Global Platinum Market 2023-2029

Global Platinum Market 2023-2029

Platinum is a dense, malleable, ductile, precious, gray-white transition metal, resistant to corrosion. It is an extremely rare metal, occurring as only 0.003 ppm in the Earth's crust. Among all the known modern uses of platinum, most of the annual production is consumed by two dominant categories - catalytic converters and fine jewelry. Platinum is also used in optical fibers and LCDs, turbine blades, spark plugs, pacemakers and dental fillings, drugs, glass and electronics industry. The global platinum market is expected to increase by 2.4 million ounces, at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2029, according to the latest edition of the Global Platinum Market Report.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global platinum market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the application, and region. The global market for platinum can be segmented by application: autocatalysts, chemicals and petrochemicals, electronics, glass, jewelry, others. According to the research, the autocatalysts segment had the largest share in the global platinum market. Platinum market is further segmented by region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. In 2022, Asia-Pacific made up the largest share of the platinum market.

Market Segmentation
By application: autocatalysts, chemicals and petrochemicals, electronics, glass, jewelry, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report also provides analysis of the key companies of the industry and their detailed company profiles including African Rainbow Minerals Limited, Anglo American Platinum Limited, Chimet S.p.A., Heraeus Holding GmbH, Impala Platinum Holdings Limited (North American Palladium Ltd.), Johnson Matthey plc, Nihon Material Co., Ltd., Norilsk Nickel PJSC, Northam Platinum Holdings Limited, Sibanye Stillwater Ltd. (Lonmin plc), Wesizwe Platinum Limited, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report

• To analyze and forecast the market size of the global platinum market.
• To classify and forecast the global platinum market based on application, region.
• To identify drivers and challenges for the global platinum market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global platinum market.
• To identify and analyze the profile of leading players operating in the global platinum market.


Why Choose This Report
• Gain a reliable outlook of the global platinum market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.