Rhodium Market 2016 Region Wise Analysis Of Top Players: Lonmin, Anglo American, Russian Platinum, Atlatsa Resources, Impala, Norilsk Nickel, Implants | Forecast To 2028

According to the latest report by Quince Market Insights, enhanced exploration techniques and a variety of uses in the various applications are expected to drive the growth of the Rhodium Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

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Rhodium is a strong, silver-colored metal of high reflectivity and enduring strength. It is the second-rarest metal in the crust of the earth. It has a high melting point, low electrical strength and stable contact resistance. It is extracted as a Nickel mining by-product.

Segmentation for better understanding of this market and its growth prospects:
Rhodium has found use in various industries in various applications. In the chemical industry, about 5 per cent of the global rhodium is processed. It is also used in glass processing. This constitutes 3 per cent of total global consumption of rhodium. Because of its high temperature resistance it is mainly used in the production of Liquid Crystal Displays (LCDs). It is used in the production of Cathode Ray Tubes (CRTs), which are used in oscilloscopic televisions and cathode rays. It has also found its use as an electroplating agent in making fine jewelry. They are extensively in thermocouple and optical instruments. Different rhodium market segments are witnessing growth due to enhanced exploration techniques and a variety of its uses.

Strategic Factors Impacting Market Growth:
o Increase in the use of auto catalysts
o Ease of processing achieved in chemical manufacturing
o Increase in demand for fine jewelry in urban as well as semi-urban markets
o Growing strain on global rhodium reserves due to increasing applications
o Increase in Dollar rate of rhodium per troy ounce
o Difficulty in synthetic processing of rhodium

Regional fragmentation to understand growth patterns:
The rhodium market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. Due to diversified demand from end-use industries and competitive dynamics North America and Western Europe are major regions for the rhodium industry. Some of these regions ' major end-use industries include electrical & electronics, aerospace &defense, jewelry, and others.In terms of new product developments and related activities these markets were dynamic.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Lonmin
2. Anglo American
3. Russian Platinum
4. Atlatsa Resources
5. Impala
6. Norilsk Nickel
7. Implants
8. Explats
9. African Rainbow Minerals
10. Stillwater Mining
11. Northam Platinum
12. Aquarius Platinum
13. Glencore

Middle East to show a promising growth

Some of this market's emerging sub-segments promise a high potential in this region. The major rhodium markets in these regions include the US, Germany, France, the United Kingdom, Canada, and Italy and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors in these regions influencing market dynamics. Developing regions like Asia Pacific, South America, and Africa have seen main organic and inorganic growth strategies change. With favorable production conditions and high demand from end-use industries, global companies have made strategic investments in these regions. Some of the region's key economies have been China, India, Brazil, South Africa, South Korea, Japan and others. Electrical & electronics, automotive, chemicals, and so on, are some of the region's major industries with strong rhodium market potential. The Middle East promises a strong market potential with demand from countries such as the UAE, Saudi Arabia, Qatar and others seeking to diversify the economic outlook. Eastern Europe, which consists of Russia and Turkey, is also estimated to be one of the key markets with demand from the automotive, aerospace & defines, chemicals, jewelry, electrical and electronics industries and others.

Market Segmentation:

o By Source :
o Minerals Source
o Copper Sulfide Ores
o Nickel Sulfide Ores
o Naturally Occurring Ores
o Recycling Sources
o Nuclear Fission
o Cementation
o Solvent Extraction
o Irradiation
o Spectrophotometry

o By Application:
o Thermocouples
o Growth Inhibitor
o Glass Toughening
o Catalyst
o Electroplating

o By End-Use Industry:
o Electrical & Electronics
o Aerospace & Defense
o Chemical
o Jewelry
o Automotive
o Others

o By Region:
o North America
o By Country (US, Canada, Mexico)
o By Source
o By Application
o By End-Use Industry
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Source
o By Application
o By End-Use Industry
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Source
o By Application
o By End-Use Industry
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Source
o By Application
o By End-Use Industry
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Source
o By Application
o By End-Use Industry
o Rest of the World
o By Region (South America, Africa)
o By Source
o By Application
o By End-Use Industry

Reasons To Buy This Report:
o Market size estimation of the global rhodium market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
o We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

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Office No- A109
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This release was published on openPR.