Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Platinum Series Metals Market by Type (Iridium Metal, Rhodium Metal, Palladium Metal, Platinum Metal, Osmium Metal, Ruthenium Metal), 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 Platinum Series Metals Market by Type (Iridium Metal, Rhodium Metal, Palladium Metal, Platinum Metal, Osmium Metal, Ruthenium Metal), 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: 138166 3300 Chemical & Material 377 247 Pages 4.9 (46)

Market Overview:

The global platinum series metals 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 series metals in various applications, such as catalyst, chemical manufacturing, electricals and electronics, jewellery, and others. In terms of type, the rhodium metal segment is projected to grow at the highest CAGR during the forecast period. This can be attributed to its growing demand in various applications across different regions.

Global Platinum Series Metals Industry Outlook

Product Definition:

Platinum Series Metals are a group of metals that have similar chemical and physical properties. These metals include platinum, palladium, rhodium, iridium, and osmium. Platinum Series Metals are important because they are used in many industrial applications.

Iridium Metal:

Iridium metal, also known as platinum-iridium or pivtop Iridium, is a chemical element which has an atomic number of 78 and a metallic crystalline form. It was first discovered in 1803 by the French astronomer Jules César Janssen who named it after the Latin word for "sparkling" which is iris.

Rhodium Metal:

Rhodium metal is a chemical element with the symbol Rh and atomic number 3. It is a silver-gray transition metal with high electrical resistance. Its properties have made it useful in jewelry, catalysts, optoelectronics, and semiconductors applications. Rhodium finds application as an alloying agent for platinum (Pt) and palladium (Dpalladium).

Application Insights:

The market is segmented by application into catalyst, chemical manufacturing, electrical and electronics, and other applications. The platinum metal series are widely used in the manufacture of catalysts which are subsequently used in various industrial processes such as cracking units of petroleum refinery or gas plants. These processes require a relatively high temperature range (500°C to 900°C) for their operation which makes PVMt an ideal material for use as a catalyst support.

Platinum group metals have gained popularity among collectors due to their limited supply and growing demand from jewelry industry. Increasing preference towards recycled sources has resulted in lowering the production rates of new materials thus driving the prices higher over recent years.

Regional Analysis:

Asia Pacific was the largest market for platinum group metals and accounted for a share of over 60% in 2016. The region is expected to witness significant growth on account of increasing demand from various end-use industries, such as automotive, electronics, construction and others. In addition, rising population coupled with growing consumer disposable income levels will drive product demand in this region.

The Middle East & Africa is anticipated to be one of the fastest-growing regions owing to its abundant supply of platinum metal resources coupled with high domestic consumption especially in South Africa and Nigeria. However, stringent regulations by International Monetary Fund (IMF), World Bank Group (WBG) among other regulatory bodies regarding foreign investments along with political instability are some factors that may hinder regional growth over the forecast period.

Latin America has witnessed strong economic growth since 2010 which has positively influenced product demand across several end-use sectors including chemicals manufacturing.

Growth Factors:

  • Increasing demand from the automotive and electronics industries for platinum group metals in catalytic converters and other applications
  • Rising prices of PGMs, as a result of constrained supply and increasing industrial demand
  • Growth in the number of vehicles being manufactured and sold each year, particularly in developing countries
  • Innovation in PGM recycling technologies that increase efficiency and reduce environmental impact
  • Growing awareness among consumers about the benefits of using PGMs in products

Scope Of The Report

Report Attributes

Report Details

Report Title

Platinum Series Metals Market Research Report

By Type

Iridium Metal, Rhodium Metal, Palladium Metal, Platinum Metal, Osmium Metal, Ruthenium Metal

By Application

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

By Companies

Anglo American, Impala, Lonmin, Norilsk Nickel, Platina, Aquarius, Wesizwe, Zimplats, Sedibelo, Northam, Incwala, Royal Bafokeng, Eastplats

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 Series Metals Market Report Segments:

The global Platinum Series Metals market is segmented on the basis of:


Iridium Metal, Rhodium Metal, Palladium Metal, Platinum Metal, Osmium Metal, Ruthenium Metal

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. Anglo American
  2. Impala
  3. Lonmin
  4. Norilsk Nickel
  5. Platina
  6. Aquarius
  7. Wesizwe
  8. Zimplats
  9. Sedibelo
  10. Northam
  11. Incwala
  12. Royal Bafokeng
  13. Eastplats

Global Platinum Series Metals Market Overview

Highlights of The Platinum Series Metals 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. Iridium Metal
    2. Rhodium Metal
    3. Palladium Metal
    4. Platinum Metal
    5. Osmium Metal
    6. Ruthenium Metal
  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 Platinum Series 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.

