UK Platinum Market

the uk platinum market is expected to offer a bright outlook over the period of 2018-2032. this is primarily due to arising use in advanced medical and industrial applications. despite its rarity and high cost, platinum is a resilient metal and provides tremendous potential for advanced industrial use. in the medical field, platinum is an essential part of the manufacture of pacemakers and other heart-assistive implants. it is also used to coat prosthetics such as artificial joints. its electrical properties make it an indispensable component in medical instrumentation and surgery. with the global population expected to rise, demand for medical technologies, treatments, and devices will drive up demand for the metal. at the industrial level, platinum’s great tensile strength and resistance to corrosion make it ideal for use in automotive and aerospace components and in the manufacture of protective coating. its high melting point also makes it useful in process and energy plant manufacturing. as standards of living continue to rise in the uk, these industries will become more important and the demand for platinum will grow. other sectors in the uk, including manufacturing and refining, are also using more and more of the metal as a part of their production process. these types of operations require platinum’s unique properties such as its electrical conductivity and chemical endurance. with the industrialisation of the nation's manufacturing system, this usage will drive the demand for the metal even higher. the uk platinum market will thus remain buoyant over the next decade and a half, driven largely by the high demand for the metal in the medical and industrial sectors. with the uk's population expected to increase and progress made in terms of manufacturing and refining, it is safe to say that the demand for the metal will continue to experience a strong growth rate.