Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Platinum Market by Type (Purity 5%, Purity 10%, Purity 99%, Others), By Application (Catalysis, Medical Tools, Flat Panel Monitors, Alloying Agent, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Platinum Market by Type (Purity 5%, Purity 10%, Purity 99%, Others), By Application (Catalysis, Medical Tools, Flat Panel Monitors, Alloying Agent, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 138157 3300 Chemical & Material 377 238 Pages 4.7 (36)

Market Overview:

The global platinum 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 platinum in various applications, such as catalysis, medical tools, flat panel monitors, alloying agent and others. In terms of purity type, the market is segmented into 5%, 10%, 99% and others. Among these segments, the 99% purity type is expected to witness highest growth during the forecast period owing to its growing demand in various end-use industries. Regionally, North America dominates the global platinum market followed by Europe and Asia Pacific respectively.

Global Platinum Industry Outlook

Product Definition:

A mineral, platinum is a heavy, grayish-white metal. It is one of the rarest elements in the earth's crust and has many important uses. Platinum is found in jewelry and coins, as well as electrical wiring and other industrial applications.

Purity 5%:

Purity 5% is a special type of hydrogen peroxide (H2O2) which contains less than 0.5% free radical form. It has been used as an oxidizing agent for more than 100 years and its high reactivity towards metals can be attributed to its early commercialization in the platinum market. Pure 5% H2O2 is commercially available in two forms, namely liquid and solid, both having purity levels greater than 99%.

Purity 10%:

Purity 10% is a special type of hydrogen peroxide used in the jewelry industry. It is also known as Paris Green or Eta-Green. Purity 10% has approximately ten percent (10%) of hydrogen peroxide, which makes it an ideal material for jewelry making applications. The primary function of this product is to provide bright and durable colors to the finished piece, along with providing anti-corrosion properties to metals such as platinum and gold.

Application Insights:

The market is segmented by application into catalysts, flat panel monitors, medical tools, alloying agent and other applications. The catalysts application segment accounted for the largest share in 2016 and is projected to witness significant growth over the forecast period owing to its rising demand from various industries. Platinum has excellent properties such as high thermal stability & strength which makes it suitable for use in various industrial processes including gas turbine blades & vanadium redox batteries.

Platinum group metals are used extensively across alloys of precious metal base metal content that include silver, gold and platinum along with copper & zinc among others.

Regional Analysis:

Asia Pacific dominated the global platinum market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of nearly 60% of global demand in 2017 owing to high product consumption from various end-use industries, such as automotive, electronics, and catalytic converters. China is one of the largest consumers of platinum group metals (PGM) due to its rapidly expanding manufacturing sector. Growing domestic demand for PGM products coupled with low international prices for PGMs are expected to drive regional growth over the coming years.

The European market was valued at USD X million in 2017 and is projected to witness moderate growth over the forecast period on account rising investments by multinational companies (MNCs).

Growth Factors:

  • Increasing demand from the automotive and jewelry sectors as platinum is a valuable material with unique properties.
  • Growing popularity of platinum ETFs and other investment vehicles, which has helped to boost demand and prices.
  • Limited supply relative to other precious metals, as well as increasing industrial demand, has helped support prices over the long term.
  • Robust recycling market for platinum-containing scrap materials helps to ensure a relatively stable supply of the metal despite limited production capacity in certain regions.

Scope Of The Report

Report Attributes

Report Details

Report Title

Platinum Market Research Report

By Type

Purity 5%, Purity 10%, Purity 99%, Others

By Application

Catalysis, Medical Tools, Flat Panel Monitors, Alloying Agent, Others

By Companies

Anglo American Platinum, Stillwater Mining, Lonmin, Impala Platinum, Eastern Platinum, Norilsk Nickel, Glencore Xstrata, African Rainbow Minerals, North American Palladium

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 Market Report Segments:

The global Platinum market is segmented on the basis of:


Purity 5%, Purity 10%, Purity 99%, 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.


