Platinum Group Metals Market Growing at a CAGR of 3.09% During 2017 to 2021 Says a New Report at ReportsnReports.com

PUNE, India, April 24, 2017 /PRNewswire/ --

According to the global platinum group metals market report, one of the major drivers for this market is increasing use of PGMs in automobiles. PGMs are widely used in auto catalysts 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.

Browse 48 Exhibits, 5 Major Company Profiles, spread across 70 pages available at http://www.reportsnreports.com/reports/958257-global-platinum-group-metals-market-2017-2021.html.

The latest trend gaining momentum in the platinum group metals 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.

The following companies as the key players in the global platinum group metals market: Anglo American Platinum, Impala Platinum, JSC MMC Norilsk Nickel, Lonmin, and Stillwater Mining. Other prominent vendors in the market are: North American Palladium, African Rainbow Minerals, Eastern Platinum, Glencore Xstrata, Aquarius Platinum, and Johnson Matthey. Order a copy of Global Platinum Group Metals Market 2017-2021 research report at http://www.reportsnreports.com/purchase.aspx?name=958257.

Global Platinum Group Metals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global platinum group metals market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of platinum group metals.

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