Press release
Global Platinum Group Metals Market Expected to Grow at 4.0% CAGR, Driven by Rising Industrial and Automotive Demand
Platinum Group Metals Market
Platinum group metals, which include six transition metals with similar chemical and physical properties, are known for their high melting points, heat resistance, corrosion resistance, and unique catalytic capabilities. These qualities make them vital for a wide range of industrial uses, including aircraft turbines, ethylene absorbers, ceramic capacitors, auto catalysts, cancer treatment drugs, computer hard disks, dental bridges, and electrodes.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2730
Some major players included in the global platinum group metals market report are:
African Rainbow Minerals Limited
Glencore
Johnson Matthey
IMPALA PLATINUM HOLDINGS LIMITED
Northam Platinum Holdings Limited
Norilsk Nickel
Sibanye-Stillwater
Eastern Platinum Limited
BASF SE
Heraeus Group
DOWA HOLDINGS CO., LTD.
TANAKA HOLDINGS Co., Ltd.
Materion Corporation
Continental Steel and Tube Company
Ultramet
ACI Alloys
Refining Systems, Inc.
Plug Power Inc.
ASTROFORGE
Nel ASA
The market is also benefitting from innovative initiatives by industry leaders aimed at cost efficiency and sustainability. In March 2020, BASF announced the development of its Tri-Metal Catalyst technology, which allows automakers to substitute part of the expensive palladium used in catalytic converters with more affordable platinum, without compromising emissions compliance. This innovation not only reduces manufacturing costs but also helps balance global PGM demand.
Further supporting market expansion, BASF completed the carve-out of its mobile emissions catalysts and precious metal services businesses in July 2023, forming BASF Environmental Catalyst and Metal Solutions (ECMS). ECMS now stands as a global leader in emissions catalyst production for petrol, diesel, off-road vehicles, motorcycles, and small engines, while also serving as a major supplier and recycler of precious metals from used automotive catalysts.
With growing industrial applications, technological advancements, and strategic moves by key players, the platinum group metals market is poised for steady growth, supporting cleaner technologies and meeting the needs of multiple high-value industries worldwide.
Know More About This Report: https://www.emergenresearch.com/industry-report/platinum-group-metals-market
Platinum Group Metals Market Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented global platinum group metals market on the basis of source, metal type, application, and region:
Source Outlook (Revenue, USD Billion; 2019-2032)
Mined
Recycled
Metal Type Outlook (Revenue, USD Billion; 2019-2032)
Platinum
Palladium
Rhodium
Iridium
Ruthenium
Osmium
Application Outlook (Revenue, USD Billion; 2019-2032)
Auto Catalysts
Electrical and Electronics
Fuel Cells
Glass, Ceramics, and Pigments
Jewelry
Medical Devices
Chemicals
Other Applications
14671 110 Avenue, Surrey, British Columbia, V3R2A9
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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 Global Platinum Group Metals Market Expected to Grow at 4.0% CAGR, Driven by Rising Industrial and Automotive Demand here
News-ID: 4144524 • Views: …
More Releases from Emergen Research
Global Internet of Things (IoT) in Healthcare Market to Reach USD 299.05 Billion …
The global Internet of Things (IoT) in Healthcare Market was valued at USD 299.05 billion in 2023 and is expected to grow at a CAGR of 16.5% during the forecast period. This growth is fueled by the rising use of connected healthcare devices, increasing demand for early disease detection through remote monitoring, and growing adoption of artificial intelligence (AI) tools within IoT-based healthcare systems.
The market is also benefiting from the…
Global Stem Cell Therapy Market to Reach USD 49.2 Billion by 2034, Growing at 13 …
The global Stem Cell Therapy Market, valued at USD 13.7 billion in 2024, is projected to reach USD 49.2 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.6%. Growth is being fueled by the rising burden of chronic diseases, rapid progress in cell-based studies, and increasing investments in regenerative medicine and personalized healthcare solutions.
Stem cell therapies offer the ability to repair, replace, or restore damaged tissues…
Artificial Intelligence Strengthens Cybersecurity as Threats Grow More Sophistic …
The global Artificial Intelligence in cybersecurity market size was USD 23.8 Billion in 2023 and is expected to reach a market valuation of USD 29.44 billion by the end of 2024 registering a CAGR of 23.7% during the forecast period. The adoption of Artificial Intelligence (AI) in cybersecurity is rapidly gaining traction as organizations worldwide face increasingly complex and frequent cyber threats. By combining advanced technologies such as Machine Learning…
Global Regenerative Medicine Market to Reach USD 125.6 Billion by 2034, Growing …
The global regenerative medicine market, valued at USD 34.2 billion in 2024, is set to grow to USD 125.6 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.9%. Growth is being fueled by rising approvals of advanced therapies, strong demand for personalized treatments in cancer and orthopedics, and expanding cell and gene therapy manufacturing across major markets such as North America, Europe, and Asia.
Once seen as…
More Releases for Platinum
Platinum Group Metals Market is expected to reach US$ 41.3 billion by 2031 | Ang …
Global Platinum Group Metals Market reached US$ 32.1 billion in 2023 and is expected to reach US$ 41.3 billion by 2031, growing with a CAGR of 3.2% during the forecast period 2024-2031.
Platinum Group Metals Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead…
Platinum Alloy Market Deep Research Report with Forecast by 2032 | Anglo Platinu …
The "Platinum Alloy Market Report" is the result of extensive research and analysis conducted by our team of experienced market researchers through -
» 70% efforts of Primary Research
» 15% efforts of Secondary Research
» 15% efforts from the subscription to Paid database providing industry overview, macro and micro economics factors, and financials of private limited companies
📈 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐏𝐥𝐚𝐭𝐢𝐧𝐮𝐦 𝐀𝐥𝐥𝐨𝐲 𝐌𝐚𝐫𝐤𝐞𝐭:
𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 (𝟐𝟎𝟐𝟎 - 𝟐𝟎𝟑𝟐) 𝐕𝐚𝐥𝐮𝐞…
Platinum Group Metals Market Anticipated to Show Positive Growth Through 2024-20 …
The Platinum Group Metals Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Platinum Group Metals market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for…
Platinum Ingots Market 2023: Future of Manufacturers- Anglo American Platinum (A …
The Platinum Ingots market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with development…
Platinum Mining Market to See Huge Growth by 2026 | Anglo American Platinum, Imp …
What’s Ahead in the Global Platinum Mining Market? Benchmark yourself with strategic steps and conclusions recently published by AMA. According to survey, Platinum Mining Market Will Hit Big Revenues in Future with CAGR (Compound Annual Growth Rate) of XX%.
Latest released the research study on Global Platinum Mining Market, offers a detailed overview of the factors influencing the global business scope. Platinum Mining Market research report shows the latest market insights…
Platinum Mining Market Forecast 2019-2025: By Impala, Lonmin, Norilsk Nickel, Pl …
Market Analysis Research Report on “Global Platinum Mining Market” has been added to orbis research database.
This report researches the worldwide Platinum Mining Market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Platinum Mining breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers,…
