Precious Metals Market Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-2028

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Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global Precious Metals Market Research and Forecast Report 20232028
IMARC Group © 2022 IMARC All Rights Reserved
Author: Elena Anderson Marketing Manager

Report DescriptionAbout IMARC Group

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Global Precious Metals Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Precious Metals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20 23-2028

," the global precious metals market reached a value of US$ 198.5 Billion in 2022.

Precious metals include various naturally occurring metallic chemical elements that are rare and of high economic value. Since they generally exhibit high luster and tensile properties with good resistance to corrosion, they are now regarded as industrial and investment items.

Besides this, they are considered to be a good portfolio hedge and diversifier against inflation that enables unique opportunities. The continuous improvements in the e-commerce infrastructure and the advent of online delivery models are providing a boost to the market growth.

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Global Precious Metals Market Trends:

The global market is primarily driven by the shifting lifestyle preferences of the masses, supported by the inflating disposable income levels of individuals. Due to the aesthetic appearances and significant market value of precious metals, they are widely utilized in the manufacturing of art and jewelry. Moreover, the widespread adoption of gold in the designing of picture frames and furniture items is creating a positive market outlook. Along with this, the rising utilization of gold in the fabrication of memory chips and microprocessors integrated in smartphones and laptops are acting as other major growth-inducing factors. Besides this, the increasing adoption of platinum in the manufacturing of dentistry and laboratory equipment is further catalyzing their demand. Additionally, precious metals are extensively utilized in the production of engine control units (ECUs), fuel injector, sensors and exhaust emission control catalyst equipped in automobiles, which, in turn, is driving the market growth. Other factors, including the growing awareness regarding early investments in gold, especially among young adults, the rising mining activities, and extensive research and development activities (R&D) conducted by key players, are also positively influencing the market.

On account of the aforementioned factors, the market is anticipated to reach a value of US$ 267.5 Billion by 2028, exhibiting a CAGR of 5.49% during 2023-2028.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/precious-metals-market

and Highlights
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Report Description Report Description and Highlights

Key Market Segmentation

The research report includes the following segments:

Breakup by Metal Type:

• Gold

o Jewelry

o Investment

o Technology

o Others

• Platinum

o Auto-catalyst

o Jewelry

o Chemical

o Petroleum

o Medical

o Others

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• Silver

o Industrial Application

o Jewelry

o Coins and Bars

o Silverware

o Others

• Palladium

o Auto-catalyst

o Electrical

o Dental

o Chemical

o Jewelry

o Others

• Others

Breakup by Application:

• Jewelry

• Investment

• Electricals

• Automotive

• Chemicals

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Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• Anglo American Platinum Limited (Anglo American PLC)

• Barrick Gold Corporation

• First Majestic Silver Corp.

• First Quantum Minerals Ltd.

• Freeport-Mcmoran Inc.

• Fresnillo Plc (Peñoles Group)

• Gabriel Resources Ltd.

• Glencore International AG

• Gold Fields Limited

• Harmony Gold

• Impala Platinum Holdings Limited

• Lundin Mining Corporation

• Pan American Silver Corporation

1. What was the size of the global precious metals market in 2022?

2. What is the expected growth rate of the global precious metals market during 2023-2028?

3. What are the key factors driving the global precious metals market?

4. What has been the impact of COVID-19 on the global precious metals market?

5. What is the breakup of the global precious metals market based on the metal type?

6. What is the breakup of the global precious metals market based on the application?

7. What are the key regions in the global precious metals market?

8. Who are the key players/companies in the global precious metals market?

Answered in the Report
Report Description Key Questions
Report Description Table of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Precious Metals Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/precious-metals-market/toc

6 Market Breakup by Metal Type 6.1 Gold 6.1.1 Market Trends 6.1.2 Market Breakup by End Use 6.1.3 Market Forecast 6.2 Silver 6.2.1 Market Trends 6.2.2 Market Breakup by End Use 6.2.3 Market Forecast 6.3 Platinum 6.3.1 Market Trends 6.3.2 Market Breakup by End Use 6.3.3 Market Forecast 6.4 Palladium 6.4.1 1Market Trends 6.4.2 Market Breakup by End Use 6.4.3 Market Forecast
Report Description Table of Contents

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