Global Rare Earths Market to Surpass US$8.19 Billion by 2018

Transparency Market Research has released a new report on the global rare earth metals market. The firm expects the market for rare earths to grow steady over the next five years on the back of growing demand for rechargeable batteries, clean energy and cleaner technologies.

As quoted in the press release:

Transparency Market Research, in its latest research report states that the global rare earth metals market will grow at a CAGR of 13.0% from 2012 to 2018. This market was valued at $ 3.93 billion in 2012, and is expected to reach $ 8.19 billion by 2018. Additionally, the volumes of global rare earth metals are expected to go beyond 290 kilo tons by 2018. The report titled, “Rare Earth Metals Market – Global Industry Analysis, Applications (Magnets, Catalysts, Metallurgy, Phosphors, Ceramics & Others), Size, Share, Growth, Trends and Forecast, 2012 – 2018″, is available for sale on the company’s website.

Click here to read the Transparency Market Research press release