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Global Precious Metals Market Analysis Report and Forecast

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Sofia Williams
Global Precious Metals Market Analysis Report and Forecast

The new report by Expert Market Research titled, ‘Global Precious Metals Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global precious metals market, assessing the market based on its segments like types, end-use sectors, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.


Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/precious-metals-market/requestsample


The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): 33,139 MT
  • Forecast CAGR (2021-2026): 2.34%
  • Forecast Market Size (2026): 39 KMT


The global precious metals market being driven by the growth of their end-use sectors like automobile and jewellery. The rise in automotive industry is expected to propel the growth of multiple precious metal industries. Platinum use in the automotive industry is estimated to grow in emerging economies like India. The demand for palladium comes primarily from the automotive industry and will be driven by the increasing sales of vehicles in countries like China and Europe, among other countries...


Industry Definition and Major Segments


Precious metals are naturally occurring elements distinguished by their high lustre. In comparison to base metals, these metals are rare, hard, less reactive, and have a high economic value. They are also ductile, malleable, corrosion-resistant, and have good heat and energy conductors. Precious metals such as gold, silver, platinum, and palladium are also valuable investment assets.


Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/precious-metals-market


The major types of precious metals are:

  • Gold
  • Silver
  • Palladium
  • Platinum
  • Rhodium
  • Others

The various end-use sectors of these precious metals are:

Gold

  • Jewellery
  • Electronics
  • Coins and Medals
  • Investment
  • Others

Silver

  • Electric and Electronics
  • Coins and Medals
  • Photography
  • Jewellery
  • Investment
  • Others

Palladium

  • Electric and Electronics
  • Automotive
  • Medical Applications
  • Jewellery
  • Others

Platinum

  • Chemical Processing
  • Jewellery
  • Electric and Electronics
  • Automotive
  • Medical Applications
  • Others

Rhodium

  • Jewellery
  • Furnace Windings
  • Thermocouple Elements
  • Nuclear Reactors
  • Others

On the basis of region, the industry is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends


The industry is increasing as a result of changing lifestyles and rising disposable incomes among individuals. In response to rising environmental concerns, leading market players across multiple industry verticals are investing in the recycling of precious metals, which can then be used to manufacture heart pacemakers and artificial cochlea. Governments in various countries are enacting stringent emission regulations, which is contributing to market growth because these metals are used for purifying exhaust gases in automobiles.


Latest News on Global Precious Metals Market@ https://www.expertmarketresearch.com/pressrelease/precious-metals-market


Key Market Players



The major players in the market are Anglo American Plc, Southern Copper Corporation, Newmont Goldcorp Corporation, Norilsk Nickel PJSC, Northam Platinum Limited, North American Palladium Ltd, Newcrest Mining Limited, PJSC Polyus, Pan American Silver Corporation, Kinross Gold Corporation, Evolution Mining Ltd, and Compania de Minas Buenaventura S.A.A. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.


About Us:


Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.


At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.


Media Contact


Company Name: EMR Inc.

Contact Person: Sofia Williams, Corporate Sales Specialist – U.S.A.

Email: [email protected]

Toll Free Number: +1-415-325-5166 | +44-702-402-5790

Address: 30 North Gould Street, Sheridan, WY 82801, USA

City: Sheridan

State: Wyoming

Country: United States

Website: https://www.expertmarketresearch.com


Read more exclusive reports: https://takeitcool.com


*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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