North America Rare Earth Metals Market is Expected to Grow a

1. MicroMarket Monitor World’s 1st Real Time Market Intelligence Forecasts North America Rare Earth Metals Market is Expected to Grow at a CAGR of 8% http://www.micromarketmonitor.com/market/north-america-rare-earth-metals-8156092312.html

2. Browse through the market data tables, figures and detailed ToC on the “North America Rare Earth Metals”. http://www.micromarketmonitor.com/market/north-america-rare-earth-metals-8156092312.html http://www.micromarketmonitor.com/market/north-america-rare-earth-metals-8156092312.html

3. The high demand in the current and emerging applications, increasing demand for clean energy, initiatives of associations and regulatory bodies, and the population trends are the major factors which drive the growth of the global rare earth metals market. • The rare earth metals are used in various direct applications ranging from permanent magnets, catalysts, phosphors, glass additives, polishing, and x-rays, among others. • North America is the second-largest region in the world for rare earth metals. North America’s mine deposits, innovative technologies, and research & development enable the region to meet the high demand in rare earth metals. • The U.S. had the highest demand for rare earth oxides in North America, followed by Canada. The U.S. is expected to be the fastest growing region, at a CAGR of around 8%. • North America has been the most active region in terms of number of developments, followed by Asia-Pacific. • Great Western Minerals Group Ltd. (Saskatoon, Canada) and Molycorp Inc. (Colorado, U.S.) are among the most active players in the market. http://www.micromarketmonitor.com/market/north-america-rare-earth-metals-8156092312.html

4. Europe Rare Earth Metals Market: • The European market for rare earth oxides is mostly dependent upon imports and is facing a rigorous challenge to meet the growing demand. • Petroleum, automobile, industrial, and other catalyst market segments are all set to grow moderately over the next five years, which eventually would increase the rare earth consumption. • Europe focuses on investments in the necessary innovative technologies for rare earths recycling and substitution. • The European market is projected to grow at a CAGR of around 10 – 12%, during the forecast period. • The European Union imports more than 90% of its rare earth metal needs from countries such as China, due to insufficient domestic supply within the region. • http://www.micromarketmonitor.com/market/europe-rare-earth-metals-3477668352.html

5. Asia-Pacific Rare Earth Metals Market:  • Asia- Pacific is the top region in terms of total rare earth material consumption due to the rapidly increasing demand in China, which accounts for approximately 60% of the global rare earth consumption. • China highly dominates the market, followed by Japan and other countries such as India, Australia, and Malaysia. • Asia-Pacific was the largest consumer of rare earth elements in 2013, with estimated market revenue of over $3.74 billion. • The region is also likely to witness the fastest growth in terms of consumption as a result of the growing industrialization and extraction activities in China. • The major companies in the region of Asia-Pacific are Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co Ltd. (China) and MinmetalsGanzhou Rare Earth Co. Ltd. • http://www.micromarketmonitor.com/market/asia-pacific-rare-earth-metals-8699602155.html

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