Platinum Market Size

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Report ID: 2999
Published Date: Dec 23, 2024
Report Format: PDF, PPT

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Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Platinum Market size was over USD 8.5 billion in 2024 and is projected to reach USD 16.43 billion by 2037, growing at around 5.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of platinum is assessed at USD 8.88 billion.

owing to its increasing use in the automotive industry. Platinum is used in spark plugs and oxygen sensors to build more efficient engines, which is estimated to boost its demand among automobile engine manufacturers. Properties of platinum, such as, highly malleable, ductile, dense, and unreactive nature is estimated to boost the market growth. Moreover, platinum is a precious metal, which is 30 times denser than gold, and is being increasingly used in making jewellery, which is further estimated to boost the market growth.

Browse key industry insights with market data tables & charts from the report:

Platinum Market Size & Share, Growth Report 2037

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of platinum is assessed at USD 8.88 billion.

Platinum Market size was over USD 8.5 billion in 2024 and is projected to reach USD 16.43 billion by 2037, growing at around 5.2% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is expected to account for largest revenue share by 2037, owing to presence of automotive manufacturing powerhouses in the countries, including, India, China, and Japan.

The major players in the market are Asahi Holdings, Inc., African Rainbow Minerals Ltd, Eastern Platinum Ltd., Vale SA, Eurasia Mining PLC, Implats Platinum Ltd., Norilsk Nickel and others.