What is the market size for the platinum?

The Market is expected to grow by $ 1883.3 mn in 2025-2029. <a href='https://www.technavio.com/report/platinum-market-industry-analysis'>Read More</a>

What is the CAGR for the platinum?

4.5% CAGR with $ 1883.3 mn Momentum. <a href='https://www.technavio.com/report/platinum-market-industry-analysis'>Read More</a>

What is the growth rate of the Platinum market?

4.5% is the estimation year on year growth rate. <a href='https://www.technavio.com/report/platinum-market-industry-analysis'>Read More</a>

Which region held the largest market share in the Platinum market?

APAC with 53% of the market growth. <a href='https://www.technavio.com/report/platinum-market-industry-analysis'>Read More</a>

Who are the prominent players in the Platinum market?

African Rainbow Minerals Ltd., Anglo American South Africa Investments Proprietary Ltd., Asahi Group Holdings Ltd., Chimet Spa, Eastern Platinum Ltd., Emerald Jewel Industry India Ltd., .... <a href='https://www.technavio.com/report/platinum-market-industry-analysis'>Read More</a>

Platinum Market Analysis, Size, and Forecast 2025-2029: North America (US and Canada), Europe (France, Germany, and UK), APAC (Australia, China, India, Japan, and South Korea), and Rest of World (ROW)

Published: May 2025
Pages: 219
SKU: IRTNTR71575

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Platinum Market Size 2025-2029

The platinum market size is forecast to increase by USD 1.88 billion at a CAGR of 4.5% between 2024 and 2029.

The market witnesses significant growth, driven primarily by the increasing demand for platinum in various industries, with the automobile sector being a key contributor. The automobile industry's focus on reducing emissions and improving fuel efficiency has led to a wave in the adoption of platinum in exhaust systems. However, the market's growth is tempered by the energy-intensive processing of platinum, which increases production costs. Furthermore, regulatory hurdles impact adoption, as stringent environmental regulations limit the use of platinum in certain applications. In the automotive sector, the rising usage of platinum in catalytic converters and other automotive parts and components is driving market growth.
Supply chain inconsistencies also pose a challenge, as the majority of the world's platinum supply comes from South Africa, which is prone to political instability and labor disputes. Companies seeking to capitalize on market opportunities must focus on optimizing production processes and exploring alternative sources of platinum to mitigate these challenges and maintain a competitive edge.

What will be the Size of the Platinum Market during the forecast period?

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1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Source
- Executive Summary - Chart on Market Segmentation by Form Factor
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation

2.3 Factors of disruption
- Overview on factors of disruption

2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market

3.2 Market characteristics
- Market characteristics analysis

3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition

4.2 Market segment analysis
- Market segments

4.3 Market size 2024

4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Platinum Market 2019 - 2023
- Historic Market Size - Data Table on Global Platinum Market 2019 - 2023 ($ million)

5.2 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ million)

5.3 Source segment analysis 2019 - 2023
- Historic Market Size - Source Segment 2019 - 2023 ($ million)

5.4 Form Factor segment analysis 2019 - 2023
- Historic Market Size - Form Factor Segment 2019 - 2023 ($ million)

5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)

5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 The AI impact on global platinum market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029

7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029

7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029

7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029

7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029

7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029

7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by End-user

8.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)

8.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user

8.3 Automotive - Market size and forecast 2024-2029
- Chart on Automotive - Market size and forecast 2024-2029 ($ million)
- Data Table on Automotive - Market size and forecast 2024-2029 ($ million)
- Chart on Automotive - Year-over-year growth 2024-2029 (%)
- Data Table on Automotive - Year-over-year growth 2024-2029 (%)

8.4 Jewelry - Market size and forecast 2024-2029
- Chart on Jewelry - Market size and forecast 2024-2029 ($ million)
- Data Table on Jewelry - Market size and forecast 2024-2029 ($ million)
- Chart on Jewelry - Year-over-year growth 2024-2029 (%)
- Data Table on Jewelry - Year-over-year growth 2024-2029 (%)

