Lucintel Forecasts the Global Palladium Market to Reach $22.9 billion by 2030
Lucintel Forecasts the Global Palladium Market to Reach $22.9 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global palladium market looks
promising with opportunities in the catalyst, chemical manufacturing, electrical and
electronic, and jewelry markets. The global palladium market is expected to reach an
estimated $22.9 billion by 2030 from $16.9 billion in 2023, at a CAGR of 5.2% from
2024 to 2030. The major drivers for this market are increasing need for palladium in
diverse chemical manufacturing facilities, significantly growing oil and gas industry, and
rising demand for jewelry and photography sensors.
A more than 150-page report to understand trends, opportunity and forecast in
palladium market to 2030 by type (mineral source and recycling source), application
(catalyst, chemical manufacturing, electricals & electronics, jewelry, and others), and
region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that recycling source is expected to witness higher growth over the
forecast period due to increasing supply gap for palladium.
Within this market, catalyst will remain the largest segment due to rising transportation
activities.
Download sample by clicking on palladium market
North America is expected to witness highest growth over the forecast period due to
surge in automotive sales and growing consumer electronic consumption in the region.
Aberdeen International, Alfa Aesar, Anglo-American, ARM Platinum, BASF, Evonik,
Glencore are the major suppliers in the palladium market.
This unique research report will enable you to make confident business decisions in this
globally competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than
1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust
market & unmet needs analysis. We are based in Dallas, TX and have been a trusted
advisor for 1,000+ clients for over 20 years. We are quoted in several publications like
the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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