Global Platinum Group Metals Market to grow at a CAGR of 3.09% during the period 2017-2021

Summary

Orbis Research New Report: Global Platinum Group Metals Market-Segmented By Type, Application and by Geography-Trends and Forecasts (2017-2021) Major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Description

New Research Report – Global Platinum Group Metals Market 2017-2021
The Following Companies as the Key Players in the Global Platinum Group Metals Market: Anglo American Platinum, Impala Platinum, JSC MMC Norilsk Nickel, Lonmin, and Stillwater Mining.

Other Prominent Vendors in the market are: North American Palladium, African Rainbow Minerals, Eastern Platinum, Glencore Xstrata, Aquarius Platinum, and Johnson Matthey.

Commenting on the report: “The latest trend gaining momentum in the market is advances in technology. PGMs play a significant role in many technological innovations in many markets in recent years. These metals are used in the production of glass fiber for fiber optic cables, which helps in advanced telecommunication. PGMs are widely used in implants and tools in the medicine. They are also being considered a treatment option for cancer, and platinum is used as an active ingredient in chemotherapy drugs and also in the treatment of Parkinson's disease.”

According to the report, one of the major drivers for this market is increasing use of PGMs in automobiles. PGMs are widely used in autocatalysts that reduce the emission of various hazardous gases such as CO2 and NO2 from vehicles. In addition, these metals are also used in other automobile components such as antilock braking systems, air bag initiators, and spark plugs.

Get a PDF Sample of Global Platinum Group Metals Market Report at: http://www.orbisresearch.com/contacts/request-sample/262187

Further, the report states that one of the major factors hindering the growth of this market is volatility in prices. Metal prices are subject to fluctuation. Since South Africa is the major revenue contributor to the global PGM market, the rand to US dollar exchange plays an important role in this market's dynamics. A rise in the value of the rand will affect operating and production costs, thereby reducing the profit margins of the vendors.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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