PGM（白金族金属）の世界市場-2024-2031年

概要

世界のPGM（白金族金属）市場は2023年に321億米ドルに達し、2031年には413億米ドルに達すると予測され、予測期間2024-2031年のCAGRは3.2%で成長します。

電池技術の進歩と電気自動車用の新しい電池化学物質の開発は、予測期間中の世界市場成長を促進する重要な要因です。コバルト白金ナノ材料合金は、電気自動車用電池の性能効率を高めるために研究されています。

世界のPGM（白金族金属）市場の長期的成長の可能性は、主要生産者の増産失敗によって阻まれています。PGM（白金族金属）価格が暴落しているため、多くの生産者は不採算鉱山を閉鎖しており、世界の需要増加を支えるために新規鉱山の探査と開発に多額の資本投資を行うことをためらっています。

ダイナミクス

厳しい排出規制の採用

現在、世界の動向は脱炭素化に向かっていますが、その効果が顕著になるにはまだ20年はかかると予想されます。その一方で、各国政府は道路交通からの汚染物質と炭素排出を大幅に抑制するため、厳しい排ガス規制を制定しています。

触媒コンバーターは、自動車の汚染防止に使用される主要な装置です。触媒コンバーターは、触媒の存在下での酸化還元反応によって、自動車の毒性の高い排気ガスを無害なガスに変換します。触媒はPGM（白金族金属）のロジウムまたはパラジウムです。

最新の自動車にはすべて触媒コンバーターが装着されています。多くの旧型車も、新しい排ガス規制で不適格になるのを防ぐため、触媒コンバーターを後付けしています。厳しい排ガス規制の採用の増加は、世界のPGM（白金族金属）市場の成長を促進すると予想されます。

新しいがん治療法の開発

化学療法抵抗性のがんの症例は、過去10年間に頻度が増加しています。しかし同様に、免疫療法も進歩してきたとはいえ、標準的な治療法として採用されているのは一部の特定のがんに限られています。そのため、科学者たちは現在、新しいプラチナベースの化学療法薬の開発に注目しています。

例えば、2023年3月、ロシアの南ウラル国立大学の研究者たちは、従来の白金系化学療法剤よりも毒性の低い新しい複合白金分子を合成しました。ネダプラチン、ロバプラチン、ヘプタプラチンは、一部の国では規制当局の承認を受けているが、世界的にはまだ普及していない白金系化学療法剤です。新たながん治療法の開発は、予測期間中にPGM（白金族金属）の需要をさらに押し上げると予想されます。

価格変動の増大

PGM（白金族金属）（PGM）価格は、パンデミック後の期間に変動が増大しました。価格は2021年第1四半期に一時的に回復したが、2022年と2023年の大半は再び横ばいか下落に転じた。PGM価格は2023年通年で42%下落し、バスケットPGM平均価格は2021年4月のピークを下回りました。

世界白金族投資評議会は、世界の供給不足は総需要の8%に達し、2027年まで続くと推定しています。ウクライナ紛争をめぐるロシアへの制裁にもかかわらず、世界の白金族プラチナ市場には深刻な混乱はなく、価格下落はさらに加速しています。多くの生産者は、全体的な収益性を高めるため、採掘事業の閉鎖を積極的に検討しています。価格変動の増大は、世界市場の長期的な成長見通しを妨げると思われます。

目次

第1章 調査手法と調査範囲

第2章 定義と概要

第3章 エグゼクティブサマリー

第4章 市場力学

• 影響要因
  • 促進要因
    • 厳しい排ガス規制の採用
    • 新しいがん治療法の開発
  • 抑制要因
    • 価格変動の増大
  • 機会
  • 影響分析

第5章 産業分析

• ポーターのファイブフォース分析
• サプライチェーン分析
• 価格分析
• 規制分析
• ロシア・ウクライナ戦争の影響分析
• DMIの見解

第6章 COVID-19分析

第7章 タイプ別

• パラジウム
• プラチナ
• ルテニウム
• その他

第8章 用途別

• 自動車
• 宝飾品
• 炭素材料
• 工業
• 化学
• 電気
• ガラス
• 医療・バイオメディカル
• 石油
• その他

第9章 地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • フランス
  • イタリア
  • スペイン
  • その他欧州
• 南米
  • ブラジル
  • アルゼンチン
  • その他南米
• アジア太平洋
  • 中国
  • インド
  • 日本
  • オーストラリア
  • その他アジア太平洋地域
• 中東・アフリカ

