Rare Earth Metals Market Is Expected to Rise to a Valuation of Us$8.2 Bn by 2018

Transparency Market
Research
Rare Earth Metals Market - Global Industry Analysis,
Applications Size, Share, Growth, Trends and Forecast
2012 – 2018
Published Date
19-03-2013

108 Page Report

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Press Release

Global Rare Earth Metals Market to Expand at 13.0% CAGR
between 2012 and 2018

Transparency Market Research
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Rare Earth Metals Market

REPORT DESCRIPTION

In a recent market research study about the global rare earth metals market for , Transparency Market
Research (TMR) states that the market will tread along an impressive growth path over the period between
2012 and 2018 and expand at a 13.0% CAGR. If the growth figures hold true, the market, which had a
valuation of US$3.9 bn in 2012, will reach US$8.2 bn by 2018. In terms of volume, the market is expected
to rise to a valuation of 290 kilo tons by 2018.The report is titled “Rare Earth Metals Market - Global
Industry Analysis, Applications Size, Share, Growth, Trends and Forecast, 2012 - 2018” and is available at
the company website for sale.
Rare earth metals are used on a large scale in everyday devices such as DVDs, automotive catalytic
converters, fluorescent lighting, cell phones, rechargeable batteries, magnets, etc.The booming market for
mobile devices has led to an increased demand for rechargeable batteries in the past few years. As a
result, the demand for rare earth metals, which find great use in recyclable power backups, has also been
on a constant rise in the past few years. The rising demand for clean energy and actions taken by
environmentalists and government agencies for promoting the increased use of clean energy techniques
are other key factors driving the rare earth metals market. However, the market is also expected to be
restrained to a certain extent over the report’s...