In 2023, the import of supported catalysts with precious metal to the UK likely stood at a baseline level preceding the forecast data. From 2024 to 2028, the forecast predicts a steady increase in imports from 28.401 million kilograms to 34.078 million kilograms. This indicates a compounded annual growth rate (CAGR) of around 4.7% over the five-year period. Year-on-year growth consistently ranges from approximately 5% to 6%, suggesting a stable upward trend.
Future trends to watch include:
- Advancements in catalyst technology that could impact demand.
- Fluctuations in precious metal prices may influence import volumes.
- Policy changes surrounding environmental regulations and industrial usage.
