Global Rhodium Market, By Source (Mineral Source, Recycling Source), By Application (Catalyst, Therm

Published Date: | Report Code : MT1923480


Enhanced exploration techniques and a variety of uses in the various application are expected to drive the growth of the Rhodium Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Rhodium is a hard, silver-colored metal with high reflectance and durability. It is the second-most rarest metal in the earth’s crust. It has a high melting point as well as low electrical resistance and stable contact resistance. It is extracted as a by-product of nickel mining.

Segment Analysis:

Rhodium has found use in various applications in different industries. Approximately, 5% of the global rhodium is consumed in the chemical industry. It is also used in the manufacturing of glass. It accounts for 3% of the total global rhodium consumption. It is also used in the production of Liquid Crystal Displays (LCDs) due to its high-temperature resistance. It is also used in the production of Cathode Ray Tubes (CRTs), which are used in televisions and cathode ray oscilloscopes. It has also found its use in making fine jewelry as an electroplating agent. It is used extensively in optical instruments and thermocouples.

Different segments of the rhodium market are witnessing growth due to enhanced exploration techniques and a variety of its uses.

Key Factors Impacting Market Growth:

  • Increase in the use of autocatalysts
  • Ease of processing achieved in chemical manufacturing
  • Increase in demand for fine jewelry in urban as well as semi-urban markets
  • Growing strain on global rhodium reserves due to increasing applications
  • Increase in Dollar rate of rhodium per troy ounce
  • Difficulty in synthetic processing of rhodium

Regional Outlook: 

The rhodium market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for the rhodium market owing to diversified demand from end-use industries and competitive scenarios. Some of the major end-use industries in these regions include electrical & electronics, Aerospace & Defense, jewelry and others. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for the rhodium market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions. Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Electrical & electronics, automotive, chemicals, etc, are some of the major industries in the region with strong potential for the rhodium market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of the key markets with demand from automotive, aerospace & defense, chemicals, jewelry, electricals and electronics, and other industries.

Companies Covered: Lonmin, Anglo American, Russian Platinum, Atlatsa Resources, Impala, Norilsk Nickel, Implants, Explats, African Rainbow Minerals, Stillwater Mining, Northam Platinum, Aquarius Platinum, and Glencore.

Market Segmentation:

By Source :

  • Minerals Source
  • Copper Sulfide Ores
  • Nickel Sulfide Ores
  • Naturally Occurring Ores
  • Recycling Sources
  • Nuclear Fission
  • Cementation
  • Solvent Extraction
  • Irradiation
  • Spectrophotometry

By Application:

  • Thermocouples
  • Growth Inhibitor
  • Glass Toughening
  • Catalyst
  • Electroplating

By End-Use Industry:

  • Electrical & Electronics
  • Aerospace & Defense
  • Chemical
  • Jewelry
  • Automotive
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Source
    • By Application
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Source
    • By Application
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Source
    • By Application
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Source
    • By Application
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Source
    • By Application
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Source
    • By Application
    • By End-Use Industry

Reasons To Buy This Report:

  • Market size estimation of the global rhodium market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market


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