Precious Metals Market, By Metal Type (Gold, Silver, Platinum, and Palladium), By Application (Jewelry, Industrial, Investment, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

The global precious metals market is estimated to be valued at USD 305.45 Bn in 2024 and is expected to reach USD 489.66 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 305.45 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	7.00%	2031 Value Projection:	US$ 489.66 Bn

Figure. Precious Metals Market Share (%), By Region 2024

The global precious metals market refers to the trade of precious metals such as gold, silver, platinum, and palladium. These metals are rare and have many special properties like conductivity, corrosion resistance, and innate beauty which make them useful for various applications. They are chiefly used in jewelry, electronics, bullion investment, and automotive. Recent years have seen significant demand growth from emerging economies of Asia Pacific and Middle East regions which are leading to new supply avenues and opportunities for market participants. However, challenges remain in terms of volatility in prices and supply security risks.

Market Dynamics:

The key drivers of the global precious metals market include rising disposable incomes in developing nations fueling jewelry purchases, increased industrial usage of silver and platinum in electronics and automotive sectors, and investment demand from hedge funds and high net worth individuals looking for portfolio diversification. However, price volatility owing to geopolitical tensions and speculative trading remains a major challenge. Opportunities lie in developing innovative applications utilizing nanotechnology and in 3D printing sector. Precious metal recycling is another area attracting focus to enhance supplies while reducing environmental footprint.

Key Features of the Study:

This report provides in-depth analysis of the global precious metals market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global precious metals market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Barrick Gold Corporation, Newmont Corporation, AngloGold Ashanti Limited, Gold Fields Limited, Wheaton Precious Metals Corp., Royal Gold, Inc., Agnico Eagle Mines Limited, Pan American Silver Corp., Fresnillo plc, Silver Wheaton Corp., Johnson Matthey PLC, South32 Limited, Sibanye Stillwater, Platinum Group Metals Ltd., and Harmony Gold Mining Company Limited
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global precious metals market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global precious metals market

Market Segmentation

By Metal Type Insights (Revenue, USD Bn, 2019 - 2031)
- Gold
- Silver
- Platinum
- Palladium
By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Jewelry
- Industrial
- Investment
- Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Barrick Gold Corporation
- Newmont Corporation
- AngloGold Ashanti Limited
- Gold Fields Limited
- Wheaton Precious Metals Corp.
- Royal Gold, Inc.
- Agnico Eagle Mines Limited
- Pan American Silver Corp.
- Fresnillo plc
- Silver Wheaton Corp.
- Johnson Matthey PLC
- South32 Limited
- Sibanye Stillwater
- Platinum Group Metals Ltd.
- Harmony Gold Mining Company Limited

Product Code: CMI7569

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Precious Metals Market, By Metal Type
- Global Precious Metals Market, By Application
- Global Precious Metals Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend

4. Global Precious Metals Market, By Metal Type, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Gold
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Silver
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Platinum
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Palladium
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

5. Global Precious Metals Market, By Application, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Jewelry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Investment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Precious Metals Market, By Region, 2019 - 2031, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Metal Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Metal Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Metal Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Metal Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Metal Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Metal Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

7. Competitive Landscape

Barrick Gold Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Newmont Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
AngloGold Ashanti Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Gold Fields Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Wheaton Precious Metals Corp.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Royal Gold, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Agnico Eagle Mines Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Pan American Silver Corp.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Fresnillo plc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Silver Wheaton Corp.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Johnson Matthey PLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
South32 Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Sibanye Stillwater
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Platinum Group Metals Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Harmony Gold Mining Company Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
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