Precious Metal Market
Precious Metal Market Analysis by Silver, Gold, and Platinum Group Metals for Jewelry, Industrial, Investments, Dentistry, and Cutlery from 2023 to 2033
Analysis of Precious Metal Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Precious Metal Market Outlook (2023 to 2033)
The global precious metal market size stood at US$ 230 billion in 2022 and is forecasted to reach US$ 445.76 billion by 2033, expanding at a CAGR of 6.2%, as per a study conducted by Fact.MR, a market research and competitive intelligence provider.
The global precious metals industry has emerged as a beacon of stability and value in a world marked by economic uncertainty and market volatility. It has seen significant growth and change in recent years, attracting the attention of both seasoned investors and start-ups looking to capitalize on its enduring appeal.
Precious metals are in the spotlight in the global financial landscape, with investors and institutions turning to these timeless assets as a hedge against economic uncertainty and inflation. They are an appealing option for risk-averse investors because of their ability to preserve wealth and purchasing power. The industrial applications of these metals are expanding, boosting their demand in industries such as electronics, green energy, and healthcare.
Eminent Market Growth Drivers
- Investors are looking for assets that have historically held their value in turbulent times, because of uncertainties and geopolitical tensions.
- Precious metals, particularly gold, are regarded as safe investments, acting as a consistent store of value when fiat currencies and other assets falter.
- Institutions and central banks have become more interested in precious metals, indicating a growing belief in their long-term value. Institutional investment not only increases demand for these metals but also improves market liquidity and visibility.
- The COVID-19 pandemic caused supply chain disruptions and mining challenges, raising concerns about precious metal availability. These disruptions have resulted in supply shortages and, as a result, boosted product demand, driving up prices.
- Technological advancements are broadening the industrial applications of precious metals. Gold and silver, in particular, have found new applications in electronics, renewable energy, and medical devices. These applications present demand and growth opportunities in the precious metals business.
Precious metals are increasingly being included in diversified portfolios by investors to reduce risks and boost overall returns. Precious metal prices often have a negative correlation with traditional asset classes, making them valuable diversification tools.
| Report Attributes | Details |
|---|---|
| Precious Metal Market Size (2022A) | US$ 230 Billion |
| Estimated Market Value (2023E) | US$ 244.26 Billion |
| Forecasted Market Value (2033F) | US$ 445.76 Billion |
| Global Market Growth Rate (2023 to 2033) | 6.2% CAGR |
| Asia Pacific Market Share (2022) | 58% |
| Industrial Segment Market Share (2022) | 45% |
| Gold Segment Market Share (2022) | 81.5% |
| Key Companies Profiled |
|
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What is the Catalyst for the Growth of the Precious Metal Market?
“Rising Demand for Precious Commodities Due to Their Critical Role in Green Energy Generation”
The industrial sector relies on precious metals, particularly silver, platinum, and palladium. These metals are critical components in a wide range of high-tech applications, including electronics, green energy technologies, and medical devices. Silver is a critical component in semiconductors and photovoltaic cells, which are required for the manufacture of electronics and solar panels.
Platinum and palladium act as catalysts in automotive catalytic converters, which are necessary for reducing harmful emissions in vehicles. Demand for these precious metals is increasing as industries continue to evolve and the world transitions to cleaner energy sources and accelerates advanced technology. Consistent consumer interest in these metals helps sustain their demand.
“Use of Precious Metals as Hedges Against Currency Depreciation and Inflation”
Monetary policies implemented by central banks around the world have a significant impact on the precious metal business. The low-interest-rate environment and quantitative easing policies, which involve large amounts of funds being pushed into the financial system, have a substantial influence. These strategies are intended to spur economic recovery and promote several dynamics. They express concern about the depreciation of fiat currencies and the potential for purchasing power erosion. As investors lose faith in the stability of traditional currencies, they seek assets that have historically preserved value, with gold being a prime candidate.
