Quick Summary:
As the global Rhodium industry continues to expand, making informed business decisions becomes crucial for remaining competitive and maximizing profit. In this increasingly dynamic market landscape, our comprehensive Rhodium Market Report—projections showcasing a growth from $3.8 billion to a revised size of $5.6 billion by 2030—provides industry executives with a strategic and data-driven asset tailored to facilitate confident decision-making.
This report offers premier insights into the fastest evolving segments including the rising automotive industry, due to record a 5.4% CAGR, and the promising China market expected to witness a robust 8.4% CAGR. Take advantage of meticulous competitive analysis, featuring 14 prominent players and a round-up of global market presence and market share figures. Coupled with exclusive access to our digital archives, online collaborative updates and research platforms, executives are armed with the tools needed to navigate challenges, harness opportunities and prepare for future market trends.
Global Rhodium Market to Reach $5.6 Billion by 2030
The global market for Rhodium estimated at US$3.8 Billion in the year 2022, is projected to reach a revised size of US$5.6 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030. Automobile, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$2.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Refinery segment is readjusted to a revised 4.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 8.4% CAGR
The Rhodium market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 8.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$759.3 Million by the year 2030.Select Competitors (Total 14 Featured) -
- African Rainbow Minerals Ltd.
- Alfa Aesar
- Amass Metals
- American Elements
- Anglo American Platinum Ltd.
- Anglo American PLC
- Arora Matthey Limited
- Catalysts and Technologies
- Chimet S.P.A.
- DCL International, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Rhodium?
What is the growth rate of the Global Market for Rhodium?
What is the forecasted size of the Global Market for Rhodium?
Who are the key companies in the Global Market for Rhodium?
| Report Attribute | Details |
|---|---|
| No. of Pages | 79 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 3.8 Billion |
| Forecasted Market Value ( USD | $ 5.6 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- African Rainbow Minerals Ltd.
- Alfa Aesar
- Amass Metals
- American Elements
- Anglo American Platinum Ltd.
- Anglo American PLC
- Arora Matthey Limited
- Catalysts and Technologies
- Chimet S.P.A.
- DCL International, Inc.
