Platinum Group Metals Market Size, Revenue Status, Product Scope and Global Outlook 2020 | African Rainbow Minerals, Anglo American Platinum, Glencore, Impala Platinum

The Global Platinum Group Metals Market report offers a comprehensive analysis of the market. This report focused on market past and present growth globally. Global research on Global Platinum Group Metals Industry presents a market overview, product details, classification, market concentration, and maturity study. The market value and growth rate from 2020-2025 along with industry size estimates are explained.

The platinum group metals market is expected to register a CAGR of over 4% during the forecast period. Major factors driving the market studied are the growing demand for catalytic converters from the automotive industry and the increasing demand for platinum, palladium, and ruthenium from the electronics industry. However, the high costs involved in the production are expected to hinder the growth of the market.

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The prominent players in the global Platinum Group Metals market are:

African Rainbow Minerals, Anglo American Platinum, Glencore, Impala Platinum, Johnson Matthey, Lonmin, Norilsk Nickel, North American Palladium, Northam Platinum Limited, Royal Bafokeng Platinum, Sibanye-Stillwater, Vale

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Platinum to Dominate the Market

- Platinum is a grayish-white-colored precious metal, which is primarily used for manufacturing autocatalysts, jewelry, and chemicals. The most important application of platinum is considered to be in the jewelry category, as it represented about 40% of the overall platinum consumption. The application of catalytic converters contributes to about 37% of the global demand. The rest of the global demand is attributable to various industrial applications.
- Platinum has a high melting point and temperature stability, great corrosion resistance, and is a good oxidation catalyst, and conductive. Furthermore, platinum in certain compounds can inhibit the growth of cancerous cells, and it is an important component in many medical applications, as it is biologically compatible.
- In the medical industry, the demand for platinum-based anti-cancer drugs is increasing significantly, while cardiac problems are treated with the help of medical devices, such as the pacemaker, which contains platinum electrodes.

- Platinum is employed as a catalyst in motor cars, as it regulates the emission of greenhouse gases. Moreover, it contributes to waste reduction, as it is highly durable, strong, and reliable. Furthermore, the high recyclability of PGMs minimizes the load on the environment.
- Companies, such as Johnson Matthey, WC Heraeus, and BASF SE are involved in the fabrication of platinum products, while the key platinum jewelry manufacturers include Tiffany & Co. and Tanishq. The major companies that are engaged in the manufacturing of platinum catalysts are Honeywell International Inc., Sud Chemie AG, Toshiba, and Delphi Technologies.
- All the aforementioned factors are likely to increase the market over the forecast period.

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Furthermore, Global Platinum Group Metals Market following points are involved along with a detailed study of each point: -

-Manufacture Analysis -- Generation of this Global Platinum Group Metals Industry is tested about applications, types, and regions with price analysis of players that are covered.

-Sales & Revenue Assessment -- Revenue, sales are planned for this Platinum Group Metals market, including with various essentials along yet another facet is assessed in this section for foremost regions.

-Supply and Effectiveness -- In continuation using earnings, this section studies consumption, and global Platinum Group Metals market. This area also sheds light on the variance between ingestion and distribution. Export and Platinum Group Metals significance data are provided in this part.

-Competitors -- In this section, key players have been studied depending on product portfolio, their Platinum Group Metals market company profile, volume, price, price, and earnings.

-Investigations and Analysis -- Platinum Group Metals market analysis aside from business, the information, and supply, contact information from manufacturers, consumers and providers can also be presented. Additionally, a feasibility study to asset and SWOT analysis for endeavors have been contained.

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