These motors consist of powerful magnets made from neodymium and dysprosium. Europium, terbium, and yttrium are rare earth
elementsthat are used widely in the electronics industry to manufacture LCDs and color TVs. Cerium reduces transmission of UV light,
while lanthanum increases the glass reflective index for digital camera lenses.
Dysprosium, yttrium, neodymium, praseodymium and terbium have the greatest exposure to segments such asrechargeable batteries,
phosphors, permanent magnets, and polishing agents. This segments are also the fastest growing segment for rare earth elements.
Thus,the wide range of end-user applications is leading to higher usage of rare earth elements across the globe.
Get the PDF Brochure for more Professional and Technical industry insights:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5057
The global market for rare earth elements is expected to expand at a healthy rate in next eight years. China is major producer of rare earth
elements. The country produces approximately 94% of the global rare earth elements. China is also the leading consumer of rare earth
elements in the world; the country accounts for about 60% of global consumption. Though in coming years the monopoly of China in global
rare elements market is expected to witness a decline.
Some of the major companies operating in the global rare earth elements market include Arafura Resources, Alkane Resources Ltd.,
Avalon Rare Metals Inc., Quest Rare Minerals Ltd.,Greenland Minerals and Energy Limited, China Rare Earth Holdings Limited, Lynas
Corporation, Great Western Minerals Group Ltd., Rare Element Resources Ltd., Molycorp Inc.,and Frontier Rare Earths Limited.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth