Market Overview:
The global high pure platinums market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for platinum in various applications, such as medicine, jewelry, chemical equipment, electronic and others. Additionally, the growing demand for high purity platinum from emerging economies is also contributing to the growth of this market. However, fluctuations in prices of platinum and its alloys may restrain the growth of this market during the forecast period.
Product Definition:
High pure platinum (HPt) is an alloy of platinum made up of at least 99.95% platinum. It is used in a variety of applications, including the production of medical devices, electrical contacts and jewelry. Platinum is a valuable metal with many desirable properties, including its resistance to corrosion and its ability to withstand high temperatures.
3N:
3N, also known as triple neutral, is a term used for the base or starting point in any type of plating process. It has no effect on the color of an item being plated and does not affect its nutritional value. The only difference between 3N and 6N items are their sizes; while 6N has more surface area per unit volume than 3N, both have similar weight to volume ratio.
4N:
4N is the abbreviation for Four Nuclei. It is a system that represents an important aspect of platinum-based drug therapy in cancer treatment. The 4N model includes four key elements to represent the activity of platinum compounds used in cancer treatment: nuclear localization, non-pluripotent differentiation, apoptosis inhibition and necrosis induction.
Application Insights:
High purity platinums are used in a variety of applications including electronics, chemical processing, medicine, and jewelry. Electronics application segment accounted for the largest share of over 30% in 2017. The growth is attributed to increasing demand for high-quality semiconductors from various end-use industries such as telecommunication & IT and automotive which require low impurities level.
Platinum group metals have excellent properties such as high thermal conductivity which makes it suitable to use in heat exchangers or radiators that transfer heat from one medium to another medium with lower temperature. Platinum also has a higher melting point than other metals making it suitable for use in crucibles used during steel production process wherein the metal melts and flows at around 1,480°F (900°C).
Regional Analysis:
North America dominated the global high pure platinums market in 2017. North America is a major consumer of medical and dental equipment, which requires high purity platinum with low contaminants. The region’s dominance can be attributed to stringent regulations by regulatory agencies such as the U.S. FDA and EPA regarding quality standards for medical devices manufacturing that have driven manufacturers to increase their production capacities for these products in this region over other regions globally.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing demand from various end-use industries such as electronics, automotive, etc., especially from China and India on account of rapid industrialization coupled with government support for infrastructure development activities has led these countries becoming major hubs worldwide thus driving growth across all segments including construction machinery, electronic components & appliances among others requiring platinum group metals (PGM).
Growth Factors:
- Increasing demand for platinum in various industrial applications is expected to drive the growth of the global high pure platinums market over the forecast period.
- Growing automotive industry is also anticipated to fuel the demand for high purity platinums, as these metals are extensively used in catalytic converters and emission control systems.
- Rising investments in research and development activities for new applications of platinum is likely to create new opportunities for market players operating in this space over the next few years.
- Increasing use of platinum nanoparticles in biomedical and healthcare sectors is projected to boost its demand significantly over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Pure Platinums Market Research Report
By Type
3N, 4N, 5N, Others
By Application
Medicine, Jewelry, Chemical Equipment, Electronic, Others
By Companies
ALB Materials Inc, American Elements, J＆J Materials, Pi-Kem, Ames Goldsmith, Advent Research Materials Ltd, Ferro Corporation, Sino-Precious Metals Holding Co.,Ltd, Changshu Changhong Precious Metal Co.,Ltd, Beijing Goodwill Metal Tech, Beijing Huanqiu Jingding, Zhongnuo Advanced Materials Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global High Pure Platinums Market Report Segments:
The global High Pure Platinums market is segmented on the basis of:
Types
3N, 4N, 5N, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medicine, Jewelry, Chemical Equipment, Electronic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ALB Materials Inc
- American Elements
- J＆J Materials
- Pi-Kem
- Ames Goldsmith
- Advent Research Materials Ltd
- Ferro Corporation
- Sino-Precious Metals Holding Co.,Ltd
- Changshu Changhong Precious Metal Co.,Ltd
- Beijing Goodwill Metal Tech
- Beijing Huanqiu Jingding
- Zhongnuo Advanced Materials Technology
Highlights of The High Pure Platinums Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 3N
- 4N
- 5N
- Others
- By Application:
- Medicine
- Jewelry
- Chemical Equipment
- Electronic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Pure Platinums Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High pure platinum is a metal with a purity of 99.9%. It is often used in jewelry and other precious metals products because it has a high value and does not corrode.
Some of the major companies in the high pure platinums market are ALB Materials Inc, American Elements, J＆J Materials, Pi-Kem, Ames Goldsmith, Advent Research Materials Ltd, Ferro Corporation, Sino-Precious Metals Holding Co.,Ltd, Changshu Changhong Precious Metal Co.,Ltd, Beijing Goodwill Metal Tech, Beijing Huanqiu Jingding, Zhongnuo Advanced Materials Technology.
The high pure platinums market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Pure Platinums Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Pure Platinums Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Pure Platinums Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Pure Platinums Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Pure Platinums Market Size & Forecast, 2020-2028
4.5.1 High Pure Platinums Market Size and Y-o-Y Growth
4.5.2 High Pure Platinums Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 3N
5.2.2 4N
5.2.3 5N
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medicine
6.2.2 Jewelry
6.2.3 Chemical Equipment
6.2.4 Electronic
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Pure Platinums Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Pure Platinums Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 3N
9.6.2 4N
9.6.3 5N
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medicine
9.10.2 Jewelry
9.10.3 Chemical Equipment
9.10.4 Electronic
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 3N
10.6.2 4N
10.6.3 5N
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medicine
10.10.2 Jewelry
10.10.3 Chemical Equipment
10.10.4 Electronic
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 3N
11.6.2 4N
11.6.3 5N
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medicine
11.10.2 Jewelry
11.10.3 Chemical Equipment
11.10.4 Electronic
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 3N
12.6.2 4N
12.6.3 5N
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medicine
12.10.2 Jewelry
12.10.3 Chemical Equipment
12.10.4 Electronic
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 3N
13.6.2 4N
13.6.3 5N
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medicine
13.10.2 Jewelry
13.10.3 Chemical Equipment
13.10.4 Electronic
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Pure Platinums Market: Competitive Dashboard
14.2 Global High Pure Platinums Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ALB Materials Inc
14.3.2 American Elements
14.3.3 J＆J Materials
14.3.4 Pi-Kem
14.3.5 Ames Goldsmith
14.3.6 Advent Research Materials Ltd
14.3.7 Ferro Corporation
14.3.8 Sino-Precious Metals Holding Co.,Ltd
14.3.9 Changshu Changhong Precious Metal Co.,Ltd
14.3.10 Beijing Goodwill Metal Tech
14.3.11 Beijing Huanqiu Jingding
14.3.12 Zhongnuo Advanced Materials Technology