Central banks become buyers of gold, emphasizing its role as a store of value. Investors in the precious metal business closely monitor actions and statements of central banks regarding interest rates and stimulus measures because they provide critical signals about the health of the economy and the attractiveness of these metals as hedges against currency depreciation and inflation. As a result, central bank policies influence not only demand for precious metals but also market sentiment and investment decisions.
Central bank policies, serve as a response to economic uncertainties and market volatility, motivating investors to seek the stability and enduring value offered by precious metals. These factors, together with others, create a dynamic and resilient market that continues to attract attention from investors and institutions alike.
What are the Hindrances to the Sales Growth of Precious Metals?
“Growing Awareness of Environmental Impact of Sourcing Precious Metals”
Open-pit mining and heap leaching can cause deforestation, habitat destruction, soil erosion, and water contamination, raising concerns among investors who prioritize sustainability. Poor working conditions, child labor, and human rights violations in some precious metal mining operations compound environmental concerns, making ethical sourcing and responsible supply chain management critical for socially responsible investors.
Expansion of the precious metal landscape may be constrained by strict environmental regulations, the global move toward green investments, and investor interest in alternatives with smaller environmental footprints. To address these concerns and ensure its long-term viability in an environmentally conscious world, the industry is gradually adopting sustainable practices and transparent supply chains.
Mining companies and the precious metals industry as a whole are increasingly adopting sustainable and responsible mining practices to address these environmental concerns. This shift toward greener and more ethical operations not only addresses environmental constraints but also appeals to a broader base of investors, ensuring the long-term viability of precious metals in an environmentally conscious world.
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What Tactics are Start-ups Resorting to for Substantial Profits?
“Focus on Environment-friendly and Ethical Sourcing Methods”
Start-ups looking to make a name for themselves in the competitive market can use a variety of strategies to gain a competitive advantage and stay ahead of the competition. Specialized precious metal trading platforms, sustainable sourcing and mining practices, and educational resources to inform and empower investors can all be significant differentiators from the rest.
Embracing technology and incorporating fintech can improve operational efficiency, security, and transparency. Use of blockchain for transparent supply chain tracking, provision of digital wallets, and the implementation of smart contracts can all attract tech-savvy investors.
Start-ups can also tailor their offerings to meet the needs of specific investors. Creating gold-backed cryptocurrencies or specialized investment products, for example, can capture niche markets. Given the global nature of the market, international expansion is a critical strategy. Start-ups must look into opportunities in different countries, taking into account differences in regulations, cultural preferences, and market dynamics. Start-ups that use environmentally friendly and ethical sourcing methods, as well as supply chain transparency, can attract socially responsible investors and gain a competitive advantage.
Country-wise Insights
Asia Pacific held 58% of the global precious metal market share in 2022. The market in North America is expected to expand at a CAGR of 6.5% during the forecast period (2023 to 2033).
What are the Factors Driving Demand for Precious Metals in India and China?
“Widespread Use of Precious Metals as Investments”
India and China are the global leaders in the market. India is one of the world's most significant consumers of gold, owing to its strong cultural affinity for the precious metal. Gold holds significant cultural and religious meaning, and it is widely employed in traditional rites and rituals.
This cultural legacy, paired with an expanding middle class, fuels considerable demand for precious metal jewelry as well as investment in the precious metal industry in the form of coins and bars. Festive seasons and weddings, in particular, fuel a substantial chunk of India's gold consumption, thus solidifying the position of the country as a vital player in the precious metal industry.
China, on the other hand, is notable for its dual role as a precious metals consumer and producer. The country is a major producer of gold, silver, and rare earth elements, giving it a prominent position in the supply chain. China plays an important role in the global supply chain for precious metals, making it a key market player. Innovative financial products and investment avenues related to precious metals have emerged in both India and China.
Why is the United States Precious Metal Market Flourishing?
