Dynamics
2.4 Key Opportunities Prioritized
2.5 Industry Analysis - Porter's
2.6 Rare Earth Elements - Company Market Share Analysis
2.7 Rare Earth Elements - PESTEL Analysis
Chapter 3 Rare Earth Elements Product Outlook
3.1 Cerium
3.2 Dysprosium
3.3 Erbium
3.4 Europium
3.5 Gadolinium
3.6 Holmium
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3.7 Lanthanum
3.8 Lutetium
3.9 Neodymium
3.10 Praseodymium
3.11 Promethium
3.12 Samarium
3.13 Scandium
3.14 Terbium
3.15 Thulium
3.16 Ytterbium
3.17 Yttrium
Chapter 4 Rare Earth Elements Application Outlook
4.1 Magnets
4.2 Catalysts
4.3 Metallurgy
4.4 Polishing
4.5 Glass
4.6 Phosphors
4.7 Ceramics
4.8 Other
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Chapter 5 Rare Earth Elements Regional Outlook
5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 RoW
Chapter 6 Competitive Landscape
6.1 Arafura Resources
6.2 Alkane Resources Ltd.
6.3 Avalon Rare Metals Inc.
6.4 Quest Rare Minerals Limited
6.5 China Rare Earth Holdings Limited
6.6 Indian Rare Earths Limited
6.7 Lynas Corporation Limited
6.8 Great Western Minerals Group Ltd
6.9 Greenland Minerals & Energy Ltd.
6.10 Rare Element Resources Ltd
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6.11 Molycorp
6.12 Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co
6.13 Frontier Rare Earths Limited
Chapter 7 Methodology and Scope
7.1 Research Methodology
7.2 Research Scope & Assumption
7.3 List of Data Sources
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Rare Earth Elements or rare earth metals are a group of seventeen elements bearing similar properties. Key elements in the group include lanthanum, praseodymium, cerium and neodymium.