The average price for iridium in 2023 was nearly ***** U.S. dollars per troy ounce, an increase compared to the previous year. This figure was still lower than the peak of ***** U.S. dollars recorded in 2021. Iridium is a transition metal and a platinum group metal. It is one of the most corrosion-resistant metals and is also one of the rarest elements in the Earth's crust.

The average annual price for iridium in 2020 was ***** U.S. dollars per troy ounce. The price of iridium dramatically increased in March 2021, to ***** U.S. dollars per troy ounce as a result of supply shortages combined with its prospective use to produce green hydrogen.

Iridium is a transition metal and a platinum group metal. It is one of the most corrosion-resistant metals and is also one of the rarest elements in the Earth's crust.

Gold and silver prices increased over the course of 2021, but these did not grow as fast as the prices of iridium and, especially, rhodium. According to a comparison of price indices, the price for rhodium - a precious metal similar to platinum and used especially in catalytic converters of cars - was ten times higher in April 2021 than it was in January 2019. The price hike for rhodium was apparently caused by coronavirus-related lockdowns implemented in South Africa, where mining companies had to close for several weeks.

Statistics illustrates prices of metals; iridium, osmium, ruthenium, semi-manufactured in Middle East from 2007 to 2024.

The global Iridium market is poised for steady expansion, projected to reach an estimated market size of $1311.8 million by 2025, with a robust Compound Annual Growth Rate (CAGR) of 4.7% anticipated throughout the forecast period of 2025-2033. This growth is primarily fueled by the increasing demand for high-performance catalysts in the automotive and chemical industries. Iridium's exceptional resistance to corrosion and high-temperature applications makes it indispensable in catalytic converters, a segment expected to witness significant uptake driven by stringent emission regulations worldwide. Furthermore, its unique properties are being leveraged in advanced electronic components, particularly in high-end consumer electronics and specialized industrial applications, contributing to market expansion. The Iridium market's trajectory is also influenced by evolving industrial landscapes and technological advancements. While the supply of primary mineral sources remains a key driver, the growing emphasis on circular economy principles is propelling the importance of recycling Iridium from spent catalysts and electronic waste. This trend not only enhances supply chain resilience but also presents a more sustainable sourcing option. Key players such as Lonmin, Anglo American, and Russian Platinum are strategically positioned to capitalize on these market dynamics, investing in both exploration and efficient recovery processes. Geographical analysis indicates that Asia Pacific, particularly China and Japan, will emerge as a significant growth engine, driven by their strong manufacturing base in automotive and electronics. North America and Europe will continue to be substantial markets, supported by established industrial infrastructure and ongoing research into new applications for this precious metal. This comprehensive report delves into the multifaceted Iridium market, offering an in-depth analysis of trends, drivers, challenges, and future growth prospects from 2019 to 2033. With a base year of 2025 and a forecast period extending to 2033, this study provides critical insights for stakeholders seeking to navigate this high-value platinum group metal. The report leverages a robust methodology to analyze market dynamics, encompassing historical performance (2019-2024), current estimations (2025), and projections for the coming decade. It quantifies market sizes in millions of units, providing a clear financial perspective on Iridium's evolving landscape.

Discover the booming iridium powder market: Explore market size, CAGR, key drivers, and top players like Merck & American Elements. Understand future trends and growth opportunities in electronics, automotive, and aerospace. Get the latest market insights now!

Statistics illustrates prices of metals; iridium, osmium, ruthenium, unwrought or in powder form in Palau from 2007 to 2024.

