PUBLISHER: TechNavio | PRODUCT CODE: 1270852
PUBLISHER: TechNavio | PRODUCT CODE: 1270852
Technavio has been monitoring the platinum market and is forecast to grow by USD 1740.09 mn during 2022-2027, accelerating at a CAGR of 4.5% during the forecast period. Our report on the platinum market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for platinum in various industries, increasing use of platinum in medical applications, and rising demand for platinum wedding jewelry.
Technavio's platinum market is segmented as below:
By End-user
By Source
By Geographical Landscape
This study identifies the growing demand for exhaust systems in the automobile industry as one of the prime reasons driving the platinum market growth during the next few years. Also, innovation in terms of design and manufacturing technology for platinum jewelry and increasing vehicle production will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading platinum market vendors that include African Rainbow Minerals Ltd., Anglo American South Africa Investments Proprietary Ltd., Asahi Group Holdings Ltd., Chimet Spa, Eastern Platinum Ltd., Emerald Jewel Industry India Ltd., Eurasia Mining PLC, Glencore Plc, Heesung PMTech Corp., Heraeus Holding GmbH, Hindustan Platinum Pvt. Ltd., Impala Platinum Holdings Ltd., Indian Platinum Pvt. Ltd., Johnson Matthey Plc, Nihon Material Co.Ltd., Northam Platinum Ltd., PJSC MMC Norilsk Nickel, Platinum Industries Pvt. Ltd, Sibanye Stillwater Ltd., and Vale SA. Also, the platinum market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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 an analysis of the key vendors.
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