In 2018, the global precious metals market attained a production volume of almost 32, 382 MT. The market is expected to witness a stable growth in the forecast period of 2019-2024, growing at a CAGR of 2.34%. The precious metal production is projected to reach nearly 38 KMT in 2024.
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 2019, 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 2019 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 2019.
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:
The report looks into the various regional markets like North America, LATAM, Middle East and Africa, Europe, and the Asia Pacific.
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 2019 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.
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:
The comprehensive report assesses the global precious metals market based on Porter’s Five Forces model. A SWOT analysis of has also been provided.
2 Research Methodology
3 Executive Summary
3.1 Market Overview
3.2 Key Demand Drivers
3.3 Key Players
3.4 Supply Market Changes
4 Global Precious Metals Market Outlook
5 Global Precious Metals Market
5.1 Global Precious Metals Market Analysis
5.1.1 Figure: Global Precious Metals Historical Market (2014-2018) & Forecast (2019-2024)
5.1.2 Chart: Global Precious Metals Market Breakup by Type
5.1.3 Figure: Global Precious Metals Market Breakup by Type: Historical Market (2014-2018) & Forecast (2019-2024)
5.1.4 Chart: Global Gold Market Breakup by End Use
22.214.171.124 Coins and Medals
5.1.5 Figure: Global Gold Market Breakup by End Use: Historical Market (2014-2018) & Forecast (2019-2024)
126.96.36.199 Coins and Medals
5.1.6 Chart: Global Silver Market Breakup by End Use
188.8.131.52 Electric and Electronics
184.108.40.206 Coins and Medals
5.1.7 Figure: Global Silver Market Breakup by End Use: Historical Market (2014-2018) & Forecast (2019-2024)
220.127.116.11 Electric and Electronics
18.104.22.168 Coins and Medals
5.1.8 Chart: Global Palladium Market Breakup by End Use
22.214.171.124 Electric and Electronics
126.96.36.199 Medical Applications
5.1.9 Figure: Global Palladium Market Breakup by End Use: Historical Market (2014-2018) & Forecast (2019-2024)
188.8.131.52 Electric and Electronics
184.108.40.206 Medical Applications
5.1.10 Chart: Global Platinum Market Breakup by End Use
220.127.116.11 Chemical Processing
18.104.22.168 Electric and Electronics
22.214.171.124 Medical Applications
5.1.11 Figure: Global Platinum Market Breakup by End Use: Historical Market (2014-2018) & Forecast (2019-2024)
126.96.36.199 Chemical Processing
188.8.131.52 Electric and Electronics
184.108.40.206 Medical Applications
5.1.12 Chart: Global Rhodium Market Breakup by End Use
220.127.116.11 Furnace Windings
18.104.22.168 Thermocouple Elements
22.214.171.124 Nuclear Reactors
5.1.13 Figure: Global Rhodium Market Breakup by End Use: Historical Market (2014-2018) & Forecast (2019-2024)
126.96.36.199 Furnace Windings
188.8.131.52 Thermocouple Elements
184.108.40.206 Nuclear Reactors
5.1.14 Chart: Global Precious Metals Market Breakup by Region
220.127.116.11 North America
18.104.22.168 Asia Pacific
22.214.171.124 South America
126.96.36.199 Middle East & Africa
5.1.15 Figure: Global Precious Metals Market Breakup by Region: Historical Market (2014-2018) & Forecast (2019-2024)
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 South America
18.104.22.168 Middle East & Africa
5.2 SWOT Analysis
5.3 Value Chain Analysis
5.4 Porter’s Five Forces Analysis
5.4.2 Buyer’s Power
5.4.3 Supplier’s Power
5.4.4 New Entrants
5.4.5 Degree of Rivalry
5.5 Global (HS Code-7106,7108,7110) Trade Analysis (2018)
5.5.1 Major Exporting Countries by Value & Volume
5.5.2 Major Importing Countries by Value & Volume
5.6 Regional Price Analysis
5.6.1 North America Precious Metals Historical Price Trends (2014-2018) & Forecast (2019-2024)
5.6.2 Europe Precious Metals Historical Price Trends (2014-2018) & Forecast (2019-2024)
5.6.3 Asia Pacific Precious Metals Historical Price Trends (2014-2018) & Forecast (2019-2024)
5.6.4 South America Precious Metals Historical Price Trends (2014-2018) & Forecast (2019-2024)
5.6.5 Middle East & Africa Precious Metals Historical Price Trends (2014-2018) & Forecast (2019-2024)
6 Manufacturing Process
6.1 Detailed Process Flow
6.2 Operations Involved
6.3 Mass Balance
7 Cost Analysis
7.1 Land, Location and Site Development
7.3 Plant Machinery
7.4 Cost of Raw Material
7.9 Other Capital Investment
8 Competitive Landscape & Supplier Analysis
8.1 Anglo American Plc
8.2 Southern Copper Corporation
8.3 Newmont Goldcorp Corporation
8.4 Norilsk Nickel PJSC
8.5 Northam Platinum Limited
8.6 North American Palladium Ltd
8.7 Newcrest Mining Limited
8.8 PJSC Polyus
8.9 Pan American Silver Corporation
8.10 Kinross Gold Corporation
8.11 Evolution Mining Ltd
8.12 Compania de Minas Buenaventura S.A.A
9 Events and Developments
EMR is one of the foremost business intelligence and market research firms with a database of syndicated and customised reports spanning more than 100 industries across global and regional markets. We leverage the knowledge of our highly skilled team of over 100 analysts and more than 3000 independent consultants to provide our clients with thoroughly researched and reliable data tailored to their requirements. We help our clients, who range from Fortune 1000 companies to medium and niche enterprises, make informed strategic decisions through our varied tools and methodology.
