Global Rhodium
Market Report
2025
The global Rhodium market size will be USD 2215.5 million in 2024. Rising automotive industry is expected to boost sales to USD 3331.292839 million by 2031, with a Compound Annual Growth Rate (CAGR) of 6.00% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Rhodium market size will be USD 2215.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Rhodium Market Sales Revenue | 121212 | $ 2215.5 Million | 121212 | 121212 | 121212 | 6% |
North America Rhodium Market Sales Revenue | 121212 | $ 886.2 Million | 121212 | 121212 | 121212 | 4.2% |
United States Rhodium Market Sales Revenue | 121212 | $ 699.21 Million | 121212 | 121212 | 121212 | 4% |
Mexico Rhodium Market Sales Revenue | 121212 | $ 80.64 Million | 121212 | 121212 | 121212 | 4.7% |
Canada Rhodium Market Sales Revenue | 121212 | $ 106.34 Million | 121212 | 121212 | 121212 | 5% |
Europe Rhodium Market Sales Revenue | 121212 | $ 664.65 Million | 121212 | 121212 | 121212 | 4.5% |
Germany Rhodium Market Sales Revenue | 121212 | $ 131.6 Million | 121212 | 121212 | 121212 | 4.7% |
France Rhodium Market Sales Revenue | 121212 | $ 61.15 Million | 121212 | 121212 | 121212 | 3.7% |
Spain Rhodium Market Sales Revenue | 121212 | $ 54.5 Million | 121212 | 121212 | 121212 | 3.6% |
United Kingdom Rhodium Market Sales Revenue | 121212 | $ 111.66 Million | 121212 | 121212 | 121212 | 5.3% |
Russia Rhodium Market Sales Revenue | 121212 | $ 103.02 Million | 121212 | 121212 | 121212 | 3.5% |
Italy Rhodium Market Sales Revenue | 121212 | $ 57.16 Million | 121212 | 121212 | 121212 | 3.9% |
Rest of Europe Rhodium Market Sales Revenue | 121212 | $ 103.02 Million | 121212 | 121212 | 121212 | 3.2% |
Asia Pacific Rhodium Market Sales Revenue | 121212 | $ 509.57 Million | 121212 | 121212 | 121212 | 8% |
Japan Rhodium Market Sales Revenue | 121212 | $ 70.32 Million | 121212 | 121212 | 121212 | 6.5% |
China Rhodium Market Sales Revenue | 121212 | $ 229.3 Million | 121212 | 121212 | 121212 | 7.5% |
Australia Rhodium Market Sales Revenue | 121212 | $ 26.5 Million | 121212 | 121212 | 121212 | 7.7% |
India Rhodium Market Sales Revenue | 121212 | $ 61.15 Million | 121212 | 121212 | 121212 | 9.8% |
Korea Rhodium Market Sales Revenue | 121212 | $ 50.96 Million | 121212 | 121212 | 121212 | 7.1% |
Rest of APAC Rhodium Market Sales Revenue | 121212 | $ 36.18 Million | 121212 | 121212 | 121212 | 7.8% |
South America Rhodium Market Sales Revenue | 121212 | $ 110.78 Million | 121212 | 121212 | 121212 | 5.4% |
Peru Rhodium Market Sales Revenue | 121212 | $ 9.08 Million | 121212 | 121212 | 121212 | 5.6% |
Colombia Rhodium Market Sales Revenue | 121212 | $ 9.86 Million | 121212 | 121212 | 121212 | 5.2% |
Argentina Rhodium Market Sales Revenue | 121212 | $ 18.61 Million | 121212 | 121212 | 121212 | 6.3% |
Brazil Rhodium Market Sales Revenue | 121212 | $ 47.41 Million | 121212 | 121212 | 121212 | 6% |
Chile Rhodium Market Sales Revenue | 121212 | $ 7.98 Million | 121212 | 121212 | 121212 | 5.7% |
Rest of South America Rhodium Market Sales Revenue | 121212 | $ 17.83 Million | 121212 | 121212 | 121212 | 4.5% |
Middle East and Africa Rhodium Market Sales Revenue | 121212 | $ 44.31 Million | 121212 | 121212 | 121212 | 5.7% |
Egypt Rhodium Market Sales Revenue | 121212 | $ 4.65 Million | 121212 | 121212 | 121212 | 6% |
Turkey Rhodium Market Sales Revenue | 121212 | $ 3.81 Million | 121212 | 121212 | 121212 | 5.2% |
