Rare Earth Elements: Substitute Materials to Provide Global Industry with New Options


Published on : Mar 21, 2018

Albany, New York, March 21, 2018: Rare Earth Elements: Under pressure, global industry responds with new solutions” is a newly introduced report to the repository of Market Research Hub (MRH). The report on rare earth elements  highlights that the supply of rare earth elements is gradually ceasing and this pressure compels the global industry look out for new, reliable solutions to survive the competition. In addition to secure the supply of rare elements, the industry is focusing on discovering the trustworthy solutions – at this moment, substitute materials.

Rare earth elements are the chemically similar metallic elements that generally occur together in nature and cannot be easily separated from each other. Several end-use industries today largely depend on rare earth elements, especially electronics. Consumer products sector has been transformed by rare earth elements. From smartphones to jet engines, a myriad products rely on rare earth materials to a great extent and a majority of them are exported by China. However, following the limitations regarding rare elements supply by China and depleting natural, profitable reserves, the world is likely to face the real problem in near future. While several end-users are likely to get exposed to scarcity of rare elements in the upcoming period, the global industry is witnessing promising emergence of alternative materials.

Due to exploding demand for rare earth elements, researchers, experts, and players active in the field of rare elements have been heralding innovative ideas for overcoming the overdependence on rare elements. Recycling is being looked at as a relevant solution, in addition to development of alternative materials. A number of companies have already brought no-use-of-rare-elements into the mainstream production. In a nutshell, the industry is undergoing a major paradigm shift in a bid to refrain from relying majorly on rare earth elements. However, successful efforts till now are not sufficient to meet the level of consumption by end-use industries.

Scope of the report

The report explores long-term impact of rare earth elements on the global industry and also assesses the overdependence of major end-use industries on rare earth elements. It further talks about the development of a wide range of substitute materials that can be or are already being used in various applications. In addition to analyzing the overall impact of geopolitics on rare elements, the report offers in-depth examination of the developments in rare earth elements recycling.

Why should you invest in this report?

We recommend to buy this report for a clear understanding of the overall industrial scenario with respect to rare earth elements. The report also answers key queries, including where has the industry reached in terms of development of substitute materials for rare elements. Another question that this report addresses is does recycling of rare elements have a crucial role in their recovery. Here are a few more, which the report will be answering.

- Is there any possibility of reduced industry dependence on rare earth elements?

- How far have the efforts of not using rare elements come? Will they prove to be successful in near future?

To know more about top end-use applications of rare earth elements and access full report, feel free to contact.

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