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The precious metals market size is forecast to increase by USD 106.3 billion at a CAGR of 6.78% between 2023 and 2028. The market is experiencing significant growth due to the increasing role of precious minerals as safe-haven assets during economic uncertainty. Mining and machinery sectors are key drivers of this market, with advancements in technology leading to increased production efficiency. However, environmental concerns are becoming a major challenge, as stricter regulations and a growing focus on Environmental, Social, and Governance (ESG) factors put pressure on mining companies to adopt sustainable practices. Additionally, the demand for precious metals in various industries, such as auto-catalyst applications, polishing, and photovoltaic manufacturing, continues to rise. Government reserves and geopolitical factors also play a role in market dynamics.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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