Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Platinum Iridium Alloy Market by Type (Powder, Ingot), By Application (Instrument Material, Electrode Material, Medical Material, Standard Material, Galvanic Material) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Platinum Iridium Alloy Market by Type (Powder, Ingot), By Application (Instrument Material, Electrode Material, Medical Material, Standard Material, Galvanic Material) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 144672 3300 Chemical & Material 377 245 Pages 4.5 (45)

Market Overview:

The global platinum iridium alloy market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for platinum iridium alloy in various applications, such as medical material, electrode material, galvanic material, and standard material. In addition, the growing demand for platinum iridium alloy from emerging economies is also contributing to the growth of this market. However, fluctuations in prices of raw materials used in manufacturing platinum iridium alloys may restrain the growth of this market during the forecast period.

Global Platinum Iridium Alloy Industry Outlook

Product Definition:

A platinum iridium alloy is a type of metal that is made up of platinum and iridium. This alloy has a number of important applications, including in medical devices, electrical contacts, and scientific instruments.


Powder is a special type of alloy, which consists of particles sizes less than 100 microns. It is also referred to as particulate matter or PM. Powder metal technology has been around for more than two centuries and it has played an important role in the development of modern day industries such as aerospace, automotive and medical. The key driver for powder metal technology in these industries was its ability to produce parts with superior properties at low cost leading to mass production resulting in reduced product costs.


An ingot is a solid form of the metal that is extracted during the refining process. The shape and size of an ingot depends on the type of refinery. Ingots are used in various applications such as jewelry, industrial machinery, chemical processing equipment, electrical components or catalysts depending upon their properties and specifications.

Platinum-iridium alloys contain approximately 15% platinum by weight and approximately 75% iridium present in powdered form for easy casting procedures.

Application Insights:

In terms of revenue, the standard material application dominated the global platinum iridium alloy market with a share of 33.0% in 2017. The use of Platinum-iridium alloyed products in the manufacturing process has led to an increase in demand for these products as electrode materials for electrochemical batteries across various end-use industries such as energy & power, lighting and electronics over the recent past.

The medical material application segment is projected to witness significant growth over the forecast period owing to its high usage rate and growing product demand from various medical applications such as pacemakers, implantable cardioverter/defibrillators and other cardiac monitors among others. In addition, increasing R&D activities pertaining to new device designs that make use of Platinum-iridium alloys is expected to drive industry growth over the coming years.

Regional Analysis:

North America dominated the global platinum iridium alloy market in 2016 with a revenue share of over 35%. The growth is attributed to the presence of major manufacturers such as General Electric, Honeywell International Inc., and United Technologies. These companies are engaged in research & development activities to manufacture products that comply with environmental regulations. In addition, increasing demand for electric vehicles is expected to propel product demand over the forecast period.

Asia Pacific region accounted for a significant share owing to rapid industrialization and urbanization resulting from high population growth rates in countries such as China, India, Indonesia, Malaysia Philippines Pakistan Thailand Vietnam etc.

Growth Factors:

  • Increasing demand from the aerospace and defense industries for high-strength, lightweight alloys that can withstand extreme temperatures is expected to drive the growth of the platinum iridium alloy market.
  • The increasing popularity of platinum iridium alloy in medical implants is also anticipated to fuel its growth in the coming years.
  • Growing demand for platinum iridium alloy from the automotive industry as a replacement for traditional materials such as steel and aluminum is also projected to boost its market growth.
  • Rising awareness about the benefits of using platinum iridium alloys over other materials in various end-use applications is likely to propel their demand over the forecast period.

Scope Of The Report

Report Attributes

Report Details

Report Title

Platinum Iridium Alloy Market Research Report

By Type

Powder, Ingot

By Application

Instrument Material, Electrode Material, Medical Material, Standard Material, Galvanic Material

By Companies

Anglo Platinum, Impala Distinctly Platinum, Sibanye-Stillwater, Norilsk Nickel, Vale

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 Platinum Iridium Alloy Market Report Segments:

The global Platinum Iridium Alloy market is segmented on the basis of:


Powder, Ingot

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.


Instrument Material, Electrode Material, Medical Material, Standard Material, Galvanic Material

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. Anglo Platinum
  2. Impala Distinctly Platinum
  3. Sibanye-Stillwater
  4. Norilsk Nickel
  5. Vale

Global Platinum Iridium Alloy Market Overview

Highlights of The Platinum Iridium Alloy 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. Powder
    2. Ingot
  1. By Application:

    1. Instrument Material
    2. Electrode Material
    3. Medical Material
    4. Standard Material
    5. Galvanic Material
  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 Platinum Iridium Alloy 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 Platinum Iridium Alloy 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?