Rest of MEA Rhodium Market Sales Revenue | 121212 | $ 5.23 Million | 121212 | 121212 | 121212 | 4.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Rhodium Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The rhodium marketplace refers to the global trade and delivery of rhodium, an unprecedented, valuable steel ordinarily utilised in automobile catalysts, chemical processes, and electronics. As one of the most treasured metals, rhodium's number one demand comes from the car industry, which facilitates reducing harmful emissions in catalytic converters. It is also used in hydrogenation, oxidation, and carbonylation strategies in the chemical quarter. The market is motivated with the aid of elements such as supply constraints, calls for fluctuations, and charge volatility. Rhodium is mined mainly in South Africa and Russia, and its marketplace is sensitive to geopolitical, financial, and environmental adjustments.
In December 2023, Lifezone Metals Limited announced the signing of a term sheet with a subsidiary of Glencore plc for a platinum, palladium and rhodium (collectively platinum group metals or “PGMs”) recycling project utilizing Lifezone Metals’ hydrometallurgical technology (“Hydromet”) to be based in the USA.
(Source:https://www.businesswire.com/news/home/20231212177402/en/Lifezone-Metals-Announces-Joint-Venture-with-Glencore-to-Recycle-Platinum-Palladium-and-Rhodium-in-the-USA
Rhodium performs a pivotal role in the automotive industry as a key aspect in catalytic converters, which might be important for decreasing dangerous emissions, particularly nitrogen oxides (NOx). Its wonderful catalytic residences permit powerful compliance with stringent emission norms, which might be becoming an increasing number of rigorous throughout the globe. As governments implement stricter environmental rules to combat air pollution, the demand for rhodium-based total catalysts maintains to upward push. This trend is pushed via the push for cleanser car technology, which includes both inner combustion engines and hybrid cars. Rhodium's specific homes make it imperative to reach lower emission objectives, fostering a sustainable future for transportation
Rhodium serves as an important catalyst within the chemical enterprise, playing a key position in techniques that include hydrogenation, oxidation, and carbonylation. Its terrific catalytic efficiency enables the manufacturing of great chemical substances, prescription drugs, and forte materials with excessive precision and yield. In hydrogenation, rhodium enables the addition of hydrogen to natural compounds, even as in oxidation approaches, it aids in converting raw substances into precious intermediates. Additionally, rhodium-catalyzed carbonylation is important in producing acetic acid and different crucial chemical compounds. Its versatility and effectiveness make rhodium a critical issue in modern chemical production, driving innovation and improving process performance.
Rhodium's rate is especially volatile, driven by way of a mixture of supply for dynamics, monetary conditions, and geopolitical factors. As an extraordinary and valuable metal, its restrained delivery is, on the whole, concentrated in some mining areas, making it at risk of disruptions. Demand fluctuations in key industries, inclusive of automobile and chemical sectors, in addition contribute to price instability. Economic tendencies, which include international increase and commercial output, impact market sentiment, even as geopolitical occasions can disrupt mining and alternate routes, intensifying rate swings. This volatility poses challenges for industries relying on rhodium, necessitating strategic making plans and threat control to mitigate financial and operational influences.