第10章 競合情勢

• 競合シナリオ
• 市況/シェア分析
• M&A分析

第11章 企業プロファイル

• African Rainbow Minerals
  • 会社概要
  • 製品ポートフォリオと説明
  • 財務概要
  • 主な発展
• Anglo American Platinum
• Aquarius Platinum
• Eastern Platinum
• Glencore
• Implats
• Johnson Matthey
• Norilsk Nickel
• Sibanye-Stillwater
• Northam Platinum Limited

第12章 付録

Overview

Global Platinum Group Metals Market reached US$ 32.1 billion in 2023 and is expected to reach US$ 41.3 billion by 2031, growing with a CAGR of 3.2% during the forecast period 2024-2031.

The advancements in battery technology and the development of new battery chemistries for electric vehicles will be a key factor in facilitating global market growth during the forecast period. Cobalt-platinum nanomaterial alloys are being investigated for increasing the performance efficiency of electric vehicle batteries.

The long term growth potential for the global platinum group metals market is hobbled by the failure of major producers to boost production. Given the crash in PGM prices, many producers are actually closing many unprofitable mines and are more hesitant to deploy significant capital investments in exploring and exploiting new mines to support increase in global demand.

Dynamics

Adoption of Stringent Anti-Emission Norms

Although there is currently a global trend towards decarbonization, it is still expected to take another two decades to witness appreciable effects. In the meanwhile, governments have instituted stringent anti-emission regulations to heavily curb pollutants and carbon emissions from road transportation. For instance, the European Union is expected to institute the most stringent Euro 7 emission standards from 2026. From FY 21 onwards, India has implemented the Bharat Stage (BS) 6 emission norms whilst skipping BS5 norms, in an effort to reduce vehicular pollution.

The catalytic converter is the chief equipment used for pollution control in automobiles. A catalytic converter converts the highly toxic exhaust fumes of the vehicle into harmless gases through a redox reaction in the presence of a catalyst. The catalyst is a platinum group metal, either rhodium or palladium.

All modern vehicles are fitted with a catalytic converter. Many older vehicles are also being retrofitted with catalytic converters to prevent them from being rendered unworthy under new emission standards. The growing adoption of stringent emission norms is expected to drive the growth of the global platinum group metals market.

Development of New Cancer Therapies

Cases of chemotherapy treatment-resistant cancers has been growing in frequency over the past decade. However, in a similar note, although immunotherapy has become more advanced it has only been adopted for standard treatment for a few specific cancers. Therefore, scientists are now looking at developing new platinum-based chemotherapy drugs.

For instance, in March 2023, researchers at the South Ural State University in Russia synthesized new complex platinum molecules with less toxicity than traditional platinum-based chemotherapy agents. Nedaplatin, lobaplatin and heptaplatin are some platinum-based chemotherapy agents that have received regulatory approval in some countries but are not yet widely available globally. New cancer therapy development will further boost demand for platinum group metals during the forecast period.

Increased Price Volatility

The price of platinum group metals (PGM) has witnessed increased volatility in the post-pandemic period. Although prices underwent a brief recovery during the Q1 2021, prices have once again either stayed flat or declined for most of 2022 and 2023. Cumulative PGM prices fell by 42% through the entire 2023, with basket PGM average price going below the peak of April 2021.

The World Platinum Investment Council estimates global supply deficit at 8% of total demand and is likely to remain in place till 2027. Despite sanctions on Russia for the ongoing war in Ukraine, there has been less than severe disruption in the global PGM markets, thereby further precipitating price decline. Many producers are actively looking to close lose making mining operations to boost overall profitability. An increase in price volatility will hamper the long term growth prospects of the global market.

Segment Analysis

The global platinum group metals market is segmented based on type, application and region.

Diverse Range of Applications for Platinum Give it a Major Market Share

One of the major industrial uses of platinum is as a catalyst in automotive catalytic converters, which convert toxic exhaust automotive fumes into harmless gases. Platinum is also used to produce specialized electrodes, laboratory equipment, platinum resistance thermometers and dentistry equipment. Platinum is used in glassmaking for the manipulation of molten glass.

