Market Overview
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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Precious metals are naturally occurring elements that are characterized by their high luster. These metals are rare, hard, less reactive and have high economic value compared to base metals. They are also ductile, malleable, resistant to corrosion and good conductors of heat and energy. As a result, they find applications in the manufacturing of jewelry, consumer electronics, automobiles, chemicals and medical equipment across the globe. Precious metals, such as gold, silver, platinum and palladium, are also used as valuable assets for investment purposes.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Global Precious Metals Market Trends and Drivers:
The market is experiencing growth on account of changing lifestyles and inflating disposable incomes of individuals. Apart from this, due to the rising environmental concerns, leading market players in different industry verticals are investing in the recycling of precious metals that can further be utilized for manufacturing heart pacemakers and artificial cochlea. Moreover, governments of various countries are implementing stringent emission regulations, which, in turn, is contributing to the market growth, as these metals are used for purifying exhaust gases in automobiles. However, on account of the rising cases of the coronavirus disease (COVID-19), governments of various countries have announced complete lockdowns as a preventive measure to combat the pandemic. This has disrupted supply chains and halted operations of several manufacturing units, which, in turn, have led to inventory shortages. On the other hand, the investments in precious metals have increased as a means to survive the rapidly changing market conditions.
Key Market Segmentation
IMARC Group provides an analysis of the key trends in each sub-segment of the global precious metals market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on metal type and application.
Breakup by Metal Type:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- 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:
- Jewelry
- Investment
- Electricals
- Automotive
- Chemicals
- Others
Breakup by Region:
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- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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 and Pan American Silver Corporation.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Metal Type, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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 and Pan American Silver Corporation |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global precious metals market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global precious metals market?
- What are the key regional markets?
- What is the breakup of the market based on the metal type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global precious metals market and who are the key players?
- What is the degree of competition in the industry?
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
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
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Application
7.1 Jewelry
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Investment
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Electricals
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Automotive
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Chemicals
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Region
8.1 Asia-Pacific
8.1.1 China
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 India
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.1.3 Japan
8.1.3.1 Market Trends
8.1.3.2 Market Forecast
8.1.4 South Korea
8.1.4.1 Market Trends
8.1.4.2 Market Forecast
8.1.5 Australia
8.1.5.1 Market Trends
8.1.5.2 Market Forecast
8.1.6 Indonesia
8.1.6.1 Market Trends
8.1.6.2 Market Forecast
8.1.7 Others
8.1.7.1 Market Trends
8.1.7.2 Market Forecast
8.2 North America
8.2.1 United States
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Canada
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 United Kingdom
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 France
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Russia
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Italy
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Spain
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Breakup by Country
8.4.3 Market Forecast
8.5 Latin America
8.5.1 Brazil
8.5.1.1 Market Trends
8.5.1.2 Market Forecast
8.5.2 Mexico
8.5.2.1 Market Trends
8.5.2.2 Market Forecast
8.5.3 Others
8.5.3.1 Market Trends
8.5.3.2 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Anglo American Platinum Limited (Anglo American PLC)
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Barrick Gold Corporation
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 First Majestic Silver Corp.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.4 First Quantum Minerals Ltd.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Freeport-Mcmoran Inc.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Fresnillo plc (Peñoles Group)
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.7 Gabriel Resources Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.8 Glencore International AG
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 Gold Fields Limited
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.10 Harmony Gold
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.11 Impala Platinum Holdings Limited
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.12 Lundin Mining Corporation
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 Financials
13.3.12.4 SWOT Analysis
13.3.13 Pan American Silver Corporation
13.3.13.1 Company Overview
13.3.13.2 Product Portfolio
13.3.13.3 Financials
13.3.13.4 SWOT Analysis
List of Figures
Figure 1: Global: Precious Metals Market: Major Drivers and Challenges
Figure 2: Global: Precious Metals Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Precious Metals Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Precious Metals Market: Breakup by Metal Type (in %), 2021
Figure 5: Global: Precious Metals (Gold) Market: Sales Value (in Million US$), 2016 & 2021
Figure 6: Global: Precious Metals (Gold) Market: Breakup by End Use (in %), 2021
Figure 7: Global: Precious Metals (Gold) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 8: Global: Precious Metals (Silver) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Precious Metals (Silver) Market: Breakup by End Use (in %), 2021
Figure 10: Global: Precious Metals (Silver) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Precious Metals (Platinum) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Precious Metals (Platinum) Market: Breakup by End Use (in %), 2021
Figure 13: Global: Precious Metals (Platinum) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Precious Metals (Palladium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Precious Metals (Palladium) Market: Breakup by End Use (in %), 2021
Figure 16: Global: Precious Metals (Palladium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Precious Metals (Other Metal Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Precious Metals (Other Metal Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Precious Metals Market: Breakup by Application (in %), 2021
Figure 20: Global: Precious Metals (Jewelry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Precious Metals (Jewelry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Precious Metals (Investment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Precious Metals (Investment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Precious Metals (Electrical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Precious Metals (Electrical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Precious Metals (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Precious Metals (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Precious Metals (Chemicals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Precious Metals (Chemicals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Precious Metals (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Precious Metals (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Precious Metals Market: Breakup by Region (in %), 2021
Figure 33: Asia Pacific: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Asia Pacific: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Asia Pacific: Precious Metals Market: Breakup by Country (in %), 2021
Figure 36: China: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: North America: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: North America: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: North America: Precious Metals Market: Breakup by Country (in %), 2021
Figure 53: United States: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: United States: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Canada: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Canada: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Europe: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Europe: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Precious Metals Market: Breakup by Country (in %), 2021
Figure 60: Germany: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: France: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: France: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Italy: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Italy: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Spain: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Spain: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Precious Metals Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Latin America: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Latin America: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Precious Metals Market: Breakup by Country (in %), 2021
Figure 80: Brazil: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Brazil: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Mexico: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Mexico: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Others: Precious Metals Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Others: Precious Metals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Global: Precious Metals Industry: SWOT Analysis
Figure 87: Global: Precious Metals Industry: Value Chain Analysis
Figure 88: Global: Precious Metals Industry: Porter’s Five Forces Analysis
Figure 89: Global: Precious Metals Market: Average Price Trends (in US$/Kg), 2016-2021
List of Tables
Table 1: Global: Precious Metals Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Precious Metals Market: Breakup by Metal Type (in Million US$), 2016 & 2021
Table 3: Global: Precious Metals Market Forecast: Breakup by Metal Type (in Million US$), 2022-2027
Table 4: Global: Precious Metals Market: Breakup by Application (in Million US$), 2016 & 2021
Table 5: Global: Precious Metals Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Precious Metals Market: Breakup by Region (in Million US$), 2016 & 2021
Table 7: Global: Precious Metals Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Precious Metals Market Structure
Table 9: Global: Precious Metals Market: Key Players