Precious metal refining market is anticipated to grow at a CAGR of 7.2% during the forecast period (2023-2030). Precious metal refining involves purifying impure materials to isolate and extract their precious metal content. This process is used to separate precious metals from products or by-products such as electronic, dental, industrial, or jewelry scrap, returning them to their pure states. Jewelers and manufacturers work with precious metals, cutting, drilling, filling, and shaping them to create treasured pieces for their customers. During these processes, small bits and pieces of gold, silver, palladium, and other precious metals are left behind on work surfaces, benches, floors, and other spaces. Often, this leftover precious metal dust and scrap is unintentionally discarded, representing real money that can be reclaimed thrown refining and reusing.
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The global precious metal refining market is segmented on the type, and category. Based on the type, the market is sub-segmented into gold, silver, platinum and other. Based on the category, the market is sub-segmented into, jewelry, precious metal scrap and mine concentrates. Among the category, the precious metal scrap sub-segment is anticipated to hold a considerable share of the market owing to the increase in demand from electronics industry.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Abington Reldan Metals
- Asahi Holdings
- Dowa Holdings
- Dukia Gold & Precious Metals Refining Co. Ltd.
- Evonik Industries
- Globe Metal
- Heraeus
- Materion
- Mid-States Recycling and Refining
- Pease and Curren
- PMRS
- PX Group
- Sims Recycling Solutions
- Sino-Platinum Metals
- Tanaka
- Umicore
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global precious metal refining market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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