According to the latest study by Persistence Market Research, the global palladium market size is projected to be US$ 15.1 Bn in 2025 and is expected to reach US$ 20.5 Bn by 2032, expanding at a CAGR of 4.5% during the forecast period (2025-2032). The growth is primarily attributed to the rising demand for palladium in the automotive industry, where it plays a critical role in catalytic converters to control vehicle emissions. Additionally, its increasing adoption in electronics, jewelry, dentistry, and hydrogen purification systems further supports market expansion. The market statistics suggest that palladium ... (full story)