The global precious metals market size was USD 261.94 billion in 2020. The industry is expected to expand from USD 275.40 billion in 2021 to USD 403.08 billion in 2028, exhibiting a CAGR of 5.6% from 2021 to 2028. The rise can be credited to increasing disposable incomes and changing lifestyle choices across various regions. Information Source - https://www.fortunebusinessinsights.com/precious-metals-market-105747 Segments: Gold Segment to Register Notable Growth Due to Escalating Disposable Income Based on type, the market for precious metals is segmented into silver, gold, and platinum group metals. The gold segment is expected to record commendable expansion over the forecast period. The rise can be attributed to the surging disposable income and escalating knowledge regarding investments among consumers. Based on region, the industry is subdivided into Europe, Asia Pacific, North America, South America, and the Middle East & Africa. Industrial Segment to Record Commendable Surge Impelled by Growing Silver Demand Based on application, the industry for precious metals is fragmented into jewelry, industrial, investments, and others. Of these, the industrial segment is anticipated to depict considerable growth over the estimated period. The expansion can be credited to the surging silver demand from photovoltaic manufacturers. The segmental growth is further being driven by the rising demand for solar panels. Report Coverage: The report provides an in-depth analysis of the major trends that are expected to drive business growth over the forthcoming years. It further gives a comprehensive coverage of the key factors anticipated to impel the industry landscape across various regions. Additional aspects of the report comprise the significant steps taken by leading companies for the consolidation of their market position. Drivers and Restraints: Market Value to Surge Driven by Changing Lifestyle Choices & Surging Disposable Income Precious metals market growth is primarily being impelled by the changing lifestyle choices and surging disposable income. This is further being supplemented by the escalating significance of jewelry in the wedding ceremonies of India, China, and other South Asian countries. Besides, gold is considered as a safe haven for investment. However, the industry growth is likely to be hindered by a range of factors such as government reserves, geopolitical uncertainties, inflation, currency fluctuations, and others. Regional Insights: Asia Pacific to Emerge as Major Region Due to Presence of Electronics & Electrical Industry in the Region Asia Pacific precious metals market share is anticipated to register substantial growth through the forecast period. The surge can be credited to the presence of the largest electronics & electrical industry in the region. Further, India and China are key consumers of gold, which is expected to favor industry expansion to a considerable extent. The North America region is set to record commendable expansion over the estimated period. The rise can be attributed to robust manufacturing capabilities in the U.S. and the presence of precious mineral mines in the region. Competitive Landscape: Market Players Enter Partnership Agreements to Strengthen Industry Presence Leading companies are striking partnership deals and collaborations to strengthen their market presence. Several industry participants are focusing on a range of strategies including mergers, acquisitions, and the launch of new products to secure a competitive edge. Some of the additional initiatives include surging participation in trade fairs and conferences. Key Industry Development: May 2021 – Newmont Corporation acquired GT Gold to strengthen its portfolio. The deal comprised the Tatogga project, which would contribute to the production of gold and copper. List of Key Players Mentioned in the Report: Newmont Corporation (U.S.) Barrick Gold Corporation (Canada) AngloGold Ashanti Limited (South Africa) Kinross Gold Corporation (Canada) Newcrest Mining Limited (Australia) Gold Fields Limited (South Africa) Freeport-McMoRan (U.S.) PJSC Polyus (Russia) Anglo American Platinum Limited (South Africa) Impala Platinum Holdings Limited (South Africa)

Hey everyone ! You're looking for the best supplement foer pre workout, You have come to the right place. Svelte Lifestyle Supplements provides the best supplement for you. Buy now & get 30% off using the Svelte Lifestyle Supplements Coupon Code. https://scoopcoupons.com/store/svelte-lifestyle-supplements-coupons/

Looking for organic bitter raw apricot seeds? If yes, Apricot Power has a wide collection of apricot powder or many types of apricot seeds at a reasonable cost. So, Buy the products and apply the Apricot Power Coupon Code to get a 30% off on stuff. #shorts #apricotseeds #apricotsupplements #appricotpowder #healthcare #health https://scoopcoupons.com/store/apricot-power-coupons/

We offer bodybuilding supplements and SARMs at the best price. Grab the best deals and offers with Chemyo Coupon Code and save money on your order. You will also find pre-workout supplements and fat burners in our store. https://scoopcoupons.com/store/chemyo-coupons/

Looking for the best way to make your life healthy and skin solutions? If yes, Great Lakes Wellness offers high quality collagen hydrolysate and gelatin supplements. Also, apply the Great Lakes Wellness Coupon Code and get exciting offers on supplements. https://scoopcoupons.com/store/great-lakes-wellness-coupons/

Sunscreen protects your skin from sunlight. So it is the best way to get moisturized skin with the best quality skincare and organic supplements. Shop for the skincare and supplements now and use the 3rd Rock Essentials Coupon Code and get 30% off. https://scoopcoupons.com/store/3rd-rock-essentials-coupons/

The best body supplement is required, right? In such a case, Tim Tam is the ideal location for you. They offer the best dietary supplement. Use the Tim Tam coupon code to receive a 30% discount. https://scoopcoupons.com/store/tim-tam-coupons/

Are you looking for the best highest potential wellness supplement? You have come to the right place. Visit the Nasted-Naturals store. Buy now & get 30% off using the Nested-Naturals Coupon Code. #health, #supplement, #offer, #2023 https://scoopcoupons.com/store/nested-naturals-coupons/