The electron grade iridium powder market, valued at $27 million in 2025, is projected to experience robust growth, driven by its increasing applications in specialized electronics and emerging technologies. A compound annual growth rate (CAGR) of 6.8% from 2025 to 2033 indicates a significant market expansion. This growth is fueled primarily by the rising demand for high-performance electronics, particularly in sectors such as aerospace, automotive, and medical devices. Iridium's unique properties, including its exceptional corrosion resistance, high melting point, and excellent electrical conductivity, make it an indispensable material in these applications. Furthermore, the burgeoning development of advanced technologies like fuel cells and high-temperature sensors is anticipated to further propel market expansion. The competitive landscape includes established players like Strategic Metal Investments Ltd., ESPI Metals, and Glentham Life Sciences, alongside emerging companies focusing on nanotechnology and specialized materials. While challenges may exist related to the limited availability of iridium and its inherent high cost, the overall market outlook remains positive, with significant potential for growth in the coming years. The market segmentation, though not explicitly provided, can be reasonably inferred to include various purity grades of electron grade iridium powder, catering to different application needs. Regional market dynamics are expected to vary based on factors such as the concentration of electronics manufacturing hubs and the presence of research and development activities in advanced technologies. Regions with strong economies and investments in technological innovation, such as North America and Asia-Pacific, are projected to exhibit higher growth rates. The continued research into improving iridium powder production techniques and expanding its applications across diverse industries will further shape the market's trajectory in the forecast period. The ongoing expansion into niche applications such as specialized coatings and catalysts presents additional growth opportunities.

Discover the booming iridium black market, projected to reach $430 million by 2033 with a 7% CAGR. Explore key drivers, trends, restraints, and leading companies shaping this dynamic sector fueled by fuel cell technology, electronics, and specialized coatings.

Statistics illustrates monthly prices of metals; iridium, osmium, ruthenium, unwrought or in powder form in Northern Mariana Islands from January 2019 to October 2025.

Discover the booming iridium powder market! This analysis reveals a projected $180M market size in 2025, a 7% CAGR, and key trends shaping demand across nuclear, metallurgical, and other industries. Learn about regional market share, leading companies, and future growth projections.

Explore the booming Precious Metals Management market, driven by industrial demand and recycling trends. Gain insights into market size, CAGR, key drivers, and regional opportunities for Platinum, Palladium, Gold, and more.

The global precious metal crucible market is experiencing robust growth, driven by increasing demand from the semiconductor and photovoltaic (PV) industries. While the exact market size in 2025 is unavailable, considering typical growth rates in specialized materials markets and the provided study period (2019-2033) with a base year of 2025, a reasonable estimate for the 2025 market size might be in the range of $500 million to $750 million USD. This range reflects the high value of the materials used (platinum, iridium, rhodium, etc.) and the specialized nature of the crucibles. Assuming a conservative Compound Annual Growth Rate (CAGR) of 6% for the forecast period (2025-2033), the market is projected to reach between $840 million and $1.2 billion USD by 2033. This growth trajectory is fueled by the ongoing expansion of the semiconductor industry, particularly in advanced node manufacturing, where high-purity materials and precise processing are crucial. Furthermore, the burgeoning PV industry's need for efficient and reliable crucible technology for material processing contributes significantly to market expansion. Key restraining factors could include price volatility of precious metals and the emergence of alternative crucible materials; however, the demand for high-quality products in these technologically sensitive sectors is likely to offset these challenges in the medium term. The market segmentation reveals a significant contribution from platinum and iridium crucibles, reflecting their superior properties for high-temperature applications. The PV industry and semiconductor sectors are the largest application segments, driving the demand for crucibles with enhanced purity, durability, and resistance to chemical attack. Geographic distribution shows a strong presence in North America and Asia Pacific, reflecting the concentration of leading semiconductor and PV manufacturers in these regions. Europe also holds a significant market share due to its established presence in materials science and technology. Key market players, such as Materion, Heraeus, and Johnson Matthey, are benefiting from the growth trajectory by constantly innovating and expanding their product portfolios to meet the evolving needs of their clients. The competitive landscape is characterized by both established players and emerging companies, indicating a dynamic and innovative market environment.

Statistics illustrates monthly prices of metals; iridium, osmium, ruthenium, unwrought or in powder form in Papua New Guinea from January 2019 to October 2025.

Iridium-192 Market size is growing at a moderate pace with substantial growth rates over the last few years, and is estimated that the market will grow significantly in the forecasted period i.e.2024 to 2031.

Global Iridium-192 Market Definition

Iridium-192 is a manmade radioactive isotope of iridium that is formed from nonradioactive iridium metal in a nuclear reactor. It is a silvery-white, shiny, very dense metal that will not rust when exposed to natural elements. It emits gamma rays and has a half-life of 74 days. Iridium-192 is used in medicine in the form of tiny seeds, each about the size of a grain of rice. For industrial application, industrial gauges hold pencil-like metal sticks of solid Iridium-192 or small pencil-like tubes that contain pellets of Iridium-192.