8.5 Industrial - Market size and forecast 2024-2029
- Chart on Industrial - Market size and forecast 2024-2029 ($ million)
- Data Table on Industrial - Market size and forecast 2024-2029 ($ million)
- Chart on Industrial - Year-over-year growth 2024-2029 (%)
- Data Table on Industrial - Year-over-year growth 2024-2029 (%)

8.6 Investment - Market size and forecast 2024-2029
- Chart on Investment - Market size and forecast 2024-2029 ($ million)
- Data Table on Investment - Market size and forecast 2024-2029 ($ million)
- Chart on Investment - Year-over-year growth 2024-2029 (%)
- Data Table on Investment - Year-over-year growth 2024-2029 (%)

8.7 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

9 Market Segmentation by Source

9.1 Market segments
- Chart on Source - Market share 2024-2029 (%)
- Data Table on Source - Market share 2024-2029 (%)

9.2 Comparison by Source
- Chart on Comparison by Source
- Data Table on Comparison by Source

9.3 Primary - Market size and forecast 2024-2029
- Chart on Primary - Market size and forecast 2024-2029 ($ million)
- Data Table on Primary - Market size and forecast 2024-2029 ($ million)
- Chart on Primary - Year-over-year growth 2024-2029 (%)
- Data Table on Primary - Year-over-year growth 2024-2029 (%)

9.4 Secondary - Market size and forecast 2024-2029
- Chart on Secondary - Market size and forecast 2024-2029 ($ million)
- Data Table on Secondary - Market size and forecast 2024-2029 ($ million)
- Chart on Secondary - Year-over-year growth 2024-2029 (%)
- Data Table on Secondary - Year-over-year growth 2024-2029 (%)

9.5 Market opportunity by Source
- Market opportunity by Source ($ million)
- Data Table on Market opportunity by Source ($ million)

10 Market Segmentation by Form Factor

10.1 Market segments
- Chart on Form Factor - Market share 2024-2029 (%)
- Data Table on Form Factor - Market share 2024-2029 (%)

10.2 Comparison by Form Factor
- Chart on Comparison by Form Factor
- Data Table on Comparison by Form Factor

10.3 Platinum bars - Market size and forecast 2024-2029
- Chart on Platinum bars - Market size and forecast 2024-2029 ($ million)
- Data Table on Platinum bars - Market size and forecast 2024-2029 ($ million)
- Chart on Platinum bars - Year-over-year growth 2024-2029 (%)
- Data Table on Platinum bars - Year-over-year growth 2024-2029 (%)

10.4 Platinum coins - Market size and forecast 2024-2029
- Chart on Platinum coins - Market size and forecast 2024-2029 ($ million)
- Data Table on Platinum coins - Market size and forecast 2024-2029 ($ million)
- Chart on Platinum coins - Year-over-year growth 2024-2029 (%)
- Data Table on Platinum coins - Year-over-year growth 2024-2029 (%)

10.5 Market opportunity by Form Factor
- Market opportunity by Form Factor ($ million)
- Data Table on Market opportunity by Form Factor ($ million)

11 Customer Landscape

11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

12 Geographic Landscape

12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)

12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison

12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)

12.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)

12.5 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)

12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)

12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)

12.8 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)

12.9 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)

12.10 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)

12.11 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)

12.12 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)

12.13 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)

12.14 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)

12.15 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ million)
- Data Table on Australia - Market size and forecast 2024-2029 ($ million)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)

12.16 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)

12.17 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)

12.18 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)

13 Drivers, Challenges, and Opportunity/Restraints

13.1 Market drivers

13.2 Market challenges

13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

13.4 Market opportunities/restraints

14 Competitive Landscape

14.1 Overview

14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation

14.3 Landscape disruption
- Overview on factors of disruption

14.4 Industry risks
- Impact of key risks on business

15 Competitive Analysis

15.1 Companies profiled
- Companies covered

15.2 Company ranking index
- Company ranking index

15.3 Market positioning of companies
- Matrix on companies position and classification

15.4 African Rainbow Minerals Ltd.
- African Rainbow Minerals Ltd. - Overview
- African Rainbow Minerals Ltd. - Business segments
- African Rainbow Minerals Ltd. - Key news
- African Rainbow Minerals Ltd. - Key offerings
- African Rainbow Minerals Ltd. - Segment focus
- SWOT

