Press release
Market study on expected growth for Palladium
Palladium is a lustrous silvery-white rare metal used in a diverse range of applications. The metal with other elements such as osmium, iridium, ruthenium, rhodium, and platinum are referred to as Platinum Group Metals (PGM). Palladium is majorly consumed in the automotive industry as catalytic converters, manufacturing of electronics and jewelry, as well as chemical and dental applications. Palladium is sourced from two major sources, viz., mine production and recycling.Request Report for TOC @ https://www.persistencemarketresearch.com/toc/4339
The global market for palladium is likely to experience significant growth with declining demand for metals and increasing demand for recycling metals, leading to palladium demand outstripping the supply. In addition, changing prospects of investments in palladium have also contributed to the growth of the market. Several new palladium exchange-traded funds by companies such as Absa Capital in South Africa are expected to create a significant boost for the palladium market.
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.
Request to Sample of Report- https://www.persistencemarketresearch.com/samples/4339
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.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web:https://www.persistencemarketresearch.com/
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 Market study on expected growth for Palladium here
News-ID: 952043 • Views: …
More Releases from Persistence Market Research
Automotive MRO Industry Forecast to Hit US$ 171.3 Billion by 2032, Advancing at …
The global Automotive MRO (Maintenance, Repair, and Operations) market is experiencing steady growth, driven by the increasing need for vehicle maintenance services and aftermarket support across passenger and commercial vehicles. According to Persistence Market Research, the market is expected to reach a value of US$171.3 Bn by 2032, up from US$126.7 Bn in 2025, reflecting a CAGR of 4.4% during the forecast period of 2025 to 2032. The market growth…
Global Automotive Horn Industry Forecast at US$3.3 Billion by 2032, Led by Compa …
The automotive horn market plays a crucial yet often understated role in the global automotive ecosystem, serving as a primary safety and communication component across vehicle categories. Automotive horns are mandated safety devices designed to alert pedestrians, cyclists, and other vehicles, thereby reducing the risk of collisions in diverse traffic environments. As global vehicle production and on-road vehicle density continue to rise, the relevance of reliable and effective horn systems…
Aircraft Flight Control System Market to Hit US$ 45.7 Billion by 2033 as Key Pla …
The Aircraft Flight Control System Market represents a critical pillar of the global aerospace and aviation ecosystem, enabling safe, efficient, and precise aircraft operations across commercial, military, and general aviation platforms. Flight control systems are responsible for managing aircraft stability, maneuverability, and responsiveness by translating pilot or automated inputs into aerodynamic actions. As aviation technology continues to evolve, these systems have transformed from purely mechanical assemblies into highly integrated digital…
U.S. & Canada Bicycle Accessories Market to Hit US$3.7 Billion by 2033 as Key Pl …
The U.S. & Canada bicycle accessories market is undergoing a notable transformation as cycling continues to gain traction as a preferred mode of transportation, fitness activity, and recreational pursuit. Changing urban mobility patterns, increasing focus on personal health, and a growing emphasis on eco-friendly transportation are reshaping the demand landscape for bicycle accessories across North America. From safety gear and lighting systems to advanced smart accessories, the market is evolving…
More Releases for Palladium
Mezzanine Floor Manufacturer in India | Palladium Dynamics
Mezzanine Floor Manufacturer | Leading the Future of Industrial Space Optimization
When it comes to optimizing industrial or commercial spaces without the need for new construction, mezzanine floors stand out as the ultimate solution. As a trusted Mezzanine Floor Manufacturer in India, Palladium Dynamics designs, engineers, and installs robust and modular mezzanine floor systems tailored to your business needs.
🏗️ Who We Are - Palladium Dynamics
Palladium Dynamics is a leading name in…
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…
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…
