The import of supported catalysts with nickel or nickel compounds to India is forecasted to increase from 1.6505 million kilograms in 2024 to 1.7829 million kilograms by 2028. This indicates a trend of steady growth in volume. Based on this data, there is a year-on-year increase of 2.1% from 2024 to 2025, 2% from 2025 to 2026, 1.9% from 2026 to 2027, and 1.8% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 1.95%.

Future Trends to Watch:

Shifts in the global supply chain affecting nickel availability.
Technological advancements in catalyst efficiency that may reduce the volume needed.
Policy changes regarding import tariffs and environmental regulations in India.