15.5 Anglo American South Africa Investments Proprietary Ltd.
- Anglo American South Africa Investments Proprietary Ltd. - Overview
- Anglo American South Africa Investments Proprietary Ltd. - Product / Service
- Anglo American South Africa Investments Proprietary Ltd. - Key offerings
- SWOT

15.6 Asahi Group Holdings Ltd.
- Asahi Group Holdings Ltd. - Overview
- Asahi Group Holdings Ltd. - Business segments
- Asahi Group Holdings Ltd. - Key news
- Asahi Group Holdings Ltd. - Key offerings
- Asahi Group Holdings Ltd. - Segment focus
- SWOT

15.7 Eastern Platinum Ltd.
- Eastern Platinum Ltd. - Overview
- Eastern Platinum Ltd. - Product / Service
- Eastern Platinum Ltd. - Key offerings
- SWOT

15.8 Eurasia Mining PLC
- Eurasia Mining PLC - Overview
- Eurasia Mining PLC - Business segments
- Eurasia Mining PLC - Key offerings
- Eurasia Mining PLC - Segment focus
- SWOT

15.9 Glencore Plc
- Glencore Plc - Overview
- Glencore Plc - Business segments
- Glencore Plc - Key news
- Glencore Plc - Key offerings
- Glencore Plc - Segment focus
- SWOT

15.10 Heesung PMTech Corp.
- Heesung PMTech Corp. - Overview
- Heesung PMTech Corp. - Product / Service
- Heesung PMTech Corp. - Key offerings
- SWOT

15.11 Heraeus Holding GmbH
- Heraeus Holding GmbH - Overview
- Heraeus Holding GmbH - Product / Service
- Heraeus Holding GmbH - Key offerings
- SWOT

15.12 Hindustan Platinum Pvt. Ltd.
- Hindustan Platinum Pvt. Ltd. - Overview
- Hindustan Platinum Pvt. Ltd. - Product / Service
- Hindustan Platinum Pvt. Ltd. - Key offerings
- SWOT

15.13 Impala Platinum Holdings Ltd.
- Impala Platinum Holdings Ltd. - Overview
- Impala Platinum Holdings Ltd. - Business segments
- Impala Platinum Holdings Ltd. - Key news
- Impala Platinum Holdings Ltd. - Key offerings
- Impala Platinum Holdings Ltd. - Segment focus
- SWOT

15.14 Indian Platinum Pvt. Ltd.
- Indian Platinum Pvt. Ltd. - Overview
- Indian Platinum Pvt. Ltd. - Product / Service
- Indian Platinum Pvt. Ltd. - Key offerings
- SWOT

15.15 Northam Platinum Ltd.
- Northam Platinum Ltd. - Overview
- Northam Platinum Ltd. - Business segments
- Northam Platinum Ltd. - Key offerings
- Northam Platinum Ltd. - Segment focus
- SWOT

15.16 PJSC MMC Norilsk Nickel
- PJSC MMC Norilsk Nickel - Overview
- PJSC MMC Norilsk Nickel - Business segments
- PJSC MMC Norilsk Nickel - Key news
- PJSC MMC Norilsk Nickel - Key offerings
- PJSC MMC Norilsk Nickel - Segment focus
- SWOT

15.17 Sibanye Stillwater Ltd.
- Sibanye Stillwater Ltd. - Overview
- Sibanye Stillwater Ltd. - Business segments
- Sibanye Stillwater Ltd. - Key news
- Sibanye Stillwater Ltd. - Key offerings
- Sibanye Stillwater Ltd. - Segment focus
- SWOT

15.18 Vale SA
- Vale SA - Overview
- Vale SA - Product / Service
- Vale SA - Key offerings
- SWOT

16 Appendix

16.1 Scope of the report

16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist

16.3 Currency conversion rates for US$
- Currency conversion rates for US$

16.4 Research methodology
- Research methodology

16.5 Data procurement
- Information sources

16.6 Data validation
- Data validation

16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing

16.8 Data synthesis
- Data synthesis

16.9 360 degree market analysis
- 360 degree market analysis

16.10 List of abbreviations
- 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.

INFORMATION SOURCES