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[ 英語タイトル ] Platinum Group Metals Market - Growth, Trends, and Forecast (2020 - 2025)

Product Code : MDCH0082427
Survey : Mordor Intelligence
Publish On : November, 2020
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
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- African Rainbow Minerals
- Anglo American Platinum
- Glencore
- Impala Platinum
- Johnson Matthey
- Lonmin
- Norilsk Nickel
- North American Palladium
- Northam Platinum Limited
- Royal Bafokeng Platinum
- Sibanye-Stillwater
- Vale

[Report Description]

Market Overview

The platinum group metals market is expected to register a CAGR of over 4% during the forecast period. Major factors driving the market studied are the growing demand for catalytic converters from the automotive industry and the increasing demand for platinum, palladium, and ruthenium from the electronics industry. However, the high costs involved in the production are expected to hinder the growth of the market.

- By metal type, palladium accounted for the largest market share and is expected to grow during the forecast period, owing to the growing automotive and electrical and electronics industries all over the world.
- Growth in R&D activities in the electronics sector is likely to act as an opportunity in the future.
- Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China, Japan, and South Korea.

Key Market Trends

Platinum to Dominate the Market

- Platinum is a grayish-white-colored precious metal, which is primarily used for manufacturing autocatalysts, jewelry, and chemicals. The most important application of platinum is considered to be in the jewelry category, as it represented about 40% of the overall platinum consumption. The application of catalytic converters contributes to about 37% of the global demand. The rest of the global demand is attributable to various industrial applications.
- Platinum has a high melting point and temperature stability, great corrosion resistance, and is a good oxidation catalyst, and conductive. Furthermore, platinum in certain compounds can inhibit the growth of cancerous cells, and it is an important component in many medical applications, as it is biologically compatible.
- In the medical industry, the demand for platinum-based anti-cancer drugs is increasing significantly, while cardiac problems are treated with the help of medical devices, such as the pacemaker, which contains platinum electrodes.
- Platinum is employed as a catalyst in motor cars, as it regulates the emission of greenhouse gases. Moreover, it contributes to waste reduction, as it is highly durable, strong, and reliable. Furthermore, the high recyclability of PGMs minimizes the load on the environment.
- Companies, such as Johnson Matthey, WC Heraeus, and BASF SE are involved in the fabrication of platinum products, while the key platinum jewelry manufacturers include Tiffany & Co. and Tanishq. The major companies that are engaged in the manufacturing of platinum catalysts are Honeywell International Inc., Sud Chemie AG, Toshiba, and Delphi Technologies.
- All the aforementioned factors are likely to increase the market over the forecast period.

The Asia-Pacific Region is Expected to Dominate the Market

- Asia Pacific has accounted for the largest share in the market for platinum group metals with almost half of the global share and is expected to be the fastest-growing market.
- China is the major holder and accounted for nearly 50% share of this regional market. The demand for platinum in chemical and petroleum refining applications may continue to benefit from investment in large integrated petrochemical complexes in China. China is the largest hard disk drive (HDD) producer in the world, which is successful in creating the stupendous demand for platinum group metals.
- Japan is Asia’s oldest market for platinum group metals and is now the world’s highest per capita consuming market of platinum jewelry. Platinum jewelry has a share of almost 55% of all jewelry that is purchased in Japan.
- South Korea is presenting new growth markets in Asia for fuel cell technology. Due to this, the country is also one of the key markets to create demand for platinum group metals in fuel cell applications.
- Furthermore, India and ASEAN countries are also becoming the major factors for the market growth in the Asia-Pacific platinum group metals market. The huge growth of Asia-Pacific is quite instrumental in the expansion of the global platinum group metals market.

Competitive Landscape

The global market for platinum group metals market is highly consolidated, as there are only a few players in the market and top five players in the market control nearly 88% share of the market. The major companies include Anglo American Platinum, Norilsk Nickel, Impala Platinum, Lonmin, and Northam Platinum Limited.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
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- 3 months of analyst support

1.1 Study Assumptions
1.2 Scope of the Study



4.1 Drivers
4.1.1 Growing Demand for Catalytic Converters from the Automotive Industry
4.1.2 Increasing Demand for Platinum, Palladium, and Ruthenium from the Electronics Industry
4.1.3 Growing Jewelry Consumption in Asia-Pacific Countries
4.2 Restraints
4.2.1 High Costs Involved in Maintenance
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
4.6 Production Scenario
4.6.1 Platinum Production by Mining Countries Production by Recycling
4.6.2 Palladium Production by Mining Countries Production by Recycling
4.6.3 Rhodium Production by Mining Countries Production by Recycling

5.1 By Metal Type
5.1.1 Platinum
5.1.2 Palladium
5.1.3 Rhodium
5.1.4 Iridium
5.1.5 Ruthenium
5.1.6 Osmium
5.2 By Application
5.2.1 Auto Catalysts
5.2.2 Electrical and Electronics
5.2.3 Fuel Cells
5.2.4 Glass, Ceramics, and Pigments
5.2.5 Jewellery
5.2.6 Medical (Dental and Pharmaceuticals)
5.2.7 Chemicals
5.2.8 Other Applications
5.3 Geography
5.3.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.3.2 North America United States Canada Mexico
5.3.3 Europe Germany United Kingdom Italy France Rest of Europe
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 African Rainbow Minerals
6.4.2 Anglo American Platinum
6.4.3 Glencore
6.4.4 Impala Platinum
6.4.5 Johnson Matthey
6.4.6 Lonmin
6.4.7 Norilsk Nickel
6.4.8 North American Palladium
6.4.9 Northam Platinum Limited
6.4.10 Royal Bafokeng Platinum
6.4.11 Sibanye-Stillwater
6.4.12 Vale

7.1 Increasing Investments by Companies in African Countries



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