The latest study on the Precious and Base Metals Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 - 2032 . The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic.The report considers 2017-2018 as historical years, 2019 as the base year, and 2020- 2032 as the forecast timeline. The report offers strategic recommendations to the key stakeholders and investors to help them ascertain maximum returns on their investments and formulate new strategic business plans.
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
Key participants include
Alcoa Corporation, Anglo American, BHP, Antofagasta plc, Freeport-McMoRan, First Quantum Minerals Ltd., Glencore, Lundin Mining Corporation, Rio Tinto, and Teck Resources Limited.
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Drivers:
Several factors drive the demand for precious and base metals. Economic growth and industrialization stimulate demand for base metals such as copper, aluminum, and nickel, which are essential raw materials in manufacturing, construction, and infrastructure projects. Additionally, the increasing adoption of renewable energy technologies, electric vehicles, and electronic devices drives demand for metals like lithium, cobalt, and rare earth elements, which are critical components in batteries and electronics. Moreover, precious metals like gold and silver serve as safe-haven assets during times of economic uncertainty and inflation, attracting investment and driving demand for physical and paper-based precious metal products.
Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
Key Objectives of the Global Precious and Base Metals Market Report:
- An all-inclusive analysis and forecast estimation of the market have been included in this report.
- The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Precious and Base Metals Market
- and its leading players.
- The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
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Restraints:
Despite the positive demand outlook, the precious and base metals market faces several challenges. Price volatility is a significant concern, driven by factors such as geopolitical tensions, currency fluctuations, and speculative trading. Additionally, environmental and regulatory concerns related to mining operations, including environmental degradation, water usage, and community impacts, pose challenges for metals producers. Moreover, the transition to a low-carbon economy and increasing focus on sustainable sourcing practices require metals producers to invest in cleaner and more efficient production methods, which may increase costs and affect profitability.
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)
- Copper
- Lead
- Aluminum
- Others
· Precious Metal Outlook (Revenue, USD Billion; 2019-2030)
- Gold
- Silver
- Platinum Group Metals (PGM)
· End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Automotive and Transportation
- Consumer Goods
- Others
Regional Overview:
The global Precious and Base Metals Market market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Precious and Base Metals Market market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
Global Precious and Base Metals Market Report – Table of Contents:
- Chapter 1 includes the global Precious and Base Metals Market market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
- Chapter 2 broadly categorizes the Precious and Base Metals Market market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
- Chapter 3 elaborates on the competitive outlook of the Precious and Base Metals Market market, focusing on the major manufacturers and vendor landscape.
- Chapter 4 exhaustively studies the key manufacturers of the Precious and Base Metals Market industry, along with their anticipated sales and revenue shares.
- Chapters 5 includes market segmentation based on product type, application range, and market players.
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
