LONDON, April 6, 2017 /PRNewswire/ -- About Precious Metals
Precious metals are naturally occurring rare metallic chemical elements. They have high economic value. The precious metals considered in this report are silver, gold, palladium, and platinum. Silver is the most widely used precious metal across regions. The global precious metals market is expected to grow at a significant pace during the forecast period, driven by increased sales of jewelry, consumer electronics, and automobiles. Gold, silver, and platinum drive the precious metal market globally. India, Singapore, and China are the major consumers of precious metals.
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Technavio's analysts forecast the global precious metals market to grow at a CAGR of 4.07% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global precious metals market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW
Technavio's report, Global Precious Metals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Anglo American
- Barrick Gold
- Impala Platinum
- Lonmin
- Newmont Mining
Other prominent vendors
- Johnson Matthey
- Goldcorp
- Norilsk Nickel
- Northam Platinum
- North American Palladium
Market driver
- Extensive use of platinum in the glass and chemical applications.
- For a full, detailed list, view our report
Market challenge
- Environmental hazards related to gold mining.
- For a full, detailed list, view our report
Market trend
- Increasing disposable income of the middle class population.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
Methodology
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