The Cerium market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 2025.
Cerium is a very soft and ductile metal which oxidizes very easily in the air. The metallic cerium is manufactured using metallothermic process which in turns gives cerium of higher purity. Cerium is used as catalysts and adhesives in numerous commercial applications. Cerium exhibits properties similar to that of calcium and accumulates in the bones in small amounts. Cerium can be found in small amounts in barley and tobacco plants.
The market for cerium was mainly driven by the growing demand for rare earth metal catalysts from various manufacturing sectors. In addition, there is huge demand for cerium in China and other Asian countries. Cerium is used in various applications such as polishing powder, adding colors in ceramics and glass, flints in lighters and in self-cleaning ovens. More exploration of unmined reserves and recycling of cerium metal from e-waste can provide opportunities for the market.
As the report focuses on global Cerium market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In global market, the following companies are covered:
Avalon Rare Metals
China Minmetals Rare Earth
Baotou Hefa Rare Earth
Lynas
Market Segment by Product Type:
Dispersion
Powder
Market Segment by Application:
Electronics Sector
Manufacture
Construction
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Cerium market for the forecast period 2020 - 2025?
• What are the driving forces in the Cerium market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Cerium industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?