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Global Precious Metals Market: By Type: Gold, Silver, Palladium, Platinum, Rhodium; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Competitive Landscape; Industry Events and Developments

Global Precious Metals Market Outlook

In 2020, the global precious metals market attained a production volume of almost 33,139 MT. The market is expected to witness a stable growth in the forecast period of 2022-2027, growing at a CAGR of 2.34%. The precious metal production is projected to reach nearly 39 KMT in 2026.

 

Global Precious Metals Market

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Silver is the leading precious metal, with the most significant production. Mexico accounts for the largest output of the metal, representing almost a fifth of its global production. In 2020, the silver supply is projected to witness a slight increase with mine supply forecasted to grow marginally. The increased supply of the precious metal is propelled by mine expansions and hike in recycling. While several major economies are expected to witness a slower economic growth in the coming year, the silver demand is still anticipated to see a growth in major end-use sectors. The silver application in the photovoltaic sector, especially, is forecasted to see a rise in demand. The rapidly growing demand for renewable energy will act as a catalyst for the global precious metals market as silver demand will be supported by the increase in solar installations across the globe. Silver application in the electronic and electrical sector will also accelerate in the coming years as the precious metal finds uses in wires and switches. The increasing proliferation of electrical vehicles is also aiding the global precious metals market.

Regionally, Mexico, China, and Peru are the major producing countries for precious metals by volume. China, Russia, and Australia, on the other hand, are the leading markets, by value. China is a significant producer of gold, accounting for over 10% of its global production. The gold market is being driven by the increased purchases from central banks in 2018, especially Russian and Chinese central banks. Palladium, on the other hand, is majorly produced in Russia. South Africa is a leading producer of platinum and rhodium accounting for over three-fifths of their global production. The global platinum supply is projected to expand in 2020 by 1% due to increased output from shafts in South Africa and the United States. The production of the precious metal is estimated to witness a hike of 12% in North America and 1% in South Africa. Rhodium output in South Africa is also expected to increase in 2020.

 

Properties and Applications

Precious metals are naturally occurring and rare metallic elements, which tend to have lower reactivity and high lustre. They also usually have higher economic value. Their various types are gold, silver, palladium, platinum, and rhodium, among others. The various end-use sectors of these precious metals are:

 

Global Precious Metals Market By Type

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  • Gold     
    • Jewellery
    • Electronics
    • Coins and Medals
    • Investment
    • Others
  • Silver   
    • Electric and Electronics 
    • Coins and Medals 
    • Photography 
    • Jewellery
    • Investment
    • Others
  • Palladium          
    • Electric and Electronics 
    • Automotive
    • Medical Applications
    • Jewellery
    • Others
  • Platinum                            
    • Chemical Processing
    • Jewellery
    • Electric and Electronics 
    • Automotive
    • Medical Applications
    • Others
  • Rhodium            
    • Jewellery
    • Furnace Windings 
    • Thermocouple Elements 
    • Nuclear Reactors 
    • Others

The report looks into the various regional markets like North America, Latin America, Middle East and Africa, Europe, and the Asia Pacific.

 

Global Precious Metals Market By Region

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Market Analysis

The global precious metals market being driven by the growth of their end-use sectors like automobile and jewellery. The rise in automotive industry is expected to propel the growth of multiple precious metal industries like silver, platinum, and palladium. Platinum use in the automotive industry is estimated to grow in emerging economies like India. The demand for palladium comes primarily from the automotive industry and will be driven by the increasing sales of vehicles in countries like China and Europe, among other countries. The expansion of recycled autocatalysts due to the incentivisation of the collection and processing of the old autocatalysts will propel the rise of palladium supply. The supply of the precious metal is also expected to see a growth in North America, South Africa, and Russia. Rhodium also finds extensive use as an autocatalyst, with the end-use sector accounting for almost 80% of the metal’s global consumption. Thus, global precious metals markets like rhodium market is aided by the rising demand for light-vehicles from emerging economies. Rhodium demand is anticipated to grow by nearly 2% in 2020 due to a hike in demand from autocatalyst and industrial sectors.

Global precious metals markets like the silver industry is expected to be aided by the rising demand from its applications sectors like the chemical industry. The platinum industry has also been driven by the rise in demand from the chemical sector. The industry for platinum is being propelled forward by the increasing use of the metal in the specialty silicones, which is the largest chemical end-use sector for the metal. The nitric acid industry is also a growing application sector for platinum within the chemical industry. The market for platinum is finding impetus from its strengthening sales to various Chinese industries like glass, petroleum, and chemicals. The expected miners’ strike in South Africa in the coming year due to wage negotiations might detrimentally affect several precious metals industries.

