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Rare Earth Elements Market 2025 Report by Future Scope, Size Estimation, Revenue, Pricing Trends, Regional Outlook

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Rahul Sharma
Rare Earth Elements Market 2025 Report by Future Scope, Size Estimation, Revenue, Pricing Trends, Regional Outlook

The scope of the global Rare Earth Elements Market was appreciated at US$ 2.80 billion in 2018. The range is projected to touch US$ 5.62 billion by 2025, growing at a CAGR of 10.4% for the duration of the forecast.

 

The rare earth elements most commonly used include lanthanum, neodymium, cerium, dysprosium, yttrium, and praseodymium. These products find their presence in production of catalysts and magnets for automotive industry. Praseodymium and neodymium are used for producing electric vehicles’ batteries whereas cerium acts as a catalyst in motor vehicles’ catalytic converters.

 

Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/rare-earth-elements-market/request-sample

 

Market Synopsis of Rare Earth Elements Market:

 

According to the IEA (International Energy Agency), the stock of electric cars across the globe had crossed 5 million in 2018 (around 63% rise as compared to 2017). It’s a known fact that the demand for electric vehicles is on the rise due to reduction in emission of CO2. This factor is expected to drive the usage of permanent magnets in battery production. Herein, praseodymium- and neodymium-based rare earth permanent magnets find prevalence.

 

Market Segmentation:

 

The global rare earth elements market is segmented based on product, application, and geography. By Product, the market spans cerium, erbium, dysprosium, yttrium, ytterbium, thulium, terbium, scandium, samarium, promethium, praseodymium, neodymium, lutetium, lanthanum, holmium, gadolinium, and Europium. By application, the rare earth elements industry comprises magnets, metallurgy, catalysts, polishing, glass, phosphors, ceramics, and others. By geography, the market says LATAM & Central America, Asia Pacific, Europe, North America, and MEA.

 

Regional Insights:

 

North America holds a considerable share and is expected to witness a CAGR of 8.2% in the upcoming period. Organic growth attributes to this growth For instance – Tesla, in the year 2018, did announce usage of neodymium in Model 3 Long Range Cars. Europe comes in second; with growing applications as catalysts, in glass, ceramics, metallurgy, and magnets.

 

View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/rare-earth-elements-market

 

Table of Contents:-

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Rare Earth Elements: Market Variables, Trends & Scope              

Chapter 4 Rare Earth Elements: Product Estimates & Trend Analysis

Chapter 5 Rare Earth Elements: Application Estimates & Trend Analysis

Chapter 6 Rare Earth Elements: End-use Estimates & Trend Analysis

Chapter 7 Rare Earth Elements: Industrial End-use Estimates & Trend Analysis

Chapter 8 Rare Earth Elements: Regional Estimates & Trend Analysis

Chapter 9 Competitive Landscape

Chapter 10 Rare Earth Elements: Manufacturers Company Profiles

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