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2 RARE EARTH METALS MARKET BY TYPE (Lanthanum, Cerium, Neodymium, Praseodymium, Samarium, Europium & Others), & APPLICATION (Magnets, Metals Alloys, Polishing, Additives, Catalysts, Phosphors, & Others) MarketsandMarkets

3 MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers fourteen industry verticals, including aerospace & defence, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. Copyright 2014 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets. MarketsandMarkets Sample Pages 2

4 1 RARE EARTH METALS MARKET, BY APPLICATION 1.1 INTRODUCTION Rare earth metals are used in mature markets as well as in newer applications which are high growth markets. The rare earth metals are increasingly used in the new technologies such as clean energy, defense and consumer electronics sectors. In terms of application of rare earth oxides, this market can be segmented majorly into eight types. The major applications of rare earth oxides are permanent magnets, metal alloys, polishing, glass additives, catalysts, phosphors, ceramics, and others. The figure below shows the rare earth oxides segmentation by application. FIGURE 1 RARE EARTH OXIDES MARKET SEGMENTATION, BY APPLICATION Others Permanent Magnets Ceramics Metal Alloys Application Phosphors Polishing Catalysts Glass Additives Source: U.S. Geological Survey, Factiva, Company Websites & Presentations, Press Releases, Expert Interviews, and MarketsandMarkets Analysis MarketsandMarkets Sample Pages 3

5 1.2 MARKET ANALYSIS This chapter analyzes the rare earth oxide market and its trend with respect to seven major applications, which are permanent magnets, metal alloys, polishing, glass additives, catalysts, phosphors, and ceramics. The use of rare earth is widespread with several other small applications as well, covered in the other applications of rare earth. Permanent magnets account for the major share of the global consumption of rare earth oxide. The table below provides estimates for the application-wise consumption of rare earth oxide from 2011 to TABLE 1 RARE EARTH OXIDE MARKET SIZE, BY APPLICATION, (TONS OF REO) Application CAGR% ( ) Permanent magnets XX XX XX XX XX Metal alloys XX XX XX XX XX Glass polishing XX XX XX XX XX Glass additives XX XX XX XX XX Catalysts XX XX XX XX XX Phosphors XX XX XX XX XX Ceramics XX XX XX XX XX Others XX XX XX XX XX Total XX XX XX XX XX Source: USGS, Metal Pages, Rare Earth Metal Journals & Magazines, Factiva, Company Websites & Presentations, Press Releases, Expert Interviews, and MarketsandMarkets Analysis MarketsandMarkets Sample Pages 4

6 The ever rising demand of permanent magnets in the global automotive industry leads to an increase in the usage of rare earth metals. Hence, in the present scenario, the permanent magnets market dominates the rare earth metals usage. It held a maximum share of XX% in Metal alloys have the second-largest market in 2013 with a share of XX% because of its extensive uses in various fields including automotive, aerospace, and construction. The demand for phosphors is estimated to grow at a high CAGR of XX% from 2013 to 2018, as it is an essential component for fertilizers without which the demand for earth s food cannot be supported METAL ALLOY Introduction REEs are added to host metals such as aluminum, iron, steel, and other in small quantities to improve the physical properties of the resulting alloys. The elements are added as ferroalloys, master alloys, mischmetal (a mix of mostly cerium and lanthanum oxides). Cerium is the largest used element in metallurgy applications followed by lanthanum and neodymium. Lanthanum is added to steel to improve malleability. Cerium and cast iron alloy is used in auto engines to improve machine ability. Cerium is used in the production of stainless steel as a precipitation hardener. Praseodymium in combination with neodymium is used as an alloying agent in magnesium castings. These are used in the production of aircraft engines. The batteries used in hybrid cars use an alloy of generic composition of lanthanum and nickel materials as anode elements. A rare earth element used as anode materials enables the storage of large quantities of hydrogen required for the operation of the battery. Nickel metal hydride batteries are likely to continue to be used in applications that favor cost savings over energy and power performance and will see growth in demand in line with the economy. MarketsandMarkets Sample Pages 5

7 FIGURE 2 REO CONSUMPTION FOR METAL ALLOY MARKET IN 2013 XX% XX% XX% XX% XX% Ce La Ne Pe Sm Sources: USGS, Metal Pages, Rare Earth Metal Journals & Magazines, Factiva, Company Websites & Presentations, Press Releases, Expert Interviews, and MarketsandMarkets Analysis Cerium oxide and lanthanum oxide dominates the REO consumption for metal alloy market in 2013, each accounting for XX% and XX% of the total market respectively. MarketsandMarkets Sample Pages 6

8 2 RARE EARTH METALS MARKET, BY GEOGRAPHY 2.1 NORTH AMERICA NORTH AMERICA: RARE EARTH OXIDE MARKET SIZE, BY TYPE Terbium Oxide Demand is Expected to See Rapid Growth TABLE 2 NORTH AMERICA: RARE EARTH OXIDE MARKET SIZE, BY TYPE, (TONS OF REO) Type CAGR% ( ) Lanthanum oxide XX XX XX XX XX Cerium oxide XX XX XX XX XX Praseodymium oxide XX XX XX XX XX Neodymium oxide XX XX XX XX XX Samarium oxide XX XX XX XX XX Europium oxide XX XX XX XX XX Gadolinium oxide XX XX XX XX XX Terbium oxide XX XX XX XX XX Dysprosium oxide XX XX XX XX XX Yttrium oxide XX XX XX XX XX MarketsandMarkets Sample Pages 7

9 Type CAGR% ( ) Others oxide XX XX XX XX XX Total XX XX XX XX XX Source: U.S. Geological Survey, Factiva, Company Websites & Presentations, Press Releases, Expert Interviews, and MarketsandMarkets Analysis The demand in North America was dominated by cerium oxide with a market share of XX%; however, being a component of a mature market, its growth rate is comparatively lower than the other applications. Terbium oxide is expected to have the highest growth with an expected CAGR of XX%. MarketsandMarkets Sample Pages 8

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