The import of supported catalysts with precious metals to the US shows a declining trend from 2024 to 2028. Forecasted import volumes decrease from 4.1664 million kilograms in 2024 to 3.6926 million kilograms in 2028. This indicates a year-on-year decrease of approximately 2.9% from 2024 to 2025, with a compound annual growth rate (CAGR) of -2.95% over the five-year period starting from 2024. In comparison, in 2023, imports were estimated around similar levels, indicating a gradual decline set to continue into the forecast period.
Future trends to watch include:
- Potential shifts in global precious metal availability impacting catalyst importation costs.
- Increased emphasis on sustainable and renewable materials possibly reducing reliance on precious metal-based catalysts.
- Technological advancements in catalyst efficiency potentially altering demand.