Precious Metals Market Size, Share, Latest Trends, Key Manufacturers, Competitive Analysis,Applications, Usage and Types, Regional Outlook from 2019 to 2023

Precious Metals Market Research Report — by Type (Gold, Silver, Platinum Group Metals), Application (Jewelry, Investments, Dentistry), End-Use Industry (Electronics, Medical, Aerospace, Automotive), Region (North America, Europe) - Global Forecast to 2023

Introduction:

Precious Metals, also called as noble metals are rare and possess significant economic value. They are inert in nature and exhibits high ductility, excellent electrical conductivity, luster, and superior chemical resistance. Owing to its relatively inert nature, they find widespread applications in jewelry and electronics industries.

Precious Metals Market Competitive Analysis:

Some of the market players involved in the Global Precious Metals Market are Newmont Mining Corporation. (US), Hycroft Mining Corporation (US), Freeport-McMoRan (US), Norilsk Nickel (Russia), Anglo American (UK), Sumitomo Metal Mining Co., Ltd. (Japan), Asahi Refining (US), Russian Platinum (Russia), Barrick Gold Corporation (Canada), GOLDCORP INC. (Canada), Kinross Gold Corporation (Canada), Lonmin Plc (South Africa), and PAN AMERICAN SILVER. (Canada)

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Market Segmentation

The Global Precious Metals Market has been categorized on the basis of Type, Application, End-Use Industry and Region.

By Type, the Global Precious Metals Market has been classified into gold, silver, and platinum group metals. The platinum group metals segment has been further segmented into platinum, palladium, ruthenium, rhodium, osmium, and iridium.

On the basis of Application, the Global Precious Metals Market has been divided into jewelry, investments, electronic components, dentistry, computer parts, cutlery, photography, and others.

Based on End-Use Industry, the Global Precious Metals Market has been categorized into electronics, medical, automotive, aerospace, oil & gas, and others.

The Global Precious Metals Market has been analyzed across five key regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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Regional Analysis

The Global Precious Metals Market has been studied for five major regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The Asia-Pacific is the leading market due to the growing demand for Precious Metals such as gold and silver in jewelry making. China is the leading market in the region owing to the rising investments of gold and silver, growing retail outlets of jewelry, increasing disposable income, and healthy growth of the electronics industry. The North American market is projected to register the highest CAGR during the forecast period due to large mining activities and recovery of economy.

Target Audience:

Traders and Distributors of Precious Metals
Precious Metals Refining and Mining Companies
Potential Investors
Nationalized Laboratories
Government Bodies
Central Banks
Jewelry Merchants
Business Merchants
 

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This release was published on openPR.