The research report on the Global Precious and Base Metals Market is formulated with insightful data that will help the established companies and new entrants to analyze the business trends and capitalize on investment strategies. The Precious and Base Metals Market is analyzed with an aim to provide assistance to the readers to gain maximum returns on the investment and to enable an informed decision-making process.
The global precious and base metals market size reached USD 722.40 Billion in 2021 and is expected to register a revenue CAGR of 12.5% during the forecast period, according to latest analysis by Emergen Research. Rapid advancements in manufacturing technologies as well as increasing demand for high-performance base and precious metals from jewelry companies are major factors driving the market revenue growth. Precious metal additive manufacturing primarily based on laser beam powder bed fusion technology is gaining traction in the jewelry industry. Increasing application of precious and base metals in jewelry and watch-making activities is primarily attributed to their strong corrosion and thermal wear resistance properties.
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Some major players in the market include Alcoa Corporation, Anglo American, BHP, Antofagasta plc, Freeport-McMoRan, First Quantum Minerals Ltd., Glencore, Lundin Mining Corporation, Rio Tinto, and Teck Resources Limited.
Covid impact analysis:
The report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments.
Scope of the Global Precious and Base Metals Market Report
The report performs an accurate estimation of the growth prospects of the different market segments by studying the current market scenario, past performance, demand and supply ratio, production, consumption, sales, and revenue generation of the key players in the upcoming years. The market segmentation provides a 360° view of the Precious and Base Metals Market industry, which turns out to be beneficial for readers interested in this sector.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Precious and Base Metals Market
- Critical understanding of the key Precious and Base Metals Market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the Precious and Base Metals Market
Emergen Research has segmented global precious and base metals market on the basis of base metal, precious metal, end-use, and region:
· Base Metal Outlook (Revenue, USD Billion; 2019-2030)
· Precious Metal Outlook (Revenue, USD Billion; 2019-2030)
- Platinum Group Metals (PGM)
· End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Automotive and Transportation
- Consumer Goods
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- The latest report broadly categorizes the global Precious and Base Metals Market into several geographical terrains, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- The study is inclusive of essential information relevant to each region in this broad industry segment, along with the key drivers of the regional market growth.
- The report further estimates the revenue accumulated by these regions over the forecast period.
- The latest research report studies the major market players, their regional presence, industry share, and production facilities.
- The report offers significant data pertaining to these market competitors’ company profiles, product types, and application outlook.
- Moreover, the pricing models and gross margins of these industry majors have also been mentioned in the report.
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About Emergen Research :
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a ‘Circular Economy,’ fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies.