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:
The Precious Metals Market study provides an in-depth analysis of the competition, including company profiles and market share data for the major rivals in the international market. The research’s scope covers a complete examination of the Precious Metals Market as well as the causes of regional variances in the industry’s growth.
Precious Metals Market Scope:
In order to find and gather extracts suitable for this study, this market report extensively consults secondary sources, directories, and databases, including annual reports, press releases, journals, business websites, and other databases.
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Precious Metals Market Segmentation:
Based on the Type, the global Precious Metals market is segmented into Gold, Silver, Platinum, Palladium, Osmium, Iridium, Ruthenium, and Rhodium. The gold segment held the largest market share of 77.5% in 2021 and is expected to remain of its leading position during the forecast period. Gold has inspired artists and craftspersons throughout the ages to produce jewellery, ornaments, and priceless works of art. People in Europe, North America, and Japan are using gold as jewellery for adornment, whereas in many other countries, such as the Middle East and India, gold is purchased also as an investment. In addition, increasing use of gold in the decorative arts and for monetary and investment purposes, there is an ever-expanding need for precious metals in industry and medicine.
by Type
Gold
Silver
Platinum
Palladium
Osmium
Iridium
Ruthenium
Rhodium
by Applications
Jewellery
Industrial
Electronics
Automotive industry
Chemical
Medical
Others
by End User
Industry Aerospace
Others
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Precious Metals Market Key Players :
Examining the financial reports of the major market players is a necessary step in the entire process. After determining the size of the overall market, the market was divided into a number of segments and sub-segments, and these divisions were approved by important business leaders like CEOs, VPs, directors, and marketing executives. The following are the major participants in the konjac market:
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 geographical overview of the Precious Metals Market report also includes the specific market influencing factors and changes in market legislation that affect current and future market trends. In order to evaluate the full market potential and identify lucrative trends in order to have a more secure footing, current and future trends are studied. Based on the current environment and anticipated trends, the geographic market evaluation is made.
COVID-19 Impact Analysis on Precious Metals Market :
End-user industries using Precious Metals Market experienced a fall in growth from January to May due to a pause in operations in a number of nations, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. The demand for Precious Metals Market manufacturers thus decreased significantly, which had an impact on the Precious Metals Market’s growth in 2020. This led to a significant decline in the revenues of businesses involved in these industries. Lockdowns and an increase in COVID-19 incidents globally have significantly reduced end-user company demand for Precious Metals Market.
Key Questions Answered in the Precious Metals Market Report are:
- Which segment had the largest share in the Precious Metals Market in 2021?
- What is the competitive landscape of the Precious Metals Market ?
- Which are the key drivers aiding the Precious Metals Market growth?
- Which region has the maximum share in the Precious Metals Market ?
- What will be the CAGR of the Precious Metals Market during the forecast period (2022-2027)?
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