Global Platinum Ingots Market Research Report 2022
Due to the COVID-19 pandemic, the global Platinum Ingots market size is estimated to be worth US$ 6323 million in 2022 and is forecast to a readjusted size of US$ 8431 million by 2028 with a CAGR of 4.48% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, 99.95% accounting for 61.3% of the Platinum Ingots global market in 2021, is projected to value US$ 1078 million by 2028, growing at a revised 4.42% CAGR from 2022 to 2028. While Automotive Catalysts segment is altered to an 4.53 % CAGR throughout this forecast period.
South Africa Platinum Ingots market size was US$ 4754 million in 2021, while Russia was US$ 511 million. The proportion of the South Africa was 75% in 2021, while Russia percentage was 8%, and it is predicted that Russia market share will reach 6% in 2028, trailing a CAGR of 0.04 % through the analysis period.
The global major manufacturers of Platinum Ingots include Nornickel, Anglo American Platinum (ANGPY), Impala Platinum, SBYSF, Northam Platinum, Heraeus, and etc. In terms of revenue, the global three largest players hold a 65% market share of Platinum Ingots in 2021.
Palladium supplies are likely to remain tight until at least 2025, after which prices are expected to fall to around $1,500 an ounce. We believe that the palladium market will be in substantial contraction until 2025. In the long term, we do not see palladium prices staying above $2,000 an ounce, and likely to fall to around $1,500, and we expect platinum prices to rise sharply. Platinum prices could rise to $2,500 to $2,700 an ounce from 2025 as automakers switch to using more platinum.
Global Platinum Ingots Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milesK ozes. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Platinum Ingots Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Company
Anglo American Platinum (ANGPY)
Impala Platinum
SBYSF
Northam Platinum
Nornickel
Heraeus
American Elements
Sino-Platinum Metals
Jiangsu BGRIMM Metal Recycling
Segment by Type
99.95%
99.99%
Segment by Application
Automotive Catalysts
Jewelry
Industrial
Investments
Production by Region
South Africa
Russia
Zimbabwe
Canada
U.S.
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Australia
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
South America
Mexico
Brazil
Rest of South America
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