Global Rhodium Market Research Report Information by Type, By Application and by Region Market Forecast Till 2030

Description

List of Tables

Global Rhodium Market Research Report Information by Type (Mineral Source and Recycling Source), By Application (Catalyst, Chemical Manufacturing, Electricals and Electronics, Jewelry and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World) Market Forecast Till 2030

Overview of the Market

Over the projected period of 2023-2030, the rhodium is anticipated to increase at a compound annual growth rate (CAGR) of 6.6%. By 2030, the value of rhodium is predicted to have increased from USD 29269.26 million in 2022 to USD 48189.58 million. Rhodium is a silvery-white metal that is highly reflective and corrosion-resistant. It is an element that belongs to the platinum group of metals.

The market for rhodium is anticipated to increase significantly because of the growing demand from the automotive industry for the metal, which is used in catalytic converters to lower hazardous emissions from automobiles. In many chemical reactions, rhodium also serves as a catalyst. Additionally, rhodium is essential for the synthesis of nitric acid, a crucial ingredient in the creation of fertilizers and other chemicals. At the same time, high pricing may have a detrimental effect on rhodium's market expansion. As the In the upcoming years, the market for rhodium will be supported by the growing demand for premium jewelry.

Perspectives on Market Segments

The worldwide rhodium market has been divided into mining and recycling categories based on the source. With a significant market share and a market value of USD 19468.94 million, the mining segment led the global rhodium market in 2022. Over the anticipated period, a compound annual growth rate (CAGR) of 6.1% is anticipated.

The global rhodium market has been divided into three segments based on its applications: catalyst, alloying agent, and others. At a market value of USD 14734.34 million, the Catalyst category led the global rhodium market in 2022 with a significant market share. Over the anticipated period, a compound annual growth rate (CAGR) of 7.7% is anticipated.

The global rhodium market has been divided into several segments based on end-use, including automotive, chemical, glass, jewelry, electrical and electronic, and others. With a global market value of USD 24464.04 million, the automotive industry led the global rhodium market in 2022. Over the anticipated period, a compound annual growth rate (CAGR) of 6.9% is anticipated.

Regional Rhodium Insights

North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa have been the regions into which the global rhodium market has been divided. Over the course of the forecast period, the Asia-Pacific region is expected to lead the global rhodium market. By the end of 2030, the target region is expected to present a total incremental potential of USD 23636.98 million. Market expansion is fueled by the presence of developing countries like China, Japan, and India in this area.

Due to its significant position in the chemical and automotive sectors, where rhodium is widely utilized as a catalyst, the North American Rhodium market area dominates this industry. North America leads the rhodium market due to the region's strict environmental laws, as well as the strong demand for automobiles and industrial operations that use rhodium catalysts.

Because of the strict emissions regulations and the extensive use of catalytic converters in the automotive industry, Europe has the second-largest market share for rhodium.

Key Competitors

Sibanye-Stillwater, Anglo American Platinum Limited, Sibanye Gold Limited, Russian Platinum, Sharretts Plating Company, Northam Platinum, DF Goldsmith, Norilsk Nickel, Vale SA, Glencore, and others are major players in the rhodium market.

Product Code: MRFR/CnM/10040-HCR

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS
1.2 RHODIUM MARKET, BY SOURCE
1.3 RHODIUM MARKET, BY APPLICATION
1.4 RHODIUM MARKET, BY END-USE
1.5 RHODIUM MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 DATA MINING
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
- 3.3.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS
- 3.3.2 BREAKDOWN OF PRIMARY RESPONDENTS
3.4 FORECASTING TECHNIQUES
- 3.4.1 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION
- 3.4.2 BOTTOM-UP APPROACH
- 3.4.3 TOP-DOWN APPROACH
- 3.4.4 DATA TRIANGULATION
- 3.4.5 VALIDATION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INCREASING DEMAND FOR RHODIUM FROM AUTOMOBILE SECTOR
- 4.2.2 TECHNOLOGICAL ADVANCEMENTS WILL POSITIVELY IMPACT THE RHODIUM MARKET
4.3 RESTRAINTS
- 4.3.1 HIGH PRICES CAN NEGATIVELY INFLUENCE THE MARKET GROWTH OF RHODIUM
4.4 OPPORTUNITIES
- 4.4.1 RISING DEMAND FOR LUXURY JEWELRY

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
5.2 PORTER FIVE FORCES
- 5.2.1 THREAT OF NEW ENTRANTS:
- 5.2.2 BARGAINING POWER OF SUPPLIERS:
- 5.2.3 BARGAINING POWER OF BUYERS
- 5.2.4 THREAT OF SUBSTITUTES:
- 5.2.5 INDUSTRY RIVALRY
5.3 AVERAGE PRICE OF RHODIUM (USD/T OZ)
5.4 IMPACT OF COVID ON RHODIUM MARKET

