The import of supported catalysts, except nickel or precious metal compounds, to China is forecasted to steadily increase from 34.968 million kilograms in 2024 to 37.546 million kilograms in 2028. This trend illustrates a consistent growth in demand over the forecast period, with a year-on-year growth rate of approximately 1.9%, starting from the 34.968 million kilograms in 2023.
The compound annual growth rate (CAGR) for this period is estimated at around 1.8%, indicating a stable market expansion.
Future trends to watch for include:
- Technological advancements in catalyst efficiency.
- Environmental regulations influencing material preferences.
- Evolving industrial demands impacting import volumes.
- Geopolitical factors affecting trade agreements and supply chains.
