Press release
Platinum Group Metals Market Surges Amid Rising Demand for Clean Energy and Automotive Catalysts 2025 | Top key players - Aquarius Platinum, Eastern Platinum, Glencore.
Platinum Group Metals Market
The Platinum Group Metals Market, as analyzed by DataM Intelligence, offers a comprehensive industry overview backed by in-depth insights, historical trends, and key statistics. The report dives deep into market dynamics and competitive strategies, profiling major players along with their product portfolios, pricing models, financial performance, growth initiatives, and regional presence.
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The Platinum Group Metals (PGMs) market refers to the global trade and demand for six metallic elements-platinum, palladium, rhodium, ruthenium, iridium, and osmium-known for their high resistance to heat and corrosion. These metals are widely used in automotive catalytic converters, electronics, jewelry, and industrial applications, making them critical to numerous advanced technologies and environmental solutions.
Major players in the Platinum Group Metals Market
The prominent players in Platinum Group Metals market research report are: African Rainbow Minerals, Anglo American Platinum, Aquarius Platinum, Eastern Platinum, Glencore, Implats, Johnson Matthey, Norilsk Nickel, Sibanye-Stillwater and Northam Platinum Limited.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In November 2023, Anglo American, a leading multinational mining company, announced plans to reduce production at its platinum and iron ore operations as part of a strategic effort to lower operating costs amid challenging market conditions.
In February 2024, Sibanye Stillwater reported a profit write-down of nearly US$2.58 billion, driven by a significant decline in global prices of platinum group metals (PGMs). The financial hit underscores the ongoing pressure facing the mining sector due to volatile commodity markets.
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Market Segments
By Type: Palladium, Platinum, Ruthenium, Others.
By Application: Automotive, Jewellery, Carbon Material, Industrial, Chemical, Electrical, Glass, Medical and Biomedical, Petroleum, Others.
The Platinum Group Metals industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Platinum Group Metals Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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