Precious Metals Market size was valued at US$ 236.47 Bn in 2022 and the total revenue is expected to grow at 9.1 % through 2022 to 2029, reaching nearly US$ 435.07 Bn.
Precious Metals Market Overview
Precious Metals Market report published by MMR encompasses various segments that offer up-to-date business data and insights into the industry's future through careful assessment and examination. Titled as the Precious Metals Market Report 2021, the report categorizes the market by manufacturer, type, application, and region. It provides an in-depth analysis, revenue statistics, and other crucial data about the global Precious Metals industry. The report also covers various trends, drivers, limitations, opportunities, and threats that the market is expected to face during the forecast period.
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Precious Metals Market Scope
The Precious Metals market report covers the forecast period from 2022 to 2029, with 2021 as the base year. The market size in terms of value and volume for 2021 is estimated based on actual figures and outputs of prominent players worldwide. The market trends from the past five years, specifically from 2016, are taken into account while projecting the market outlook for the period of 2022 to 2029. However, the year 2021 is analyzed separately, considering the impact of regional lockdown measures.
Furthermore, the report provides a comprehensive analysis of the Precious Metals industry, including market segmentation based on product type, applications, end-use, and region. It incorporates an examination of historical market dynamics from 2018 to 2021, enabling readers to compare past trends with the current market scenarios and understand the contributions of key players.
Precious Metals Market Segmentation
The global market for precious metals is divided into categories for Gold, Silver, Platinum, Palladium, Osmium, Iridium, Ruthenium, and Rhodium based on kind. In 2021, the gold sector had a 77.5% market share, and it is anticipated that it would continue to hold the top spot throughout the projection period. Through the ages, gold has inspired artisans and artists to create valuable works of art, jewelry, and ornaments. While many other nations, including the Middle East and India, buy gold as an investment, people in Europe, North America, and Japan wear gold as jewelry for ornamentation. Precious metals are always in demand in business and medicine in addition to the growing usage of gold in ornamental arts, money, and investments.
The silver type section comes after the gold type segment. Because it has a strong structural integrity and is biocompatible, silver metal is used in applications for invasive and implanted devices. Silver is mined for more than 80% of its supply, with the remaining 20% coming from recycling. The market expansion of this sector is being driven by rising silver exports to nations like China and India for industrial applications and investment.
1 Global Precious Metals Market, by Type (2022-2029
• Gold
• Silver
• Platinum
• Palladium
• Osmium
• Iridium
• Ruthenium
• Rhodium
2 Global Precious Metals Market, by Applications (2022-2029
• Jewellery
• Industrial
• Electronics
• Automotive industry
• Chemical
• Medical
• Others
3 Global Precious Metals Market, by End User Industry (2022-2029
• Aerospace
• Others
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Precious Metals Market Key Players
1. Anglo American
2. Barrick Gold
3. Impala Platinum
4. Lonmin
5. Newmont Mining
6. Johnson Matthey
7. Goldcorp
8. Norilsk Nickel
9. Northam Platinum
10.North American Palladium
11.Freeport-McMoRan
12.First Quantum Minerals
13.Fresnillo plc
14.Pan American Silver Corporation
15.Kinross Gold
16.Randgold Resources
17.Southern Copper Corporation
18.Evolution Mining Ltd
19.Newcrest Mining
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Regional Analysis
The Precious Metals market report provides comprehensive insights and understanding of the current trends, dynamics, and key issues within the market. It highlights the most significant developments that impact the industry, helping readers stay informed about the latest advancements. The report aids in identifying the crucial information presented and assessing the competitive landscape of major companies, analyzing Precious Metals market dynamics, and other factors that assist in formulating effective marketing strategies.
Key Questions answered in the Precious Metals Market Report are:
- What is Precious Metals Market?
- What is the forecast period of the Precious Metals Market?
- What is the competitive scenario of the Precious Metals market?
- Which region held the largest market share in the Precious Metals Market?
- What are the opportunities for the Precious Metals Market?
- What factors are affecting the Precious Metals market growth?
- Who are the key players of the Precious Metals market?
- Which company held the largest share in the Precious Metals market?
- What will be the CAGR of the Precious Metals market during the forecast period?
- What key trends are likely to emerge in the Precious Metals market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Precious Metals#
- Landscape- Leading key players and other prominent key players.
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