Lewes, DE -- (SBWIRE) -- 12/23/2015 -- Report forecast the global rare earth metals market to grow at a CAGR of 10.19% by demand volume over the period 2014-2019.

Rare earth metals have unique physical and chemical properties, which make them suitable to alloy with other metals for use in applications that require enhanced magnetic strength, high temperature resistance, and other properties. They are widely used in the manufacture of magnets for wind turbine generators and for the electrodes in metal hydride batteries.

These metals are also used in various applications pertaining to catalytic converters, fluorescent lighting, and memory storage. Increased demand for high performance materials from automotive and renewable energy applications coupled with an expanding supplier base is driving the growth of this market.

According to the report, increasing use of rare earth metals in the wind energy sector and NiMH batteries stand as the prominent ones. Rare earth elements are widely used in the manufacture of magnets for wind turbine generators and for the electrodes in metal hydride batteries.

Further, the report states that one major challenge that stands is the supply demand gap. Despite a broad scope of application and a growing demand, the supply of these elements is geographically concentrated with the dominance of a few countries.

Global Rare Earth Metals Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion of the market, an extensive coverage on different types of application segments, elements, and demand-supply dynamics in various geographies. The report provides comments on both the existing market landscape and its growth prospects over the forecast period. The report further includes a discussion of the key vendors operating in this market.

key players in the Global Rare Earth Metals Market: Alkane, Arafura, Avalon, Canada rare earth and Molycorp

Other Prominent Vendors in the market are: China Rare Earth Holdings, Frontier Rare Earths, Greenland Minerals and Energy, Indian Rare Earths, Jiangxi Copper, Lynas, Montero Mining and Exploration, Namibia Rare Earths, Quest Rare Minerals, Rare Element Resources, Showa Denko, and Ucore Rare Metals.

The report presents data on the following segments of the market:
- Applications: permanent magnets, battery alloys, catalysts, polishing powder, phosphors, glass additives, ceramics, and others
- Elements: Light rare earth metals and heavy rare earth metals
- Geography: China, Rest of Asia, US, and others

Market drivers
- Exorbitant deposits of rare earth oxides
- For a full, detailed list, view our report

Market challenges
- Unavailability of skilled professionals in the mining sector
- For a full, detailed list, view our report

Market trends
- Increasing number of rare earth metal exploration projects
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the various end-uses and potential applications for the product?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space and what is the nature of competition between them?
- What are the market opportunities and threats faced by the key vendors?

Spanning over 99 pages and 43 Exhibit "Global Rare Earth Metals Market 2015 - 2019" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Pricing analysis, Key vendor analysis, Appendix.

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