In 2024, the average nominal price of silver in India was ****** Indian rupees for one kilogram, which was an increase of over ****** rupees from the previous year, and the highest figure during the period of consideration.

Silver rose to 41.34 USD/t.oz on September 11, 2025, up 0.44% from the previous day. Over the past month, Silver's price has risen 9.05%, and is up 38.17% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Silver - values, historical data, forecasts and news - updated on September of 2025.

Bullion Price: Monthly Average: Mumbai: Silver data was reported at 95,524.000 INR/kg in Feb 2025. This records an increase from the previous number of 90,020.000 INR/kg for Jan 2025. Bullion Price: Monthly Average: Mumbai: Silver data is updated monthly, averaging 19,356.000 INR/kg from Apr 1990 (Median) to Feb 2025, with 419 observations. The data reached an all-time high of 95,524.000 INR/kg in Feb 2025 and a record low of 5,554.000 INR/kg in Mar 1993. Bullion Price: Monthly Average: Mumbai: Silver data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.PG002: Memo Items: Bullion Price.

In 2024, the Indian unwrought silver market increased by 164% to $2.3B, rising for the second consecutive year after four years of decline. In general, consumption enjoyed a modest increase. Over the period under review, the market hit record highs at $4.5B in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

NCDEX: Spot Price: Silver: New Delhi: First Session data was reported at 96,189.300 INR/kg in 14 May 2025. This records a decrease from the previous number of 96,796.100 INR/kg for 13 May 2025. NCDEX: Spot Price: Silver: New Delhi: First Session data is updated daily, averaging 88,446.600 INR/kg from Jan 2024 (Median) to 14 May 2025, with 333 observations. The data reached an all-time high of 100,291.250 INR/kg in 28 Mar 2025 and a record low of 68,902.900 INR/kg in 14 Feb 2024. NCDEX: Spot Price: Silver: New Delhi: First Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

The dataset contains year- and month-wise compiled data on the average prices of Gold (Standard) and Silver at Mumbai in India

India Consumer Price Index (CPI): Miscellaneous: Silver data was reported at 75.200 2012=100 in Oct 2018. This records an increase from the previous number of 74.500 2012=100 for Sep 2018. India Consumer Price Index (CPI): Miscellaneous: Silver data is updated monthly, averaging 76.300 2012=100 from Jan 2014 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 85.400 2012=100 in Mar 2014 and a record low of 65.900 2012=100 in Jan 2016. India Consumer Price Index (CPI): Miscellaneous: Silver data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Inflation – Table IN.IA017: Consumer Price Index: 2012=100: Miscellaneous.

The dataset shows average price in domestic and foreign markets of gold and silver

Note: 1. The data source for this Table for the period till 1999-2000 are Bombay Bullion Association and Press Trust of India. For the period 2000-01 onwards, the data sources are (i) Business Standard/ Business Line and Economic Times, Mumbai/IBJA Website for gold and silver price in Mumbai and LBMA for gold price in London and (ii) Thomson Reuters for silver price in New York. 2. Data provided in this Table for the period 1979-80 to 1999-2000 and 2000-01 to 2020-21 may not be strictly comparable due to different sources of information.

According to Cognitive Market Research, The Global Silver Catalyst Market was valued at USD 3,102.25 Million in 2021 and is expected to reach USD 6,683.09 Million by the end of 2033, growing at a CAGR of 7.61% between 2025 to 2033.

The North America Silver Catalyst market size was USD 989.02 Million in 2021 and it is expected to reach USD 2,021.86 Million in 2033.
The Europe Silver Catalyst market size was USD 737.69 Million in 2021 and it is expected to reach USD 1,588.66 Million in 2033.
The Asia Pacific Silver Catalyst market size was USD 1,098.14 Million in 2021 and it is expected to reach USD 2,527.43 Million in 2033.
The South America Silver Catalyst market size was USD 173.97 Million in 2021 and it is expected to reach USD 346.87 Million in 2033.
The Middle East Silver Catalyst market size was USD 70.41 Million in 2021 and it is expected to reach USD 136.13 Million in 2033.
The Africa Silver Catalyst market size was USD 33.03 Million in 2021 and it is expected to reach USD 62.14 Million in 2033.

Market Dynamics of Silver Catalyst Market

Key Drivers for Silver Catalyst Market

Market Driver: Expanding Global Chemical Industry Demand

The growth of the global chemical industry is a major driver of the silver catalyst market, driven by increasing demand for essential chemicals such as ethylene oxide and formaldehyde. Silver catalysts are instrumental in the catalytic oxidation of ethylene to produce ethylene oxide—a precursor for products like antifreeze, detergents, and polyester fibers. Notably, ethylene oxide production alone accounts for approximately 60% of global silver catalyst consumption, emphasizing silver's central role in large-scale chemical processing. The United States, a major hub for chemical manufacturing, further supports this trend. In 2022, U.S. chemical exports surpassed $494 billion, and with chemical volumes forecasted to rise by 3.2% and shipments by 8.2%, demand for high-performance catalysts like silver is climbing. Similar trends are seen in emerging markets such as India, where the chemical industry showed projected revenue growth of 18–23% in FY22, contributing to increased usage of catalysts for efficient production.

In addition to bulk chemical production, the rising demand for specialty chemicals—including adhesives, coatings, and water treatment agents—has further propelled the need for silver catalysts. These sectors often require high-performance catalysts to support complex and technical production processes. For example, in 2022, there were 1,681 establishments in the U.S. dedicated to specialty chemicals. Additionally, foreign direct investment (FDI) of USD 7.6 billion in 2023 into the paints, coatings, and adhesives sector underlines the expanding market opportunity. Responding to this demand, manufacturers like Stanford Advanced Materials have developed silver catalysts tailored for high-efficiency oxidation reactions, including those used in the production of electronics and pharmaceuticals. These trends collectively highlight how expanding industrial applications and chemical output globally are key drivers of growth for the silver catalyst market.

Growing Electronics Industry to Propel Market Growth

The electronic industry represents a significant market for silver catalysts. This industry uses a lot of catalyst to produce formaldehyde and ethylene oxide, which are then used to make a variety of electronic components like electrical control knobs, computer key tops, household appliance components, and electrical insulating materials. The market is expanding as a result of the growing demand for electronic products, which is driving expansion in the electronic industry. For example, the German Electro and Digital Industry Association's Global Electric Market Outlook 2022 study states that South Korea's electronic industry achieved a volume of USD 218.01 billion in 2020, increasing by 4%.

Restraint Factor for the Silver Catalyst Market

Market Restraint: High Cost, Price Volatility, and Substitutes

One of the primary restraints in the silver catalyst market is the high cost and significant price volatility of silver, which can severely impact production economics. Silver prices are sensitive to global macroeconomic conditions, including trade tensions and monetary policy. For instance, silver surged above $32.30 per ounce amid U.S.-China trade friction and a weakening U.S. dol...

NCDEX: Spot Price: Silver: New Delhi: Second Session data was reported at 94,447.100 INR/kg in 16 May 2025. This records a decrease from the previous number of 94,451.450 INR/kg for 15 May 2025. NCDEX: Spot Price: Silver: New Delhi: Second Session data is updated daily, averaging 75,242.700 INR/kg from Jan 2023 (Median) to 16 May 2025, with 576 observations. The data reached an all-time high of 100,291.250 INR/kg in 28 Mar 2025 and a record low of 61,553.400 INR/kg in 10 Mar 2023. NCDEX: Spot Price: Silver: New Delhi: Second Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

Precious Metal Market Outlook

As of 2023, the global market size for precious metals is valued at approximately $250 billion, and it is projected to reach around $370 billion by 2032, with a compound annual growth rate (CAGR) of 4.3%. This robust growth is driven by several factors, including increasing demand from emerging markets, heightened investment interests, and technological advancements in industrial applications. Precious metals, particularly gold and silver, have long been valued as safe-haven assets, but recent trends indicate a broader scope of applications, which is further fueling market expansion.

The growth of the precious metal market is significantly influenced by the geopolitical climate and economic uncertainties. In times of political instability or economic downturns, investors often turn to precious metals as a means of preserving wealth, which in turn spikes demand. For instance, during periods of inflation or currency devaluation, gold and silver are particularly sought after as they retain intrinsic value. Moreover, central banks around the world have been bolstering their gold reserves, a move that not only stabilizes their own currencies but also adds upward pressure on gold prices, thereby contributing to market growth.

Another notable driver of the precious metal market is the growing industrial demand, especially for metals like silver and platinum. Silver, with its excellent electrical conductivity, is widely used in electronics and solar panels. Meanwhile, platinum finds extensive applications in automotive catalytic converters. As industries adopt greener technologies and renewable energy solutions, the demand for these metals is expected to rise. Additionally, advancements in medical technology and the growing use of silver in antibacterial applications are further broadening the scope of industrial demand for precious metals.

The jewelry sector continues to be a substantial contributor to the precious metal market. Gold and silver jewelry remain highly valued across various cultures, symbolizing wealth and prestige. The rise in disposable income coupled with changing fashion trends in emerging economies is driving the demand for both traditional and contemporary jewelry design, thereby bolstering market growth. Moreover, the increasing influence of online platforms has made luxury jewelry more accessible to a broader audience, further enhancing market reach.

Silver Bullion plays a pivotal role in the investment landscape, offering a tangible asset that investors can physically hold. Unlike digital investments, silver bullion provides a sense of security and ownership that is often appealing during times of economic uncertainty. The demand for silver bullion is influenced by its affordability compared to gold, making it an attractive option for both new and seasoned investors. Additionally, silver bullion is not only a store of value but also a hedge against inflation, protecting purchasing power over time. As global markets fluctuate, the stability and reliability of silver bullion continue to draw interest from a diverse range of investors seeking to diversify their portfolios.

Regionally, Asia Pacific dominates the precious metal market, driven largely by high consumption in countries such as China and India. The cultural affinity towards gold in these regions, especially during festivals and weddings, underpins the demand. Europe and North America also represent significant markets, with a strong focus on investment and industrial applications. Meanwhile, emerging markets in Latin America and the Middle East & Africa are projected to exhibit a higher growth rate due to increasing industrialization and rising disposable incomes.

Type Analysis

The precious metal market is segmented into various types, including gold, silver, platinum, palladium, and others. Gold remains the most prominent segment, accounting for a substantial portion of the market share. Its allure as a hedge against inflation and economic instability makes it a favored choice among investors. Furthermore, gold's intrinsic value and historical significance continue to make it a preferred asset for central banks and institutional investors. The jewelry sector also heavily relies on gold, with countries like India and China leading the demand, driven by cultural and traditional practices.

Silver follows gold in terms of market significance, primarily due to its dual role as both an industrial and inv

As of 2024, Peru had the world's largest silver reserves, at ******* metric tons. Australia had the second-largest silver reserves worldwide at that time, amounting to ****** metric tons. Global silver reserves amounted to a total of ******* metric tons in 2024. Global silver prices and uses In 2023, the average price of silver was ***** U.S. dollars per ounce. As a precious metal, silver is often used for currency as coins, as ornaments, in jewelry, and for silverware. It has the highest electrical and thermal conductivity of any metal, which makes it extremely useful for certain industrial applications, such as electrical contacts and conductors as well as a catalyst in chemical reactions. Top silver producers in the world In 2024, the global mining industry produced an estimated ****** metric tons of silver. Only about 20 percent of silver is produced as primary production, mostly, it is collected as a by-product through the mining of other metals such as copper, lead, zinc, and gold. The leading silver producing countries include Mexico, Peru, and China. As the world's largest silver producing country, several of the world's largest silver mining companies are headquartered in Mexico. Mexico has large silver belts such as the Sierra Madre belt located within the Sierra Madre Occidental mountain range. In Australia, much of its silver is sourced from galena, a silver-bearing lead mineral, hence, Cannington Mine, the largest silver and lead mine in the world, is located in Queensland.

NCDEX: Spot Price: Silver: Ahmedabad: Second Session data was reported at 95,270.000 INR/kg in 16 May 2025. This records an increase from the previous number of 94,800.000 INR/kg for 15 May 2025. NCDEX: Spot Price: Silver: Ahmedabad: Second Session data is updated daily, averaging 75,558.250 INR/kg from Jan 2023 (Median) to 16 May 2025, with 582 observations. The data reached an all-time high of 101,500.000 INR/kg in 28 Mar 2025 and a record low of 61,500.000 INR/kg in 10 Mar 2023. NCDEX: Spot Price: Silver: Ahmedabad: Second Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

The global gold and silver jewelry market is experiencing robust growth, driven by increasing disposable incomes, particularly in emerging economies, and a persistent preference for gold and silver as investment assets and status symbols. The market size in 2025 is estimated at $350 billion USD (a reasonable estimation based on commonly reported market sizes for jewelry and precious metals), exhibiting a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This growth is fueled by several key trends, including the increasing popularity of personalized and designer jewelry, the rise of e-commerce platforms expanding access to a wider consumer base, and the growing influence of social media marketing in shaping consumer preferences. The market is segmented by type (gold jewelry, platinum jewelry, silver jewelry, and others) and application (men's jewelry and women's jewelry). While gold jewelry currently dominates the market, growing awareness of platinum and silver's aesthetic appeal and affordability is expected to drive segment growth in the coming years. However, the market faces certain restraints, including fluctuating gold and silver prices, ethical sourcing concerns, and the impact of economic downturns on consumer spending. The Asia-Pacific region, especially China and India, remains the largest market due to strong cultural associations with gold and silver jewelry, and significant growth opportunities exist in other developing nations. Major players such as Chow Tai Fook, Cartier, and regional brands like Lao Fengxiang are intensely competing for market share through brand building, innovative designs, and strategic partnerships. The increasing focus on sustainability and ethically sourced materials presents a new challenge and opportunity for brands looking to build long-term consumer trust and appeal to the growing segment of conscious consumers. This combination of factors suggests a dynamic and promising outlook for the gold and silver jewelry market over the next decade, albeit one subject to the volatility inherent in the precious metals market and global economic conditions. Further regional diversification and the integration of technology in the design, manufacturing and sales process will be critical to capitalize on the market's growth potential.

NCDEX: Spot Price: Silver: Ahmedabad: First Session data was reported at 96,750.000 INR/kg in 14 May 2025. This records a decrease from the previous number of 97,520.000 INR/kg for 13 May 2025. NCDEX: Spot Price: Silver: Ahmedabad: First Session data is updated daily, averaging 89,166.000 INR/kg from Jan 2024 (Median) to 14 May 2025, with 335 observations. The data reached an all-time high of 101,300.000 INR/kg in 28 Mar 2025 and a record low of 68,819.000 INR/kg in 28 Feb 2024. NCDEX: Spot Price: Silver: Ahmedabad: First Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

Rhodium traded flat at 7,150 USD/t oz. on September 11, 2025. Over the past month, Rhodium's price has remained flat, but it is still 48.19% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rhodium - values, historical data, forecasts and news - updated on September of 2025.

About This Dataset: Copper Prices and Market Trends

    This dataset provides **insights into copper prices**, including current rates, historical trends, and key factors affecting price fluctuations. Copper is essential in **construction**, **electronics**, and **transportation** industries. Investors, traders, and analysts use accurate copper price data to guide decisions related to **trading**, **futures**, and **commodity investments**.

    ### **Key Features of the Dataset**

    #### **Live Market Data and Updates**
    Stay updated with the latest **copper price per pound** in USD. This data is sourced from exchanges like the **London Metal Exchange (LME)** and **COMEX**. Price fluctuations result from **global supply-demand shifts**, currency changes, and geopolitical factors.

    #### **Interactive Copper Price Charts**
    Explore **dynamic charts** showcasing real-time and historical price movements. These compare copper with **gold**, **silver**, and **aluminium**, offering insights into **market trends** and inter-metal correlations.

    ### **Factors Driving Copper Prices**

    #### **1. Supply and Demand Dynamics**
    Global copper supply is driven by mining activities in regions like **Peru**, **China**, and the **United States**. Disruptions in production or policy changes can cause **supply shocks**. On the demand side, **industrial growth** in countries like **India** and **China** sustains demand for copper.

    #### **2. Economic and Industry Trends**
    Copper prices often reflect **economic trends**. The push for **renewable energy** and **electric vehicles** has boosted long-term demand. Conversely, economic downturns and **inflation** can reduce demand, lowering prices.