“Well-Developed Financial Infrastructure Enabling Easy Precious Metal Acquisition and Sale”
The United States is poised to be a significant driver for precious metal market growth. The United States has a strong and well-developed financial infrastructure, making it a global hub for investment and trading. The nation is home to many metal dealers, refineries, and financial institutions, which make it easy to acquire and sell precious metals. As global economic uncertainty persists, American investors are increasingly looking to diversify their portfolios with these safe-haven assets.
Monetary and fiscal policies of the United States have a significant impact on the market. Interest rate hikes, inflation, and currency instability can have an impact on investor sentiment and demand for precious metals. Aside from its role as an investment destination, the United States is also a significant consumer of precious metals, particularly in the jewelry and industrial sectors. Demand for gold and silver metal coating in the manufacture of jewelry and various high-tech applications ensures a consistent level of consumption of precious metals, enhancing the vitality of the United States precious metal market.
- According to data released by the United States Geological Survey in 2020, the total production of precious metals in the United States was estimated to be 1195.6 tons.
Category-wise Insights
The industrial application segment held 45% of the market in 2022. Over the next 10 years, the silver segment is expected to expand at a sluggish CAGR of 2.5%.
Why is Gold a Widely Preferred Type of Precious Metal?
“Historical Use of Gold as Safe-haven Investment During Market Volatility”
The gold segment has seen an upsurge in demand in recent years, and it accounted for 81.5% of the market in 2022.
Gold has an unrivaled historical legacy as a store of value and a symbol of wealth. It has universal acceptance and trust, making it the go-to asset during times of economic uncertainty and market volatility. Gold has long been regarded as a safe-haven investment, and this reputation is a powerful driver of its popularity.
Serving as both a monetary asset and an industrial commodity, gold has applications in a variety of industries, including electronics, dentistry, and even space exploration. The accessibility and liquidity of the gold market also contribute to its prominence. Gold can be purchased in a variety of forms, including physical bullion, ETFs, futures contracts, and mining company stocks, precious metal stocks, making it accessible to both individual and institutional investors. The ability to buy and sell gold quickly and efficiently increases its appeal in a volatile market landscape.
- According to a World Gold Council study, global investment demand for gold surged by 40% in 2020 compared to 2019.
Competitive Landscape
The precious metal market is a dynamic and varied field with a wide set of stakeholders. Mining businesses are the backbone of the industry, responsible for the extraction and production of precious metals. Key players in the precious metal market such as Newmont Corporation, Barrick Gold, and Anglo American Platinum play a crucial role in guaranteeing a consistent supply of these metals to the market.
On the retail front, bullion dealers offer a wide choice of precious metal products to investors. The value of these metals in cutting-edge developments grows, strengthening their market significance as technology advances to shape the future of precious metals.
- Barrick Gold announced the extension of the mine life for its Tongon gold project in Côte d'Ivoire in July 2023.
- The remaining 85.1% of GT Gold's shares were purchased by Newmont Corporation in May 2021.
- Barrick Gold Corporation's Loulo-Gounkoto third underground mine began delivering gold in April 2021.
