The UK's import of supported catalysts with nickel or nickel compounds is projected to decrease steadily from 2024 to 2028, dropping from 684.49 thousand kilograms to 568.28 thousand kilograms. This suggests a year-on-year reduction, with an average compound annual growth rate (CAGR) highlighting a consistent decline over the five-year forecast period. The import volume was higher in 2023, underscoring the downward trend in subsequent years. This drop may reflect changes in industrial demand, supply chain diversification, or shifts towards alternative technologies.
Future trends to watch include advancements in catalyst technologies that might replace nickel-based options, policy shifts regarding imports and material sourcing, and economic factors impacting manufacturing sectors reliant on these catalysts. Additionally, environmental regulations could drive innovation in catalyst compositions, influencing imports further.
