According to the latest report by IMARC Group, titled “Precious Metals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the Precious Metals Market share.
The global precious metals market reached a value of US$ 192.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 254.3 Billion by 2027, exhibiting at a CAGR of 5.3% during 2022-2027. Precious metals are chemically inert elements that are not found abundantly in nature. Historically, they were used as the basis for money; however, nowadays, they are traded as portfolio diversifiers and hedges against inflation. Precious metals have a high economic value due to various factors, including their scarcity, use in industrial processes, and role throughout history as a store of value. In recent years, precious metals have gained popularity across the globe as investors nowadays purchase these valuable metals mainly as financial assets.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The global precious metals market is primarily driven by their increasing demand in jewelry application and various industrial processes.
For instance, gold finds applications in the dentistry and electronics industry due to its durability, malleability, and ability to conduct heat and electricity.
On the other hand, silver is utilized in batteries, superconductors, and microcircuit applications.
The rising concerns over financial stability, fear of inflation, and the perceived risk of war are other growth-inducing factors contributing to the market.
The several regulatory bodies are implementing stringent regulations to limit the black-market activities of precious commodities.
The increasing purchasing power, improving living standards and changing lifestyles of individuals have also encouraged them to make investments in precious metals to survive the rapidly changing market conditions.
Precious Metals Market 2022-2027 Competitive Landscape and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the precious metals market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Gabriel Resources Ltd.
- Harmony Gold
- Fresnillo Plc (Peñoles Group)
- Pan American Silver Corporation
- Glencore International AG
- Gold Fields Limited
- Lundin Mining Corporation
- Impala Platinum Holdings Limited
- Anglo American Platinum Limited (Anglo American PLC)
Key Market Segmentation:
The report has segmented the global precious metals market on the basis of metal type, application and region.
Breakup by Metal Type:
- Gold
- Jewelry
- Investment
- Technology
- Others
- Platinum
- Auto-catalyst
- Jewelry
- Chemical
- Petroleum
- Medical
- Others
- Silver
- Industrial Application
- Jewelry
- Coins and Bars
- Silverware
- Others
- Palladium
- Auto-catalyst
- Electrical
- Dental
- Chemical
- Jewelry
- Others
- Others
Breakup by Application:
- Automotive
- Electronics
- Jewellery
- Chemicals
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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The Precious Metal Market Research Report Forecast is a valuable source of insightful data for business strategists.
It provides the industry overview with recent trends, size, share, growth analysis, historical, futuristic data, revenue, demand and strategic development.The entire precious metal market has been sub-categorized into product and application.
The report provides an analysis of these subsets with respect to the geographical segmentation.
This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Global Precious Metal Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/precious-metals-market/download-sampleBy ProductGoldSilverPlatinumPalladiumOthersBy ApplicationJewelryIndustrialInvestmentThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the precious metal market include Freeport-McMoRan, Polyus Gold International, Goldcorp, Gold Fields, Randgold Resources, Newmont Goldcorp, Barrick Gold, AngloGold Ashanti, Kinross Gold, Newcrest Mining.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for precious metal market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Precious Metals Market size was valued at US$ 198.67 Bn in 2020 and the total revenue is expected to grow at 9.1 % through 2021 to 2027, reaching nearly US$ 365.52 Bn.Precious Metals Market provides well-researched, industry-wide data.
Furthermore, the study is a compilation of both qualitative and quantitative assessments by industry experts as well as industry participants from all stages of the value chain.Precious Metals Market Key Players Analysis:• Anglo American• Barrick Gold• Impala Platinum• Lonmin• Newmont Mining• Johnson Matthey• Goldcorp• Norilsk Nickel• Northam Platinum• North American Palladium• Freeport-McMoRan• First Quantum Minerals• Fresnillo plc• Pan American Silver Corporation• Kinross Gold• Randgold Resources• Southern Copper Corporation• Evolution Mining Ltd• Newcrest MiningRequest For View Sample Precious Metals Market Report Page:https://www.maximizemarketresearch.com/request-sample/65161 The research report goes into detail on global Grease market revenue, parent market trends, macroeconomic indicators, governing variables, and market attractiveness by market segment.
The study gives an outline of the Instant Grease growth rate for the forecast period, which is 2021.The research also evaluates the qualitative impact of major market drivers on different market segments and geographies.The market is segmented by product type, application, technology, and geography, according to the study.The research report seeks to provide an organized and methodical strategy for key industry factors that have influenced the market in recent years, as well as future market prospects that businesses can rely on.
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Mergers and acquisitions, partnerships, and collaborations are some of the most essential moves firms are taking to increase their regional and global reach.Furthermore, the players are releasing a new line of items to diversify their portfolio by incorporating cutting-edge technology into their operations.COVID-19 impact:The study has been updated to include the consequences of the current COVID-19 pandemic.
The pandemic has had a significant impact on major market segments, altering the growth pattern and demand for Grease.
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Get FREE Exclusive PDF Sample Copy of This Report @ https://www.upmarketresearch.com/home/requested_sample/6390 The report begins with the overview of the Precious Metals market and updates the users about the latest developments and future expectations.
It presents a comparative detailed analysis of all the regional and major player segments, offering readers a better knowledge of areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.
Precious Metals market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.For More Information, Please Visit @ https://www.upmarketresearch.com/home/enquiry_before_buying/6390 The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
