Press release
Palladium Market Analysis: Growth Projections with Compound Annual Growth Rate (CAGR 15%) by 2023
Palladium Market
The Palladium Market is a key component of the global economic system and has been subject to volatile price swings in recent years. Palladium is a rare, silvery-white metal found mainly in South Africa and Russia, and is used heavily in automotive production, electronics manufacturing, and jewelry fabrication.
Current State of the Market:
The palladium market has been experiencing significant growth over the past few years. The CAGR for palladium is going to increase by 15% in 2023, driven mainly by the automotive industry. Palladium is used in catalytic converters to reduce emissions in gasoline-powered vehicles, and as the demand for cleaner and more fuel-efficient cars continues to grow, so does the demand for palladium.
Click on the link for sample report: https://www.persistencemarketresearch.com/samples/4339
Palladium demand is expected to outpace supply due to decreased metal demand and rising need for recycling metals, which would result in significant rise in the global market for the metal. Additionally, the market has expanded as a result of shifting investment prospects for palladium. The launch of several new palladium exchange-traded funds by organisations like Absa Capital in South Africa is anticipated to give the palladium market a significant boost.
Growing demand for palladium in catalytic converters in the automotive industry in vehicles exhausts are one of the major growth factors driving the palladium market. Demand for the metal from other sectors such as jewelry and industrial are also anticipated to contribute to the growth of the market. However, rising prices of palladium owing to supply issues in South Africa and declining state stockpiles in Russia are expected to hamper the growth of the market.
North America was the largest consumer for palladium, followed by China owing to the presence of the vast automotive industry in the region. Future market growth is expected to be from Asia Pacific with the growing industrial activities in emerging economies such as India. These factors are expected to provide new opportunities for the growth of the market.
Aquarius Platinum, Stillwater Mining, Lonmin, First Quantum Minerals, GlencoreXstrata, Lundin Mining, and North American Palladium Ltd. are some of the major manufacturers of palladium dominating the market.
This report covers a thorough analysis of:
• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain
Click on the link for customized report: https://www.persistencemarketresearch.com/request-customization/4339
Regional analysis includes:
• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)
Report highlights:
• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint
Click on the link to pre-book the report: https://www.persistencemarketresearch.com/checkout/4339
Related Reports -
Cerium Market: https://www.persistencemarketresearch.com/market-research/cerium-market.asp
Diatomite Market: https://www.persistencemarketresearch.com/market-research/diatomite-market.asp
Industrial Gases Market: https://www.persistencemarketresearch.com/market-research/industrial-gases-market.asp
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Palladium Market Analysis: Growth Projections with Compound Annual Growth Rate (CAGR 15%) by 2023 here
News-ID: 2948590 • Views: …
More Releases from Persistence Market Research
Fiber Drums Market Valued for Steady Growth with Rising Adoption Across Industri …
➤Overview of the Market
The global fiber drums market is witnessing consistent growth as industries seek cost-effective, lightweight, and sustainable packaging alternatives to metal and plastic containers. Fiber drums, crafted from layers of paperboard or unbleached Kraft paper, are increasingly preferred for shipping a wide range of goods, including food ingredients, dyes, adhesives, pharmaceuticals, and even certain hazardous materials. Their customizable design, recyclability, and ability to meet regulatory standards make them…
Ophthalmic Packaging Market to Surpass US$ 19 Bn by 2032 with Strong 16.4% CAGR …
➤High Demand for Multi-Dose Solutions and Patient-Centric Packaging Fuels Expansion
According to the latest study by Persistence Market Research, the global Ophthalmic Packaging Market was valued at US$ 4.2 Bn in 2021 and is anticipated to grow at a compelling CAGR of 16.4% from 2022 to 2032, reaching an estimated US$ 19 Bn by 2032. Rapid growth in eye-care treatments, rising geriatric population, and technological innovations in sterile drug delivery are…
Residential Boiler Market to Reach US$ 17.2 Billion by 2031 Driven by Energy-Eff …
➤Overview of the Market
According to the latest study by Persistence Market Research, the global residential boiler market is projected to grow from US$ 12.2 billion in 2024 to US$ 17.2 billion by 2031, registering a steady CAGR of 5.1%. The increasing focus on energy-efficient heating solutions, rapid urban housing development, and growing consumer awareness about low-emission appliances are key forces driving this expansion.
The residential boiler market plays a critical role…
Europe Solar Panel Market Projected to Reach US$62.8 Bn by 2031 with 7.5% CAGR - …
➤ Overview of the Market
The Europe solar panel market is experiencing robust growth as nations accelerate their shift toward renewable energy. Solar power has become a cornerstone of Europe's climate-neutral strategy, supported by stringent emission regulations, declining technology costs, and government incentives. Increasing consumer awareness regarding environmental sustainability, coupled with rising energy prices, has created a favorable environment for solar adoption across residential, commercial, and utility-scale applications. With countries targeting…
More Releases for Palladium
Palladium Price Trend and Global Market Dynamics
Palladium, a rare and highly valuable precious metal, has gained immense importance in global markets, especially due to its indispensable role in automotive catalytic converters. Its price movements are highly sensitive to industrial demand, mining output, geopolitical events, and economic sentiment. Tracking the Palladium Price Trend offers crucial insights for stakeholders in the automotive, electronics, jewelry, and investment sectors.
This detailed report explores the current palladium market landscape, historical pricing behavior,…
Global Palladium Membrane Industry Chain Analysis Report 2025
On Jul 11, the latest report "Global Palladium Membrane Market 2025 by Manufacturers, Regions, Types and Applications, Forecast to 2031" from Global Info Research provides a detailed and comprehensive analysis of the global Palladium Membrane market. The report provides both quantitative and qualitative analysis by manufacturers, regions and countries, types and applications. As the market is constantly changing, this report explores market competition, supply and demand trends, and key factors…
Identifying Palladium Capacitors: A Comprehensive Guide
In the world of electronics, capacitors play a vital role in storing and releasing electrical energy, ensuring smooth operation of various devices. Among the various types of capacitors, palladium capacitors stand out for their unique properties and applications. However, identifying these capacitors can be challenging due to their specialized nature and the complexity of the market. This blog post aims to provide a comprehensive guide on how to identify palladium…
Palladium Market to Garner Brimming Revenues by 2026
Palladium Market: Overview
Palladium is a chemical element named after asteroid Pallas. It is denoted with atomic number 46 and symbol 'Pd.' Palladium is lustrous silvery white metal and is rarely found. It is assigned with platinum group of metals (PGMs), as they all have uniform chemical properties. The platinum group of metals consists of palladium, ruthenium, rhodium, platinum, osmium, and iridium. However, palladium is the least dense and has the…
Top 5 Producers Of Palladium Today
The production statistics below are compiled from company annual and operation reports
available from producer websites and is solely based on the website of PMVC Fund
www.pmvcfund.com. Refined platinum production numbers for each company can be found
beside the company’s name.
Norilsk Nickel – 2,731,000 ozs
MMC Norilsk Nickel (“Norilsk”) is the world’s largest producer of nickel (accounting for 17
percent of global production) and palladium (41 percent), and a top ten producer of copper.
The company…
Could Palladium Become More Valuable Than Gold?
For the first time in 16 years, the value of palladium is about to overtake the value of Gold.
The price of palladium has risen more the 30% in the last 6 months and progressively rising.
As of of today 9th October 2018 the current price of Palladium stands at €27,357.02 per kilogram, the highest ever it has risen too.
In addition to palladium’s record-climb last Friday, the metal also managed to trade…
