DUBLIN, December 01, 2021--(BUSINESS WIRE)--The "Precious Metals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global precious metals market exhibited moderate growth during 2015-2020. Looking forward, the market is projected to grow at a CAGR of around 5% during 2021-2026.
The market is experiencing growth on account of changing lifestyles and inflating disposable incomes of individuals. Apart from this, due to the rising environmental concerns, leading market players in different industry verticals are investing in the recycling of precious metals that can further be utilized for manufacturing heart pacemakers and artificial cochlea. Moreover, governments of various countries are implementing stringent emission regulations, which, in turn, is contributing to the market growth, as these metals are used for purifying exhaust gases in automobiles.
However, on account of the rising cases of the coronavirus disease (COVID-19), governments of various countries have announced complete lockdowns as a preventive measure to combat the pandemic. This has disrupted supply chains and halted operations of several manufacturing units, which, in turn, have led to inventory shortages. On the other hand, the investments in precious metals have increased as a means to survive the rapidly changing market conditions.
The report provides an analysis of the key trends in each sub-segment of the global precious metals market, along with forecasts at the global, regional and country level from 2021-2026. The report has categorized the market based on metal type and application.
Breakup by Metal Type
Breakup by Application
Breakup by Region
Middle East & Africa
The report has also analysed the competitive landscape of the market with some of the key players being:
Anglo American Platinum Limited (Anglo American PLC)
Barrick Gold Corporation
First Majestic Silver Corp.
First Quantum Minerals Ltd.
Fresnillo plc (Penoles Group)
Gabriel Resources Ltd.
Glencore International AG
Gold Fields Limited
Impala Platinum Holdings Limited
Lundin Mining Corporation
Pan American Silver Corporation
Key Questions Answered in the Report
How has the global precious metals market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global precious metals market?
What are the key regional markets?
What is the breakup of the market based on the metal type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global precious metals market and who are the key players?
What is the degree of competition in the industry?
For more information about this report visit https://www.researchandmarkets.com/r/k5fcfu
View source version on businesswire.com: https://www.businesswire.com/news/home/20211201005850/en/
Laura Wood, Senior Press Manager
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