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 Series Metals 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 Series Metals is a line of jewelry made with platinum, palladium, and rhodium. These metals are often used to make high-quality jewelry that is durable and tarnish resistant.

Some of the major companies in the platinum series metals market are Anglo American, Impala, Lonmin, Norilsk Nickel, Platina, Aquarius, Wesizwe, Zimplats, Sedibelo, Northam, Incwala, Royal Bafokeng, Eastplats.

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

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Platinum Series 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 Series 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 Series Metals Market - Supply Chain
   4.5. Global Platinum Series Metals Market Forecast
      4.5.1. Platinum Series Metals Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Platinum Series Metals Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Platinum Series Metals Market Absolute $ Opportunity

5. Global Platinum Series 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 Series Metals Market Size and Volume Forecast by Type
      5.3.1. Iridium Metal
      5.3.2. Rhodium Metal
      5.3.3. Palladium Metal
      5.3.4. Platinum Metal
      5.3.5. Osmium Metal
      5.3.6. Ruthenium Metal
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Platinum Series 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 Series Metals 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 Platinum Series 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 Series 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 Series 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 Series 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 Series Metals Demand Share Forecast, 2019-2029

9. North America Platinum Series 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 Series 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 Series Metals 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 Platinum Series Metals Market Size and Volume Forecast by Type
      9.7.1. Iridium Metal
      9.7.2. Rhodium Metal
      9.7.3. Palladium Metal
      9.7.4. Platinum Metal
      9.7.5. Osmium Metal
      9.7.6. Ruthenium Metal
   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 Series Metals Demand Share Forecast, 2019-2029

10. Latin America Platinum Series 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 Series 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 Series Metals 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 Platinum Series Metals Market Size and Volume Forecast by Type
      10.7.1. Iridium Metal
      10.7.2. Rhodium Metal
      10.7.3. Palladium Metal
      10.7.4. Platinum Metal
      10.7.5. Osmium Metal
      10.7.6. Ruthenium Metal
   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 Series Metals Demand Share Forecast, 2019-2029

11. Europe Platinum Series 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 Series 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 Series Metals 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 Platinum Series Metals Market Size and Volume Forecast by Type
      11.7.1. Iridium Metal
      11.7.2. Rhodium Metal
      11.73. Palladium Metal
      11.7.4. Platinum Metal
      11.7.5. Osmium Metal
      11.7.6. Ruthenium Metal
   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 Series Metals Demand Share, 2019-2029

12. Asia Pacific Platinum Series 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 Series 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 Series Metals 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 Platinum Series Metals Market Size and Volume Forecast by Type
      12.7.1. Iridium Metal
      12.7.2. Rhodium Metal
      12.7.3. Palladium Metal
      12.7.4. Platinum Metal
      12.7.5. Osmium Metal
      12.7.6. Ruthenium Metal
   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 Series Metals Demand Share, 2019-2029

13. Middle East & Africa Platinum Series 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 Series 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 Series Metals 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 Platinum Series Metals Market Size and Volume Forecast by Type
      13.7.1. Iridium Metal
      13.7.2. Rhodium Metal
      13.7.3. Palladium Metal
      13.7.4. Platinum Metal
      13.7.5. Osmium Metal
      13.7.6. Ruthenium Metal
   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 Series Metals Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Platinum Series Metals Market: Market Share Analysis
   14.2. Platinum Series Metals Distributors and Customers
   14.3. Platinum Series Metals Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Anglo American Overview Financials Developments Strategic Outlook
      14.4.2. Impala Overview Financials Developments Strategic Outlook
      14.4.3. Lonmin Overview Financials Developments Strategic Outlook
      14.4.4. Norilsk Nickel Overview Financials Developments Strategic Outlook
      14.4.5. Platina Overview Financials Developments Strategic Outlook
      14.4.6. Aquarius Overview Financials Developments Strategic Outlook
      14.4.7. Wesizwe Overview Financials Developments Strategic Outlook
      14.4.8. Zimplats Overview Financials Developments Strategic Outlook
      14.4.9. Sedibelo Overview Financials Developments Strategic Outlook
      14.4.10. Northam Overview Financials Developments Strategic Outlook
      14.4.11. Incwala Overview Financials Developments Strategic Outlook
      14.4.12. Royal Bafokeng Overview Financials Developments Strategic Outlook
      14.4.13. Eastplats 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
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