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The Rare-Earth Metals Market was valued at US$ 5.96 Billion in 2023. The need for these materials in the fabrication of magnets and catalysts for the automobile industry is driving the market. Cerium is commonly utilised as a catalyst in automobile catalytic converters, whereas neodymium and praseodymium are used in the creation of electric vehicle batteries. According to the International Energy Agency, the global stock of electric automobiles surpassed 5 million in 2019, up 63 % from 2018.

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High purity gases are specifically designed to be used in analytical activities. With the lowest level of impurities that are available in the market, these gases provide consistent and reliable operations and analytical results. High purity industrial gases are routinely delivered in large quantities having purities exceeding 99.999%. Other commodity materials, whether in liquid or solid form, much less typically have purity exceeding 99.9%.