The major players in the platinum powder market include Johnson Matthey, Aida Chemical, Tanaka, Heraeus Electronics, American Elements, ZheJiang Changgui Metal, Shoei Chemical, Ames Goldsmith, Technic. The entire platinum powder market has been sub-categorized into classifications and applications. current and future demand for platinum powder market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
This highly unreactive, malleable and ductile metal is expected to exhibit an outstanding growth in the years to come. The powder is seeing a growing demand in many manufacturing sectors like electronics, chemicals, oil, jewellery due to the demand for technological advancements in these domains. Many industries embrace platinum for their research and development activities owing to its beneficial chemical properties. Platinum powder also finds its way in the medical industry where there is a large increase in the number of chronic disorders in recent times. The main restraining factor for the growth of this market is the high costs involved in acquiring the metal. The production costs which involve labor, energy and cost volatility of the metal itself can as well act as hindrances to the market.
By Classifications
- High Platinum Powder
- Alloyed Platinum Powder
By Applications
- Catalysts
- Electronics
- Chemical
- Jewelry
- Others
Source: https://www.valuemarketresearch.com/report/platinum-powder-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.