Growing innovations in the field of pharmacy have also opened up new applications for platinum. For example, platinum-containing compounds such as cisplatin, carboplatin and oxaliplatin are used in chemotherapy drugs to treat certain types of cancer. Comparatively, other metals in the group such as ruthenium and palladium have more specialized and niche applications.

Geographical Penetration

North America to Garner the Largest Market Share

North America's major share in the global market is mainly due to its status as a leading scientific and technology hub. Many startups and established companies in various industrial sectors are active in the region. The region is a major producer of automobiles and automotive components. Platinum group metals are used in the production of catalytic converters for automobiles. North America produced 17.3 million vehicles in 2023, according to the international association of motor vehicle manufacturers (OICA).

North America is also a major hub of scientific research, mainly due to the well-developed research ecosystem of U.S. The space industry uses platinum to produce various rocket and satellite components. NASA is U. S's national space agency and the country has a well-developed space research industry. Private space companies such as SpaceX are also increasingly launching human spaceflight missions and satellite missions.

North America also has well-developed biotechnology and pharmaceutical industries. Both these industries utilize platinum group metals to produce various medical equipment and drug formulations. For instance, in November 2022, ImmunoGen, a U.S.-based biotechnology company launched Elahere, a new platinum chemotherapy drugs for ovarian cancer treatment. The continued dominance of U.S. in most emerging high technology research sectors ensures that North America will continue occupying a major share in the global platinum group metals market.

COVID-19 Impact Analysis

The COVID-19 pandemic created many challenges for the global market. PGM prices fell to multi-month lows in April 2020 and stayed low throughout the year on account of reduced demand from most sectors. Price recovery was only visible starting from February-March 2021, as the most stringent lockdowns were lifted. Most PGM mining operations were disrupted due to the pandemic.

The partial shutdown of commercial mining operations gave rise to illegal and artisanal mining. The flooding of market by illegally mined PGM metals further complicated the global price recovery during the short term. The post-pandemic period has witnessed a sustained rise in demand from various sectors and the market is poised for significant long-term growth.

Russia-Ukraine War Impact Analysis

The Russia-Ukraine war has created major upheaval in the global platinum group metals market, particularly since Russia is one of the largest producers of platinum and palladium. The sanctioning of trade in PGM by Russian entities by EU and U.S. has led Russia to resort to the international grey market for continuing the export of these metals.

The sanctioning of Russia has also created an opening for southern African nations such as Zimbabwe and South Africa for increasing their exports of platinum group metals. Multinational mining companies operating in both these countries are stepping up production at mining sites and are also exploring new potential sites for commercial production.

By Type

• Palladium
• Platinum
• Ruthenium
• Others

By Application

• Automotive
• Jewellery
• Carbon Material
• Industrial
• Chemical
• Electrical
• Glass
• Medical and Biomedical
• Petroleum
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In June 2023, Sibanye-Stillwater, a South African multinational mining company, announced in an earnings call that it expects South Africa's production of platinum group metals to rebound by early 2024.
• In November 2023, Anglo American, a major multinational mining company, announced plans to cut output at its platinum and iron ore mining operations in a bid to reduce operating costs.
• In February 2024, Sibanye Stillwater announced a write down of profits totaling nearly US$ 2.58 billion on account of fall in global prices of platinum group metals.

Competitive Landscape

The major global players in the market include African Rainbow Minerals, Anglo American Platinum, Aquarius Platinum, Eastern Platinum, Glencore, Implats, Johnson Matthey, Norilsk Nickel, Sibanye-Stillwater and Northam Platinum Limited.

Why Purchase the Report?

• To visualize the global platinum group metals market segmentation based on type, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of pouch tapes market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global platinum group metals market report would provide approximately 50 tables, 50 figures and 187 Pages.

