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Precious Metals Market By Type (Platinum, Gold, Ruthenium, Palladium, Silver, and Others), By End-Use Industry (Automotive, Electronics, Jewelry, Chemicals, Investment, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 22-Apr-2021 Category: Consumer Goods Report Format : PDF Pages: 110 Report Code: ZMR-355 Status : Published

The global precious metals market accounted for USD 142.54 Billion in 2020 and is expected to reach more than USD 240.08 Billion by 2028, growing at a CAGR of 7.6% from 2021 to 2028.

Description

Market Overview

The global precious metals market accounted for USD 142.54 Billion in 2020 and is expected to reach more than USD 240.08 Billion by 2028, growing at a CAGR of 7.6% from 2021 to 2028.

Gold and silver have been envied for a long time owing to their value. Even today, investors are investing in a portfolio in these precious metals. Precious metals can be a good portfolio to invest in as it diversifies and hedge the risk against inflation. Gold isn’t the only metal out there in which investors are willing to invest. Platinum, Silver, and palladium can be added to the portfolio as each metal has its own opportunities and unique risks.

COVID-19 Impact Analysis

COVID-19 severely impacted demand and supply for precious metal market. The Petrochemical and automobile industry which are the major consumers of the market are negatively affected by pandemic owing to lockdown rules and regulations on transportation. Several countries went into lockdown due to pandemic, which led to minimal use of personal vehicles, thus affecting negatively the demand of automotive catalysts which are used in the vehicle exhaust streams. This resulted in decrease in the demand for precious metal catalysts.

Growth Factors

Gold and silver, specifically in jewelry market, is estimated to witness a steady growth over the forecast period. Gold and silver have played an important part in marriages, especially in China and India. A significant amount of gold and silver is used in the form of ornaments and jewelry. The wedding market segment of India and China is likely to show numerous growth opportunities for the gold and silver jewelry market over the coming years.

Precious metals like gold are also used for investment purposes. It is usually traded in stock exchange market associated with decreasing share prices attributed to its intensifying high prices.

Report Scope

Type Segment Analysis Preview

Platinum is projected to grow at a CAGR of around 6.5% over the forecast period. Platinum catalyst helps in reducing carbon dioxide (CO2) emission. It is widely used in automobile sector to lower down the harmful effect of pollutants released by industrial processing units. It can also be validated by increase in sale of diesel consuming vehicles. Platinum is also used as one of the important emission control catalysts. The auto-catalysts helps in reducing emissions from diesel and gasoline engines and enhance the energy efficiency.

Moreover, Platinum is used to improve medical technology to enhance health care. Platinum is also used in pharmaceutical sector as many catalysts rely on palladium, platinum, ruthenium, iridium, rhodium, and osmium. ?Sources like refinery & petrochemical complexes, automobiles, chemical industries, natural gas processing plants, oil, and pharmaceutical industries, among others, are getting familiar with an increase number of applications for platinum-based emission catalysts and thus increasing the market.

End-Use Industry Segment Analysis Preview

Investment segment is projected to grow at a CAGR of around 7% from 2021 to 2028. The ongoing declining prices of gold, platinum have generated a greater attraction from the investors and is likely to continue in the future. Industrial segment held a substantial share in the market owing to the growth in electrical industry wherein silver is one of the main metals used.

Jewelry segment has also contributed majorly in the overall market growth. Gold and silver have played an important part in marriages, especially in China and India. The wedding market of both the countries offers round the year opportunities for the vendors, thereby driving the demand for precious metals, mainly gold and silver.

Regional Analysis Preview

Asia Pacific accounted for a share of around 35% in 2020. China has an extensive influence over the precious metals market. The country is leading in consumption of gold and PGM. Strong manufacturing sector of China is the main factor spurring the demand in the country. India as an alternative powerhouse of the region. India is the second largest consumer for gold in Asia Pacific. India also has a strong jewelry market due to the wedding industry. Similarly, the country is also evolving its capabilities in manufacturing industry by attracting foreign investors in the field of energy, construction, automotive, chemical, and many more.

