About Gold Metals
Gold is a chemical element with one of the highest atomic number elements that occur naturally. Gold is bright, slightly reddish yellow, dense, soft, malleable and ductile metal. The purity of gold in the jewelry is indicated by its karat. Gold metal is a rare and naturally occurring metallic chemical element of high economic value. It has been used for coinage, jewelry and other arts. Gold metal is a good conductor of heat and electricity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Gold Metals market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Gold Metals market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Gold Metals market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Barrick Gold Mining Company (Canada), Newmont Goldcorp Mining Company (United States), AngloGold Ashanti Mining Company (South Africa), Goldcorp Gold Mining Company (Canada), Kinross Gold Mining Company (Canada), Newcrest Mining Company (Australia), Gold Fields Gold Mining Company (South Africa), Polyus Gold Mining Company (Russia) and Agnico Eagle Mines Limited (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sibanye-Stillwater (South Africa) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Gold Metals market by Type (Pure Gold, Color Gold, Mixed Color Gold and Others), Application (Jewelry, Electronics, Computers, Dentistry, Medicinal and Aerospace) and Region.
On the basis of geography, the market of Gold Metals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Karat, the sub-segment i.e. 9K will boost the Gold Metals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Alloys, the sub-segment i.e. Yellow Gold (Gold with Silver, Copper and Zinc) will boost the Gold Metals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Gold across Energy, Healthcare and Technology Is Changing At a Faster Pace
Market Growth Drivers:
High Malleability and Ductility, Resistance to Corrosion and Most Other Chemical Reactions and Increased Disposable Income of the People in the Developing Countries
Challenges:
Limited Natural Resources of the Gold
Restraints:
High Cost of the Gold Metals
Opportunities:
Increasing Demand for Jewelry Applications and Rising Demand from Pharmaceutical and Electronic Industry
Market Leaders and their expansionary development strategies
In April 2019, Newmont Mining Corporation and Goldcorp Inc. completed their merger to form Newmont Goldcorp Corporation. It will be the world’s largest gold mining company according to officials.
In October 2023, EBullion, a metal tech start-up backed by Hindustan Platinum, has launched a Systematic Investment Plan in precious metals.
Key Target Audience
Gold Metal Mining Companies, Emerging Companies, Distributors, Research Professionals, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.