Platinum iridium alloy is a very strong and durable alloy that is used in a variety of applications. Platinum iridium alloy can be used to create jewelry, tools, weapons, and other objects.

Some of the key players operating in the platinum iridium alloy market are Anglo Platinum, Impala Distinctly Platinum, Sibanye-Stillwater, Norilsk Nickel, Vale.

The platinum iridium alloy market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Platinum Iridium Alloy 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 Iridium Alloy Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Platinum Iridium Alloy Market - Supply Chain
   4.5. Global Platinum Iridium Alloy Market Forecast
      4.5.1. Platinum Iridium Alloy Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Platinum Iridium Alloy Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Platinum Iridium Alloy Market Absolute $ Opportunity

5. Global Platinum Iridium Alloy 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 Iridium Alloy Market Size and Volume Forecast by Type
      5.3.1. Powder
      5.3.2. Ingot
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Platinum Iridium Alloy 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 Iridium Alloy Market Size and Volume Forecast by Application
      6.3.1. Instrument Material
      6.3.2. Electrode Material
      6.3.3. Medical Material
      6.3.4. Standard Material
      6.3.5. Galvanic Material
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Platinum Iridium Alloy 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 Iridium Alloy 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 Iridium Alloy 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 Iridium Alloy 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 Iridium Alloy Demand Share Forecast, 2019-2026

9. North America Platinum Iridium Alloy 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 Iridium Alloy 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 Iridium Alloy Market Size and Volume Forecast by Application
      9.4.1. Instrument Material
      9.4.2. Electrode Material
      9.4.3. Medical Material
      9.4.4. Standard Material
      9.4.5. Galvanic Material
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Platinum Iridium Alloy Market Size and Volume Forecast by Type
      9.7.1. Powder
      9.7.2. Ingot
   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 Iridium Alloy Demand Share Forecast, 2019-2026

10. Latin America Platinum Iridium Alloy 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 Iridium Alloy 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 Iridium Alloy Market Size and Volume Forecast by Application
      10.4.1. Instrument Material
      10.4.2. Electrode Material
      10.4.3. Medical Material
      10.4.4. Standard Material
      10.4.5. Galvanic Material
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Platinum Iridium Alloy Market Size and Volume Forecast by Type
      10.7.1. Powder
      10.7.2. Ingot
   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 Iridium Alloy Demand Share Forecast, 2019-2026

11. Europe Platinum Iridium Alloy 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 Iridium Alloy 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 Iridium Alloy Market Size and Volume Forecast by Application
      11.4.1. Instrument Material
      11.4.2. Electrode Material
      11.4.3. Medical Material
      11.4.4. Standard Material
      11.4.5. Galvanic Material
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Platinum Iridium Alloy Market Size and Volume Forecast by Type
      11.7.1. Powder
      11.7.2. Ingot
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-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 Iridium Alloy Demand Share, 2019-2026

12. Asia Pacific Platinum Iridium Alloy 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 Iridium Alloy 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 Iridium Alloy Market Size and Volume Forecast by Application
      12.4.1. Instrument Material
      12.4.2. Electrode Material
      12.4.3. Medical Material
      12.4.4. Standard Material
      12.4.5. Galvanic Material
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Platinum Iridium Alloy Market Size and Volume Forecast by Type
      12.7.1. Powder
      12.7.2. Ingot
   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 Iridium Alloy Demand Share, 2019-2026

13. Middle East & Africa Platinum Iridium Alloy 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 Iridium Alloy 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 Iridium Alloy Market Size and Volume Forecast by Application
      13.4.1. Instrument Material
      13.4.2. Electrode Material
      13.4.3. Medical Material
      13.4.4. Standard Material
      13.4.5. Galvanic Material
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Platinum Iridium Alloy Market Size and Volume Forecast by Type
      13.7.1. Powder
      13.7.2. Ingot
   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 Iridium Alloy Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Platinum Iridium Alloy Market: Market Share Analysis
   14.2. Platinum Iridium Alloy Distributors and Customers
   14.3. Platinum Iridium Alloy Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Anglo Platinum Overview Financials Developments Strategic Outlook
      14.4.2. Impala Distinctly Platinum Overview Financials Developments Strategic Outlook
      14.4.3. Sibanye-Stillwater Overview Financials Developments Strategic Outlook
      14.4.4. Norilsk Nickel Overview Financials Developments Strategic Outlook
      14.4.5. Vale Overview Financials Developments Strategic Outlook
      14.4.6. COMPANY6 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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