Platinum
Catalysts
Fuel cells
Buy platinum
Raw material producers:
South Africa, Russia, Zimbabwe
Areas of application:
LED (automotive industry, consumer electronics, lighting systems)
Semiconductors (microchips, high-performance processors, virtual reality)
CIGS thin-film solar cells
Market forecasts:
- Driven by heavy goods transport, demand for fuel cells is expected to increase by 28.3 % annually, from 23,000 units in 2024 to 353,000 by 2035.1
- The global platinum market is expected to grow at a compound annual growth rate (CAGR) of 5.13 % until 2031. Stricter emissions regulations around the world are increasing the demand for platinum in catalytic converters.2
- The global market for pacemakers is forecast to grow at a CAGR of 3.2 % to over USD 6 billion between 2018 and 2032.3
1) marketsandmarkets.com/Market-Reports/future-of-hydrogen-in-automotive-179785986.html
2) straitsresearch.com/report/platinum-market
3) fortunebusinessinsights.com/industry-reports/cardiac-pacemakers-market-100682
