Scope of the Study
Precious metals are naturally occurring metals which are relatively rare and more challenging to find than other types of metals. The shortage of precious metals has traditionally given them a high economic value throughout the history. Nowadays, precious metals are still valued for their use as investments, art, jewelry, and commodities. The higher relative values of precious metals are driven by various factors which includes their rarity, uses in industrial processes and as investment vehicles. The most popular precious metals with investors are gold, platinum & silver, and precious metals used in industrial processes consist of iridium, which is used in specialty alloys, and palladium, which is used in chemical and electronics applications.
The market study is being classified by Type (Gold, Silver, Palladium, Platinum and Others [Iridium, Rhodium, Ruthenium and Osmium]), by Application (Jewelry, Automotive, Medicine and Electronics) and major geographies with country level break-up.
Barrick Gold (Canada), Freeport-McMoRan (United States), First Quantum Minerals (Canada), Goldcorp Inc. (Canada), Gold Fields Limited (South Africa), Anglo American Platinum Limited (South Africa), Lundin Mining Corporation (Canada), Gabriel Resources Limited (United Kingdom), North American Palladium Ltd (Canada) and Harmony Gold Mining Company Limited (South Africa) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are First Majestic Silver Corp. (Canada), Nornickel (Russia), Fresnillo plc (Mexico), Glencore plc (Switzerland) and Pan American Silver Corporation (Canada).
Leading precious metal players are focusing on strategic partnerships and acquisition to improve their products and services. Also, the players are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that Canadian Vendors will contribute to the maximum growth of Global Precious Metals market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Precious Metals market by Type, Application and Region. On the basis of Type, Gold are dominating the market in the year 2018 where as Silver stood as second largest market share.
On the basis of application, Jewelry segment is dominating the market in the year 2018 where as Automotive segment stood as second largest market.
On the basis of geography, the market of Precious Metals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Precious Metals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Spending Power
- Wide Use of Platinum in the Glass and Chemical Applications
- Emerging Organized Players and Brands
- Growing Use of Palladium in the Automobile and Electronics Industries
- Labour Related Issues
- Changing Tastes & Technology
- Gold as an Investment Option
- Environmental Concerns Related To Gold Mining
Market Leaders and their expansionary development strategies
On Feb 22, 2019 - Pan American Silver Corp. and Tahoe Resources Inc. today completed the previously announced transaction whereby Pan American acquired all of the issued and outstanding shares of Tahoe.
In accordance with the law, it's required by the U.S. government through the National Gold and Silver Stamping Act of 1906, that each and every gold and silver jewelry and related items purchased is marked with a quality mark and marked with a trademark. The presence of the manufacture's trademark is an important assurance that the ration of gold to alloy as represented by a stamp on the article is accurate, thus making it conform to the law.
Key Target AudienceManufacturers of Precious Metals, Suppliers of Precious Metals Materials, Wholesalers, Distributors and Retailers of Precious Metals, Jewelry Industry, Governmental Bodies and Regulatory Organizations
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase