The forecast for Brazil's import of supported catalysts with precious metals or precious metal compounds as the active substance indicates a steady growth from 2024 to 2028. The annual import volume is projected to increase yearly by approximately 3 to 4% based on year-on-year variations. The compound annual growth rate (CAGR) over the forecasted period is about 3.2% per year, illustrating a consistent upward trend. In 2023, the import volume stood at an estimated 2.74 million kilograms, marking this growth trajectory from a solid base.
Future trends to watch for:
- Global market dynamics that might impact raw material availability and pricing.
- Technological advancements in catalyst efficiency impacting demand.
- Policy changes in Brazil influencing local manufacturing and importation rates.
- Shifts in key industries such as automobile and chemicals that extensively utilize these catalysts.