 

Competitive Landscape

The report provides a detailed analysis of the key players in the global precious metals market, looking into their market share, capacity, and latest developments like plant turnarounds, capacity expansions, and mergers and acquisitions:

  • Anglo American Plc 
  • Southern Copper Corporation 
  • Newmont Goldcorp Corporation
  • Norilsk Nickel PJSC
  • Northam Platinum Limited
  • North American Palladium Ltd
  • Newcrest Mining Limited 
  • PJSC Polyus
  • Pan American Silver Corporation
  • Kinross Gold Corporation
  • Evolution Mining Ltd
  • Compania de Minas Buenaventura S.A.A

The comprehensive report assesses the global precious metals market based on Porter’s Five Forces model. A SWOT analysis of has also been provided.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment- Type, Region
Breakup by Type Gold, Silver, Palladium, Platinum, Rhodium, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Anglo American Plc, Southern Copper Corporation, Newmont Goldcorp Corporation,
Norilsk Nickel PJSC, Northam Platinum Limited, North American Palladium Ltd,
Newcrest Mining Limited, PJSC Polyus, Pan American Silver Corporation, Kinross Gold Corporation, Evolution Mining Ltd, Compania de Minas Buenaventura S.A.A
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Precious Metals Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Precious Metals Historical Market (2017-2021) 
    8.3    Global Precious Metals Market Forecast (2022-2027)
    8.4    Global Precious Metals Market by Type
        8.4.1    Gold
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
            8.4.1.4    Gold by End Use
                8.4.1.4.1    Jewellery
                8.4.1.4.2    Electronics
                8.4.1.4.3    Coins and Medals
                8.4.1.4.4    Investment
                8.4.1.4.5    Others
        8.4.2    Silver
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
            8.4.2.4    Silver by End Use
                8.4.2.4.1    Jewellery
                8.4.2.4.2    Electric and Electronics
                8.4.2.4.3    Coins and Medals
                8.4.2.4.4    Investment
                8.4.2.4.5    Photography
                8.4.2.4.6    Others
        8.4.3    Palladium
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
            8.4.3.4    Palladium by End Use
                8.4.3.4.1    Jewellery
                8.4.3.4.2    Automotive
                8.4.3.4.3    Electric and Electronics
                8.4.3.4.4    Medical Applications
                8.4.3.4.5    Others
        8.4.4    Platinum
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
            8.4.4.4    Platinum by End Use
                8.4.4.4.1    Electric and Electronics
                8.4.4.4.2    Automotive
                8.4.4.4.3    Medical Applications
                8.4.4.4.4    Jewellery
                8.4.4.4.5    Chemical Processing
                8.4.4.4.6    Others
        8.4.5    Rhodium
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
            8.4.5.4    Rhodium by End Use
                8.4.5.4.1    Jewellery
                8.4.5.4.2    Furnace Windings
                8.4.5.4.3    Thermocouple Elements
                8.4.5.4.4    Nuclear Reactors
                8.4.5.4.5    Others
    8.5    Global Precious Metals Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Trade Data Analysis (HS Code – 7106, 7108, 7110)
    11.1    Major Importing Countries
        11.1.1    By Value
        11.1.2    By Volume
    11.2    Major Exporting Countries
        11.2.1    By Value
        11.2.2    By Volume
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Anglo American Plc 
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Southern Copper Corporation 
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Newmont Corporation
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Northam Platinum Limited
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Newcrest Mining Limited
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Kinross Gold Corporation
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Others
14    Industry Events and Developments

 

List of Figures and Tables

1.    Global Precious Metals Market: Key Industry Highlights, 2017 and 2027
2.    Global Precious Metals Historical Market: Breakup by Type (USD Million), 2017-2021
3.    Global Precious Metals Market Forecast: Breakup by Type (USD Million), 2022-2027
4.    Global Precious Metals Historical Market: Breakup by Region (USD Million), 2017-2021
5.    Global Precious Metals Market Forecast: Breakup by Region (USD Million), 2022-2027
6.    North America Precious Metals Historical Market: Breakup by Country (USD Million), 2017-2021
7.    North America Precious Metals Market Forecast: Breakup by Country (USD Million), 2022-2027
8.    Europe Precious Metals Historical Market: Breakup by Country (USD Million), 2017-2021
9.    Europe Precious Metals Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Asia Pacific Precious Metals Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Asia Pacific Precious Metals Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Latin America Precious Metals Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Latin America Precious Metals Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Middle East and Africa Precious Metals Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Middle East and Africa Precious Metals Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Major Exporting Countries by Value
17.    Major Importing Countries by Value
18.    Major Exporting Countries by Volume
19.    Major Importing Countries by Volume
20.    Global Precious Metals Market Structure

Key Questions Answered in the Report

In 2020, the global precious metals market attained a volume of about 33,139 MT.

The market is projected to grow at a CAGR of 2.34% between 2022 and 2027.

The market is being driven by the rising supply of silver owing to expanding mining operations, hike in recycling, the growing applications of precious metals in solar installations and electronic devices.

The market growth can be affiliated with the growing automotive industry, where precious metals like platinum are popularly used. The market is also expected to be positively influenced by the continuous use of these metals in jewellery applications.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types of precious metals are gold, silver, palladium, platinum, and rhodium.

The major players in the industry are Anglo American Plc, Southern Copper Corporation, Newmont Corporation, Northam Platinum Limited, Newcrest Mining Limited, and Kinross Gold Corporation, among others.

Analyst Review

The global precious metals market attained a volume of about 33,139 MT in 2020, driven by the increasing applications of precious metals in several end-use industries. Aided by rising demand for silver, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 2.34%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of type, the precious metals industry can be categorised into gold, silver, palladium, platinum, and rhodium. The major regional markets for precious metals are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Anglo American Plc, Southern Copper Corporation, Newmont Corporation, Northam Platinum Limited, Newcrest Mining Limited, and Kinross Gold Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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