Platinum Sector: Growth Drivers and Challenges
Growth Drivers
- Demand for Platinum to Manufacture More Efficient Engines in Automotive Industry
- Increasing Trend of Platinum Jewellery
Growth Restraints
- Fluctuating Prices of Platinum
- Environmental Impact During Mining
Platinum Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
5.2% |
|
Base Year Market Size (2024) |
USD 8.5 billion |
|
Forecast Year Market Size (2037) |
USD 16.43 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
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.
