DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/3bqkd3/global_precious) has announced the addition of the “Global Precious Metals Market 2015-2019” report to their offering.

The global precious metals market to grow at a CAGR of 4.01% during the period 2015-2019.

The report covers the present scenario and the growth prospects of the global precious metals market for 2014-2019. To calculate the market size, the report considers revenue generated from the sales of precious metals in various industries and for experimental and laboratory use. The report considers the total quantity of precious metals utilized in various end-use sectors to calculate the market size. The report also includes a discussion of the key vendors operating in this market.

The global precious metals market is expected to grow at a rapid pace during the forecast period, driven by increased sales of jewelry, consumer electronics, and automobiles. India dominated the market in 2014, followed by China and the US because the combined seasonal demand and strengthening currency could augment the demand for the precious metal.

A boom in jewelry consumption in APAC has been accompanied by high growth in the number of retail outlets, especially in China and India. The primary wave of openings focused on the first and second level of urban communities, but the focus has shifted to third and fourth-level urban communities.

According to the report, the rising sales of gold, silver, palladium and platinum globally is driving the growth of this market. Moreover, the demand for platinum from the industrial sectors is also boosting the growth of the precious metals market.

Further, the report states that the release of toxic gases and the dusty environment of the mines affects the health of the workers employed in the mines. Hence, the ban on the mining poses a challenge for the growth of the market.

The market is divided into the following segments based on metal type:

– Gold

– Silver

– Palladium

– Platinum

Key vendors

– Anglo American

– Barrick Gold

– Impala

– Johnson Matthey

– Lonmin

– Newmont Mining

Other prominent vendors

– Aquarius Platinum

– BHP Billiton PLC

– Goldcorp

– KGHM Polska Miedz

– Norilsk Nickel

– Northam Platinum

– North American Palladium

– Stillwater Mining Company

For more information visit http://www.researchandmarkets.com/research/3bqkd3/global_precious