Our meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. We understand the distinct nature and requirements for each market and thus, modify our methodology to best fit the industry in question. Our research methodology uses a combination of cutting-edge analytical tools and the expertise of our highly accomplished team, thus, providing our customers with market insights that are accurate, actionable, and help them remain ahead of their competition. EMR’ s fine-tuned research methodology and data analysis, formulated through years of cross-industry experience of our team, ensure that our clients are provided with:
Our approach gives our clients a comprehensive assessment of the prevailing and projected market conditions through the collection, collation, and analysis of data from trusted sources.
We assess the historical, prevailing, and expected prices of commodities and raw materials by analysing our assiduously collected data from verified primary and secondary sources. Our assessments reflect the market values of related commodities within a region to help our consumers understand the interdependencies and formulate profitable market strategies. Our price assessments cover both the average global prices along with the prevailing regional prices.
Our market assessments determine the global and regional production and consumption of the product, according to their value and volume. We identify the key growth drivers, opportunities, and restraints that might promote or hinder the future market growth along with an expansive overview of the competitive landscape to help our clients make informed strategic decisions. We also take into account the demographic, economic, cultural, and political factors that might influence the market.
We gather market intelligence through our extensive database of reliable secondary sources and our exhaustive interviews with multiple industry stakeholders. The information gathered through our primary and secondary sources help us verify and extrapolate data relating to prices, trade, and market fluctuations along with the latest developments in the market.
As a part of our primary research, we interact with highly placed industrial professionals possessing an expansive and meticulous insight into the market. We conduct our interviews via mails, telephonic conversations, and one-on-one meetings. Thus, our exhaustive interviews with both buyers and consumers help us provide our clients with verified intelligence regarding the market size, share, drivers, prices, and forecast along with a detailed assessment of your supply chain.
EMR has access to extensive internal and subscribed databases, which apprise us of the historical and prevailing market conditions and help us forecast the market for the coming few years. Our secondary research involves a wide array of sources ranging from the annual and financial reports of the key players in the industry to governmental and regulatory databases. We refer to various scientific and industry publications and whitepapers to form a comprehensive understanding of the product and the supply chain. Our wide-ranging research also refers to relevant articles and press releases to provide our customers with an up-to-date understanding of the contemporary market. We derive extensive raw data from our secondary research, which then go through a thorough verification and validation process, to help us formulate an exhaustive understanding of the market, the supply chain, the competitive landscape, and the product.
Other Analyst Tools and Data Models
Our extensive and intricate data models, formulated through our propriety technological and analytical resources, help you easily comprehend the expansive market data and aid you in framing vital business and market strategies. Our tools provide you with a cohesive understanding of the industry outlook, taking into account the qualitative and quantitative market variables. Our analytical tools and models are regularly updated according to the changes in the continually evolving market scenarios as well as being adapted to best meet our client’s specific needs. Our research methods involve a blend of the best technological tools used in the industry along with the expertise of our analysts and consultants who can spot and assess the implications of the subtle factors influencing the more complex markets.
Our market assessments take into consideration only those data that are confirmed and are derived from credible and transparent sources. Thus, our clients are presented with accurate and infallible data which can be incorporated into their business strategies.
Before our data is presented to the clients, they undergo an intensive cross-verification and validation process. We corroborate the data gathered through our primary and secondary research by the review and validation of the initial sources along with the verification of the data from other thoroughly vetted sources.
Our qualitative and quantitative assessments are time-sensitive, reflecting the most recent value and volume of the market across regions. By constantly updating our databases and reports to reflect the changes taking place in the market, our market and price assessments accurately reflect the prevailing industry conditions.
Thus, our rigorous data collection, thorough statistical analysis, and specialist assessments ensure that our clientele has a greater understanding of the market space, supply chain, price fluctuations, competitive landscape, and other vital factors, helping them emerge as the undisputed industry leaders in their respective fields.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
LTCC Market and HTCC Market Report and Forecast 2019-2024
During 2014-2018, the global permanent magnets market grew at a CAGR of around 6.6% in terms of value. The market is currently being driven by an increasing focus on reducing carbon footprints, advanc...
The report by Expert Market Research entitled “Rare Earth Magnet Market Report and Forecast 2019–2024” provides a comprehensive analysis for anyone who plans to foray into the rare earth magnet ...
The report by Expert Market Research entitled “Ferrite Magnet Market Report and Forecast 2019–2024” provides a comprehensive analysis for anyone who plans to foray into the ferrite magnet market...
Buy Full Version
"Global Precious" Purchase Enquiry