Key Market Players & Competitive Landscape

Some of key players in Precious Metals Market are Barrick Gold, First Quantum Minerals, Gold Fields Limited, Goldcorp Inc., Goldcorp Freeport McMoRan Copper & Gold Inc., Gabriel Resources Ltd, Lundin Mining, Harmony Gold Mining Company Ltd., North American Palladium Ltd., BASF, Clariant, Johnson Matthey, Umicore Galvanotechnik GmbH, GlencoreXstrata, and Evonik Industries AG, among others. The industry players are focusing in joint ventures to mine and explore precious goods in African countries, where there are many untapped reserves are yet to be discovered.

The global precious metals market is segmented as follows:

By Type

  • Platinum
  • Gold
  • Ruthenium
  • Palladium
  • Silver
  • Others

By End-Use Industry

  • Automotive
  • Electronics
  • Jewelry
  • Chemicals
  • Investment
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1: Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2: Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By End-Use Industry
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Precious Metals Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3: COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4: Precious Metals Market – Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Platinum
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Guld
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Ruthenium
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Palladium
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Silver
      • 4.6.1. Market Size and Forecast, By Region (USD Million)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.7. Others
      • 4.7.1. Market Size and Forecast, By Region (USD Million)
      • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5: Precious Metals Market – End-Use Industry Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By End-Use Industry, 2020 & 2028
    • 5.2. Automotive
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Electronics
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Jewelry
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Chemicals
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Investment
      • 5.6.1. Market Size and Forecast, By Region (USD Million)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.7. Others
      • 5.7.1. Market Size and Forecast, By Region (USD Million)
      • 5.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6: Precious Metals Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Type, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Type, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Type, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By End-Use Industry, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Type, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Type, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Type, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Type, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Type, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By End-Use Industry, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Type, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Type, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Type, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Type, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By End-Use Industry, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Type, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Type, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By End-Use Industry, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By End-Use Industry, 2016 – 2028
      • 6.6.6. Rest of Middle-East Africa
        • 6.6.6.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.6.2. Rest of Middle-East Africa Market Revenue, By End-Use Industry, 2016 – 2028
  • Chapter No. 7: Precious Metals Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
    • 7.3. Market Restraints
    • 7.4. Market Opportunities
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technulogy Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Precious Metals Market Company Market Share, 2019
      • 8.1.2. Global Precious Metals Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. Global Precious Metals Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Precious Metals Market Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Barrick Guld
    • 9.2. First Quantum Minerals
    • 9.3. Guldcorp Freeport McMoRan Copper & Guld Inc.
    • 9.4. Guld Fields Limited, Guldcorp Inc.
    • 9.5. Gabriel Resources Ltd
    • 9.6. Lundin Mining
    • 9.7. North American Palladium Ltd
    • 9.8. GlencoreXstrata
    • 9.9. Harmony Guld Mining Company Ltd
    • 9.10. BASF
    • 9.11. Clariant
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodulogy
    • 11.1. Research Methodulogy
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Methodology


Frequently Asked Questions

The global precious metals market was valued at USD 142.54 Billion in 2020.

The global precious metals market is expected to reach USD 240.08 Billion by 2028, growing at a CAGR of 7.6% between 2021 to 2028.

Some of the key factors driving the global precious metals market growth are use of metals in industrial sector, jewelry sector, and investment sector.

Asia Pacific region held a substantial share of the precious metals market in 2020. India and China has a strong jewelry market due to the wedding industry.

Some of key players in precious metals market are Barrick Gold, Goldcorp Freeport McMoRan Copper & Gold Inc., First Quantum Minerals, Gold Fields Limited, Goldcorp Inc., Gabriel Resources Ltd, Lundin Mining, North American Palladium Ltd, Harmony Gold Mining Company Ltd, BASF, Clariant, Johnson Matthey, Umicore Galvanotechnik GmbH, , GlencoreXstrata, and Evonik Industries AG, among others.

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