India Platinum Group Metals Market Size & Outlook, 2025-2030
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India platinum group metals market highlights
- The India platinum group metals market generated a revenue of USD 3,202.1 million in 2024 and is expected to reach USD 4,059.3 million by 2030.
- The India market is expected to grow at a CAGR of 5.9% from 2025 to 2030.
- In terms of segment, palladium was the largest revenue generating metal type in 2024.
- Ruthenium is the most lucrative metal type segment registering the fastest growth during the forecast period.
Platinum group metals market data book summary
| Market revenue in 2024 | USD 3,202.1 million |
| Market revenue in 2030 | USD 4,059.3 million |
| Growth rate | 5.9% (CAGR from 2025 to 2030) |
| Largest segment | Palladium |
| Fastest growing segment | Ruthenium |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Platinum, Palladium, Rhodium, Ruthenium, Iridium |
| Key market players worldwide | African Rainbow Minerals, AngloAmerican, Glencore PLC, Platinum Group Metals, Johnson Matthey PLC, Nornickel, Northam Platinum Limited, Sibanye-Stillwater |
Other key industry trends
- In terms of revenue, India accounted for 11.9% of the global platinum group metals market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China platinum group metals market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,095.2 million by 2030.
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Platinum Group Metals Market Scope
Platinum Group Metals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sibanye-Stillwater | View profile | 10001+ | Westonaria, NA - South Africa, South Africa, Africa | https://www.sibanyestillwater.com/ |
| Northam Platinum Limited | View profile | 501-1000 | Midrand, NA - South Africa, South Africa, Africa | https://www.northam.co.za/ |
| Platinum Group Metals | View profile | 11-50 | Vancouver, British Columbia, Canada, North America | http://platinumgroupmetals.net/ |
| AngloAmerican | View profile | 10001+ | Brisbane, Queensland, Australia, Oceania | https://australia.angloamerican.com/ |
| African Rainbow Minerals | View profile | 10001+ | Sandston, Virginia, United States, North America | http://www.arm.co.za/ |
| Nornickel | View profile | 10001+ | Moscow, Moscow City, Russian Federation, Europe | https://www.nornickel.com |
| Johnson Matthey PLC | View profile | 12638 | 25 Farringdon Street, 5th Floor, London, United Kingdom, EC4A 4AB | https://www.matthey.com |
| Glencore PLC | View profile | 83426 | Baarermattstrasse 3, Baar, Switzerland, CH-6340 | https://www.glencore.com |
India platinum group metals market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to platinum group metals market will help companies and investors design strategic landscapes.
Palladium was the largest segment with a revenue share of 54.87% in 2024. Horizon Databook has segmented the India platinum group metals market based on platinum, palladium, rhodium, ruthenium, iridium covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of India platinum group metals market databook
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Our clientele includes a mix of platinum group metals market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India platinum group metals market , including forecasts for subscribers. This country databook contains high-level insights into India platinum group metals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India platinum group metals market size, by metal type, 2018-2030 (US$M)
India Platinum Group Metals Market Outlook Share, 2024 & 2030 (US$M)
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