CRI Report: precious metals market for automotive applications to be $79,820.7 MLN in 2031
precious metals market
The global precious metals market for automotive applications is estimated to reach $79,820.7 million in 2031, reveals the premium market intelligence study by Our Research Team. The study also highlights that the market is set to witness a CAGR of 7.0% during the forecast period 2022-2031.
• Extensive competitive benchmarking of 20 key players done to offer a holistic view of the precious metals market for the automotive applications landscape
• Market segregation based on metal type, component, and end use
• Investment landscape, including product adoption scenario, funding, and patent analysis
Analyst Thoughts
According to Prasad Gade, Research Analyst, Our Research Team, “Precious metals play a significant role in the production of three-way catalytic converters, which purify the exhaust gas. Precious metals are widely used in numerous automotive applications such as engine units, switches, reflective films and mirrors, fuel cells, batteries, and other electrical components of the vehicle. Also, a rise in automotive manufacturing is anticipated to drive market growth over the forecast period.”
Key Companies Operating in The Market
Key players in the precious metals market for automotive applications analyzed and profiled in the study involve precious metals manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the precious metals market for automotive applications has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
The key companies profiled in the report include Heraeus Holding, Anglo American Platinum Limited, Impala Platinum Holdings Limited, Sibnaye-Stillwater, Northam Platinum Limited, Norilsk Nickel, Umicore, TANAKA HOLDINGS Co., Ltd., Johnson Matthey, Sigmund Cohn Corp., FIRST MAJESTIC, SINO-PLATINUM METALS CO. LTD., Hecla Mining Company, Fresnillo plc, Newmont Corporation, Royal Bafokeng Platinum, Generation Mining Limited, Desktop Metal, Inc., Nexa, and Freeport-McMoRan.
Key Questions Answered in the Report
• What are the major factors and trends that are impacting the global precious metals market for automotive applications?
• How has COVID-19 impacted the precious metals market for automotive applications across the globe?
• What are the steps taken by the existing players to improve their market positioning, and what are some of the key strategies adopted by new players entering this market space?
• Which is the leading metals type, component, and end user in the market and how are they going to perform in the coming years?
• What are the latest developments across the globe for the precious metals market for automotive applications, and what are the consumption patterns?