openPR Logo
Press release

๐‘๐ก๐จ๐๐ข๐ฎ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ Size & Share Analysis - Growth Trends & Forecasts 2030

Rhodium Market

Rhodium Market

๐‘๐ก๐จ๐๐ข๐ฎ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ size was valued at USD 2.31 Bn in 2023 and is expected to reach USD 3.35 Bn by 2030, at a CAGR of 5.4%.

๐‘๐ก๐จ๐๐ข๐ฎ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:
The rhodium market is an essential part of the global precious metals industry, driven by its unique properties and diverse applications. As one of the rarest and most valuable metals, rhodium plays a key role in automotive catalytic converters, which help reduce harmful emissions from vehicles. Additionally, it is used in electronics, jewelry, and other industrial applications. The market has witnessed fluctuating demand due to price volatility, driven by supply constraints and shifting industrial needs. The increasing adoption of stricter emission standards and environmental regulations globally has contributed to the growing importance of rhodium in various sectors.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๏ปฟ: https://www.maximizemarketresearch.com/request-sample/191678/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‘๐ก๐จ๐๐ข๐ฎ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

The demand for rhodium is primarily driven by its critical role in the automotive industry, particularly for catalytic converters, which reduce harmful pollutants in vehicle emissions. As governments and regulatory bodies continue to tighten environmental standards, there is a growing need for more effective and efficient catalytic systems, directly boosting the rhodium market. Additionally, rhodium's use in other industrial processes, including hydrogenation and electronics, further supports market growth. The limited availability of rhodium, owing to its rarity and the high costs associated with its extraction, adds to its value and drives demand.

๐‘๐ก๐จ๐๐ข๐ฎ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

One of the most significant trends in the rhodium market is the increasing demand for cleaner technologies and environmental solutions. The global shift toward electric vehicles (EVs) and alternative energy sources is influencing the demand for rhodium, though traditional internal combustion engine vehicles continue to require it for emission control systems. Additionally, advancements in catalytic converter technologies and the growing focus on hydrogen fuel cell technologies are shaping the market landscape. Rhodium prices have also experienced significant volatility, driven by market speculation, supply constraints, and changing industrial needs.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/191678/

๐‘๐ก๐จ๐๐ข๐ฎ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

The rhodium market presents numerous opportunities for growth, particularly in emerging technologies aimed at reducing environmental impact. The continued development and adoption of cleaner vehicles, including hydrogen-powered cars and electric vehicles with internal combustion engine range extenders, create long-term demand for rhodium in catalytic systems. Moreover, the growing investment in green technologies, such as fuel cells and renewable energy, opens up new avenues for rhodium usage. Recycling of rhodium from used catalytic converters also presents an opportunity for sustainability and market stability by alleviating supply constraints.

๐–๐ก๐š๐ญ ๐ข๐ฌ ๐‘๐ก๐จ๐๐ข๐ฎ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ?

Regionally, the rhodium market is primarily influenced by the automotive industries in North America, Europe, and Asia-Pacific. Europe, home to major automotive manufacturers and stringent environmental regulations, is a significant consumer of rhodium for emission control technologies. The Asia-Pacific region, particularly China and India, is seeing rising demand due to the growing automotive sector and the expansion of industrial applications. In North America, particularly the U.S., the demand for rhodium is linked to high vehicle production and government mandates for cleaner emissions. The dynamic market conditions across different regions reflect the unique challenges and opportunities that affect rhodium's global supply and demand.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/191678/ ๏ปฟ๏ปฟ

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ก๐จ๐๐ข๐ฎ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

by Application

Automotive Industry
Chemical Industry
Jewelry Industry

by Source

Mining
Recycling

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐‘๐ก๐จ๐๐ข๐ฎ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. Anglo American Platinum
2. Impala Platinum Holdings Limited
3. Norilsk Nickel
4. Sibanye-Stillwater
5. Heraeus Holding
6. Johnson Matthey
7. African Rainbow Minerals
8. J - J Materials
9. Glencore
10. Lonmin

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/rhodium-market/191678/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Past Market Size and Competitive Landscape
๐‘๐ก๐จ๐๐ข๐ฎ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
๐‘๐ก๐จ๐๐ข๐ฎ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆ Global Aniline Market https://www.maximizemarketresearch.com/market-report/global-aniline-market-2/55879/

โ™ฆ Mexico Electric Vehicle Market https://www.maximizemarketresearch.com/market-report/mexico-electric-vehicle-market/64075/

โ™ฆ India Electric Vehicle Powertrain Market https://www.maximizemarketresearch.com/market-report/india-electric-vehicle-powertrain-market/20097/

โ™ฆ Global Transformer Monitoring System Market https://www.maximizemarketresearch.com/market-report/global-transformer-monitoring-system-market/119579/

โ™ฆ Over-The-Top (OTT) Communication Market https://www.maximizemarketresearch.com/market-report/global-over-the-top-ott-communication-market/100524/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release ๐‘๐ก๐จ๐๐ข๐ฎ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ Size & Share Analysis - Growth Trends & Forecasts 2030 here

