In 2024, the total global demand for palladium reached nearly ** ounces. By 2025, palladium demand is forecast to decrease to *** million ounces worldwide.Â
Palladium, a platinum group metal, is often used as a part of catalytic converters, which is involved in the conversion of the harmful substances in automotive exhaust into less harmful substances.
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Heraeus. (May 15, 2025). Demand for palladium worldwide from 2014 to 2024, with a forecast for 2025 (in 1,000 ounces) [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 19, 2026, from /statistics/418227/global-palladium-demand/
Heraeus. "Demand for palladium worldwide from 2014 to 2024, with a forecast for 2025 (in 1,000 ounces)." Chart. May 15, 2025. ÌÇÐÄÆÆ½â°æ. Accessed July 19, 2026. /statistics/418227/global-palladium-demand/
Heraeus. (2025). Demand for palladium worldwide from 2014 to 2024, with a forecast for 2025 (in 1,000 ounces). ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 19, 2026. /statistics/418227/global-palladium-demand/
Heraeus. "Demand for Palladium Worldwide from 2014 to 2024, with a Forecast for 2025 (in 1,000 Ounces)." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 15 May 2025, /statistics/418227/global-palladium-demand/
Heraeus, Demand for palladium worldwide from 2014 to 2024, with a forecast for 2025 (in 1,000 ounces) ÌÇÐÄÆÆ½â°æ, /statistics/418227/global-palladium-demand/ (last visited July 19, 2026)
Demand for palladium worldwide from 2014 to 2024, with a forecast for 2025 (in 1,000 ounces) [Graph], Heraeus, May 15, 2025. [Online]. Available: /statistics/418227/global-palladium-demand/