Global Palladium Market: Size and Trends with Impact of COVID-19 and Forecast up to 2028

The palladium primary supply can be subdivided based on its origin, including regions such as Russia, South Africa, North America, Zimbabwe, and others.
DELHI, India - Sept. 30, 2023 - PRLog -- Palladium, represented by the symbol Pd and possessing an atomic number of 46, is a distinct silvery-white metal prized for its rarity and diverse applications. Part of the platinum group of metals, it stands out due to its exceptional ability to absorb vast amounts of hydrogen. The primary locus of palladium demand is the auto sector. Moreover, its catalytic properties make it essential in various chemical processes. The palladium demand would be constrained by growth in electric vehicles and ongoing substitution with lower-priced Platinum. And, China is the biggest consumer and importer of palladium. The global palladium market demand in 2022, was valued at 10.04 million oz.

Palladium, a silvery-white metal, has seen a surge in demand in recent years, largely attributed to its pivotal role in the production of catalytic converters for vehicles. Historically, the intrinsic characteristics of palladium, such as its durability, resistance to corrosion, and catalytic capabilities, have made it a metal of choice in the automobile sector. However, supply-side challenges, particularly stemming from geopolitical tensions and restricted production from major mining regions like South Africa and Russia, have added pressure to the market. This imbalance between demand and limited supply has precipitated significant price escalations, drawing enhanced attention to the metal's economic and environmental importance. Recycled supply has gained importance in supplementing primary supply, having contributed almost one-third of the total supply in 2022. The global palladium market supply is likely to reach 11.02 million oz by 2028. The global Palladium market supply is projected to grow at a CAGR of 3.17% during the forecast period of 2023-2028.

Further, key players in the Palladium market are:

Johnson Matthey PLC
Nornickel (Norilsk Nickel)
Glencore PLC
Vale S.A.
Anglo-American Platinum (Amplats)
Impala Platinum Holdings (Implats)
Palladium One Mining Inc.
Platinum Group Metals Ltd.
Eastern Platinum (Eastplats)

Strategic collaborations have become a hallmark of this industry. In April 2023, by acquiring onefourzero, the Palladium Group broadened its spectrum to encompass digital M&A consultancy services. Such companies not only shape the supply dynamics but also influence price trends, research, and technological advancements in the sector. Their influential positions emphasize the need for vigilance from regulatory bodies to ensure competitive practices and prevent market manipulation.

For further details, kindly visit :

Rajeev Kumar

(Business Development Manager)

Address:  36 SFS Flats

Paschim Vihar

New Delhi-110063

Mobile: +91-9811715635

Tel: +91-120-4553017

Mail ID -

Rajeev Kumar
+91- 9811715635
Source: » Follow
Email:*** Email Verified
Tags:Global Palladium Market
Location:Delhi - Delhi - India
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Daedal Research News
Most Viewed
Daily News

Like PRLog?
Click to Share