Precious Metals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Precious Metals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global precious metals market size reached US$ 198.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 267.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.49% during 2023-2028.
Precious metals are naturally occurring elements that are characterized by their high luster. These metals are rare, hard, less reactive and have high economic value compared to base metals. They are also ductile, malleable, resistant to corrosion and good conductors of heat and energy. As a result, they find applications in the manufacturing of jewelry, consumer electronics, automobiles, chemicals and medical equipment across the globe. Precious metals, such as gold, silver, platinum and palladium, are also used as valuable assets for investment purposes.
Precious Metals Market Trends:
The market is experiencing growth on account of changing lifestyles and inflating disposable incomes of individuals. Apart from this, due to the rising environmental concerns, leading market players in different industry verticals are investing in the recycling of precious metals that can further be utilized for manufacturing heart pacemakers and artificial cochlea. Moreover, governments of various countries are implementing stringent emission regulations, which, in turn, is contributing to the market growth, as these metals are used for purifying exhaust gases in automobiles. However, on account of the rising cases of the coronavirus disease (COVID-19), governments of various countries have announced complete lockdowns as a preventive measure to combat the pandemic. This has disrupted supply chains and halted operations of several manufacturing units, which, in turn, have led to inventory shortages. On the other hand, the investments in precious metals have increased as a means to survive the rapidly changing market conditions.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global precious metals market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on metal type and application.
Breakup by Metal Type:
Gold
Jewelry
Investment
Technology
Others
Platinum
Auto-catalyst
Jewelry
Chemical
Petroleum
Medical
Others
Silver
Industrial Application
Jewelry
Coins and Bars
Silverware
Others
Palladium
Auto-catalyst
Electrical
Dental
Chemical
Jewelry
Others
Others
Breakup by Application:
Jewelry
Investment
Electricals
Automotive
Chemicals
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Anglo American Platinum Limited (Anglo American PLC), Barrick Gold Corporation, First Majestic Silver Corp., First Quantum Minerals Ltd., Freeport-Mcmoran Inc., Fresnillo Plc (Peñoles Group), Gabriel Resources Ltd., Glencore International AG, Gold Fields Limited, Harmony Gold, Impala Platinum Holdings Limited, Lundin Mining Corporation and Pan American Silver Corporation.
Key Questions Answered in This Report:
How has the global precious metals market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global precious metals market?
What are the key regional markets?
What is the breakup of the market based on the metal type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global precious metals market and who are the key players?
What is the degree of competition in the industry?
The global precious metals market size reached US$ 198.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 267.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.49% during 2023-2028.
Precious metals are naturally occurring elements that are characterized by their high luster. These metals are rare, hard, less reactive and have high economic value compared to base metals. They are also ductile, malleable, resistant to corrosion and good conductors of heat and energy. As a result, they find applications in the manufacturing of jewelry, consumer electronics, automobiles, chemicals and medical equipment across the globe. Precious metals, such as gold, silver, platinum and palladium, are also used as valuable assets for investment purposes.
Precious Metals Market Trends:
The market is experiencing growth on account of changing lifestyles and inflating disposable incomes of individuals. Apart from this, due to the rising environmental concerns, leading market players in different industry verticals are investing in the recycling of precious metals that can further be utilized for manufacturing heart pacemakers and artificial cochlea. Moreover, governments of various countries are implementing stringent emission regulations, which, in turn, is contributing to the market growth, as these metals are used for purifying exhaust gases in automobiles. However, on account of the rising cases of the coronavirus disease (COVID-19), governments of various countries have announced complete lockdowns as a preventive measure to combat the pandemic. This has disrupted supply chains and halted operations of several manufacturing units, which, in turn, have led to inventory shortages. On the other hand, the investments in precious metals have increased as a means to survive the rapidly changing market conditions.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global precious metals market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on metal type and application.
