The platinum group metals (PGMs), platinum, palladium and rhodium, have
significant catalytic properties. Additionally, platinum metals possess natural
beauty which makes them a valuable jewelry item in many parts of the world.
Future demand for PGMs is expected to be heavily influenced by the automobile
industry, while jewelry demand for platinum is expected to see significant
growth among the key economies of Asia, such as China. Demand for platinum
metals in industrial applications is also expected to rise along with the
growing global economy.
Rising PGM prices which have
occurred in recent decades have led to an increase in the recycling of these
metals, which are used in automobile catalytic converters and electronic
components. The recycling of PGMs usually starts with scrap refiners that
collect scrap material such as waste catalytic converters and electronic parts
that contain PGMs to extract the valuable metals. Other refiners usually buy the recovered PGM
material to further upgrade the quality of the recycled material.
The demand for recycled platinum
metals is expected to continue to increase in the coming years as new
technologies which rely on the catalytic properties of PGMs, such as fuel
cells, become more widely used the world over.
Goals and Objectives
report has been prepared to focus on the many new developments that have been
taking place in the PGM refining industry. Many of the market application
sectors are mature, while others are growing at a good pace. Secondly, there
are new applications for PGMs on the horizon, such as new electronic devices
and fuel cell technology. These have created the need to make a proper analysis
of market and business issues, trends in PGM recycling, and U.S. markets as
well as foreign competition.
report has been prepared to:
Analyze the global economic and technological trend impacting the demand for recycled platinum metals;
Determine the current size and future growth of
the U.S. markets for platinum metal refining;
Identify and profile all U.S. refiners and
suppliers of recycled platinum; and
Identify the foreign refiners of PGMs.
Contributions of the Study
study covers the technical and industry overviews, materials, current and
emerging production methods, business and industry issues, current and emerging
applications, and an extensive market analysis. Current size and future growth
of the U.S. markets are estimated for 2013 and 2018.
SCOPE AND FORMAT
report reviews the platinum metals refining industry, the types of platinum
materials, their applications, and current and anticipated demand for specific
metals. For each material segment, the report provides an analysis of material
and product types in that category, processing technologies, properties,
applications, the U.S. markets and foreign competition.
qualitative and quantitative judgments embodied in this report are a valuable
contribution to the current knowledge of platinum metals, their production
processes, applications and markets. Moreover, this study has been conducted at
a vital stage when new applications hold the potential to revolutionize the
This is a consequence of the expanding
utilization of electronic components – computers, fuel cells etc. – that often
require the catalytic properties of platinum group metals. This current study
identifies all such applications.
TO WHOM THE STUDY CATERS
report is directed to companies that are interested in developments in this
field, such as:
Companies involved in the recovery, processing
and supplying of precious metals,
Refiners and suppliers of platinum metals,
Manufacturers and suppliers of systems and
subsystems which incorporate platinum metals,
Manufacturers and suppliers of materials used in
the refining of precious metals,
Importers and suppliers of precious metals,
Users of platinum group metals, and
Precious metal recovery companies interested in
platinum group metals (PGMs) recycling industry has sustained growth in the
last decade and is likely to continue this growth into the next decade because
of the increasing value of PGMs and an expansion of technologies which depend
on their physical properties. Economic growth in China, India Brazil and
elsewhere has fostered a global increase in the use of automobiles, electronic
devices and jewelry, all of which use recycled platinum metals. Additionally, within the industry, there has
been growing innovation over the past decade in the technologies of PGM
global market is expected to undergo about 8.2% growth. Worldwide growth has
the potential to expand from $6 billion in 2013 to about $9 billion by 2018.
Major findings of this report:
- The Asian region offers
the greatest opportunities for growth, a trend that is expected to
continue through 2018. Asia is
expected to exhibit growth that exceeds some of the world’s most vibrant
markets in the Americas and Europe by expanding at a rate of approximately
- The Americas recycled
platinum metals market, led by the U.S., is expected to grow at a good
rate in the coming years, while at the same time being one of the world’s
key sources of recycled platinum metals. Between the years of 2013 to
2018, demand in the Americas will increase by a rate of some 7.5%.
- This study also reveals
that Europe will likely experience positive growth, estimated at 7.7%. The
magnitude of the demand for these recycled precious metals in Europe in
the year 2018 is expected to be significantly greater than the current
European community market size.
- Total demand in the
emerging market regions of Middle East and Africa, added up to roughly
$267.6 million in the Middle East and about $207.3 million in Africa
during the year 2013, Additionally, we expect that during the coming five
years, these emerging markets will see a strong surge in the demand for
recycled platinum metals.
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Published: March 2014
Report ID: MT-101