Rhodium Market size was valued at US$ 2.2 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 5.4% from 2023 to 2029, reaching nearly US$ 3.18 Bn.
Rhodium Market Overview:
Maximize Market Research, a global market intelligence firm, has recently released an insightful report shedding light on the prosperous growth opportunities for Rhodium market suppliers anticipated through 2029. The report provides a comprehensive market overview, detailing growth drivers, major restraints, upcoming challenges, and prevailing opportunities in the global Rhodium market. It also includes a comprehensive list of key players and their strategic business approaches.
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Rhodium Market Report Scope and Research Methodology:
Within the platinum group metals (PGMs), which also include palladium and platinum, is the rare and noble metal rhodium (Rh). The chemical industry uses it for a number of applications, including the synthesis of nitric acid, and the automotive industry uses it primarily for catalytic converters. Hardness, resistance to corrosion, and chemical inertness are some of the qualities of rhodium.
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Rhodium Market Dynamics:
The market for rhodium is comparatively small and very erratic, with frequent price fluctuations. This is because of a number of things, including the scarce supply of rhodium and the high demand in the automotive sector, which is one of the main consumers of rhodium. The COVID-19 pandemic and rising demand from the automotive sector, especially in China, have caused supply disruptions and a spike in the price of rhodium, which peaked in early 2021.
Rhodium Market Regional Insights:
A thorough regional analysis of the Rhodium market, including market dynamics, regional market structure, and major players in each area, is included in the report. North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa are the regions covered, offering a thorough grasp of market conditions and variances.
Rhodium Market Segmentation:
by Application
1. Automotive Industry
2. Chemical Industry
3. Jewelry Industry
by Source
1. Mining
2. Recycling
by Distribution Channel
1. Refiners
2. Traders
3. End-users
by Product Type
1. Alloys
2. Metals
3. Compounds
Rhodium Market Key Players:
Identifying key players in the Rhodium industry, the report answers essential questions about expected market size.
1. Anglo American Platinum
2. Impala Platinum Holdings Limited
3. Norilsk Nickel
4. Sibanye-Stillwater
5. Heraeus Holding
6. Johnson Matthey
7. African Rainbow Minerals
8. J - J Materials
9. Glencore
10. Lonmin
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Key Questions answered in the Rhodium Market Report are:
- What is the expected Rhodium market size in 2029?
- How the major segments of the global Rhodium market are expected to develop during the forecast period?
- Who are the top suppliers and producers in the Rhodium industry?
- What is the expected Rhodium market size by the end of the forecast period?
- Which regional market held the largest Rhodium market share in 2022?
- Who are the key players in the Rhodium industry?
- What are the Rhodium market segments?
- Which Rhodium market segment is expected to grow at a high rate during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by Application, Technology, Type, End-User and Region
• Competitive Landscape – Profiles of selected key players by region in a strategic perspective
§ Competitive landscape – Market Leaders, Market Followers, Regional player
§ Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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