According to the latest market study released by Technavio,
precious metals market is projected to grow to 1,757.4
million ounces by 2021, at a CAGR of more than 4% over the forecast
This Smart News Release features multimedia. View the full release here:
Technavio has announced the release of their 'Global Precious Metals Market 2017-2021' report. (Graphic: Business Wire)
This research report titled 'Global
Precious Metals Market 2017-2021' provides an in-depth analysis
of the market in terms of revenue and emerging market trends. This
market research report also includes up to date analysis and forecasts
for various market segments and all geographical regions.
Request a sample report: https://www.technavio.com/request-a-sample?report=56102
Technavio's sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
Based on product type, the report categorizes the global precious metals
market into the following segments:
The top three revenue-generating product segments in the global precious
metals market are discussed below:
"Silver dominates the precious metals market and holds over
85% of the global shares. This metal is in high demand for various
industrial applications, in jewelry making, and for investment purposes,"
says Mahitha Mallishetty, a lead analyst in Technavio for metals
and minerals research.
The global silver market is mainly driven by the growing usage of silver
in photovoltaic devices and jewelry, from countries such as the US,
China, India, Japan, and Russia. Apart from the above-mentioned
applications, it is also used in the fashion and glass industries.
Gold is the second most popular product of the global precious
metals market, projected to reach 210.2 million ounces by 2021. The high
demand for this metal from East Asia, India, and the Middle East will be
responsible for the growth of the market segment over the forecast
period. Other factors that are likely to influence the global gold
market include the above-ground supply of gold from central banks' sale,
official gold loans, hedging interests of producers, the construction of
new production facilities or processes, unexpected mine or plant
closures, and industry restructuring.
"Most of the demand for palladium originates from the autocatalyst
sector, which is used in the expanding automotive output from swiftly
developing nations such as India and China. The jewelry industry also
creates a significant demand for palladium," says Mahitha.
Region wise, Europe, Japan, and North America create moderate demand for
palladium. Other important industries where palladium is used include
electrical, dental, chemical, and investment sectors.
The top vendors highlighted by Technavio's research analysts in this
Browse Related Reports:
Become a Technavio
Insights member and access all three of these reports for a
fraction of their original cost. As a Technavio Insights member, you
will have immediate access to new reports as they're published in
addition to all 6,000+ existing reports covering segments like glass
and ceramics, industrial
gases, and olefins.
This subscription nets you thousands in savings, while staying connected
to Technavio's constant transforming research library, helping you make
informed business decisions more efficiently.
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.
If you are interested in more information, please contact our media team
View source version on businesswire.com: http://www.businesswire.com/news/home/20170413005154/en/
[ Back To NFVZone's Homepage ]