Segmentation of Precious Metal Market Research
-
By Type :
- Silver
- Gold
- Platinum Group Metals
-
By Application :
- Jewelry
- Industrial
- Investment
- Dentistry
- Cutlery
- Others
-
By End Use :
- Electronics
- Medical
- Automotive
- Aerospace
- Oil & Gas
- Others
-
By Region :
- North America
- Europe
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
1. Global Market - Executive Summary 1.1. Global Market Overview 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Fact.MR Analysis and Recommendations 2. Global Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Introduction and Definition 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Precious Metal 3.1.2. COVID-19 Crisis and Impact on Aprotic Solvent Prices 3.1.3. COVID-19 Impact Benchmark with Previous Crisis 3.1.3.1. Change in Demand 3.1.3.2. Before and After COVID-19 Crisis (Projected) 3.1.3.3. Before and After Sub-prime Crisis – 2008 (Actual) 3.1.3.4. Change in Demand post Recovery Period (After Each Crisis) 3.1.4. Impact on Market and Value (US$ Mn) 3.1.4.1. Likely Loss of Value in 2022 3.1.4.2. Mid-term and Long Term Forecast 3.1.4.3. Quarter by Quarter Demand and Recovery Assessment 3.1.5. Anticipated Demand and Value Recovery Curve 3.1.5.1. Likelihood of U-Shape Recovery 3.1.5.2. Likelihood of L-Shape Recovery 3.1.6. Recovery Period Assessment by Key Countries 3.1.7. Recovery Assessment by Key Market Segments 3.1.8. Action Points and Recommendations for Suppliers 3.1.9. Impact on Trade Balance 3.2. Key Trends Impacting the Market 3.3. Formulation and Source Development Trends 4. Market Background and foundation Data Points 4.1. Need of the Hour for Industries 4.2. Industry Wise Industry 4.0 4.3. Strategic Priorities 4.4. Life Cycle Stage 4.5. Importance of Technology 4.6. Use Cases of Precious Metal 4.7. Forecast Factors: Relevance and Impact 4.8. Investment Feasibility Matrix 4.9. PESTLE Analysis 4.10. Porter’s Five Forces Analysis 4.11. Market Dynamics 4.11.1. Drivers 4.11.2. Restraints 4.11.3. Opportunity Analysis 4.11.4. Trend 5. Global Market Demand (US$ Mn) Analysis 2018 to 2022 and Forecast, 2023 to 2033 5.1. Historical Market Value (US$ Mn) Analysis, 2018 to 2022 5.2. Current and Future Market Value (US$ Mn) Projections, 2023 to 2033 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 6.1. Introduction / Key Findings 6.2. Historical Market Value (US$ Mn) Analysis By Type, 2018 to 2022 6.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Type, 2023 to 2033 6.3.1. Silver 6.3.2. Gold 6.3.3. Platinum Group Metals 6.4. Market Attractiveness Analysis By Type 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application 7.1. Introduction / Key Findings 7.2. Historical Market Value (US$ Mn) Analysis By Application, 2018 to 2022 7.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Application, 2023 to 2033 7.3.1. Jewelry 7.3.2. Industrial 7.3.3. Investment 7.3.4. Dentistry 7.3.5. Others 7.4. Market Attractiveness Analysis By Application 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End Use 8.1. Introduction / Key Findings 8.2. Historical Market Value (US$ Mn) Analysis By End Use, 2018 to 2022 8.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By End Use, 2023 to 2033 8.3.1. Electronics 8.3.2. Medical 8.3.3. Automotive 8.3.4. Aerospace 8.3.5. Oil & Gas 8.3.6. Others 8.4. Market Attractiveness Analysis By End Use 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 9.1. Introduction / Key Findings 9.2. Historical Market Value (US$ Mn) Analysis By Region, 2018 to 2022 9.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2023 to 2033 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. East Asia 9.3.5. South Asia & Oceania 9.3.6. Middle East and Africa (MEA) 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 10.1. Introduction / Key Findings 10.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 10.3. Market Value (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033 10.3.1. By Country 10.3.1.1. United States 10.3.1.2. Canada 10.3.2. By Type 10.3.3. By Application 10.4. Market Attractiveness Analysis 10.4.1. By Country 10.4.2. By Type 10.4.3. By Application 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 11.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2023 to 2033 11.3.1. By Country 11.3.1.1. Brazil 11.3.1.2. Mexico 11.3.1.3. Rest of Latin America 11.3.2. By Type 11.3.3. By Application 11.3.4. By End Use 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Type 11.4.3. By Application 11.4.4. By End Use 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 12.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2023 to 2033 12.3.1. By Country 12.3.1.1. Germany 12.3.1.2. France 12.3.1.3. Italy 12.3.1.4. Spain 12.3.1.5. United Kingdom 12.3.1.6. BENELUX 12.3.1.7. Russia 12.3.1.8. Rest of Europe 12.3.2. By Type 12.3.3. By Application 12.3.4. By End Use 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Type 12.4.3. By Application 12.4.4. By End Use 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 13.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2023 to 2033 13.3.1. By Country 13.3.1.1. China 13.3.1.2. Japan 13.3.1.3. South Korea 13.3.2. By Type 13.3.3. By Application 13.3.4. By End Use 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Type 13.4.3. By Application 13.4.4. By End Use 14. South Asia & Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction / Key Findings 14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 14.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2023 to 2033 14.3.1. By Country 14.3.1.1. India 14.3.1.2. Thailand 14.3.1.3. Malaysia 14.3.1.4. Singapore 14.3.1.5. Vietnam 14.3.1.6. ANZ 14.3.1.7. Rest of South Asia & Oceania 14.3.2. By Type 14.3.3. By Application 14.3.4. By End Use 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Type 14.4.3. By Application 14.4.4. By End Use 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction / Key Findings 15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 15.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2023 to 2033 15.3.1. By Country 15.3.1.1. GCC Countries 15.3.1.2. South Africa 15.3.1.3. Israel 15.3.1.4. Rest of Middle East and Africa (MEA) 15.3.2. By Type 15.3.3. By Application 15.3.4. By End Use 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Type 15.4.3. By Application 15.4.4. By End Use 16. Market Structure Analysis 16.1. Market Analysis by Tier of Companies 16.2. Market Concentration 16.3. Market Share Analysis of Top Players 16.4. Market Presence Analysis 17. Competition Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Competition Deep Dive 17.3.1. Newmont Corporation 17.3.1.1. Company Overview 17.3.1.2. Source overview 17.3.1.3. SWOT Analysis 17.3.1.4. Key Developments 17.3.2. Barrick Gold Corporation 17.3.2.1. Company Overview 17.3.2.2. Source overview 17.3.2.3. SWOT Analysis 17.3.2.4. Key Developments 17.3.3. Kinross Gold Corporation 17.3.3.1. Company Overview 17.3.3.2. Source overview 17.3.3.3. SWOT Analysis 17.3.3.4. Key Developments 17.3.4. Newcrest Mining Limited 17.3.4.1. Company Overview 17.3.4.2. Source overview 17.3.4.3. SWOT Analysis 17.3.4.4. Key Developments 17.3.5. Gold Fields Limited 17.3.5.1. Company Overview 17.3.5.2. Source overview 17.3.5.3. SWOT Analysis 17.3.5.4. Key Developments 17.3.6. Freeport-McMoRan 17.3.6.1. Company Overview 17.3.6.2. Source overview 17.3.6.3. SWOT Analysis 17.3.6.4. Key Developments 17.3.7. Polyus 17.3.7.1. Company Overview 17.3.7.2. Source overview 17.3.7.3. SWOT Analysis 17.3.7.4. Key Developments 17.3.8. Randgold & Exploration Company Limited 17.3.8.1. Company Overview 17.3.8.2. Source overview 17.3.8.3. SWOT Analysis 17.3.8.4. Key Developments 17.3.9. AngloGold Ashanti 17.3.9.1. Company Overview 17.3.9.2. Source overview 17.3.9.3. SWOT Analysis 17.3.9.4. Key Developments 17.3.10. Anglo American Platinum Limited 17.3.10.1. Company Overview 17.3.10.2. Source overview 17.3.10.3. SWOT Analysis 17.3.10.4. Key Developments 17.3.11. Impala Platinum Holdings Limited 17.3.11.1. Company Overview 17.3.11.2. Source overview 17.3.11.3. SWOT Analysis 17.3.11.4. Key Developments 17.3.12. First Majestic Silver Corp 17.3.12.1. Company Overview 17.3.12.2. Source overview 17.3.12.3. SWOT Analysis 17.3.12.4. Key Developments 17.3.13. First Quantum Minerals Ltd. 17.3.13.1. Company Overview 17.3.13.2. Source overview 17.3.13.3. SWOT Analysis 17.3.13.4. Key Developments 17.3.14. Fresnillo PLC 17.3.14.1. Company Overview 17.3.14.2. Source overview 17.3.14.3. SWOT Analysis 17.3.14.4. Key Developments 17.3.15. Gabriel Resources Ltd. 17.3.15.1. Company Overview 17.3.15.2. Source overview 17.3.15.3. SWOT Analysis 17.3.15.4. Key Developments 17.3.16. Glencore International AG 17.3.16.1. Company Overview 17.3.16.2. Source overview 17.3.16.3. SWOT Analysis 17.3.16.4. Key Developments 17.3.17. Harmony Gold 17.3.17.1. Company Overview 17.3.17.2. Source overview 17.3.17.3. SWOT Analysis 17.3.17.4. Key Developments 17.3.18. Lundin Mining Corporation 17.3.18.1. Company Overview 17.3.18.2. Source overview 17.3.18.3. SWOT Analysis 17.3.18.4. Key Developments 17.3.19. Pan American Silver Corporation 17.3.19.1. Company Overview 17.3.19.2. Source overview 17.3.19.3. SWOT Analysis 17.3.19.4. Key Developments 17.3.20. The Perth Mint 17.3.20.1. Company Overview 17.3.20.2. Source overview 17.3.20.3. SWOT Analysis 17.3.20.4. Key Developments 18. Assumptions and Acronyms Used 19. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 02: Global Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 07: Global Market Value (US$ Mn) Analysis, by End Use, 2018 to 2022