Target Audience 2024

• Automotive Component Manufacturers
• Jewellery Manufacturers
• Commodity Trading Companies
• Industry Investors/Investment Bankers
• Research Professionals

Table of Contents

1.Methodology and Scope

• 1.1.Research Methodology
• 1.2.Research Objective and Scope of the Report

2.Definition and Overview

3.Executive Summary

• 3.1.Snippet by Type
• 3.2.Snippet by Application
• 3.3.Snippet by Region

4.Dynamics

• 4.1.Impacting Factors
  • 4.1.1.Drivers
    • 4.1.1.1.Adoption of stringent anti-emission norms
    • 4.1.1.2.Development of new cancer therapies
  • 4.1.2.Restraints
    • 4.1.2.1.Increased price volatility
  • 4.1.3.Opportunity
  • 4.1.4.Impact Analysis

5.Industry Analysis

• 5.1.Porter's Five Force Analysis
• 5.2.Supply Chain Analysis
• 5.3.Pricing Analysis
• 5.4.Regulatory Analysis
• 5.5.Russia-Ukraine War Impact Analysis
• 5.6.DMI Opinion

6.COVID-19 Analysis

• 6.1.Analysis of COVID-19
  • 6.1.1.Scenario Before COVID
  • 6.1.2.Scenario During COVID
  • 6.1.3.Scenario Post COVID
• 6.2.Pricing Dynamics Amid COVID-19
• 6.3.Demand-Supply Spectrum
• 6.4.Government Initiatives Related to the Market During Pandemic
• 6.5.Manufacturers Strategic Initiatives
• 6.6.Conclusion

7.By Type

• 7.1.Introduction
  • 7.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 7.1.2.Market Attractiveness Index, By Type
• 7.2.Palladium*
  • 7.2.1.Introduction
  • 7.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3.Platinum
• 7.4.Ruthenium
• 7.5.Others

8.By Application

• 8.1.Introduction
  • 8.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 8.1.2.Market Attractiveness Index, By Application
• 8.2.Automotive*
  • 8.2.1.Introduction
  • 8.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3.Jewellery
• 8.4.Carbon Material
• 8.5.Industrial
• 8.6.Chemical
• 8.7.Electrical
• 8.8.Glass
• 8.9.Medical and Biomedical
• 8.10.Petroleum
• 8.11.Others

9.By Region

• 9.1.Introduction
  • 9.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 9.1.2.Market Attractiveness Index, By Region
• 9.2.North America
  • 9.2.1.Introduction
  • 9.2.2.Key Region-Specific Dynamics
  • 9.2.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.2.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.2.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.2.5.1.U.S.
    • 9.2.5.2.Canada
    • 9.2.5.3.Mexico
• 9.3.Europe
  • 9.3.1.Introduction
  • 9.3.2.Key Region-Specific Dynamics
  • 9.3.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.3.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.3.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.3.5.1.Germany
    • 9.3.5.2.UK
    • 9.3.5.3.France
    • 9.3.5.4.Italy
    • 9.3.5.5.Spain
    • 9.3.5.6.Rest of Europe
• 9.4.South America
  • 9.4.1.Introduction
  • 9.4.2.Key Region-Specific Dynamics
  • 9.4.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.4.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.4.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.4.5.1.Brazil
    • 9.4.5.2.Argentina
    • 9.4.5.3.Rest of South America
• 9.5.Asia-Pacific
  • 9.5.1.Introduction
  • 9.5.2.Key Region-Specific Dynamics
  • 9.5.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.5.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.5.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.5.5.1.China
    • 9.5.5.2.India
    • 9.5.5.3.Japan
    • 9.5.5.4.Australia
    • 9.5.5.5.Rest of Asia-Pacific
• 9.6.Middle East and Africa
  • 9.6.1.Introduction
  • 9.6.2.Key Region-Specific Dynamics
  • 9.6.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 9.6.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

10.Competitive Landscape

• 10.1.Competitive Scenario
• 10.2.Market Positioning/Share Analysis
• 10.3.Mergers and Acquisitions Analysis

11.Company Profiles

• 11.1.African Rainbow Minerals*
  • 11.1.1.Company Overview
  • 11.1.2.Product Portfolio and Description
  • 11.1.3.Financial Overview
  • 11.1.4.Key Developments
• 11.2.Anglo American Platinum
• 11.3.Aquarius Platinum
• 11.4.Eastern Platinum
• 11.5.Glencore
• 11.6.Implats
• 11.7.Johnson Matthey
• 11.8.Norilsk Nickel
• 11.9.Sibanye-Stillwater
• 11.10.Northam Platinum Limited

LIST NOT EXHAUSTIVE

12.Appendix

• 12.1.About Us and Services
• 12.2.Contact Us