The global platinum group metals market is expected to grow at a CAGR of 4.5% from 2021 to 2030. The growth in the market is attributed to the increasing demand for platinum group metals in various applications such as autocatalyst, chemical manufacturing, electricals and electronics, and jewellery. The increase in demand for these products is due to their high catalytic activity and resistance against corrosion. In addition, the growing automotive industry has led to an increased demand for platinum group metals as they are used as catalysts in vehicles. The global platinum group metals market by type includes palladium (Pd), ruthenium (Ru), and platinum (Pt). Pd accounted for the largest share of the total market revenue owing to its wide application across various industries such as chemical manufacturing, electricals and electronics, jewellery, etc, which are expected to drive its growth over the forecast period. Ru was estimated at USD 1 billion in 2018 with a CAGR of 5% from 2021-2030 owing to its use as a catalyst in chemical manufacturing processes such as hydrogenation reactions that require high temperatures or pressures; it also finds application across other industries such as electricals and electronics where it is used for plating metal surfaces with Ru-based alloys or coatings that provide protection against corrosion or oxidation. Pt accounted for USD 2 billion revenue share of total market revenue owing mainly due its use across various industries including autocatalyst where it acts like a catalyst by converting hydrocarbons into less harmful substances; Pt also finds application across other sectors including jewellery where it is used extensively because of its attractive appearance properties like luster and color stability under different lighting conditions.
Some Of The Growth Factors Of This Market:
- Platinum Group Metals are used in catalytic converters, which reduce the amount of pollutants emitted by vehicles.
- The demand for Platinum Group Metals is expected to increase as a result of the growing global population and increasing demand for automobiles.
- The price of Platinum Group Metals is expected to increase due to increased demand and limited supply, which will lead to an increased number of mining companies entering the market in order to meet this demand.
- The price of Platinum Group Metals is also expected to increase due to a decrease in platinum production from South Africa, which has been one of the world's largest producers since 1948 when it was discovered there were large deposits there that could be mined economically.
- There are many countries that have not yet begun mining operations for platinum group metals, but they may do so if prices continue rising.
Industry Growth Insights published a new data on “Platinum Group Metals Market”. The research report is titled “Platinum Group Metals Market research by Types (Palladium, Platinum, Ruthenium), By Applications (Autocatalyst, Chemical Manufacturing, Electricals And Electronics, Jewellery), By Players/Companies Anglo American Platinum, Impala Platinum, JSC MMC Norilsk Nickel, Lonmin, Stillwater Mining, North American Palladium, African Rainbow Minerals, Eastern Platinum, Glencore Xstrata”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Platinum Group Metals Market Research Report
By Type
Palladium, Platinum, Ruthenium
By Application
Autocatalyst, Chemical Manufacturing, Electricals And Electronics, Jewellery
By Companies
Anglo American Platinum, Impala Platinum, JSC MMC Norilsk Nickel, Lonmin, Stillwater Mining, North American Palladium, African Rainbow Minerals, Eastern Platinum, Glencore Xstrata
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Platinum Group Metals Market Report Segments:
The global Platinum Group Metals market is segmented on the basis of:
Types
Palladium, Platinum, Ruthenium
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
Autocatalyst, Chemical Manufacturing, Electricals And Electronics, Jewellery
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:
- Anglo American Platinum
- Impala Platinum
- JSC MMC Norilsk Nickel
- Lonmin
- Stillwater Mining
- North American Palladium
- African Rainbow Minerals
- Eastern Platinum
- Glencore Xstrata
Highlights of The Platinum Group Metals 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:
- Palladium
- Platinum
- Ruthenium
- By Application:
- Autocatalyst
- Chemical Manufacturing
- Electricals And Electronics
- Jewellery
- 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 Platinum Group Metals 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.
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- Correctly Positioning New Products
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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?
Platinum Group Metals is a global mining company with operations in five countries: Canada, South Africa, Australia, Russia and the United States. The company produces platinum group metals including palladium, rhodium and iridium.