Table 08: Global Market Value (US$ Mn) Analysis, by End Use, 2023 to 2033
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2023 to 2033
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2018 to 2022
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2023 to 2033
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2023 to 2033
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 16: North America Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 17: North America Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 19: North America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 20: North America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 22: North America Market Value (US$ Mn) Analysis, by End Use, 2018 to 2022
Table 23: North America Market Value (US$ Mn) Analysis, by End Use, 2023 to 2033
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2023 to 2033
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 28: Latin America Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 29: Latin America Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 31: Latin America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 32: Latin America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 34: Latin America Market Value (US$ Mn) Analysis, by End Use, 2018 to 2022
Table 35: Latin America Market Value (US$ Mn) Analysis, by End Use, 2023 to 2033
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2023 to 2033
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 40: Europe Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 41: Europe Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 43: Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 44: Europe Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 46: Europe Market Value (US$ Mn) Analysis, by End Use, 2018 to 2022
Table 47: Europe Market Value (US$ Mn) Analysis, by End Use, 2023 to 2033
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2023 to 2033
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 52: East Asia Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 53: East Asia Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 55: East Asia Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 56: East Asia Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 58: East Asia Market Value (US$ Mn) Analysis, by End Use, 2018 to 2022
Table 59: East Asia Market Value (US$ Mn) Analysis, by End Use, 2023 to 2033
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by End Use, 2023 to 2033
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by End Use, 2018 to 2022
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by End Use, 2023 to 2033
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by End Use, 2023 to 2033
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 76: MEA Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 77: MEA Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 79: MEA Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 80: MEA Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 82: MEA Market Value (US$ Mn) Analysis, by End Use, 2018 to 2022
Table 83: MEA Market Value (US$ Mn) Analysis, by End Use, 2023 to 2033
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2023 to 2033
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 04: Global Market Incremental $ Opportunity, 2023 to 2033
Figure 05: Global Market Share and BPS Analysis by Type, 2023 & 2033
Figure 06: Global Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 07: Global Market Attractiveness Analysis by Type, 2023 to 2033
Figure 08: Global Market Share and BPS Analysis by Application, 2023 & 2033
Figure 09: Global Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 11: Global Market Share and BPS Analysis by End Use, 2023 & 2033
Figure 12: Global Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 14: Global Market Share and BPS Analysis by Region, 2023 & 2033
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2033
Figure 20: North America Market Incremental $ Opportunity, 2023 to 2033
Figure 21: North America Market Share Analysis by Country, 2023 & 2033
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 24: North America Market Share and BPS Analysis by Type, 2023 & 2033
Figure 25: North America Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 26: North America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 27: North America Market Share and BPS Analysis by Application, 2023 & 2033
Figure 28: North America Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 29: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 30: North America Market Share and BPS Analysis by End Use, 2023 & 2033
Figure 31: North America Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 32: North America Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 36: Latin America Market Incremental $ Opportunity, 2023 to 2033
