Chemical Research

  Rare earth metals refer to a set of seventeen metallic elements such as Neodymium, Praseodymium, Dysprosium, Terbium, and Yttrium. Rare earth metals find wide applications in clean energy technologies such as electric vehicles, wind turbines, solar panels, etc. due to their unique magnetic and luminescent properties. Clean energy technologies require rare earth metals to manufacture high-performance magnets, rechargeable batteries, fluorescent lighting, and other green technologies. With the growing demand for sustainable and renewable source of energy to mitigate climate change, the adoption of clean energy technologies has accelerated significantly. The global Rare Earth Metals Market is estimated to be valued at US$ 4710.8 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The strong demand from the clean energy sector is one of the key trends drivi...

  Rare earth metals find extensive applications in various industries like automotive, consumer electronics, defense, healthcare, and others due to their unique magnetic and luminescent properties. Rare earth metals play a crucial role in manufacturing of high-strength permanent magnets, rechargeable batteries, catalysts, phosphors, and polishing compounds. They are integral components of many technologies including electric and hybrid vehicles, wind turbines, LED lights, smartphones, flat screen displays, and others. The growing adoption of electric vehicles and increasing sales of consumer electronics are the major factors contributing to the rising demand for rare earth metals. The global Rare Earth Metals Market is estimated to be valued at US$ 4710.8 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The robust growth of the consumer electronics ind...