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Phosphate Rock Market - Forecast (2022 - 2027)

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  • 103 Pages
  • January 2022
  • Region: Global
  • IndustryARC
  • ID: 5616234
The Platinum Group Metals Market size is expected to grow at a CAGR of 4% during 2020-2027. The metals platinum group metals comprise platinum, rhodium, palladium, iridium, ruthenium, and osmium. The demand for platinum group metals has seen significant opportunities, most importantly from the various applications of platinum. It is commonly used in the manufacture of jewellery and in the development of materials for medicine and electronics. Another primary palladium metal is used for its desirable catalytic properties. Chemicals, automotive catalysts, fuel cells, glass, electrical and electronics, ceramics, paints and pigments are the main applications. Currently, due to the COVID-19 pandemic, the shut down of manufacturing manufacturing facilities and lower in production due to this cause, as well as, the market recession in developing countries tends to constrain the growth of the market.

Platinum Group Metals Market Report Coverage

The report: “Platinum Group Metals Market - Forecast (2020-2027)” covers an in-depth analysis of the following segments of the Platinum Group Metals Acid Industry.
  • By Material Type: Platinum, Palladium, Rhodium, Iridium, Ruthenium and Osmium.
  • By Application: Auto Catalysts, Electrical and Electronics, Fuel Cells, Glass, Ceramics, and Pigments, Jewellery, Medical (Dental and Pharmaceuticals), Chemicals, and others.
  • By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

  • By metal type, due to the increasing automotive and electrical and electronics industries all over the world, palladium accounted for the fastest growth and is projected to rise during the forecast era.
In upcoming years, growth in R&D activities in the electronics industry is expected to serve as a stimulus.

Platinum Group Metals Market Segment Analysis - By Type

The platinum segment is dominating and accounting with the highest share in the market. Platinum is a precious metal of grayish-white color that is mainly used for the manufacture of autocatalysts, jewellery, and chemicals. Platinum has a high temperature tolerance and melting point, excellent corrosion resistance, and is a strong catalyst for oxidation, and is conductive. In addition, platinum can prevent the growth of cancerous cells in some substances, and it is an important factor in many medical applications since it is biologically compatible. Demand for platinum-based anti-cancer medicines is growing dramatically in the medical industry, while heart issues are treated with the help of medical devices such as pacemakers containing platinum electrodes. The aforementioned factors tend to the growth of platinum in the market.

Platinum Group Metals Market Segment Analysis - By Geography

The Asia Pacific accounts for the largest market share in the platinum metals category, accounting for almost half of the global market share and is projected to be the fastest developing market. The main holder of this regional market is China. Investment in large integrated petrochemical complexes in China can continue to benefit from the demand for platinum in chemical and petroleum refining applications. China is the world 's largest maker of hard disc drives (HDDs), which is successful in producing the tremendous market for metals in the platinum category. In addition, in the Asia-Pacific platinum group metals industry, India and ASEAN countries are now becoming the key drivers for demand growth. In the expansion of the global platinum group metals industry, the tremendous growth of the Asia-Pacific region is very instrumental.

Platinum Group Metals Market Drivers

Growing demand for platinum, palladium, and ruthenium across various end users

The rising demand in the electronics industry for platinum, palladium, and ruthenium is a key driver of growth in the metals sector for the platinum category. Growing demand in the automobile sector for catalytic converters has driven steady revenue growth in key regional markets. Significant demand for platinum group metals, especially platinum, has also been seen in the electrical and electronics industries. The metal is being used in autocatalysts, watches, and chemicals more and more. The appeal of platinum group metals is stoked by a variety of properties such as high temperature stability, exceptional corrosion resistance, and conductivity.

Platinum Group Metals Market Challenges

The high cost factor constraints the growth of the market

The high costs involved in the production are expected to hinder the growth of the Platinum Group Metals Market. Owing to reduced demand for diesel engines, which are dependent on platinum for catalytic conversion, platinum prices have suffered in recent years. For petrol engines, which are more reliant on palladium and rhodium, demand is increasing. As the commodity is in surplus supply due to reduced industrial demand, this has affected platinum values.

Platinum Group Metals Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Platinum Group Metals Acid market. In 2021, the market of Platinum Group Metals Acid has been consolidated by the top five players accounting for xx% of the share. Platinum Group Metals Acid Market top 10 companies are Anglo American Platinum, Norilsk Nickel, Impala Platinum, Lonmin, and Northam Platinum Limited, among others.

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Table of Contents

1. Phosphate Rock Market- Market Overview
1.1 Definitions and Scope
2. Phosphate Rock Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Source
2.3 Key Trends by Application
2.4 Key Trends by Geography
3. Phosphate Rock Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Phosphate Rock Market- Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Market Opportunities
4.4 Porters five force model
4.4.1 Bargaining power of suppliers
4.4.2 Bargaining powers of customers
4.4.3 Threat of new entrants
4.4.4 Rivalry among existing players
4.4.5 Threat of substitutes
5. Phosphate Rock Market-Strategic analysis
5.1 Value chain analysis
5.2 Opportunities analysis
5.3 Market life cycle
5.4 Suppliers and distributors Analysis
6. Phosphate Rock Market- By Source (Market Size -$Million)
6.1 Marine Phosphate Deposits
6.2 Igneous Phosphate Deposits
6.3 Metamorphic Deposits
6.4 Biogenic Deposits
6.5 Weathered Deposits
7. Phosphate Rock Market- By Application (Market Size -$Million)
7.1 Fertilizers
7.2 Feed and Food Additives
7.3 Industrial
7.4 Chemicals
7.5 Others
8. Phosphate Rock Market- By Geography (Market Size -$Million)
8.1 North America
8.1.1 U.S.
8.1.2 Canada
8.1.3 Mexico
8.2 South America
8.2.1 Brazil
8.2.2 Argentina
8.2.3 Colombia
8.2.4 Chile
8.2.5 Rest OF South America
8.3 Europe
8.3.1 U.K
8.3.2 Germany
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Netherlands
8.3.7 Russia
8.3.8 Belgium
8.3.9 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 ANZ
8.4.4 Japan
8.4.5 South Korea
8.4.6 Rest of Asia Pacific
8.5 ROW
8.5.1 Middle East Saudi Arabia UAE Israel Rest of Middle East
8.5.2 Africa South Africa Nigeria Rest of South Africa
9. Phosphate Rock Market- Entropy
9.1 New Product Launches
9.2 M&A’s, Collaborations, JVs and Partnerships
10. Phosphate Rock Market- Company Analysis
10.1 Market Share, Company Revenue, Products, M&A, Developments
10.2 Company 1
10.3 Company 2
10.4 Company 3
10.5 Company 4
10.6 Company 5
10.7 Company 6
10.8 Company 7
10.9 Company 8
10.10 Company 9
10.11 Company 10 and more