The COVID-19 pandemic drastically impacted the rhodium marketplace, causing price fluctuations and supply disruptions. Reduced industrial activity and car production throughout lockdowns brought about a temporary drop in call for rhodium in car catalysts. Additionally, mining operations confronted delays and closures, exacerbating delivery shortages. However, as economies started to get better, the call for rhodium surged, particularly in the car sector, due to stricter emission regulations and the resurgence of automobile manufacturing. This rebound, coupled with constrained supply, contributed to a pointy boom in rhodium fees, highlighting the market's sensitivity to global monetary and commercial shifts all through and after the pandemic.
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The rhodium marketplace's aggressive landscape is ruled by a few key players, primarily mining corporations in South Africa and Russia, which control the majority of global delivery. Major manufacturers include Anglo American Platinum, Impala Platinum, and Norilsk Nickel. Additionally, players in the automotive and chemical sectors, along with Johnson Matthey and BASF, are sizeable consumers of rhodium for catalyst manufacturing, shaping the demand and price dynamics. Geopolitical occasions and marketplace tendencies further impact competition.
In June 2022, In order to satisfy the expected increase in demand for the metal that effectively reduces emissions, LS-Nikko Copper Inc., a major smelter of electrolytic copper and rare/precious metals in South Korea, started producing rhodium, the rarest and most valuable precious metal in the world.
(Source:https://pulse.mk.co.kr/news/english/10307347
Top Companies Market Share in Rhodium Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Rhodiums market, and the region is expected to have significant growth during the projected period. North America's rhodium market is growing, driven by the increasing demand within the automobile industry for emission-decreasing catalysts due to stricter environmental guidelines. Additionally, the expansion of industrial and chemical processes using rhodium as a catalyst helps the market increase. As the place focuses on sustainable practices and purifier technologies, the demand for rhodium in North America is expected to increase further.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia Pacific rhodium market is experiencing a boom, fueled by growing automobile manufacturing and stringent emission standards, specifically in international locations like China and India. The location’s expanding commercial and chemical sectors also contribute to elevated rhodium demand. As governments push for cleanser technology and sustainable practices, the need for rhodium in catalytic converters and industrial programs continues to push upward.
The current report Scope analyzes Rhodium Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Rhodium market size was estimated at USD 2215.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 886.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
According to Cognitive Market Research, the global Rhodium market size was estimated at USD 2215.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 664.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
According to Cognitive Market Research, the global Rhodium market size was estimated at USD 2215.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 509.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
According to Cognitive Market Research, the global Rhodium market size was estimated at USD 2215.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 110.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
According to Cognitive Market Research, the global Rhodium market size was estimated at USD 2215.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 44.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..
Global Rhodium Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Rhodium Industry growth. Rhodium market has been segmented with the help of its Source Outlook:, Type Outlook: Application Outlook:, and others. Rhodium market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Rhodium Market?
According to Cognitive Market Research, Mineral Source/ PGM Mining are likely to dominate the Rhodium Market over the forecast period. The growth of the rhodium market is closely tied to the expansion of platinum group metal (PGM) mining, as rhodium is often sourced from PGMs like platinum and palladium. Increased exploration and mining sports, in particular in South Africa and Russia, are boosting rhodium manufacturing. As demand rises, efficient mining practices and useful resource discoveries play a key function in assembly marketplace wishes.
The Recycling Source is the fastest-growing segment in the Rhodium Market. Recycling is increasingly contributing to the increase of the rhodium marketplace by presenting a sustainable supply of the metal. Rhodium may be recovered from used car catalytic converters and digital waste, decreasing dependence on number-one mining. As recycling technology improves and demand for green answers rises, the role of recycled rhodium in the assembly marketplace needs to extend, helping deliver balance.
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According to Cognitive Market Research, the Alloys segment holds the largest share of the market. The growing demand for rhodium-primarily based alloys is riding the growth of the rhodium marketplace. Rhodium's super corrosion resistance and sturdiness make it a key component in high-overall performance alloys used in numerous industries, including aerospace, electronics, and jewellery. As packages for these alloys boom, in particular in advanced technologies, the demand for rhodium continues to grow, further bolstering its market enlargement.
