Global Precious Metal Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Gold, Silver, and Platinum Group Metals (PGM).

By Application;

Jewelry, Industrial, and Investment.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn484067373 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Precious Metal Market (USD Million), 2021 - 2031

In the year 2024, the Global Precious Metal Market was valued at USD 279,788.49 million. The size of this market is expected to increase to USD 518,069.85 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.2%.

The global precious metal market encompasses a dynamic landscape shaped by various factors, including economic trends, industrial demands, and geopolitical influences. Precious metals such as gold, silver, and platinum group metals (PGM) hold significant value due to their rarity, intrinsic properties, and diverse applications across industries. This market is characterized by regions with strong manufacturing sectors, vibrant jewelry industries, and emerging economies driving demand.

Asia Pacific emerges as a dominant force in the global precious metal market, led by powerhouse economies like China and India. These countries drive substantial demand for gold and PGM, fueled by their robust manufacturing sectors and thriving jewelry industries. North America follows suit, benefitting from abundant silver resources in Mexico and a strong manufacturing base in the United States and Canada.Challenges persist in Europe, where slowdowns in industrial and jewelry sectors hamper market growth. The global precious metal market presents a dynamic landscape characterized by shifting demand patterns, evolving consumer preferences, and geopolitical developments, influencing market dynamics and opportunities for stakeholders across the supply chain.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Precious Metal Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial demand rise
        2. Jewelry demand growth
        3. Investment uptick
        4. Rising income spurs lifestyle change
      2. Restraints
        1. Price fluctuations
        2. Environmental concerns
        3. Variable metals prices hinder growth
      3. Opportunities
        1. Mining technlogical advances
        2. Emerging market potential
        3. Sustainable sourcing trend
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Precious Metal Market, By Product, 2021 - 2031 (USD Million)
      1. Gold
      2. Silver
      3. Platinum Group Metals (PGM)
    2. Global Precious Metal Market, By Application, 2021 - 2031 (USD Million)
      1. Jewelry
      2. Industrial
      3. Investment
    3. Global Precious Metal Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Freeport-McMoRan
    2. Polyus
    3. Newmont Corporation
    4. Gold Fields Limited
    5. Randgold & Exploration Company Limited
    6. Barrick Gold
    7. AnglogoldAshanti
    8. Kinross Gold Corporation
    9. Newcrest Mining Limited
    10. K92 Mining Inc
  7. Analyst Views
  8. Future Outlook of the Market