Lucintel's latest market report analyzed that iridium provides attractive opportunities in the catalyst, chemical manufacturing, electrical and electronic, and jewellery applications. The iridium market is expected to reach $2.0 billion by 2028 with a CAGR of 5.1%. In this market, electrical and electronics is the largest segment by application.
Based on application, the iridium market is segmented into catalyst, chemical manufacturing, electrical and electronics. The electrical and electronics segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the significant use of iridium for electrode coatings in the chlor-alkali process and catalysts, thus leading in high demand from the electronics industry.
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The Iridium Market is marked by the presence of several big and small players. Some of the prominent players offering iridium include Anglo American, Russian Platinum, Norilsk Nickel, Umicore, and Impala.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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