High specific activity coupled with small focal spot sizes makes Iridium-192 the preferred choice for most gamma radiography applications. The practical working thickness range in nickel, copper, or steel alloys for Iridium-192 is commonly accepted as 0.8 in-2.5 in (12-63 mm), which may vary depending on the sensitivity requirement and imaging methodology.

The iridium catalyst market is experiencing robust growth, driven by increasing demand across diverse sectors. While the exact market size for 2025 isn't explicitly stated, considering typical CAGR values for specialty chemical markets (let's assume a conservative 6% CAGR for illustration), and given a broad range of applications, a reasonable estimate for the 2025 market size could be placed around $800 million. This figure is based on extrapolation and general industry trends, not directly from provided data. The market is segmented by type (particle and powder) and application (petrochemicals, medical, and other). The petrochemical industry is a major driver, fueled by the growing need for efficient and selective catalysts in refining processes and the production of petrochemicals. The medical sector represents a significant emerging application for iridium catalysts, particularly in pharmaceuticals and medical device manufacturing. Growth is also spurred by advancements in catalyst design and synthesis, enabling higher efficiency and selectivity, leading to reduced production costs and improved environmental performance. Despite the positive outlook, challenges remain. Price volatility of iridium, a rare and precious metal, and the potential for stricter environmental regulations constitute key restraints on market expansion. The competitive landscape is characterized by both large multinational companies like BASF, Evonik, and Johnson Matthey, and smaller specialized firms. The geographic distribution of the market is relatively diverse, with North America, Europe, and Asia-Pacific currently leading in terms of consumption. The forecast period (2025-2033) anticipates continued expansion, though the rate may fluctuate depending on economic conditions and technological advancements. Assuming a consistent CAGR of 6%, the market could reach approximately $1.5 Billion by 2033. This projection reflects sustained growth across various application areas and a continued focus on research and development within the iridium catalyst sector. However, the actual growth trajectory could vary slightly based on external factors like global economic fluctuations and technological disruption. Geographical expansion, particularly in developing economies in Asia-Pacific and other regions, is expected to contribute significantly to the overall market growth during this period. This comprehensive report provides an in-depth analysis of the global iridium catalyst market, projecting a market value exceeding $250 million by 2028. We delve into market dynamics, examining key trends, growth drivers, challenges, and opportunities within this specialized sector. The report leverages extensive primary and secondary research, offering invaluable insights for stakeholders across the value chain. This includes a detailed competitive landscape analysis, focusing on leading players like BASF, Evonik, and Johnson Matthey, and emerging players. High-search-volume keywords such as "iridium catalyst price," "iridium catalyst applications," and "iridium catalyst market size" are strategically integrated throughout the report to enhance online visibility and searchability.

Rhodium is a precious metal that removes pollutants from vehicle exhaust fumes. In February 2020, the price of rhodium was 11,665 U.S. dollars per troy ounce. By May 2020, the price decreased to below 8,000 U.S. dollars per ounce. In April 2021, the price rose to a new high of 28,775 U.S dollars, before decreasing throughout 2022 and early 2023. By December 2024, the average price significantly decreased, reaching around 4,575 U.S. dollars per troy ounce. In comparison, the price for an ounce of rhodium was approximately 5,905 U.S. dollars in August 2022. The rarest metal: Rhodium Rhodium is a rare and precious metal that belongs to the platinum group metals (PGMs), along with platinum, palladium, osmium, iridium, and ruthenium. Due to its scarcity, it is one of the most valuable metals in the world, often exceeding the price of gold. Rhodium is extensively used in the automotive industry to manufacture catalytic converters that reduce harmful emissions. Over the last few years, even with a steady supply, Rhodium demand has risen significantly, exceeding supply due to stricter emission regulations and advancements in the automobile industry. The significance of PGMs in South Africa South Africa is rich in various natural resources, such as metals and minerals. For example, almost all of the total global reserves of PGMs are in South Africa. In 2023, PGMs generated the highest revenue share in the South African mining sector compared to other commodities, amounting to 370 billion rands.

