Forecast: Import of Supported Catalysts, Except Nickel or Precious Metal Compounds as the Active Substance to India

From 2023 onwards, India's import of supported catalysts excluding nickel or precious metals as active substances begins at 14.0 million kilograms. Projections show a steady rise to 16.123 million kilograms by 2028. This equates to year-on-year increases: 2.97% in 2025, 2.81% in 2026, 2.69% in 2027, and 2.56% in 2028. The compound annual growth rate (CAGR) envisaged from 2023 to 2028 is approximately 2.73%. These figures suggest a consistent upward trend in imports for the coming years.

Future trends to watch include:

  • Advancements in industrial processes may demand different catalysts, potentially affecting imports.
  • Regulatory changes focusing on sustainability could alter demand for certain catalyst imports.
  • Economic growth and industrial expansion in India might further increase the demand for non-precious metal catalysts.

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