Precious metals have a wide range of uses because of their unique physical and chemical properties. Several processes, including electrolysis, chemical vapour deposition, and metal oxide reduction, can be used to create precious metal powders and flakes. In electronics, solar, and other industries, these goods have a wide range of uses. Additionally, the growing need for high-end goods like nanomaterials, catalysts, and fine chemicals is fueling the market for precious metal powders and flakes. A further factor driving the market's growth is the rising need for lightweight materials across a range of sectors. Additionally, it is projected that technological advancements will open up new business opportunities.
Production of electronic parts, catalysts, and other materials depends on the market for precious metal powders and flakes. Numerous industries, including aerospace, manufacturing, medical technology, and defence, use precious metal flakes and powders. They can be used in a variety of applications due to their special qualities. Due to its rising use in a variety of industries, there will certainly be an increase in demand for precious metal powders and flakes. The growth of this business will also be fueled by the increasing need for composite materials.
At a CAGR of 6.7% over the forecast period of 2021–2031, the precious metal powders and flakes market is expected to reach a value of USD 8,989.2 million by 2031.
Metals including gold, palladium, silver, and platinum are used to create precious metal powders and flakes. Electronics, photovoltaics, and other industries have found considerable use for these materials. Because they are less expensive than conventional precious metals like gold and silver, the market has grown.
The strict environmental laws and the high cost involved in the manufacturing of these metals are mostly to blame for the market restraints on precious metal powders and flakes. Another significant problem hindering the expansion of this market is the erratic nature of the prices of certain metals.
Additionally, the availability of alternatives like ceramic and plastic materials is impeding the market's expansion. The lack of knowledge about the use of these metals in some areas is also a significant issue limiting the growth of this industry. The small number of producers of these metals is still another issue impeding the expansion of this market. Nonetheless, new opportunities and growth prospects are anticipated in the future due to the growing consumption of these metals in industrial applications.
The marketplace for precious metal powders and flakes is robust as a result of the presence of multiple large corporations. Heraeus Holding GmbH, Johnson Matthey Plc, Umicore N.V., A&R Edelmetalle GmbH & Co. KG, Aurubis AG, etc. are a few of these important firms. To acquire a competitive edge, these businesses are putting their attention on innovations and the development of high-tech products.
The market for precious metal powders and flakes is also seeing the presence of additional small businesses including Metalor Technologies SA (Switzerland), Tanaka Holdings Co., Ltd. (Japan), Aurum Precious Metals Services LLC (USA), and International Precious Metal Refiners Inc. (USA), among others.
The Silver Category emerged as the Most Lucrative Type
Based on type, the market for precious metal powders and flakes is segmented into Silver, Palladium, Platinum, Gold, and Others. Silver has the largest market share of these types and is anticipated to see the highest CAGR over the forecast period. This is due to the fact that it is widely used in a variety of industrial uses, such as semiconductors and car emissions controls.
The Most Prominent Application is the Electronics Segment
Based on application, the market for precious metal powders and flakes is divided into three categories: photovoltaic, electronics, and others. Electronics is one of these applications that is predicted to expand at a considerable CAGR during the forecast period. This is due to the fact that it is being used more frequently in semiconductors and other electrical components for various industrial processes.
The North American Region to render Ample Financing Opportunities
The Precious Metal Powders and Flakes Market is dominated by North America, with the US having recently emerged as one of the primary producers of these products. The existence of significant metal processing businesses in the area is also a factor in the market's expansion in North America.
COVID-19 Impact and Market Status
The market for precious metal powders and flakes has been significantly impacted by the COVID-19 pandemic epidemic. Because of the downturn in economic activity and the disruption of global supply systems, demand for these commodities has dramatically decreased. But as economies start to recover, demand is anticipated to increase. Government stimulus programmes, like the $2 trillion debt relief package offered by the United States government, are also helping to sustain the market. The demand for precious metal powders and flakes is also rising as a result of the rising demand for electronics and automotive components. Additionally, growing investments in renewable energy projects are anticipated to support market expansion.
Recent Developments in the Precious Metal Powders and Flakes Market
• A manufacturer of rolled precious metal goods, Follmann GmbH & Co. KG, declared in March 2021 that it has begun creating a distinctive range of silver flakes with particle sizes ranging from 0.1 to 5 mm. When metallic effects are sought, the product is employed in electronics, cosmetics, medical, and other industries.
• The Fortus 450mc, a new FDM-based 3D printer from 3D printing technology provider Stratasys Ltd., was introduced in January 2021. It can be used to create intricate designs using precious metal flakes and powders. This item is anticipated to change the production of both personalised jewellery items and aeronautical components.
• Praxair Surface Technologies introduced its innovative flow casting technology in August of 2020, which enables the high-temperature manufacture of specialised precious metal powders and flakes. This procedure is anticipated to broaden the range of industries in which these materials can be used, including aerospace, electronics, and automotive.
• Johnson Matthey, a major supplier of items made from precious metals, declared in October 2020 that it was building new manufacturing lines for gold and silver flakes to accommodate the expanding demand from the electronics and medical industries. The business also intends to add more non-precious metals to its spectrum of product offerings in the near future.
Precious Metal Powders and Flakes Market Scope
|Revenue forecast in 2031
|USD 8,989.2 million
|CAGR of 6.7 % during 2021-2031
|Type, Application, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Heraeus Holding GmbH, Johnson Matthey Plc, Umicore N.V., A&R Edelmetalle GmbH & Co. KG, Aurubis AG, etc.
Key Segments of thePrecious Metal Powders and Flakes Market
Type Overview, (USD Million)
Application Overview, (USD Million)
Regional Overview, (USD Million)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
• Middle East and South Africa