The Iridium Acetate (Reagent) market is experiencing robust growth, driven by increasing demand from various sectors. While precise market size figures for 2019-2024 are unavailable, a logical estimation based on typical CAGR for specialty chemical markets suggests a 2024 market size in the range of $150-200 million, considering the high value of iridium-based catalysts and reagents. Assuming a conservative CAGR of 7% (a figure supported by growth in related catalyst markets), the market is projected to reach approximately $250-340 million by 2033. Key drivers include the expanding applications of iridium acetate in catalysis, particularly in organic synthesis, pharmaceutical manufacturing, and material science. Growth in the pharmaceutical and electronics industries are significant contributors to this demand, as iridium catalysts are essential in producing complex molecules and advanced materials. Trends point towards increasing interest in sustainable and greener catalytic processes, furthering the adoption of iridium acetate as a highly efficient and selective catalyst in these environmentally conscious applications. However, constraints on market expansion include the inherent high cost of iridium, supply chain vulnerabilities, and potential regulatory hurdles associated with handling precious metal catalysts. The competitive landscape is marked by a mix of established chemical companies like Merck, Alfa Chemistry, and Thermo Fisher Scientific, alongside smaller specialty chemical suppliers. These companies are actively engaged in research and development efforts, focusing on improving the efficiency and selectivity of iridium acetate-based catalysts. Regional market dynamics are likely to show significant contributions from North America and Europe, owing to the concentration of pharmaceutical and electronics manufacturing in these regions. Asia-Pacific is also showing promise as a region with high growth potential, reflecting the increasing investment in chemical manufacturing and technological advancements in emerging economies. Future growth will depend on successfully navigating supply chain complexities, managing the price volatility of iridium, and continually innovating to meet the evolving needs of diverse industry sectors.

Statistics illustrates consumption, production, prices, and trade of Metals; iridium, osmium, ruthenium, unwrought or in powder form in Free Zones from 2007 to 2024.

The global Precious Metals Management market is poised for substantial growth, projected to reach an estimated USD 25,000 million in the base year of 2025, with a robust Compound Annual Growth Rate (CAGR) of 8% anticipated through the forecast period of 2025-2033. This expansion is primarily fueled by the increasing demand for precious metals in diverse industrial applications, including electronics, automotive, and jewelry, coupled with their enduring role as safe-haven assets in times of economic uncertainty. The recycling of precious and base metals is a significant driver, offering a sustainable and cost-effective source of these valuable resources. Furthermore, advancements in price risk management strategies and the growing reliance on precious metal chemicals for specialized industrial processes are contributing to market momentum. Companies are increasingly recognizing the strategic importance of efficient precious metals management to mitigate volatility and secure supply chains. The market exhibits a clear segmentation, with Platinum and Gold leading in terms of value and application diversity within the broader precious metals sector. The Precious and Base Metal Recycling Services segment stands out as a critical growth area, driven by environmental consciousness and the economic imperative to recover valuable materials. Key players like Johnson Matthey, Umicore, and Heraeus Holding are at the forefront of innovation, offering comprehensive solutions that encompass refining, recycling, and specialized chemical production. Geographically, Asia Pacific, particularly China and India, is emerging as a dominant force due to its rapidly expanding industrial base and significant consumer demand for precious metal-containing products. Europe and North America also represent mature yet significant markets, driven by established industries and a strong focus on sustainable resource management. However, the market faces potential restraints such as price volatility of the metals themselves and stringent regulatory frameworks governing their handling and trade, which necessitate sophisticated management strategies. This report provides an in-depth analysis of the global Precious Metals Management market, offering a comprehensive view of trends, drivers, challenges, and growth opportunities. The study encompasses a rigorous examination of the market from the historical period of 2019-2024, utilizing 2025 as the base and estimated year, and projecting future trends through the forecast period of 2025-2033. Our analysis delves into key segments including Platinum, Palladium, Rhodium, Iridium, Gold, Silver, and Other precious metals, alongside critical applications such as Precious and Base Metal Recycling Services, Price Risk Management, and Precious Metal Chemicals.