Gobal Chloro(1,5-cyclooctadiene)iridium (I) Dimer market demonstrates steady expansion, valued at USD 15.6 million in 2024 with projections indicating a rise to USD 19.5 million by 2032, reflecting a 2.4% CAGR during the forecast period. This growth is primarily driven by increasing applications in organic synthesis, particularly in hydrogenation reactions and carbon-hydrogen bond activation processes where this iridium-based catalyst delivers superior performance.