DUBLIN, April 26, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Platinum Group Metals Market 2017-2021" report to their offering.
The global platinum group metals market to grow at a CAGR of 3.09% during the period 2017-2021.
Global Platinum Group Metals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of platinum group metals.
According to the report, one of the major drivers for this market is increasing use of PGMs in automobiles. PGMs are widely used in autocatalysts that reduce the emission of various hazardous gases such as CO2 and NO2 from vehicles. In addition, these metals are also used in other automobile components such as antilock braking systems, air bag initiators, and spark plugs.
The latest trend gaining momentum in the market is advances in technology. PGMs play a significant role in many technological innovations in many markets in recent years. These metals are used in the production of glass fiber for fiber optic cables, which helps in advanced telecommunication. PGMs are widely used in implants and tools in the medicine. They are also being considered a treatment option for cancer, and platinum is used as an active ingredient in chemotherapy drugs and also in the treatment of Parkinson's disease.
Further, the report states that one of the major factors hindering the growth of this market is volatility in prices. Metal prices are subject to fluctuation. Since South Africa is the major revenue contributor to the global PGM market, the rand to US dollar exchange plays an important role in this market's dynamics. A rise in the value of the rand will affect operating and production costs, thereby reducing the profit margins of the vendors.
- Anglo American Platinum
- Impala Platinum
- JSC MMC Norilsk Nickel
- Stillwater Mining
Other prominent vendors
- North American Palladium
- African Rainbow Minerals
- Eastern Platinum
- Glencore Xstrata
- Aquarius Platinum
- Johnson Matthey
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by metal
Part 07: Market segmentation by application
Part 08: Geographic segmentation
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/8hwxtw/global_platinum
Laura Wood, Senior Manager
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SOURCE Research and Markets