The forecast for the import of supported catalysts with precious metal or precious metal compounds to India indicates a declining trend from 2024 to 2028. Starting at 1.0628 million kilograms in 2024, imports are expected to decline steadily to 0.99087 million kilograms by 2028. This reflects an average annual decrease of approximately 1.7% over the forecast period. In comparison to 2023, where imports were at 1.085 million kilograms, the 2024 forecast shows a slight reduction, continuing the downward trend.

Future trends to watch for:

Technological advancements that may influence catalyst efficiency and demand.
Sustainability and environmental regulations affecting the use and composition of catalysts.
Market dynamics in the global supply chain for precious metals.
Economic factors influencing import policies in India.