    #### **3. Impact of Currency and Trade Policies**
    As a globally traded commodity, copper prices are influenced by **currency fluctuations** and **tariff policies**. A strong **US dollar** typically suppresses copper prices by increasing costs for international buyers. Trade tensions can also disrupt **commodity markets**.

    ### **Applications and Benefits**

    This dataset supports **commodity investors**, **traders**, and **industry professionals**:

    - **Investors** forecast price trends and manage **investment risks**. 
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    ### **Copper Price Comparisons with Other Metals**

    Copper prices often correlate with those of **industrial** and **precious metals**:

    - **Gold** and **silver** are sensitive to **inflation** and currency shifts. 
    - **Iron ore** and **aluminium** reflect changes in **global demand** within construction and manufacturing sectors.

    These correlations help traders develop **hedging strategies** and **investment models**.

    ### **Data Variables and Availability**

    Key metrics include:

    - **Copper Price Per Pound:** The current market price in USD. 
    - **Copper Futures Price:** Data from **COMEX** futures contracts. 
    - **Historical Price Trends:** Long-term movements, updated regularly. 

    Data is available in **CSV** and **JSON** formats, enabling integration with analytical tools and platforms.

    ### **Conclusion**

    Copper price data is crucial for **monitoring global commodity markets**. From **mining** to **investment strategies**, copper impacts industries worldwide. Reliable data supports **risk management**, **planning**, and **economic forecasting**.

    For more tools and data, visit the **Money Metals** [Copper Prices Page](https://www.moneymetals.com/copper-prices).

185086 Global export shipment records of Silver Jewellery with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Snapshot img

Precious Metals Market Size 2025-2029

The precious metals market size is forecast to increase by US $105.3 billion, at a CAGR of 6.4% between 2024 and 2029.

Precious metals, including gold, silver, platinum, and palladium, have long been recognized as valuable assets in times of economic instability. Their inherent scarcity and durability make them an attractive investment for businesses and individuals seeking to hedge against inflation and market volatility. The market is a dynamic and evolving entity, influenced by various factors. One significant trend is the growing focus on environmental, social, and governance (ESG) issues. This concern extends to the mining and extraction processes of these metals, leading to increased scrutiny and regulatory oversight. Gold, the most commonly held precious metal, experienced a 23.3% increase in demand from institutional investors in 2020.
This surge can be attributed to a multitude of factors, including geopolitical tensions, currency devaluation, and the ongoing COVID-19 pandemic. Silver, another popular precious metal, is used extensively in industrial applications, particularly in electronics and solar panels. Its demand is influenced by technological advancements and economic conditions. Platinum and palladium, primarily used in the automotive industry for catalytic converters, face demand fluctuations based on the health of the global automotive sector. The market is subject to continuous unfolding activities, with trends and patterns evolving in response to economic, technological, and regulatory developments. As a professional, it is crucial to stay informed and adapt to these changes to make informed decisions.

Major Market Trends & Insights

APAC dominated the market and accounted for a 44% growth during the forecast period.
The market is expected to grow significantly in the US as well over the forecast period.
By the Type, the Gold sub-segment was valued at US $94.40 billion in 2023
By the Application, the Industrial sub-segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Future Opportunities: US $105.3 billion 
CAGR : 6.4%
APAC: Largest market in 2023

What will be the Size of the Precious Metals Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

Precious metals, including platinum and gold, continue to hold significant value in various industries due to their unique properties. Current market performance is marked by a steady increase in demand, with approximately 25% of global production being utilized for industrial applications. Looking ahead, future growth expectations indicate a potential 18% expansion in the market's size. A comparison of key numerical data highlights the significance of these metals. For instance, platinum's high melting point and excellent electrical conductivity make it an essential component in catalytic converters, accounting for around 40% of its total demand. In contrast, gold, with its malleability and resistance to corrosion, is widely used in jewelry and electronics, contributing to a global market value of around 1.7 trillion USD.
These metals' diverse applications and inherent value make them a vital component of numerous industries, with ongoing research and development efforts focusing on refining techniques, metallurgical engineering, and recycling processes to optimize their use and maximize their value.
The Precious Metals Market is driven by advancements in metal refining techniques and sustainable practices like precious metal recycling and precious metal waste management. Innovations such as metallographic analysis enhance quality control in producing high-purity metals, while industries leverage precious metal composites and precious metal coatings for durability and performance. Applications range from precious metal catalysts in chemical processes to gold nanoparticle synthesis in biomedical research. Manufacturing relies on precious metal forming techniques, including precious metal electroforming, alongside advanced metal finishing processes and metal surface treatments. Demand for precious metal concentrates, precious metal compounds, and precious metal salts continues to grow, while precious metal scrap recovery supports sustainability. Specialized uses such as platinum electrode fabrication and silver halide photography highlight the expanding role of precious metals across industries.

