Global Precious Metals Market Growth 2023-2029

Global Precious Metals Market Growth 2023-2029

Gold occupies a large share of the market. Platinum group metals are listed as strategic materials by many countries.
The consumer sector occupies most of the product application market.
Precious metals have dual attributes of commodities and finance. The demand for precious metals is mainly divided into two categories: commodity manufacturing consumption and market investment demand. The currency attributes of precious metals led by gold are becoming more prominent. In addition, the application of precious metals in high-tech fields such as communication equipment and aerospace has become an important growth point for precious metals.
Currently, major global manufacturers include: Newmont Corporation, Barrick, Norilsk Nickel, Anglo-American Platinum, etc. It is expected that industry competition will become more intense in the next few years.
LPI (LP Information)' newest research report, the “Precious Metals Industry Forecast” looks at past sales and reviews total world Precious Metals sales in 2022, providing a comprehensive analysis by region and market sector of projected Precious Metals sales for 2023 through 2029. With Precious Metals sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Precious Metals industry.
This Insight Report provides a comprehensive analysis of the global Precious Metals landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Precious Metals portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Precious Metals market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Precious Metals and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Precious Metals.
The global Precious Metals market size is projected to grow from US$ 240450 million in 2022 to US$ 287650 million in 2029; it is expected to grow at a CAGR of 287650 from 2023 to 2029.
From a regional perspective, the Chinese market has changed rapidly in the past few years. In terms of product type and technology, gold occupies a large share of the market. Platinum group metals are listed as strategic materials by many countries. They are the key raw materials for modern industry and high technology, and have storage value like gold and silver. With the development of economy and high technology, there has been a rapid increase in world demand. In terms of product market application, the consumer sector occupies most of the product application market.
Precious metals have dual attributes of commodities and finance. The demand for precious metals is mainly divided into two categories: commodity manufacturing consumption and market investment demand. With the development of the global precious metal market, market functions are becoming more and more diversified, and the variety of precious metal investment is increasing. The composition of precious metal investment demand is more complex. Countries have formed multiple levels of precious metal processing and manufacturing, wholesale and retail, lease financing, asset allocation, investment and trade, etc. , Multi-form and multi-functional market demand system. With the increasing uncertainty of the world economy, the monetary attributes of precious metals led by gold have become more and more prominent. Gold is the only time-tested, irreplaceable, global strategic asset and the cornerstone of the financial reserve system of various countries. It plays an irreplaceable role in national financial stability and economic security. In addition, the application of precious metals in high-tech fields such as communication equipment and aerospace has become an important growth point for precious metals.
Currently, major global manufacturers include: Newmont Corporation, Barrick, Norilsk Nickel, Anglo-American Platinum, etc. It is expected that industry competition will become more intense in the next few years.
This report presents a comprehensive overview, market shares, and growth opportunities of Precious Metals market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Gold
Silver Metal
Platinum Group Metals
Segmentation by application
Industry
Consumer Sector
Financial Sector
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Newmont Corporation
Barrick
Nornickel
AngloAmerica
Sibanye Gold Limited
AngloGold Ashanti Limited
Polyus Gold International
China National Gold Group Co.,Ltd.
Kinross Gold Corporation
Newcrest Mining Limited
Gold Fields Limited
Agnico Eagle Mines Ltd
Polymetal International Plc
Fresnillo plc
Shangdong gold group Co.,Ltd.

Key Questions Addressed in this Report
What is the 10-year outlook for the global Precious Metals market?
What factors are driving Precious Metals market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Precious Metals market opportunities vary by end market size?
How does Precious Metals break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.