The global Platinum Group Metals Market was valued at USD 30.41 billion in 2023 and is projected to reach USD 35.14 billion by 2030 , expanding at a CAGR of 4.6% from 2024 to 2030 , according to a report published by Grand View Research. The market growth is primarily driven by rising demand for platinum group metals (PGMs) in automotive catalytic converters, along with increasing applications in the chemical, electronics, and jewelry industries. Platinum group metals include platinum, palladium, rhodium, ruthenium, and iridium - elements known for their exceptional catalytic and chemical properties. These metals are widely used to reduce harmful vehicle emissions through catalytic converters, making them essential for meeting strict environmental regulations across major automotive markets. Growing government regulations aimed at reducing carbon emissions are further supporting the adoption of PGMs in the automotive sector. By metal type...