Catalysis, Medical Tools, Flat Panel Monitors, Alloying Agent, 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. Anglo American Platinum
  2. Stillwater Mining
  3. Lonmin
  4. Impala Platinum
  5. Eastern Platinum
  6. Norilsk Nickel
  7. Glencore Xstrata
  8. African Rainbow Minerals
  9. North American Palladium

Global Platinum Market Overview

Highlights of The Platinum 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. Purity 5%
    2. Purity 10%
    3. Purity 99%
    4. Others
  1. By Application:

    1. Catalysis
    2. Medical Tools
    3. Flat Panel Monitors
    4. Alloying Agent
    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 Platinum 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 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 is a precious metal that has been used for centuries to make jewelry, coins, and other objects. Platinum is also used in medical procedures because it does not corrode.

Some of the key players operating in the platinum market are Anglo American Platinum, Stillwater Mining, Lonmin, Impala Platinum, Eastern Platinum, Norilsk Nickel, Glencore Xstrata, African Rainbow Minerals, North American Palladium.

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

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

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

5. Global Platinum 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 Market Size and Volume Forecast by Type
      5.3.1. Purity 5%
      5.3.2. Purity 10%
      5.3.3. Purity 99%
      5.3.4. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Platinum 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 Market Size and Volume Forecast by Application
      6.3.1. Catalysis
      6.3.2. Medical Tools
      6.3.3. Flat Panel Monitors
      6.3.4. Alloying Agent
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Platinum 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 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 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 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 Demand Share Forecast, 2019-2029

9. North America Platinum 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 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 Market Size and Volume Forecast by Application
      9.4.1. Catalysis
      9.4.2. Medical Tools
      9.4.3. Flat Panel Monitors
      9.4.4. Alloying Agent
      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 Platinum Market Size and Volume Forecast by Type
      9.7.1. Purity 5%
      9.7.2. Purity 10%
      9.7.3. Purity 99%
      9.7.4. Others
   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 Demand Share Forecast, 2019-2029

10. Latin America Platinum 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 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 Market Size and Volume Forecast by Application
      10.4.1. Catalysis
      10.4.2. Medical Tools
      10.4.3. Flat Panel Monitors
      10.4.4. Alloying Agent
      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 Platinum Market Size and Volume Forecast by Type
      10.7.1. Purity 5%
      10.7.2. Purity 10%
      10.7.3. Purity 99%
      10.7.4. Others
   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 Demand Share Forecast, 2019-2029

11. Europe Platinum 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 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 Market Size and Volume Forecast by Application
      11.4.1. Catalysis
      11.4.2. Medical Tools
      11.4.3. Flat Panel Monitors
      11.4.4. Alloying Agent
      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 Platinum Market Size and Volume Forecast by Type
      11.7.1. Purity 5%
      11.7.2. Purity 10%
      11.7.3. Purity 99%
      11.7.4. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Ptential 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 Demand Share, 2019-2029

12. Asia Pacific Platinum 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 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 Market Size and Volume Forecast by Application
      12.4.1. Catalysis
      12.4.2. Medical Tools
      12.4.3. Flat Panel Monitors
      12.4.4. Alloying Agent
      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 Platinum Market Size and Volume Forecast by Type
      12.7.1. Purity 5%
      12.7.2. Purity 10%
      12.7.3. Purity 99%
      12.7.4. Others
   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 Demand Share, 2019-2029

13. Middle East & Africa Platinum 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 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 Market Size and Volume Forecast by Application
      13.4.1. Catalysis
      13.4.2. Medical Tools
      13.4.3. Flat Panel Monitors
      13.4.4. Alloying Agent
      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 Platinum Market Size and Volume Forecast by Type
      13.7.1. Purity 5%
      13.7.2. Purity 10%
      13.7.3. Purity 99%
      13.7.4. Others
   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 Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Platinum Market: Market Share Analysis
   14.2. Platinum Distributors and Customers
   14.3. Platinum Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Anglo American Platinum Overview Financials Developments Strategic Outlook
      14.4.2. Stillwater Mining Overview Financials Developments Strategic Outlook
      14.4.3. Lonmin Overview Financials Developments Strategic Outlook
      14.4.4. Impala Platinum Overview Financials Developments Strategic Outlook
      14.4.5. Eastern Platinum Overview Financials Developments Strategic Outlook
      14.4.6. Norilsk Nickel Overview Financials Developments Strategic Outlook
      14.4.7. Glencore Xstrata Overview Financials Developments Strategic Outlook
      14.4.8. African Rainbow Minerals Overview Financials Developments Strategic Outlook
      14.4.9. North American Palladium 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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