Rhodium Market size was valued at US$ 2.2 Bn. in 2022 and is expected to reach US$ 3.18 Bn. by 2029 at a CAGR of 5.4% during the forecast period.
Rhodium Market Report Overview:
Maximize Market Research is pleased to announce the release of its latest comprehensive report, providing a detailed analysis of the current state of the global Rhodium Market. The report delves into the present market scenario, past performance, production and consumption rates, demand and supply ratios, and income generation forecast
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Rhodium Market Report Scope and Research Methodology:
A rare and noble metal, rhodium (Rh) is a member of the platinum group metals (PGMs), which also includes palladium and platinum. It is mostly utilized in the chemical industry for a variety of applications, including the synthesis of nitric acid, and in the automotive industry for catalytic converters. Rhodium has the qualities of hardness, resistance to corrosion, and inertness to chemicals.
Rhodium Market Dynamics:
The need for rhodium in the automotive sector and tightening emission regulations across the globe are anticipated to fuel demand for the metal during the forecast period. The automotive sector is the primary consumer of rhodium; approximately 88% of rhodium produced worldwide is used in catalysts that lower nitrogen oxide emissions from moving vehicles.
Rhodium Market Regional Insights:
The regional analysis in the report unveils insights into the Rhodium Market across various countries, examining political, geographic, and buying behavior factors influencing the market. Details on market size, growth rate, and import-export activities in all regions are elucidated.
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:
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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Rhodium Market Key Questions Answered:
- What is the forecast period?
- What is the expected Rhodium Market size by the end of the forecast period?
- Which segment held the largest Rhodium Market share in 2022?
- Which segment is expected to grow at a high CAGR during the forecast period?
- Which Rhodium Market segment is expected to grow at a high rate during the forecast period?
- What is the expected Rhodium Market size by 2029?
- What are the main factors driving the growth of the Rhodium Market?
- Which region has the largest Rhodium Market share?
- What is the expected CAGR of the Rhodium Market during the forecast period?
- Who are the Rhodium Market key players in the industry?
Rhodium Market Key Offerings:
- Detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics (Growth drivers, Restraints, Investment Opportunities, and key trends)
- Market Segmentation (Detailed analysis of each segment and their sub-segments)
- Competitive Landscape (Leading key players and other prominent key players)
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