What is Catalysis?
Catalysis refers to the acceleration of a chemical reaction by a substance called a
catalyst, which is not consumed in the reaction. Catalysts are essential in various industrial processes, including the production of chemicals, pharmaceuticals, and fuels.
High R&D Costs: Developing new catalysts requires significant investment in research and development.
Scalability: Transitioning from laboratory to industrial scale can be complex and costly.
Regulatory Compliance: Meeting stringent environmental and safety regulations adds another layer of complexity.
Conclusion
In conclusion, the market potential for catalysis is substantial, driven by its critical role in enhancing the efficiency and sustainability of chemical processes. While there are challenges to overcome, the ongoing advancements and trends in the field suggest a bright future for catalysis, with significant opportunities for innovation and growth.
