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Global Platinum Group Metals Market 2017-2021

  • Published: Apr 2017
  • Pages: 70
  • SKU: IRTNTR12447
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This market research report identifies suppliers like Anglo American Platinum, Impala Platinum, JSC MMC Norilsk Nickel, Lonmin, and Stillwater Mining to be the key vendors in the global platinum group metals market. It also presents a detailed segmentation of the global market by metal (palladium, platinum, ruthenium, and others), by the application (autocatalyst, chemical manufacturing, electricals and electronics, jewellery, and others) and by geography (APAC, Europe, North America, and ROW).

Overview of the global platinum group metals market

Technavio’s market research analyst predicts the global platinum group metals market to grow steadily at a CAGR of above 3% by 2021. One of the primary drivers for this market is the rise in the demand for platinum and palladium jewelry. The jewelry industry is the second largest end-user of PGMs in terms of demand for platinum. In terms of revenue, the global jewelry market is expected to grow primarily driven by Japan, China, India, and the US. The durability, physical properties, and aesthetic value of platinum make a preferred metal for crafting jewelry. it is non-allergic and corrosion resistant, making it preferable for jewelry in China, Japan, and India. Palladium, which has similar properties to platinum, is lightweight and has a natural white luster, making it a suitable choice for costly jewelry. Consequently, the demand for platinum group jewelry is on the rise, which in turn, is expected to propel growth in the global platinum group metals market during the forecast period.

In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. China and India are among the largest consumers of platinum jewelry. The demand for PGMs in autocatalyst application in the region is increasing due to the growth in the automotive industry. Moreover, the rising demand for PGMs in the automobile segment in developing economies, such as India and China is expected to augment growth in the global platinum group metals market in the coming years.

Competitive landscape and key vendors

The global PGM market is highly consolidated with the presence of a few large vendors, leading to the intense market rivalry. Despite the demand-supply gap, the unstable socioeconomic problems and political issues in South Africa affect the operational activities of all major vendors. Furthermore, rising costs of labor and exploration are affecting the profit margins and are becoming a serious concern in the PGM mining industry globally.

Leading vendors in the market are –

  • Anglo American Platinum
  • Impala Platinum
  • JSC MMC Norilsk Nickel
  • Lonmin
  • Stillwater Mining

Other prominent vendors in the platinum group metals market include North American Palladium, African Rainbow Minerals, Eastern Platinum, Glencore Xstrata, Aquarius Platinum, and Johnson Matthey.

Segmentation by metal and analysis of the platinum group metals market

  • Palladium
  • Platinum
  • Ruthenium

During 2016, the palladium segment dominated the platinum group metals market and accounted for a major part of the overall market share. The extensive use of palladium in automobile catalytic converters is the key contributor to the dominance of this segment in the platinum group metals market globally.

Segmentation by application and analysis of the platinum group metals market

  • Autocatalyst
  • Chemical manufacturing
  • Electricals and electronics
  • Jewellery

In this market study, analysts have estimated the autocatalyst segment to dominate the platinum group metals market during the forecast period. The extensive use of rhodium, palladium, and platinum in autocatalyst is one of the major contributors to the growth of this segment in the global market. An autocatalyst is a cylinder, oval, or ring-shaped structure made of ceramic or metal, which is then configured into a sheer honeycomb and overlaid with a blend of chemicals and PGMs. It is enclosed inside a stainless-steel case, which is placed between the engine and silencer.

Key questions answered in the report include

  • What will the market size, market forecast and the growth rate be in 2021?
  • What are the key factors driving the global platinum group metals market?
  • What are the key market trends impacting the growth of the global platinum group metals market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global platinum group metals market?
  • What are the market opportunities and threats faced by the vendors in the global platinum group metals market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global platinum group metals market? 

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Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by metal

  • Global market for palladium
  • Global market for platinum
  • Global market for ruthenium
  • Global market for other PGMs

PART 07: Market segmentation  by application

  • Global PGMs market for autocatalyst
  • Global PGMs market for chemical manufacturing
  • Global PGMs market for electricals and electronics
  • Global PGMs market for jewelry
  • Global PGMs market for other applications

PART 08: Geographic segmentation

  • PGMs market in APAC
  • PGMs market in North America
  • PGMs market in Europe
  • PGMs market in ROW

PART 09: Decision framework

PART 10: Drivers and challenges

  • Market drivers
  • Impact of drivers on key regions
  • Market challenges
  • Impact of challenges on key regions

PART 11: Market trends

  • Advances in technology
  • Production of PGMs from nuclear wastes

PART 12: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 13: Key vendor analysis

  • Anglo American Platinum
  • Impala Platinum
  • JSC MMC Norilsk Nickel
  • Lonmin
  • Stillwater Mining

PART 14: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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