How is this Precious Metals Industry segmented?

The precious metals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Gold
  Silver
  Platinum


Application

  Industrial
  Jewelry
  Investment


End-use Industry

  Jewelry Manufacturing
  Automotive (Catal

Snapshot img

Platinum Market Size 2025-2029

The platinum market size is forecast to increase by USD 1.88 billion at a CAGR of 4.5% between 2024 and 2029.

The market witnesses significant growth, driven primarily by the increasing demand for platinum in various industries, with the automobile sector being a key contributor. The automobile industry's focus on reducing emissions and improving fuel efficiency has led to a wave in the adoption of platinum in exhaust systems. However, the market's growth is tempered by the energy-intensive processing of platinum, which increases production costs. Furthermore, regulatory hurdles impact adoption, as stringent environmental regulations limit the use of platinum in certain applications. In the automotive sector, the rising usage of platinum in catalytic converters and other automotive parts and components is driving market growth.
Supply chain inconsistencies also pose a challenge, as the majority of the world's platinum supply comes from South Africa, which is prone to political instability and labor disputes. Companies seeking to capitalize on market opportunities must focus on optimizing production processes and exploring alternative sources of platinum to mitigate these challenges and maintain a competitive edge.

What will be the Size of the Platinum Market during the forecast period?

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Platinum, a rare precious metal in the platinum group, plays a crucial role in various industries, including jewelry and electronics. The jewelry segment accounts for approximately 25% of global platinum demand, while element's application in electronic equipment and catalytic converters drives significant growth. Spanish explorers discovered platinum over five centuries ago, but its modern uses are more diverse. Catalytic converters, a major application, consume around 40% of the world's platinum supply. Regulatory authorities' stricter emission regulations have boosted demand for platinum in this sector. The automotive industry's shift towards electric vehicles may impact the demand for platinum in catalytic converters. The market is a significant component of the market, which also includes palladium, rhodium, and other rare precious metals.
Meanwhile, the chemical sector and fuel cells are emerging applications, with millions of ounces of platinum used in catalysts. Joint ventures and recycling facilities are essential in the circular economy, as platinum can be recovered and reused. The market faces production halts due to unforeseen circumstances, affecting product prices. Platinum's price volatility is influenced by supply and demand dynamics, as well as source insights from South Africa, the world's largest producer. Silver and gold, platinum's sister precious metals, also impact the market, with their prices influencing platinum's price trend. The platinum group metals' application insights extend to the exhaust systems of gasoline engines and the chemical sector's catalysts.
In the face of regulatory pressures and evolving market trends, the market continues to adapt, offering opportunities for businesses to explore.

How is this Platinum Industry segmented?

The platinum industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Automotive
  Jewelry
  Industrial
  Investment


Source

  Primary
  Secondary


Form Factor

  Platinum bars
  Platinum coins


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The automotive segment is estimated to witness significant growth during the forecast period. Platinum, a precious metal, plays a pivotal role in various industries, most notably in the automotive sector. In this context, the hydrogen fuel segment is a significant consumer, as platinum is a key component in hydrogen fuel cells. Meanwhile, in the automotive exhaust segment, platinum is employed in catalytic converters to minimize pollutant emissions, including carbon dioxide and harmful nitrogen oxides. The chemical sector utilizes platinum in catalysts for various processes, while the semiconductor industry relies on it for producing oxygen sensors. In the jewelry segment, platinum is valued for its white, lustrous appearance and durability. The construction sector employs platinum in catalysts for improving fuel efficiency and reducing exhaust emissions in diesel engines. The market is driven by strong demand from various sectors, including the automotive industry and the chemical sector. In recent years, the automotive sector has witnessed a rise in demand due to the increasing adoption of electric vehicles, hybrid vehicles,