Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Iridium Market by Type (Mineral Source, Recycling Source), By Application (Catalyst, Chemical Manufacturing, Electricals and Electronics, Jewellery, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Iridium Market by Type (Mineral Source, Recycling Source), By Application (Catalyst, Chemical Manufacturing, Electricals and Electronics, Jewellery, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 138163 3300 Chemical & Material 377 230 Pages 4.9 (37)

Market Overview:

The global iridium market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for iridium in various applications such as catalyst, chemical manufacturing, electricals and electronics, jewellery, and others. In terms of type, the mineral source segment is expected to hold a major share of the global iridium market during the forecast period. However, with growing awareness about environmental concerns and increasing recycling initiatives for precious metals across different regions, the recycling source segment is projected to grow at a higher CAGR than that of mineral source during the forecast period.

Global Iridium Industry Outlook

Product Definition:

Iridium is a chemical element with symbol Ir and atomic number 77. It is a silvery-white, corrosion-resistant metal in the platinum group. Iridium is the most corrosion-resistant metal known, even at temperatures as high as 2000 °C (3632 °F). It has an extremely low reactivity with other elements, and it does not form oxides under standard conditions.

The most important use of iridium is as a component of alloys used to make crucibles for handling molten materials such as glass and ceramics. The second most important use of iridium is in electrical contacts because it has very low contact resistance.

Mineral Source:

Mineral source is a key factor in the growth of iridium market. Iridium is used as an alloying agent to improve hardening and strengthening properties of materials such as bronzes, alloys, steel, and cast iron. It also has applications in medical industries for treatment of cancer cells (cisplatin) & cardiovascular diseases (digitalis).

Recycling Source:

Iridium is a chemical element that exists in the periodic table under the symbol Ir and has an atomic number of 77. It is a soft, silvery-white metal with a high melting point. It readily reacts with oxygen, water, and other substances.

Application Insights:

The other applications include aerospace, defense and military, electronics, marine and transport. The market for these products is expected to witness growth owing to their increasing use in applications such as smartphones and fireworks. The growing popularity of smart devices has led to an increase in the number of smartphone users across the globe. This development has positively influenced the demand for recycled iridium from various countries such as Japan, South Korea, China India etc which are major sources of mineral iridium used in manufacturing these devices.

Iridium metal is used extensively in alloys that are utilized for manufacturing cutting tools & high-performance knives on account of its properties including high corrosion resistance & hardness along with low maintenance cost making it a preferred material over steel or any other alternative metal used currently available on a commercial scale globally (North America).

Regional Analysis:

North America dominated the global market in terms of revenue with a share of over 40% in 2017. The region is expected to witness significant growth over the forecast period owing to rising demand for consumer electronics and automobiles. Furthermore, growing use of these products as an identification tag will drive the regional product demand further.

Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to increasing disposable income levels and rapid industrialization across several countries including China, India, Japan, South Korea and Taiwan among others. Growing population coupled with high consumption levels has resulted in increased iridium requirement from fertilizers & chemicals industry which will fuel market growth further over coming years.

Growth Factors:

  • Increased demand for satellite communication services due to growth in global mobile traffic and the Internet of Things (IoT)
  • Proliferation of low-cost small satellites that can be used for communications
  • Development of new applications that require satellite communication, such as autonomous vehicles and maritime tracking
  • Expansion of Iridium's distribution network to more countries and regions
  • Continued investment in upgrading Iridium's network infrastructure

Scope Of The Report

Report Attributes

Report Details

Report Title

Iridium Market Research Report

By Type

Mineral Source, Recycling Source

By Application

Catalyst, Chemical Manufacturing, Electricals and Electronics, Jewellery, Others

By Companies

Lonmin, Anglo American, Russian Platinum, Lonmin, Impala, ...

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Iridium Market Report Segments:

The global Iridium market is segmented on the basis of:


Mineral Source, Recycling Source

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.


