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Precious Metals Production in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Precious Metals Production Market Research Report | SIC C24.410 | Sep 2014

Going for gold: Revenue to expand as motor vehicle sales increase, stabilising demand

IBISWorld’s Precious Metals Production market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Baird & Co Ltd Baird & Co Ltd market share
JBR Recovery Ltd JBR Recovery Ltd market share
Johnson Matthey Plc Johnson Matthey Plc market share
Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 10-15
8.9%
Annual Growth 15-20
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Profit
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Employment
725
Businesses
63
Industry Analysis & Industry Trends

The main products manufactured by the Precious Metals Production industry are refined silver, platinum and gold. Platinum sales are heavily influenced by the automotive industry as the commodity is used to manufacture catalytic converters. Gold and silver are both used for jewellery manufacturing and investment purposes, though silver has many other industrial applications as well. The industry's performance has been highly volatile over the past few years, reflecting dramatic shifts in the world prices of precious metals, declining industry participation and unsteady demand from downstream markets. The industry is expected to generate revenue of £1.3 billion in 2014-15, compared with £874.5 million in 2009-10. This equates to compound annual revenue growth of 8.9%... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Precious Metals Production industry is in the mature stage of its life cycle, despite the industry's growing contribution to the UK economy. Industry value added is expected to grow at a compound annual rate of 7.8% over the 10 years through 2019-20. Over the same period the UK economy is expected to grow at a compound annual rate of 2.1%. This shows that the industry is growing at a faster rate than the UK economy and is subsequently contributing a growing portion to the economy. This would usually signify that the industry is in the growth phase of the industry life cycle, but rocketing precious metal prices are the key factor informing the industry's impressive growth.

The number of active industry establishments and enterprises has been in decline for several years now... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Precious Metals Production Industry?

Firms in this industry refine precious metals like gold, silver and platinum. They also produce precious metal alloys and offer plating services.

Industry Products
Refined gold and gold alloysRefined silver and silver alloysRefined platinum group metals and associated alloys
 
Industry Activities
Refining precious metals Recycling precious metalRolling or plating base metal with precious metalprecious metal alloys


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