Rare-Earth Metals Market Industry Research on Growth, Trends and…
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Rare-Earth Metals Market size was valued at US$ 4.2 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 12.4% through 2021 to 2027, reaching nearly US$ 9.52 Bn. by 2027.
Rare-Earth Metals Market Overview :
The purpose of this research is to offer an overview of the Rare-Earth Metals industry as well as thorough market segmentation by segments and geographies. The study includes vital information on the market positions of the top Rare-Earth Metals organizations, as well as major industry trends and possibilities.
The study also focuses on the major industry players in the Global Rare-Earth Metals market, including information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into global, regional, and company market trends, volume, and value. This study examines the whole Rare-Earth Metals Market Size from a worldwide viewpoint, evaluating historical data and making projections.
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Market Scope :
Following the completion of market engineering, which included calculations for market statistics, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to gather information and verify and validate key figures. Both top-down and bottom-up approaches, as well as numerous data triangulation methods, were widely used throughout the market engineering process to achieve market estimation and forecasts for the overall market segments and sub-segments offered in the Rare-Earth Metals market study. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all statistics gathered during the whole market engineering process.
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are computed using weights assigned to each segment based on usage rate and average sale price. To determine the country-wise splits of the overall market and its sub-segments, the percentage adoption or usage of the given market Size in the relevant area or nation is employed.
Segmentation :
Rising demand of end-user industry: The main rare earth elements used in permanent magnet applications are neodymium, praseodymium, dysprosium, terbium, and yttrium. These metals have special characteristics, such as remanence and high coercivity, which can prevent permanent magnets from losing their magnetism even if they are used for a long time.
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Key Players :
• Lynas Corporation
• Alkane Resources
• Arafura Resources
• China Minmetals Rare
• Avalon Advanced Materials
• Iluka Resource
• Canada Rare Earth
• Shin-Etsu Chemical Co. Ltd.
• China Northern Rare Earth
• Molycorp Inc
• Rare Element Resources
• Eutectix
• Indian Rare Earths
• Great Western Minerals
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Acquisitions, partnerships, and collaborations were among the inorganic growth strategies mentioned in the industry. Industry participants in the Rare-Earth Metals market are expected to profit from strong future growth possibilities due to rising demand. The following are a few firms involved in the global Rare-Earth Metals industry.
Regional Analysis :
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after examining the political, economic, social, and technological variables influencing the Rare-Earth Metals market in these regions.
COVID-19 Impact Analysis on Rare-Earth Metals Market :
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Rare-Earth Metals market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Rare-Earth Metals Market Report are :
- What will be the Rare-Earth Metals market’s CAGR throughout the projected period?
- Which market category emerged as the market leader in the Rare-Earth Metals industry?
- Who are the key players in the Rare-Earth Metals market?
- How big will the Rare-Earth Metals market be in 2027?
- Which firm had the biggest market share in the Rare-Earth Metals industry?
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