Some of the key players operating in the platinum group metals market are Anglo American Platinum, Impala Platinum, JSC MMC Norilsk Nickel, Lonmin, Stillwater Mining, North American Palladium, African Rainbow Minerals, Eastern Platinum, Glencore Xstrata.
The platinum group metals market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Platinum Group Metals 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. Platinum Group Metals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Platinum Group Metals Market - Supply Chain
4.5. Global Platinum Group Metals Market Forecast
4.5.1. Platinum Group Metals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Platinum Group Metals Market Size (000 Units) and Y-o-Y Growth
4.5.3. Platinum Group Metals Market Absolute $ Opportunity
5. Global Platinum Group Metals 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. Platinum Group Metals Market Size and Volume Forecast by Type
5.3.1. Palladium
5.3.2. Platinum
5.3.3. Ruthenium
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Platinum Group Metals 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. Platinum Group Metals Market Size and Volume Forecast by Application
6.3.1. Autocatalyst
6.3.2. Chemical Manufacturing
6.3.3. Electricals And Electronics
6.3.4. Jewellery
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Platinum Group Metals 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. Platinum Group Metals 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 Platinum Group Metals 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. Platinum Group Metals 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 Platinum Group Metals Demand Share Forecast, 2019-2029
9. North America Platinum Group Metals 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 Platinum Group Metals 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 Platinum Group Metals Market Size and Volume Forecast by Application
9.4.1. Autocatalyst
9.4.2. Chemical Manufacturing
9.4.3. Electricals And Electronics
9.4.4. Jewellery
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Platinum Group Metals Market Size and Volume Forecast by Type
9.7.1. Palladium
9.7.2. Platinum
9.7.3. Ruthenium
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 Platinum Group Metals Demand Share Forecast, 2019-2029
10. Latin America Platinum Group Metals 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 Platinum Group Metals 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 Platinum Group Metals Market Size and Volume Forecast by Application
10.4.1. Autocatalyst
10.4.2. Chemical Manufacturing
10.4.3. Electricals And Electronics
10.4.4. Jewellery
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Platinum Group Metals Market Size and Volume Forecast by Type
10.7.1. Palladium
10.7.2. Platinum
10.7.3. Ruthenium
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 Platinum Group Metals Demand Share Forecast, 2019-2029
11. Europe Platinum Group Metals 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 Platinum Group Metals 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 Platinum Group Metals Market Size and Volume Forecast by Application
11.4.1. Autocatalyst
11.4.2. Chemical Manufacturing
11.4.3. Electricals And Electronics
11.4.4. Jewellery
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Platinum Group Metals Market Size and Volume Forecast by Type
11.7.1. Palladium
11.7.2. Platinum
11.7.3. Ruthenium
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Yo-Y Growth Projections by Type
11.10. Market Attractiveness/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 Platinum Group Metals Demand Share, 2019-2029
12. Asia Pacific Platinum Group Metals 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 Platinum Group Metals 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 Platinum Group Metals Market Size and Volume Forecast by Application
12.4.1. Autocatalyst
12.4.2. Chemical Manufacturing
12.4.3. Electricals And Electronics
12.4.4. Jewellery
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Platinum Group Metals Market Size and Volume Forecast by Type
12.7.1. Palladium
12.7.2. Platinum
12.7.3. Ruthenium
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 Platinum Group Metals Demand Share, 2019-2029
13. Middle East & Africa Platinum Group Metals 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 Platinum Group Metals 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 Platinum Group Metals Market Size and Volume Forecast by Application
13.4.1. Autocatalyst
13.4.2. Chemical Manufacturing
13.4.3. Electricals And Electronics
13.4.4. Jewellery
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Platinum Group Metals Market Size and Volume Forecast by Type
13.7.1. Palladium
13.7.2. Platinum
13.7.3. Ruthenium
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 Platinum Group Metals Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Platinum Group Metals Market: Market Share Analysis
14.2. Platinum Group Metals Distributors and Customers
14.3. Platinum Group Metals Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Anglo American Platinum
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Impala Platinum
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. JSC MMC Norilsk Nickel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Lonmin
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Stillwater Mining
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. North American Palladium
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. African Rainbow Minerals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Eastern Platinum
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Glencore Xstrata
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook