Radiation Detection Market, 2016-2024: By Type, Applications, Segment Rare Earth Metals Market will continue to grow by | Page 3

Rare Earth Metals Market
discovery and processing of rare earth metals are also lowering the growth of the global
earth metal market.
On the other hand, high cost of ownership for the processing of rare earth metals is the
main reason hampering the growth of global earth metal market. Besides, high cost for raw
material is one of the reasons that are decreasing the growth of the global market.
Moreover, high cost for transportations is also one of the significant reasons that are
restraining the growth of the global market.
Global Rare Earth Metals Market: Segmentation
Based on the type, the global earth metal market is mainly classified as praseodymium,
lanthanum, neodymium, cerium, promethium, samarium, dysprosium, europium, gadolinium,
holmium, thulium, terbium, yttrium, scandium, ytterbium, erbium, lutetium, and others.
On the basis of applications, the global market is divided into catalyst, magnets, ceramics,
metallurgy, glass, phosphors, polishing, and others.
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Global Rare Earth Metals Market: Regional Analysis
The global market for earth metal is regionally segmented into the Middle East and Africa,
North America, and Asia Pacific. The rising demand for rare earth metals from the
permanent magnet industry is boosting the global market in the U.S. and Canada. The
growing recycling of rare metals from e-waste and the exploration of unmined reserves is
towering the global market in countries such as India and China. The rest of the world will
witness a steady and slow growth in the global market in the coming future.