DUBLIN, Apr 10, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Precious Metals Market 2017-2021" report to their offering.
The global precious metals market to grow at a CAGR of 4.07% during the period 2017-2021.
The 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.
One trend in market is increasing disposable income of the middle class population. Globally, three billion people are expected to enter the middle class population segment between 2015-2035. The growing middle class population is expected to play a significant role in boosting the growth of the market. APAC and the Americas are among the key markets for precious metals and offer significant opportunities for major players to expand their businesses. A rise in the disposable income of the middle class population has had a considerable positive impact on the growth of the market. Disposable income increased by almost 25% in APAC and by more than 20% in Latin America between 2009 and 2014. The key markets in these regions include Japan, China, India, and Brazil. Per capita annual disposable income increased by approximately 23% in Japan, 7% in China, and 9% in India between 2014 and 2015.
According to the report, one driver in market is extensive use of platinum in the glass and chemical industries. Platinum consumption in the industrial sector is growing with an increase in platinum purchase by the glass industry and the chemical industry in addition to the automotive industry. In the glass industry, platinum is used in the fabrication of vessels that assist in holding, channeling, and forming the molten glass. The high melting point, strength, and corrosion resistance of platinum allow it to withstand the abrasive action of molten glass. In the chemical industry, platinum is also used in the manufacture of nitric acid, where PGM catalysts are used for enhancing the efficiency of various reactions. In Asia and the Middle East, the construction of new chemical plants for the production of nitric acid and other chemicals is expected to increase platinum consumption.
- Anglo American
- Barrick Gold
- Impala Platinum
- Newmont Mining
Other Prominent Vendors
- Johnson Matthey
- Norilsk Nickel
- Northam Platinum
- North American Palladium
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product segment
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/nh5s6v/global_precious
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-precious-metals-market-to-grow-at-a-cagr-of-4-2017-2021-with-anglo-american-barrick-gold-impala-platinum-lonmin--newmont-mining-dominating-300437151.html
SOURCE Research and Markets