How Do Catalysts Contribute to Cost Efficiency and Competitiveness?
Catalysts contribute to cost efficiency by enabling faster and more selective reactions, reducing the need for expensive reagents and lowering energy consumption. This, in turn, enhances the competitiveness of companies by allowing them to produce high-quality products at lower costs. For instance, in the pharmaceutical industry, efficient catalytic processes can expedite drug development and production, leading to faster time-to-market and competitive pricing.
