In 2023, the actual import of platinum catalysts in the form of wire cloth or grill to Germany stood at 10.00 thousand kilograms. From 2024 onwards, forecasts indicate a steady increase, with imports projected to reach 23.56 thousand kilograms by 2028. Year-on-year growth rates from 2024 to 2025 are 22.75%, from 2025 to 2026 are 18.36%, from 2026 to 2027 are 15.35%, and from 2027 to 2028 are 13.16%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 17.13%, indicating consistent growth in demand.
Future trends to watch for include:
- Technological advancements in catalytic processes that may increase the demand for platinum catalysts.
- Potential policy changes in environmental regulations impacting industrial emissions, possibly boosting the necessity for efficient catalytic converters.
- Market dynamics within the automotive and chemical sectors, which are significant consumers of catalytic materials.
- Global supply chain fluctuations that could affect the availability and pricing of platinum-based products.