Breakup by Metal Type:
Gold
Jewelry
Investment
Technology
Others
Platinum
Auto-catalyst
Jewelry
Chemical
Petroleum
Medical
Others
Silver
Industrial Application
Jewelry
Coins and Bars
Silverware
Others
Palladium
Auto-catalyst
Electrical
Dental
Chemical
Jewelry
Others
Others
Breakup by Application:
Jewelry
Investment
Electricals
Automotive
Chemicals
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Anglo American Platinum Limited (Anglo American PLC), Barrick Gold Corporation, First Majestic Silver Corp., First Quantum Minerals Ltd., Freeport-Mcmoran Inc., Fresnillo Plc (Peñoles Group), Gabriel Resources Ltd., Glencore International AG, Gold Fields Limited, Harmony Gold, Impala Platinum Holdings Limited, Lundin Mining Corporation and Pan American Silver Corporation.
Key Questions Answered in This Report:
How has the global precious metals market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global precious metals market?
What are the key regional markets?
What is the breakup of the market based on the metal type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global precious metals market and who are the key players?
What is the degree of competition in the industry?
Table of Contents
140 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Precious Metals Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Metal Type
- 6.1 Gold
- 6.1.1 Market Trends
- 6.1.2 Market Breakup by End Use
- 6.1.3 Market Forecast
- 6.2 Silver
- 6.2.1 Market Trends
- 6.2.2 Market Breakup by End Use
- 6.2.3 Market Forecast
- 6.3 Platinum
- 6.3.1 Market Trends
- 6.3.2 Market Breakup by End Use
- 6.3.3 Market Forecast
- 6.4 Palladium
- 6.4.1 1Market Trends
- 6.4.2 Market Breakup by End Use
- 6.4.3 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 7 Market Breakup by Application
- 7.1 Jewelry
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Investment
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Electricals
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Automotive
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Chemicals
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 8 Market Breakup by Region
- 8.1 Asia-Pacific
- 8.1.1 China
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 India
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.3 Japan
- 8.1.3.1 Market Trends
- 8.1.3.2 Market Forecast
- 8.1.4 South Korea
- 8.1.4.1 Market Trends
- 8.1.4.2 Market Forecast
- 8.1.5 Australia
- 8.1.5.1 Market Trends
- 8.1.5.2 Market Forecast
- 8.1.6 Indonesia
- 8.1.6.1 Market Trends
- 8.1.6.2 Market Forecast
- 8.1.7 Others
- 8.1.7.1 Market Trends
- 8.1.7.2 Market Forecast
- 8.2 North America
- 8.2.1 United States
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Canada
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 United Kingdom
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 France
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Russia
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Italy
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Spain
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.4 Middle East and Africa
- 8.4.1 Market Trends
- 8.4.2 Market Breakup by Country
- 8.4.3 Market Forecast
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.1.1 Market Trends
- 8.5.1.2 Market Forecast
- 8.5.2 Mexico
- 8.5.2.1 Market Trends
- 8.5.2.2 Market Forecast
- 8.5.3 Others
- 8.5.3.1 Market Trends
- 8.5.3.2 Market Forecast
- 9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
- 10 Value Chain Analysis
- 11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
- 12 Price Analysis
- 13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Anglo American Platinum Limited (Anglo American PLC)
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Barrick Gold Corporation
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 First Majestic Silver Corp.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.4 First Quantum Minerals Ltd.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Freeport-Mcmoran Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Fresnillo plc (Peñoles Group)
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.7 Gabriel Resources Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.8 Glencore International AG
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Gold Fields Limited
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.10 Harmony Gold
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.11 Impala Platinum Holdings Limited
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.12 Lundin Mining Corporation
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 Financials
- 13.3.12.4 SWOT Analysis
- 13.3.13 Pan American Silver Corporation
- 13.3.13.1 Company Overview
- 13.3.13.2 Product Portfolio
- 13.3.13.3 Financials
- 13.3.13.4 SWOT Analysis
Pricing
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