| Product Code: ETC8631598 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import of PGM catalysts to Nigeria in 2024 saw significant contributions from top exporting countries such as Netherlands, South Africa, Metropolitan France, USA, and India. Despite the high Herfindahl-Hirschman Index indicating market concentration, the compound annual growth rate (CAGR) from 2020 to 2024 stood at -16.44%, with a notable growth rate of 25.96% from 2023 to 2024. This suggests a dynamic market landscape with opportunities for further expansion and diversification in the PGM catalyst import sector in Nigeria.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria PGM Catalyst Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria PGM Catalyst Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria PGM Catalyst Market - Industry Life Cycle |
3.4 Nigeria PGM Catalyst Market - Porter's Five Forces |
3.5 Nigeria PGM Catalyst Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Nigeria PGM Catalyst Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Nigeria PGM Catalyst Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Nigeria PGM Catalyst Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for PGM catalysts in the automotive industry due to stricter emission regulations. |
4.2.2 Increasing investments in oil and gas exploration and production activities in Nigeria. |
4.2.3 Rising awareness about environmental sustainability driving the adoption of PGM catalysts in various industries. |
4.3 Market Restraints |
4.3.1 Volatility in PGM prices impacting the overall production cost of catalysts. |
4.3.2 Fluctuations in the global economy affecting investments in industrial activities in Nigeria. |
5 Nigeria PGM Catalyst Market Trends |
6 Nigeria PGM Catalyst Market, By Types |
6.1 Nigeria PGM Catalyst Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Nigeria PGM Catalyst Market Revenues & Volume, By Material, 2021- 2031F |
6.1.3 Nigeria PGM Catalyst Market Revenues & Volume, By Platinum (Pt), 2021- 2031F |
6.1.4 Nigeria PGM Catalyst Market Revenues & Volume, By Palladium (Pd), 2021- 2031F |
6.1.5 Nigeria PGM Catalyst Market Revenues & Volume, By Ruthenium (Ru), 2021- 2031F |
6.1.6 Nigeria PGM Catalyst Market Revenues & Volume, By Rhodium (Rh), 2021- 2031F |
6.1.7 Nigeria PGM Catalyst Market Revenues & Volume, By Iridium (Ir), 2021- 2031F |
6.2 Nigeria PGM Catalyst Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Nigeria PGM Catalyst Market Revenues & Volume, By Heterogeneous PGM catalyst, 2021- 2031F |
6.2.3 Nigeria PGM Catalyst Market Revenues & Volume, By Homogeneous PGM catalyst, 2021- 2031F |
6.3 Nigeria PGM Catalyst Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Nigeria PGM Catalyst Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.3.3 Nigeria PGM Catalyst Market Revenues & Volume, By Agrochemicals, 2021- 2031F |
6.3.4 Nigeria PGM Catalyst Market Revenues & Volume, By Chemicals Manufacturing, 2021- 2031F |
6.3.5 Nigeria PGM Catalyst Market Revenues & Volume, By Flavors & Fragrances, 2021- 2031F |
6.3.6 Nigeria PGM Catalyst Market Revenues & Volume, By Other End-Use, 2021- 2031F |
7 Nigeria PGM Catalyst Market Import-Export Trade Statistics |
7.1 Nigeria PGM Catalyst Market Export to Major Countries |
7.2 Nigeria PGM Catalyst Market Imports from Major Countries |
8 Nigeria PGM Catalyst Market Key Performance Indicators |
8.1 Percentage of vehicles in Nigeria meeting Euro emission standards. |
8.2 Number of new oil and gas projects utilizing PGM catalyst technology. |
8.3 Adoption rate of PGM catalysts in non-traditional industries in Nigeria. |
9 Nigeria PGM Catalyst Market - Opportunity Assessment |
9.1 Nigeria PGM Catalyst Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Nigeria PGM Catalyst Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Nigeria PGM Catalyst Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Nigeria PGM Catalyst Market - Competitive Landscape |
10.1 Nigeria PGM Catalyst Market Revenue Share, By Companies, 2024 |
10.2 Nigeria PGM Catalyst Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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