Editor’s Note
This article cites market research projecting significant growth for the global precious metal sector, with its value expected to rise from an estimated $640.20 billion in 2026 to approximately $1,147.61 billion by 2035. The figures and forecasts are sourced from the stated research firm and press release.
According to Towards Chemical and Materials, the global precious metal market size is estimated at USD 640.20 billion in 2026 and is expected to be worth around USD 1,147.61 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 6.70% over the forecast period from 2026 to 2035.
Ottawa, Feb. 21, 2026 (GLOBE NEWSWIRE) — The global precious metal market size was estimated at USD 600.00 billion in 2025 and is expected to increase from USD 640.20 billion in 2026 to USD 1,147.61 billion by 2035, growing at a CAGR of 6.70% from 2026 to 2035. In terms of volume, the market is projected to grow from 478.13 million tons in 2025 to 756.65 million tons by 2035, growing at a CAGR of 4.70% from 2026 to 2035. Asia Pacific dominated the precious metal market with the largest volume share of 39.01% in 2025. Technology-driven innovation, sustainability, a regulatory framework, and demand for automotive catalysts, electronics, and renewable energy infrastructure drive the market growth.
The massive opportunity for platinum has increased in recent years due to its historical status as a more expensive metal and its utilization in hydrogen technology infrastructure. Rapid urbanization leads to the refining and recovery of e-waste as well as industrial scrap into a more sustainable metal and cost-effective supply stream than traditional mining.
The powder and granules segment is experiencing the fastest growth in the market during the projected period. They are known as high-precision industrial materials vital for advanced manufacturing, chemical catalysis, and micro-electronics. This segment enables the creation of high-conductivity pastes, specialized thin-film coatings, and 3-D printed components with purity. Their high surface area enables the production of specialized forms, supporting leading-edge innovations across sectors like medical, aerospace, and renewable energy that fuel technological evolution and industrial requirements.
- The Asia Pacific dominated the precious metal market with the largest volume share of 39.01% in 2025.
- The precious metal market in Europe is expected to grow at a substantial CAGR of 3.35% from 2026 to 2035.
- The North America precious metal market segment accounted for the major volume share of 24.40% in 2025.
- By metal type, the gold segment dominated the market and accounted for the largest volume share of 41.93% in 2025.
- By metal type, the silver segment is expected to grow at the fastest CAGR of 6.12% from 2026 to 2035 in terms of volume.
- By end-user, the jewelry & luxury goods segment led the market with the largest revenue volume share of 36% in 2025.
- By form, the bars & ingots segment dominated the market and accounted for the largest volume share of 30% in 2025.
The apparent consumption of precious metals such as gold, silver, and PGMs refers to the total volume utilized across various sectors, including jewelry, investment products (bars and coins), and industrial applications such as electronics, automotive catalysts, and renewable energy technologies.
- Market Size and Volume in 2026: USD 640.20 Billion / 500.59 Million Tons
- Revenue forecast in 2035: USD 1,147.61 Billion / 756.65 Million Tons
- Growth Rate: CAGR of 6.70% from 2026 to 2035
- Base year for estimation: 2025
- Forecast period: 2026 – 2035
- Segments covered: By Metal Type, By End-User Industry, By Form, By Regions
- Key companies profiled: Anglo American Platinum Limited; Barrick Gold Corporation; First Quantum Minerals Ltd.; Fresnillo plc; Glencore plc; Impala Platinum Holdings Limited (Implats); Newmont Corporation; MMC Norilsk Nickel; Pan American Silver Corp.; Sibanye-Stillwater Limited