The rare earth metals market offers a good growth opportunity and is likely to grow at >5% CAGR during the forecast period of 2020 to 2025. Cerium oxide is the most dominant rare earth metal accounting for 38% of the market in 2015, followed by Lanthanum oxide with 24% share. Cerium oxide and Lanthanum oxide are cheaper than other rare earth metals and are widely used in the metal alloys, catalysts, and glass phosphors.

The rare earth metals market offers a good growth opportunity and is likely to grow at >5% CAGR during the forecast period of 2020 to 2025. Cerium oxide is the most dominant rare earth metal accounting for 38% of the market in 2015, followed by Lanthanum oxide with 24% share. Cerium oxide and Lanthanum oxide are cheaper than other rare earth metals and are widely used in the metal alloys, catalysts, and glass phosphors.