6 GLOBAL RHODIUM MARKET, BY TYPE

6.1 OVERVIEW
- 6.1.1 RHODIUM: MARKET ESTIMATES & FORECAST BY SOURCE, 2019-2030
- 6.1.2 RHODIUM: MARKET ESTIMATES & FORECAST BY SOURCE, 2019-2030
6.2 MINING
6.3 RECYCLING

7 GLOBAL RHODIUM MARKET, BY APPLICATION

7.1 OVERVIEW
- 7.1.1 RHODIUM: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030
- 7.1.2 RHODIUM: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030
7.2 CATALYST
7.3 ALLOYING AGENT
7.4 OTHERS

8 GLOBAL RHODIUM MARKET, BY END USE

8.1 OVERVIEW
- 8.1.1 RHODIUM: MARKET ESTIMATES & FORECAST BY END USE, 2019-2030
- 8.1.2 RHODIUM: MARKET ESTIMATES & FORECAST BY END USE, 2019-2030
8.2 AUTOMOTIVE
8.3 CHEMICAL
8.4 GLASS
8.5 JEWELRY
8.6 ELECTRICAL & ELECTRONICS
8.7 OTHERS

9 GLOBAL RHODIUM MARKET, BY REGION

9.1 NORTH AMERICA
- 9.1.1 US
- 9.1.2 CANADA
9.2 EUROPE
- 9.2.1 GERMANY
- 9.2.2 UK
- 9.2.3 FRANCE
- 9.2.4 RUSSIA
- 9.2.5 SPAIN
- 9.2.6 ITALY
- 9.2.7 REST OF EUROPE
9.3 ASIA-PACIFIC
- 9.3.1 CHINA
- 9.3.2 JAPAN
- 9.3.3 INDIA
- 9.3.4 SOUTH KOREA
- 9.3.5 AUSTRALIA & NEW ZEALAND
- 9.3.6 REST OF ASIA-PACIFIC
9.4 LATIN AMERICA
- 9.4.1 BRAZIL
- 9.4.2 MEXICO
- 9.4.3 ARGENTINA
- 9.4.4 REST OF LATIN AMERICA
9.5 MIDDLE EAST & AFRICA
- 9.5.1 SOUTH AFRICA
- 9.5.2 GCC COUNTRIES
- 9.5.3 REST OF MIDDLE EAST & AFRICA

10 COMPETITIVE LANDSCAPE

10.1 COMPETITION ANALYSIS

11 COMPANY PROFILES

11.1 ALFA AESAR
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERING
- 11.1.4 SWOT ANALYSIS
- 11.1.5 KEY STRATEGIES
11.2 AMERICAN ELEMENTS
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 PRODUCTS
- 11.2.3 FINANCIAL OVERVIEW
- 11.2.4 SWOT ANALYSIS
- 11.2.5 KEY STRATEGIES
11.3 CHIMET S.P.A
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 PRODUCTS
- 11.3.3 FINANCIAL OVERVIEW
- 11.3.4 SWOT ANALYSIS
- 11.3.5 KEY STRATEGIES
11.4 J & J MATERIALS INC
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 PRODUCTS
- 11.4.3 FINANCIAL OVERVIEW
- 11.4.4 J&J MATERIALS CORP.: SWOT ANALYSIS
- 11.4.5 KEY STRATEGIES
11.5 NOBILIS METALS
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 PRODUCTS
- 11.5.3 FINANCIAL OVERVIEW
- 11.5.4 SWOT ANALYSIS
- 11.5.5 KEY STRATEGIES
11.6 NORILSK NICKEL
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 PRODUCTS
- 11.6.3 FINANCIAL OVERVIEW
- 11.6.4 SWOT ANALYSIS
- 11.6.5 KEY STRATEGIES
11.7 PAREKH INDUSTRIES LTD
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 PRODUCTS
- 11.7.3 FINANCIAL OVERVIEW
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWOT ANALYSIS
- 11.7.6 KEY STRATEGIES
11.8 SIBANYE-STILLWATER
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 SWOT ANALYSIS
- 11.8.4 KEY STRATEGIES
11.9 UMICORE
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 PRODUCTS AND APPLICATIONS
- 11.9.3 FINANCIAL OVERVIEW
- 11.9.4 SWOT ANALYSIS
- 11.9.5 KEY STRATEGIES
11.10 NORTHAM PLATINUM HOLDINGS LIMITED
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 PRODUCTS AND APPLICATIONS
- 11.10.3 FINANCIAL OVERVIEW
- 11.10.4 SWOT ANALYSIS
- 11.10.5 KEY STRATEGIES
11.11 ANGLO AMERICAN PLC
- 11.11.1 COMPANY OVERVIEW
- 11.11.2 PRODUCTS AND APPLICATIONS
- 11.11.3 FINANCIAL OVERVIEW
- 11.11.4 SWOT ANALYSIS
- 11.11.5 KEY STRATEGIES