Precious Metals Market Key Players, Trends Forecast by Types and Regions 2017-2022

Global Precious Metals Market is classified on the basis of product type, form, applications, distribution channel and geography. Metals that occur naturally but are rare or have a high economical value are known as precious metals. Gold, silver, palladium and platinum are the most precious metals. These kinds of metals are difficult to mine as compared to the other metals. Precious metals have a great economic value and are highly valuable to industries owing to their uses such as art, jewellery, electronics, investments, fine dinnerware, decorative accessories, medicine, etc.

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In case of chemical properties, precious metals are generally very lustrous and ductile. In addition, they are less reactive as that of the base metals. They are commercially available in a wide range of physical forms in various sizes and shapes. There are a number of aspects that should be considered while buying a precious metal such as purity, weight, liquidity, certificate, and so on. The factors that propel the growth of the Precious Metals Market include increasing awareness regarding investments, growing demand and wide range of applications such as in electronics, automotive, medicine, etc. On the other hand, there are also factors that may hamper the growth of the market such as high cost.



Precious Metals Market is classified on the basis of product type as silver, gold, palladium and platinum. Among the product type, silver is projected to account a significant share of the global market. The key factors that attribute to the major share of this segment is due to increasing demand and wide range of applications such as jewellery, in industries, etc.

Precious Metals Market is classified on the basis of form as bullion, bars, coins, and others. Based on application the global market is classified as jewellery, automobiles, consumer electronics and others. Based on distribution channel, the global market is segmented as online stores, specialty stores and others. Based on geography, the geographical market spans North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.

The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and Africa region consists of GCC, South Africa and North Africa.

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Some of the key players that fuel the growth of the Precious Metals Market include Anglo American, Barrick Gold, Impala Platinum, Lonmin and Newmont Mining. The other prominent players operating in the Precious Metals Industry include Johnson Matthey, Goldcorp, Norilsk Nickel, Northam Platinum, North American Palladium, and others.
Location: Felton, CA, USA

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