News-ID: 3754085 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Clinical Trials Market Set to Reach USD 88.26 Billion by 2032 with a 6.13% CAGR - Clinical Trials Market Forecast Insights
Clinical Trials Market Set to Reach USD 88.26 Billion by 2032 with a 6.13% CAGR โ€ฆ
According to a new report by Maximize Market Research, the global Clinical Trials Market was valued at USD 54.83 billion in 2024 and is projected to reach USD 88.26 billion by 2032, growing at a CAGR of 6.13%. A major surge in biopharmaceutical R&D and oncology-focused studies is driving the global clinical trials market toward nearly USD 88.26 billion by 2032 at a 6.13% CAGR. โ–บ Get a sample of theโ€ฆ
Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5.16% Driven
Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5 โ€ฆ
Turbo Trainer Market size was valued at USD 281.52 Mn. in 2024 and the total Turbo Trainer revenue is expected to grow at 5.16% through 2025 to 2032, reaching nearly USD 421.03 Mn. Turbo Trainer Market Overview: The Turbo Trainer Market is witnessing significant growth as fitness enthusiasts increasingly adopt indoor cycling equipment for year-round training. Turbo trainers, which allow users to convert regular bicycles into stationary exercise machines, have become essentialโ€ฆ
Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of 7% Driven
Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of โ€ฆ
Sodium Acetate Market size was valued at USD 206.17 Million in 2024, and the total revenue is expected to grow at CAGR of 7 % from 2025 to 2032, reaching nearly USD 354.24 Million. Sodium Acetate Market Overview: The Sodium Acetate Market is experiencing steady growth due to its widespread applications across industries such as food and beverage, pharmaceuticals, textiles, and chemical manufacturing. Sodium acetate, a versatile salt of acetic acid, isโ€ฆ
India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR -
India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR - "India Tire โ€ฆ
According to a new report by Maximize Market Research, the India tire market was valued at approximately USD 13.4 billion in 2024 and is expected to climb to USD 27.6 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.6 %. The growth is underpinned by increasing automotive production, growing replacement demand, and rising adoption of radial tyres. โ–บ Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/21022/ โ™ฆ Key Highlights Market sizeโ€ฆ

All 5 Releases


More Releases for Rhodium

Rhodium Prices, Chart, Historical Price Trend and Forecast Data
๐—ก๐—ผ๐—ฟ๐˜๐—ต ๐—”๐—บ๐—ฒ๐—ฟ๐—ถ๐—ฐ๐—ฎ ๐—ฅ๐—ต๐—ผ๐—ฑ๐—ถ๐˜‚๐—บ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐— ๐—ผ๐˜ƒ๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—Ÿ๐—ฎ๐˜€๐˜ ๐—ค๐˜‚๐—ฎ๐—ฟ๐˜๐—ฒ๐—ฟ: ๐—ฅ๐—ต๐—ผ๐—ฑ๐—ถ๐˜‚๐—บ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—ถ๐—ป ๐—จ๐—ฆ๐—”: In Last Quarter, the price of rhodium in the United States reached 7,662 USD per Troy ounce. The market experienced notable fluctuations, primarily driven by strong demand from the automotive industry, where rhodium is a critical component in catalytic converters. Additionally, supply constraints due to limited mining output and geopolitical uncertainties contributed to the price increase. Rhodium, being a rare andโ€ฆ
Rhodium Market Expected to Reach USD 3.35 Billion by 2030
Anticipated Growth in Revenue: Rhodium Market size was valued at USD 2.31 Bn in 2023 and is expected to reach USD 3.35 Bn by 2030, at a CAGR of 5.4%. Rhodium Market Overview: The Rhodium market is experiencing robust growth driven by its critical applications in automotive catalysts, particularly in the reduction of nitrogen oxide emissions from vehicles. This rare and valuable metal, prized for its reflective properties and high resistance to corrosion,โ€ฆ
Rhodium Prices, Trends & Forecasts | Provided by Procurement Resource
Rhodium (Rh) is a rare earth element that is silvery-white in color. It is a hard metal that is resistant to corrosion and chemically inert in nature. It is a noble metal that is also a member of the platinum group of metals. It is found naturally in platinum and nickel ores. Its melting and boiling points are measured at around 2237ยฐ C and 3968ยฐ C, respectively. It is a strong,โ€ฆ
Rhodium Sulphate Market Size, Overview, Key Players and Forecast 2030
Report Ocean offers a thorough analysis of the Rhodium Sulphate Market, including assessments of business solutions, studies and advancements, applications, advantages, benefits, and breadth. This market research study on Rhodium Sulphate Market provides a thorough analysis and improvement of the important business producers, opportunities, difficulties, and worldwide suppliers as well as a close investigation of risks and access restrictions. Additionally, it provides a competitive analysis of the most recent technologicalโ€ฆ
Global Rhodium Market Size-Forecast to 2026
According to a new market research report published by Global Market Estimates, the Global Rhodium Market is projected to grow from USD 2.1 billion in 2021 to USD 3.2 billion by 2026 at a CAGR value of 5.7% from 2021 to 2026. Rising demand for rhodium from automotive and soldering industries contributes largely to the marketโ€™s growth. Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depthโ€ฆ
The global Rhodium Alloys market is Latest Trends and Demand Growth by 2027| KGa โ€ฆ
Allied Market Research published a new report, titled, "Rhodium Alloys Market by Type (Platinum rhodium alloys, Iron rhodium alloys, Palladium-rhodium alloys and Others), Industry Vertical:- (Chemical & Petrochemical, Oil & Gas, Energy & Power, Automotive, Food & Beverages, Healthcare, Others) Application (Glass manufacturing, Electricals and electronics, Auto catalyst, Jewellery, High temperature sensing instruments, and Others) Global Opportunity Analysis and Industry Forecast, 2019-2027." The report offers an extensive analysis of keyโ€ฆ