In the Rhodium Market, the Metal has been expanding at a rapid pace. The increasing use of rhodium in various steel programs is fueling the boom of the rhodium market. Its excellent properties, together with corrosion resistance and high melting point, make it precious in sectors like cars, electronics, and industrial gadgets. As industries undertake greater superior technologies and sustainable practices, the demand for rhodium as a critical steel continues to rise, riding marketplace growth.
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According to Cognitive Market Research, The Catalysis segment holds the largest market share. Catalysis is a key issue driving the growth of the rhodium market. Rhodium’s effectiveness in catalysing chemical reactions, particularly in automobile catalytic converters for emission control, fuels its call for. It also plays an important position in industrial tactics like hydrogenation, oxidation, and carbonylation. As industries are seeking cleansers and more green technologies, the demand for rhodium in catalysis continues to enlarge.
In the Rhodium market, the rapidly growing sector is the Jewelry category. The use of rhodium in jewellery is contributing to the increase in the rhodium market. Rhodium is especially valued for its brilliant, reflective finish and corrosion resistance, making it a popular preference for coating white gold, platinum, and silver rings. As demand for excessive-cease, long-lasting, and aesthetic rings increases, the use of rhodium within the sector continues to pressure market enlargement.
According to Cognitive Market Research, the Automotive segment dominates the market. The automobile industry is a major motive force in the rhodium marketplace, particularly due to its essential function in catalytic converters. Rhodium reduces harmful emissions, particularly nitrogen oxides, in car exhaust structures. With stricter emission guidelines and the growing call for cleaner cars, the car industry's reliance on rhodium continues to boom, fueling the marketplace's growth.
Chemical is projected to be the fastest-growing segment in the Rhodium market. The chemical enterprise is contributing to the increase of the rhodium market because of its use as a catalyst in various chemical strategies, along with hydrogenation, oxidation, and carbonylation. Rhodium's potential to improve response efficiency and produce high-fee chemical substances makes it essential for chemical manufacturing. As demand for areas of expertise in chemical substances rises, rhodium’s position in these procedures drives a marketplace boom.
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Conclusion
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Source Outlook: | Mineral Source/ PGM Mining, Recycling Source |
Type Outlook: | Alloys, Metal, Compounds |
Application Outlook: | Catalysis, Jewelry, Platinum and Palladium Alloying, Others |
End-User Outlook: | Automotive, Chemical, Glass, Electricals and Electronics, Others |
List of Competitors | Glencore, Vale SA, Sibanye Gold Limited, Russian Platinum, Northam Platinum, Anglo American Platinum, Norilsk Nickel, Sibanye-Stillwater, Sharretts Plating Company |
This chapter will help you gain GLOBAL Market Analysis of Rhodium. Further deep in this chapter, you will be able to review Global Rhodium Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Rhodium. Further deep in this chapter, you will be able to review North America Rhodium Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Rhodium. Further deep in this chapter, you will be able to review Europe Rhodium Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Rhodium. Further deep in this chapter, you will be able to review Asia Pacific Rhodium Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Rhodium. Further deep in this chapter, you will be able to review South America Rhodium Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Rhodium. Further deep in this chapter, you will be able to review Middle East and Africa Rhodium Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Rhodium. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Source Outlook: Analysis 2019 -2031, will provide market size split by Source Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Source Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by Application Outlook: Analysis 2021 - 2033
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Chapter 13 Market Split by End-User Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Rhodium market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Mineral Source/ PGM Mining have a significant impact on Rhodium market? |
What are the key factors affecting the Mineral Source/ PGM Mining and Recycling Source of Rhodium Market? |
What is the CAGR/Growth Rate of Alloys during the forecast period? |
By type, which segment accounted for largest share of the global Rhodium Market? |
Which region is expected to dominate the global Rhodium Market within the forecast period? |
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