Global precious metals market is expected to grow at a CAGR between 4.0% and 4.5% over the period of 2017 – 2023. Precious metals are naturally occurring high value and rare metals such as silver, gold, and platinum group metals. These metals are traded and are also treated as currency in the world market; however, these metals are also in several industrial applications. Although these metals are traded as high investment metals, the report covers the precious metals used in industrial applications. A research study has found out that precious metals are used in industrial applications including photovoltaics and jewelry among others. These materials of not reactive and are increasingly used in the industrial applications.
Increase in applications of precious metals such as silver and platinum group metals in the end use industries is a primary factor promoting the growth in the world market. Moreover, globally rise in per capita income among the consumers in the world market is expected to drive the demand for jewelry of precious metals over the forecast period. However, regulatory aspects pertaining to the mining of precious metals is one of the primary restraining factors affecting the growth of this market, furthermore, rise in demand for imitation and quoted jewelry is expected to affect the market growth of the precious metals over the forecast period.
The report covers the analysis of global as well as regional markets of Precious metals market. Moreover, the global precious metals market is segmented by type, by end user applications. On the basis of types the precious metals market is segmented as platinum group metals, silver, gold and others. On the basis of the end use applications include silver nitrate applications- photovoltaics, jewelry and others; gold applications- jewelry and others, platinum group metals- photovoltaics, jewelry and others. Other applications include healthcare and automotive among others. Among the product types silver accounted for the largest market size in terms of volume over the period of 2015 and 2016.
Key topics covered:
2. Executive Summary
3. Global Precious metals market: Overview
4. Global precious metals market analysis, by type 2017 – 2023
5. Global precious metals market analysis, by end-use industry analysis 2017 – 2023
6. Global precious metals market analysis, by region 2017 – 2023
7. Company Profiles