New York, NY, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Precious Metals Market By Type (Gold, Silver, Platinum, Palladium, Others) and By End-User (Individual, Broker): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026” in its research database
“According to the latest research study, the demand of global Precious Metals Market size & share expected to reach to USD 450 Billion by 2026 from USD 290 Billion in 2019, at a compound annual growth rate (CAGR) of 6% during the forecast period 2020 to 2026”
Global Precious Metals Market: Overview
The precious metals are a metallic element that is natural, rare, and difficult to find. Due to their rarity, precious metals have high economic value. Precious metals are solid at room temperature and possess high luster and are usually ductile. They are good conductors of electricity and heat. Predominantly they are referred to as an investment. They are less reactive than other elements. Platinum and gold are prominent metals while silver and other metals are used in industrial applications. All these metals are well known due to their use in art and jewelry.
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Our Free Sample Report Includes:
- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
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- 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Industry Major Market Players
- AvaTrade
- XM Global Limited
- XTB
- Pepperstone
- AxiTrader
- EToro Ltd.
- Forex.com
- Plus500 Ltd.
- Henyep Capital Markets (HYCM)
- iForex
- Goodwill Wealth Management Private Limited
To know an additional revised list of 2020-2021 top market players, request a sample report: https://www.fnfresearch.com/sample/precious-metals-market-by-type-gold-silver-platinum
Key questions answered in this report:
- What is the projected market size & growth rate of Precious Metals Market?
- What are the key driving factors for the growth of Precious Metals Market?
- What are the top companies operative in Precious Metals Market?
- What segments are covered in Precious Metals Market?
- How can I get free sample report/company profiles of Precious Metals Market?
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Due to increasing uncertainty in the market, most stockholders are looking for a safe haven in the precious metals commodity. Growing mining sectors are expected to boom the precious metals market. The growing use of precious metals in several industries such as electronics, chemical, jewelry, automotive, oil, and gas, etc. is driving precious metals market growth. Growing consumption of gold and platinum is the major driver of the market. Precious metals are very expensive, if they are not polished properly, they become impure and may lose their luster and make them dull. This factor may curb the growth of the market. Illegal gold mining, political instability may impede market growth. The use of metals such as gold, silver, platinum, etc. in the jewelry, and in investment offers a lucrative opportunity for market growth.
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Global Precious Metals Market: Report Scope
Report Attribute | Details |
Market Size 2019 Value | USD 290 Billion |
Market Forecast for 2026 | USD 450 Billion |
Expected CAGR Growth | CAGR 6% from 2020-2026 |
Base Year | 2020 |
Forecast Year | 2020-2026 |
Top Market Players | AvaTrade, XM Global Limited, XTB, Pepperstone, AxiTrader, EToro Ltd., Forex.com, Plus500 Ltd. and Others |
Segments Covered | Types, End-users, Applications & Regions |
Geographies Covered | North America, Europe, Asia Pacific, Latin America and Middle East & Africa |
Pricing Options | Request customized purchase options to meet your research needs. Explore purchase options |
By type segment, the precious metals are divided into gold, silver, platinum, palladium, and others. Among these, the gold category highly penetrated the market in 2019, it accounted for more than 40% market share of the global precious metals market. Gold was followed by silver and platinum in 2019. Furthermore, the silver category is expected to grow with high demand globally throughout the estimated period 2020-2026.
By end-user, the global precious metals market is classified into individual, and broker. The individual segment is anticipated to grow in the near future. Increasing interest and knowledge of customers regarding trading is supporting the segment growth. Growing awareness regarding investments and stocks among the people is increasing the customer base for the individual application segment.
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The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the precious metals market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the precious metals market.
The research study provides a critical assessment of the precious metals industry by logically segmenting the market on the basis of type, end-user, and regions. Based on the past, present, and future trends, all the segments were analysed from the bottom up, and the market sizes have been estimated from 2020 to 2026.
Precious metals occur naturally and very rare metallic elements that have important economic value. By property, they are lustrous, malleable, and good conductors of electricity and heat. Generally, metals are solid at room temperature. Precious metals are industrial product and it is primarily considered as an investment. Gold and platinum are some of the most well-known precious metals of the industry. While the coinage metal and silver are used in industrial applications, such as jewelry, and art.
By geography, the Asia-pacific region dominated the global precious metals market in 2019. The Asia-pacific region was valued at around USD 140 billion in 2019, owing to the rising demand for gold and silver in various countries of this region. Low-interest rates and negative yields, with stringent monetary policies in developing and developed countries may project the precious metals market’s growth.
Browse the full “Precious Metals Market By Type (Gold, Silver, Platinum, Palladium, Others) and By End-User (Individual, Broker): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026" report at https://www.fnfresearch.com/precious-metals-market-by-type-gold-silver-platinum
This report segments the precious metals market as follows:
Global Precious Metals Market: By Type Analysis
- Gold
- Silver
- Platinum
- Palladium
- Others
Global Precious Metals Market: By End-User Analysis
- Individual
- Broker
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