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.
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
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:
Types
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.
Applications
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:
- Anglo American
- Impala
- Lonmin
- Norilsk Nickel
- Platina
- Aquarius
- Wesizwe
- Zimplats
- Sedibelo
- Northam
- Incwala
- Royal Bafokeng
- Eastplats
Highlights of The Platinum Series 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:
- Iridium Metal
- Rhodium Metal
- Palladium Metal
- Platinum Metal
- Osmium Metal
- Ruthenium Metal
- By Application:
- Catalyst
- Chemical Manufacturing
- Electricals and Electronics
- Jewellery
- Others
- 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 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
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 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
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
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lonmin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Norilsk Nickel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Platina
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Aquarius
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wesizwe
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zimplats
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sedibelo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Northam
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Incwala
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Royal Bafokeng
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Eastplats
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
