Raw Materials: The primary factor is the cost of the raw materials used. For instance, catalysts made from
platinum,
palladium, or other precious metals tend to be expensive.
Manufacturing Process: The complexity and energy requirements of the catalyst manufacturing process also play a role in determining cost.
Longevity and Efficiency: Catalysts that last longer and maintain high efficiency over time may be more cost-effective in the long run, even if their initial cost is high.
Alternative Materials: Research is ongoing to find
alternative materials that can replace expensive metals. For example, using
transition metal complexes instead of precious metals.
Recycling and Reuse: Implementing efficient recycling processes can mitigate costs by recovering and reusing catalysts.
Nanotechnology: Utilizing
nanostructured catalysts can increase surface area and enhance catalytic activity, potentially reducing the amount of catalyst needed.