According to a research report published by Spherical Insights & Consulting, the Global Platinum Powder Market Size Expected to Grow from USD 55.21 Million in 2023 to USD 99.97 Million by 2033, at a CAGR of 6.12% during the forecast period 2023-2033.

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Platinum powder, a high-purity, finely powdered platinum metal, is used in catalytic converters and electronics to reduce emissions from automobiles and meet stringent environmental standards. Its primary application is in reducing pollutants from internal combustion engines, requiring more efficient catalytic systems to meet global emission requirements. The demand for gasoline cells and catalytic converters in the car industry is increasing, requiring high-quality platinum powder attributed to its catalytic properties. Platinum reduces harmful emissions and catalyzes energy production in gas cells, thereby boosting the demand for environmentally friendly technologies. Platinum powder is crucial in electronics for additives like resistors, capacitors, and conductive pastes due to its high electric conductivity and balance. As miniaturization advances, the demand for finer platinum particles is increasing, enabling smaller, more efficient additives for modern digital devices. However, the high cost of platinum, influenced by market fluctuations, geopolitical factors, and supply constraints, can affect the affordability and availability of ultra-fine platinum powder, making it less appealing for some industries. Despite its importance in high-performance applications, companies may seek alternative sources or reduce reliance on platinum.

Browse key industry insights spread across 231 pages with 94 Market data tables and figures & charts from the report on the Global Platinum Powder Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Sponge Platinum Powder and Chemical Precipitation Platinum Powder), By Purity (High Purity and Standard Purity), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on the

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The sponge platinum powder segment is expected to hold the largest share of the global platinum powder market throughout the projected timeframe.

Based on product type, the global platinum powder market is categorized as sponge platinum powder and chemical precipitation platinum powder. Among these, the sponge platinum powder segment is expected to hold the largest share of the global platinum powder market throughout the projected timeframe. The purity and superior catalytic properties of sponge platinum powder make it ideal for applications including fuel cells and chemical reactions.

The high-purity segment is expected to hold the highest share of the global platinum powder market throughout the projected timeframe.       

Based on the purity, the global platinum powder market is categorized as high purity and standard purity. Among these, the high-purity segment is expected to hold the highest share of the global platinum powder market throughout the projected timeframe. Platinum powder is in high demand in industries including aerospace, defense, and medical attributed to its consistent performance and resistance to adverse environments.

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South Africa is expected to hold the largest share of the global platinum powder market throughout the projected timeframe.

South Africa is expected to hold the largest share of the global platinum powder market over the forecast period. South Africa holds the world’s largest platinum reserves in the Bushveld Igneous Complex, long history of mining and a well-established infrastructure, the country is gaining traction in the platinum market.

Europe is predicted to grow at the fastest CAGR growth of the global platinum powder market throughout the projected timeframe. The need for platinum in catalytic converters, which are essential for reducing vehicle emissions, is being fueled by environmental sustainability initiatives in this region. Furthermore, European investments in renewable energy technologies such as hydrogen fuel cells are increasing the region’s need for platinum powder.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global platinum powder market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.  Major vendors in the global platinum powder market are Anglo American Platinum Limited, American Elements, Umicore, Triveni Interchem Pvt. Ltd., Materion Corporation, BASF SE, Johnson Matthey, Heraeus Holding, Tanaka Holdings, Sino-Platinum Metals Co., Ltd., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In May 2021, PITTSBURGH, PPG (NYSE: PPG) announced the introduction of PPG CORAFLON® Platinumfluoroethylene vinyl ether (FEVE) fluoropolymer powder coatings for architectural extrusions and sheet aluminum. The innovative coatings technology offers high transfer efficiency rates of more than 20% and improved corrosion resistance compared to standard FEVE powder coatings.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global platinum powder market based on the below-mentioned segments:

Global Platinum Powder Market, By Product Type

• Sponge Platinum Powder
• Chemical Precipitation Platinum Powder

Global Platinum Powder Market, By Purity

• High Purity
• Standard Purity

Global Platinum Powder Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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