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Platinum Group Metals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 142 Pages
  • May 2023
  • Region: Global
  • IMARC Group
  • ID: 5820722
Description Jump to:
The global platinum group metals market size reached US$ 38.7 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 49.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.95% during 2023-2028.

Platinum group metals are six chemically, physically, and anatomically similar elements clustered together in the periodic table. They consist of platinum, rhodium, palladium, iridium, ruthenium and osmium. They are widely used in oxygen sensors, fuel cells, auto catalysts, jewelry making, electronic components, flat-panel computers, medical tools, computer hard drives, razors, spark plugs and glass production. Platinum group metals are known for their purity, high melting points and unique catalytic properties. In addition to this, they exhibit various properties, such as softness, ductile high melting point, resistance to heat, corrosion and oxidation. As compared to other metals, platinum group metals are more soft, easy to shape, unreactive and have a higher melting point.

Platinum Group Metals Market Trends:

The widespread product adoption in the automotive industry is one of the key factors driving the growth of the market. Platinum group metals are widely used for manufacturing auto catalysts used in the exhaust system of vehicles to control the emission of harmful gasses. In line with this, the increasing product utilization in manufacturing automobile sensors and spark plugs that ignites the fuel and air mixture to produce power are favoring the market growth. Moreover, various technological innovations, such as the introduction of handheld X-ray fluorescence (XRF) instrument, to analyze platinum group metals in catalytic converters, are providing an impetus to the market growth. This, in turn, aids in providing precise, accurate, fast and non-destructive analysis. Additionally, the increasing product demand in the medical industry for platinum-based anticancer medicines and medical devices, such as pacemakers, is positively impacting the market growth. Apart from this, the increasing demand for platinum group metals in the production of many active pharmaceutical ingredients (APIs) and widespread product utilization in the jewelry industry for electroplating are creating a positive outlook for the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global platinum group metals market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on metal type and application.

Breakup by Metal Type:

  • Platinum
  • Palladium
  • Rhodium
  • Iridium
  • Ruthenium
  • Osmium

Breakup by Application:

  • Auto Catalysts
  • Electrical and Electronics
  • Fuel Cells
  • Glass, Ceramics and Pigments
  • Jewellery
  • Medical (Dental and Pharmaceuticals)
  • Chemicals
  • Others

Breakup by Region:

North America

  • United States
  • Canada

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others

Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being African Rainbow Minerals Limited, Anglo American Platinum Limited, Eastern Platinum Limited, Glencore plc, Impala Platinum Holdings Limited, Johnson Matthey, Northam Platinum Limited, Royal Bafokeng Platinum Ltd. and Sibanye-Stillwater.

Key Questions Answered in This Report:

  • How has the global platinum group metals market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global platinum group metals market?
  • What are the key regional markets?
  • What is the breakup of the market based on the metal type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global platinum group metals market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Platinum Group Metals Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Metal Type
6.1 Platinum
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Palladium
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Rhodium
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Iridium
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Ruthenium
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Osmium
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Application
7.1 Auto Catalysts
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Electrical and Electronics
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Fuel Cells
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Glass, Ceramics and Pigments
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Jewellery
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Medical (Dental and Pharmaceuticals)
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Chemicals
7.7.1 Market Trends
7.7.2 Market Forecast
7.8 Others
7.8.1 Market Trends
7.8.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 African Rainbow Minerals Limited
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.2 Anglo American Platinum Limited
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 Eastern Platinum Limited
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 Glencore plc
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Impala Platinum Holdings Limited
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.6 Johnson Matthey
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Northam Platinum Limited
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Royal Bafokeng Platinum Ltd.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.9 Sibanye-Stillwater
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
List of Figures
Figure 1: Global: Platinum Group Metals Market: Major Drivers and Challenges
Figure 2: Global: Platinum Group Metals Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Platinum Group Metals Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Platinum Group Metals Market: Breakup by Metal Type (in %), 2022
Figure 5: Global: Platinum Group Metals Market: Breakup by Application (in %), 2022
Figure 6: Global: Platinum Group Metals Market: Breakup by Region (in %), 2022
Figure 7: Global: Platinum Group Metals (Platinum) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Platinum Group Metals (Platinum) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Platinum Group Metals (Palladium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Platinum Group Metals (Palladium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Platinum Group Metals (Rhodium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Platinum Group Metals (Rhodium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Platinum Group Metals (Iridium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Platinum Group Metals (Iridium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Platinum Group Metals (Ruthenium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Platinum Group Metals (Ruthenium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Platinum Group Metals (Osmium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Platinum Group Metals (Osmium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Platinum Group Metals (Auto Catalysts) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Platinum Group Metals (Auto Catalysts) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Platinum Group Metals (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Platinum Group Metals (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Platinum Group Metals (Fuel Cells) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Platinum Group Metals (Fuel Cells) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Platinum Group Metals (Glass, Ceramics and Pigments) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Platinum Group Metals (Glass, Ceramics and Pigments) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Platinum Group Metals (Jewellery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Platinum Group Metals (Jewellery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Platinum Group Metals (Medical (Dental and Pharmaceuticals)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Platinum Group Metals (Medical (Dental and Pharmaceuticals)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Platinum Group Metals (Chemicals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Platinum Group Metals (Chemicals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Platinum Group Metals (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Platinum Group Metals (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: North America: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: North America: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: United States: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: United States: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Canada: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Canada: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Asia-Pacific: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Asia-Pacific: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: China: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: China: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Japan: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Japan: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: India: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: India: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: South Korea: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: South Korea: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Australia: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Australia: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Indonesia: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Indonesia: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Others: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Others: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Europe: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Europe: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Germany: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Germany: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: France: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: France: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: United Kingdom: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: United Kingdom: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Italy: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Italy: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Spain: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Spain: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Russia: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Russia: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Latin America: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Latin America: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Brazil: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Brazil: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Mexico: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Mexico: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Middle East and Africa: Platinum Group Metals Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Middle East and Africa: Platinum Group Metals Market: Breakup by Country (in %), 2022
Figure 83: Middle East and Africa: Platinum Group Metals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Global: Platinum Group Metals Industry: SWOT Analysis
Figure 85: Global: Platinum Group Metals Industry: Value Chain Analysis
Figure 86: Global: Platinum Group Metals Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Platinum Group Metals Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Platinum Group Metals Market Forecast: Breakup by Metal Type (in Million US$), 2023-2028
Table 3: Global: Platinum Group Metals Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Platinum Group Metals Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Platinum Group Metals Market: Competitive Structure
Table 6: Global: Platinum Group Metals Market: Key Players

Companies Mentioned

  • African Rainbow Minerals Limited
  • Anglo American Platinum Limited
  • Eastern Platinum Limited
  • Glencore plc
  • Impala Platinum Holdings Limited
  • Johnson Matthey
  • Northam Platinum Limited
  • Royal Bafokeng Platinum Ltd. and Sibanye-Stillwater.

Methodology

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Table Information

Report AttributeDetails
No. of Pages142
PublishedMay 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 38.7 Billion
Forecasted Market Value ( USD ) by 2028 $ 49.5 Billion
Compound Annual Growth Rate4.2%
Regions CoveredGlobal
No. of Companies Mentioned8

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