The platinum group metals market is expected to witness market growth at a rate of 3.00% in the forecast period of 2021 to 2028. Data Bridge Market Research report on platinum group metals market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing use of platinum is escalating the growth of platinum group metals market.
The metals platinum group metals include platinum, rhodium, palladium, iridium, ruthenium and osmium. The metal is extensively utilized in jewellery making and in making medical and electronics materials. Metal palladium is also used for its attractive catalytic properties. They are used in various industries such as chemical, auto catalysts, fuel cells, glass, electrical and electronics, pigments and ceramics among others.
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The major players covered in the platinum group metals market report are Platinum Group Metals Ltd, African Rainbow Minerals, Anglo American Platinum, Glencore, Implats Platinum Limited, Johnson Matthey, Lonmin, Nornickel, Northam Platinum Limited, Royal Bafokeng Platinum, Vale, Eastern Platinum, aquarius platinum, Sibanye-Stillwater, Continental Steel Tube Company, Ultramet, Refining Systems, Inc., ACI Alloys among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Platinum Group Metals Market Scope and Market Size
The platinum group metals market is segmented on the basis of material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the platinum group metals market is segmented into platinum, palladium, rhodium, iridium, ruthenium and osmium.
- On the basis of application, the platinum group metals market is segmented into auto catalysts, electrical and electronics, fuel cells, glass, ceramics and pigments, jewellery, medical, chemicals and other applications. Medical is further segmented into dental and pharmaceuticals.
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Global Platinum Group Metals Market Country Level Analysis
The platinum group metals market is analysed and market size, volume information is provided by country, material and application as referenced above.
The countries covered in the global platinum group metals market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the platinum group metals market due to the demand for platinum in chemical and petroleum refining applications, investment in large integrated petrochemical complexes in China and large production.
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