According to IMARC Group’s latest report, titled “Precious Metals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global precious metals market size reached US$ 198.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 267.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.49% during 2023-2028.
Precious metals are chemically inert elements that are not found abundantly in nature. Historically, they were used as the basis for money; however, nowadays, they are traded as portfolio diversifiers and hedges against inflation. Precious metals have a high economic value due to various factors, including their scarcity, use in industrial processes, and role throughout history as a store of value. In recent years, precious metals have gained popularity across the globe as investors nowadays purchase these valuable metals mainly as financial assets.
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Market Trends and Drivers:
The global precious metals market is primarily driven by their increasing demand in jewelry application and various industrial processes. For instance, gold finds applications in the dentistry and electronics industry due to its durability, malleability, and ability to conduct heat and electricity. On the other hand, silver is utilized in batteries, superconductors, and microcircuit applications. Apart from this, the rising concerns over financial stability, fear of inflation, and the perceived risk of war are other growth-inducing factors contributing to the market. Furthermore, several regulatory bodies are implementing stringent regulations to limit the black-market activities of precious commodities. Moreover, increasing purchasing power, improving living standards and changing lifestyles of individuals have also encouraged them to make investments in precious metals to survive the rapidly changing market conditions.
Precious Metals Market 2023-2028 Competitive Landscape and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the precious metals market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Anglo American Platinum Limited (Anglo American PLC)
- Barrick Gold Corporation
- First Majestic Silver Corp.
- First Quantum Minerals Ltd.
- Freeport-Mcmoran Inc.
- Fresnillo Plc (Peñoles Group)
- Gabriel Resources Ltd.
- Glencore International AG
- Gold Fields Limited
- Harmony Gold
- Impala Platinum Holdings Limited
- Lundin Mining Corporation
- Pan American Silver Corporation.
Key Market Segmentation:
The report has segmented the global precious metals market based on metal type, application and region.
Breakup by Metal Type:
- Gold
- Jewelry
- Investment
- Technology
- Others
- Platinum
- Auto-catalyst
- Jewelry
- Chemical
- Petroleum
- Medical
- Others
- Silver
- Industrial Application
- Jewelry
- Coins and Bars
- Silverware
- Others
- Palladium
- Auto-catalyst
- Electrical
- Dental
- Chemical
- Jewelry
- Others
- Others
Breakup by Application:
- Automotive
- Electronics
- Jewelery
- Chemicals
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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 Precious 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 Gold
6.1.1 Market Trends
6.1.2 Market Breakup by End Use
6.1.3 Market Forecast
6.2 Silver
6.2.1 Market Trends
6.2.2 Market Breakup by End Use
6.2.3 Market Forecast
6.3 Platinum
6.3.1 Market Trends
6.3.2 Market Breakup by End Use
6.3.3 Market Forecast
6.4 Palladium
6.4.1 1Market Trends
6.4.2 Market Breakup by End Use
6.4.3 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Application
7.1 Jewelry
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Investment
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Electricals
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Automotive
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Chemicals
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Region
8.1 Asia-Pacific
8.1.1 China
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 India
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.1.3 Japan
8.1.3.1 Market Trends
8.1.3.2 Market Forecast
8.1.4 South Korea
8.1.4.1 Market Trends
8.1.4.2 Market Forecast
8.1.5 Australia
8.1.5.1 Market Trends
8.1.5.2 Market Forecast
8.1.6 Indonesia
8.1.6.1 Market Trends
8.1.6.2 Market Forecast
8.1.7 Others
8.1.7.1 Market Trends
8.1.7.2 Market Forecast
8.2 North America
8.2.1 United States
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Canada
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 United Kingdom
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 France
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Russia
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Italy
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Spain
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 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Breakup by Country
8.4.3 Market Forecast
8.5 Latin America
8.5.1 Brazil
8.5.1.1 Market Trends
8.5.1.2 Market Forecast
8.5.2 Mexico
8.5.2.1 Market Trends
8.5.2.2 Market Forecast
8.5.3 Others
8.5.3.1 Market Trends
8.5.3.2 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 Anglo American Platinum Limited (Anglo American PLC)
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Barrick Gold Corporation
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 First Majestic Silver Corp.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.4 First Quantum Minerals Ltd.
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 Freeport-Mcmoran Inc.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Fresnillo plc (Peñoles Group)
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.7 Gabriel Resources Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.8 Glencore International AG
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 Gold Fields Limited
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.10 Harmony Gold
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.11 Impala Platinum Holdings Limited
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.12 Lundin Mining Corporation
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 Financials
13.3.12.4 SWOT Analysis
13.3.13 Pan American Silver Corporation
13.3.13.1 Company Overview
13.3.13.2 Product Portfolio
13.3.13.3 Financials
13.3.13.4 SWOT Analysis
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