Figure 37: Latin America Market Share Analysis by Country, 2023 & 2033
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 39: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 40: Latin America Market Share and BPS Analysis by Type, 2023 & 2033
Figure 41: Latin America Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 42: Latin America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 43: Latin America Market Share and BPS Analysis by Application, 2023 & 2033
Figure 44: Latin America Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 45: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 46: Latin America Market Share and BPS Analysis by End Use, 2023 & 2033
Figure 47: Latin America Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 48: Latin America Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 52: Europe Market Incremental $ Opportunity, 2023 to 2033
Figure 53: Europe Market Share Analysis by Country, 2023 & 2033
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 55: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 56: Europe Market Share and BPS Analysis by Type, 2023 & 2033
Figure 57: Europe Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 58: Europe Market Attractiveness Analysis by Type, 2023 to 2033
Figure 59: Europe Market Share and BPS Analysis by Application, 2023 & 2033
Figure 60: Europe Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 61: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 62: Europe Market Share and BPS Analysis by End Use, 2023 & 2033
Figure 63: Europe Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 64: Europe Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 68: East Asia Market Incremental $ Opportunity, 2023 to 2033
Figure 69: East Asia Market Share Analysis by Country, 2023 & 2033
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 71: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 72: East Asia Market Share and BPS Analysis by Type, 2023 & 2033
Figure 73: East Asia Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 74: East Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 75: East Asia Market Share and BPS Analysis by Application, 2023 & 2033
Figure 76: East Asia Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 77: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 78: East Asia Market Share and BPS Analysis by End Use, 2023 & 2033
Figure 79: East Asia Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 80: East Asia Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2023 to 2033
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2023 & 2033
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Type, 2023 & 2033
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Type, 2023 to 2033
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Application, 2023 & 2033
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 94: South Asia & Oceania Market Share and BPS Analysis by End Use, 2023 & 2033
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 96: South Asia & Oceania Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 100: MEA Market Incremental $ Opportunity, 2023 to 2033
Figure 101: MEA Market Share Analysis by Country, 2023 & 2033
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 103: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 104: MEA Market Share and BPS Analysis by Type, 2023 & 2033
Figure 105: MEA Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 106: MEA Market Attractiveness Analysis by Type, 2023 to 2033
Figure 107: MEA Market Share and BPS Analysis by Application, 2023 & 2033
Figure 108: MEA Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 109: MEA Market Attractiveness Analysis by Application, 2023 to 2033
Figure 110: MEA Market Share and BPS Analysis by End Use, 2023 & 2033
Figure 111: MEA Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 112: MEA Market Attractiveness Analysis by End Use, 2023 to 2033
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- FAQs -
Which segment held a leading share of the precious metal market in 2022?
The gold segment accounted for 81.5% share of the precious metal market in 2022.
What is the sales value of precious metals in 2023?
Worldwide sales of precious metals stand at US$ 244.26 billion in 2023.
What is the demand projection for precious metals by 2033?
Demand for precious metals is forecasted to reach a market value of US$ 445.76 billion by 2033-end.
What is the sales growth projection for precious metals?
Sales of precious metals are forecasted to rise at a CAGR of 6.2% through 2033.
At what rate is the North American market predicted to grow?
The market in North America is projected to expand at a CAGR of 6.5% over the forecast period.
Precious Metal Market