Rare Earth Metals Market Estimated To Experience A Hike In Growth By 2020
Posted by samantawill74 on July 16th, 2020
India, South Korea and China are expected to provide significant opportunities in the rare earth metals market over the coming years. North America, Japan and Asia Pacific are projected to remain the key regions in the global rare earth metals market throughout the forecast period. In a new publication titled “Rare Earth Metals Market: Global Industry Analysis and Opportunity Assessment, 2016–2026,” the analysts of Future Market Insights have indicated that leading players in the global rare earth metals market are focussing on strategic mergers and acquisitions with other players in the market in order to increase their global reach and enhance their product offerings. We have differentiated the strategies of the manufacturers in the market and observed that long-term partnerships with suppliers is necessary to narrow down the demand-supply gap. Manufacturers are focussing on product development and innovation strategy.
The report begins with the market definition. The market dynamics section includes Future Market Insight’s analysis of key trends, drivers, restraints, opportunities and macro-economic factors influencing the growth of the globalrare earth metals market. The report analyses the market on the basis of application and metal type and presents a forecast by value for the next 10 years. The global rare earth metals market has been analysed in terms of basis point share (BPS) to understand segmental contribution to overall market growth. This detailed level of information is important for identifying various key trends in the global rare earth metals market.
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A competitive landscape has been included in the report to provide a dashboard view of key companies operating in the global rare earth metals market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global rare earth metals market as well as the potential players. This section also includes market strategies and SWOT analysis of the main players operating in the global rare earth metals market. Detailed profiles of rare earth metals manufacturers are also included in the scope of the report to evaluate their long- and short-term business and growth strategies.
The report also highlights the consumption of primary rare earth metals across the globe. Weighted Average Selling Price (ASP) has been considered to deduce market values. Top-down approach has been used to assess market numbers for each product category. Bottom-up approach has been used to counter validate the market estimations. Macro-economic indicators such as GDP and industrial production index have been considered while forecasting market numbers.
We have considered Year-on-Year (Y-o-Y) growth to understand the predictability of the market and to identify growth opportunities for companies operating in the global rare earth metals market. Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective. To understand key segments in terms of their growth and performance in the global rare earth metals market, Future Market Insights has developed a market attractiveness index to help providers identify existing market opportunities.
A number of primary and secondary sources have been consulted during the course of this study. Secondary sources include Factiva, World Bank, and Hoover’s. Companies’ annual reports and publications have also been examined while drafting this report. Market size and forecast for each segment have been provided in the context of global and regional markets. The global rare earth metals market has been analysed based on anticipated market demand. Prices considered for the calculation of revenue include average regional prices obtained through primary quotes from numerous regional rare earth metals manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Regional demand patterns have been considered while estimating the market for various end users of rare earth metals across different regions.
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