Press release
Precious Metals Market: Global Industry Outlook, Size (US$ 267.5 Billion), Share, Growth (CAGR of 5.49%), Top Companies Analysis and Research Report 2023-2028
According to IMARC Group's latest report, titled "๐๐ซ๐๐๐ข๐จ๐ฎ๐ฌ ๐๐๐ญ๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐," 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. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.๐๐๐๐ซ ๐๐จ๐ง๐ฌ๐ข๐๐๐ซ๐๐ ๐ญ๐จ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐:
โข Base Year of the Analysis: 2022
โข Historical Period: 2017-2022
โข Forecast Period: 2023-2028
Precious metals represent naturally occurring elements that are distinguished by their high luster. These metals are hard, less reactive, rare, and have high economic value compared to base elements. They are malleable, resistant to corrosion, ductile, and good conductors of heat and energy. In addition, precious metals, such as silver, platinum, gold, and palladium, are also used as valuable assets for investment purposes. They are considered to be a suitable portfolio fence and diversifier against inflation that enables unique opportunities. As a result, precious metals find widespread applications in the manufacturing of consumer electronics, automobiles, jewelry, chemicals, and medical equipment across the globe.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐: https://www.imarcgroup.com/precious-metals-market/requestsample
๐๐ซ๐๐๐ข๐จ๐ฎ๐ฌ ๐๐๐ญ๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The changing lifestyles and the inflating disposable incomes of individuals are among the primary factors driving the precious metals market. Besides this, the escalating product demand in the production of art and jewelry, owing to its aesthetic appearance and significant value, is further augmenting the market growth. Moreover, the leading players across various industry verticals are investing in the recycling of precious metals that can be utilized for manufacturing heart pacemakers and artificial cochlea, on account of the rising environmental concerns, which are also catalyzing the global market. Apart from this, the launch of several policies by the government bodies to promote the product usage for purifying exhaust gases in automobiles is acting as another significant growth-inducing factor. Additionally, the growing popularity of gold in designing picture frames and furniture items is also stimulating the market growth. Furthermore, the elevating requirement for these elements in the fabrication of memory chips and microprocessors integrated into smartphones and laptops is anticipated to propel the precious metals market over the forecasted period.
๐๐ซ๐๐๐ข๐จ๐ฎ๐ฌ ๐๐๐ญ๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐-๐๐๐๐ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐๐ง๐ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐๐ข๐ญ๐ก ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
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:
โข Anglo American Platinum Limited (Anglo American PLC)
โข Barrick Gold Corporation
โข First Majestic Silver Corp.
โข First Quantum Minerals Ltd.
โข Freeport-Mcmoran Inc.
โข Fresnillo Plc (Peรฑoles Group)
โข Gabriel Resources Ltd.
โข Glencore International AG
โข Gold Fields Limited
โข Harmony Gold
โข Impala Platinum Holdings Limited
โข Lundin Mining Corporation
โข Pan American Silver Corporation
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
The report has segmented the global precious metals market based on metal type, application and region.
Breakup by Metal Type:
โข Gold:
o Jewelry
o Investment
o Technology
o Others
โข Platinum:
o Auto-catalyst
o Jewelry
o Chemical
o Petroleum
o Medical
o Others
โข Silver:
o Industrial Application
o Jewelry
o Coins and Bars
o Silverware
o Others
โข Palladium:
o Auto-catalyst
o Electrical
o Dental
o Chemical
o Jewelry
o Others
โข Others
Breakup by Application:
โข Automotive
โข Electronics
โข Jewelry
โข Chemicals
โข Others
Breakup by Region:
โข North America
โข Asia Pacific
โข Europe
โข Latin America
โข Middle East and Africa
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐% ๐ ๐ซ๐๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=2351&flag=C
๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข 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.
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
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