Catalyst, Chemical Manufacturing, Electricals and Electronics, Jewellery, 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:

  1. Lonmin
  2. Anglo American
  3. Russian Platinum
  4. Lonmin
  5. Impala
  6. ...

Global Iridium Market Overview

Highlights of The Iridium Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Mineral Source
    2. Recycling Source
  1. By Application:

    1. Catalyst
    2. Chemical Manufacturing
    3. Electricals and Electronics
    4. Jewellery
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Iridium 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
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Iridium Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Iridium is a rare earth metal that has many potential uses in technology. It is used in satellites and other telecommunications equipment, as well as for military applications.

Some of the key players operating in the iridium market are Lonmin, Anglo American, Russian Platinum, Lonmin, Impala.

The iridium market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Iridium Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Iridium Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Iridium Market - Supply Chain
   4.5. Global Iridium Market Forecast
      4.5.1. Iridium Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Iridium Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Iridium Market Absolute $ Opportunity

5. Global Iridium Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Iridium Market Size and Volume Forecast by Type
      5.3.1. Mineral Source
      5.3.2. Recycling Source
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Iridium Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Iridium Market Size and Volume Forecast by Application
      6.3.1. Catalyst
      6.3.2. Chemical Manufacturing
      6.3.3. Electricals and Electronics
      6.3.4. Jewellery
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Iridium Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Iridium Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Iridium Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Iridium Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Iridium Demand Share Forecast, 2019-2029

9. North America Iridium Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Iridium Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Iridium Market Size and Volume Forecast by Application
      9.4.1. Catalyst
      9.4.2. Chemical Manufacturing
      9.4.3. Electricals and Electronics
      9.4.4. Jewellery
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Iridium Market Size and Volume Forecast by Type
      9.7.1. Mineral Source
      9.7.2. Recycling Source
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Iridium Demand Share Forecast, 2019-2029

10. Latin America Iridium Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Iridium Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Iridium Market Size and Volume Forecast by Application
      10.4.1. Catalyst
      10.4.2. Chemical Manufacturing
      10.4.3. Electricals and Electronics
      10.4.4. Jewellery
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Iridium Market Size and Volume Forecast by Type
      10.7.1. Mineral Source
      10.7.2. Recycling Source
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Iridium Demand Share Forecast, 2019-2029

11. Europe Iridium Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Iridium Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Iridium Market Size and Volume Forecast by Application
      11.4.1. Catalyst
      11.4.2. Chemical Manufacturing
      11.4.3. Electricals and Electronics
      11.4.4. Jewellery
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Iridium Market Size and Volume Forecast by Type
      11.7.1. Mineral Source
      11.7.2. Recycling Source
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractivenes/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Iridium Demand Share, 2019-2029

12. Asia Pacific Iridium Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Iridium Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Iridium Market Size and Volume Forecast by Application
      12.4.1. Catalyst
      12.4.2. Chemical Manufacturing
      12.4.3. Electricals and Electronics
      12.4.4. Jewellery
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Iridium Market Size and Volume Forecast by Type
      12.7.1. Mineral Source
      12.7.2. Recycling Source
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Iridium Demand Share, 2019-2029

13. Middle East & Africa Iridium Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Iridium Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Iridium Market Size and Volume Forecast by Application
      13.4.1. Catalyst
      13.4.2. Chemical Manufacturing
      13.4.3. Electricals and Electronics
      13.4.4. Jewellery
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Iridium Market Size and Volume Forecast by Type
      13.7.1. Mineral Source
      13.7.2. Recycling Source
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Iridium Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Iridium Market: Market Share Analysis
   14.2. Iridium Distributors and Customers
   14.3. Iridium Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Lonmin Overview Financials Developments Strategic Outlook
      14.4.2. Anglo American Overview Financials Developments Strategic Outlook
      14.4.3. Russian Platinum Overview Financials Developments Strategic Outlook
      14.4.4. Lonmin Overview Financials Developments Strategic Outlook
      14.4.5. Impala Overview Financials Developments Strategic Outlook
      14.4.6. ... Overview Financials Developments Strategic Outlook
      14.4.7. COMPANY7 Overview Financials Developments Strategic Outlook
      14.4.8. COMPANY8 Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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