Rare earth oxide demand value worldwide 2014-2020

This statistic shows the value of the demand for rare earth oxides (REOs) worldwide in 2014, with two projected values for the demand in 2020, each based on different market scenarios. In 2014, the demand for REOs amounted to a value of 3.76 billion U.S. dollars, and the projected value of the demand for REOs in 2020 (based on an optimistic scenario) is 9.48 billion U.S. dollars, while the pessimistic scenario places the 2020 demand value at 8.26 billion U.S. dollars.

Value of rare earth oxide demand worldwide in 2014 and 2020

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Source

Release date

October 2014

Region

Worldwide

Survey time period

as of October 2014

Supplementary notes

* Projected figures: the optimistic scenario is calculated based on a 16.7 percent compound annual growth rate between 2014 and 2020, and the pessimistic scenario is based on a compound annual growth rate of 14 percent between 2014 and 2020.

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Statistics on "Rare earths"

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