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  Market Summary The global market for platinum- and palladium-carbon catalyst is expected to register a CAGR of 4.0% to reach a value of USD 540 Million by 2024. The global platinum- and palladium-carbon catalyst market is expected to witness healthy growth during the forecast period on the account of rapid industrialization, rising demand for chemicals, increasing expenditure on research activities, and demand in the automotive industry. Platinum on carbon and palladium on carbon are used for catalytic hydrogenations in organic synthesis. Segment Analysis Based on metal, the platinum- and palladium-carbon catalyst market has been segmented into platinum-carbon catalyst and palladium-carbon catalyst. The platinum-carbon catalyst segment accounted for the largest share of the global market in 2018. The segment is expected to witness healthy growth during the forecast period, owing to the high demand in the automotive and chemical industries, due to its relatively low cost. The increas