Market dynamics play a crucial role in determining the cost of catalysts. Supply chain disruptions, changes in _regulatory policies_, and shifts in _global demand_ for certain chemicals can all cause price variations. For instance, an increase in demand for _electronic devices_ could spike the price of certain rare earth metals used in catalysis, thereby increasing the overall cost. Conversely, advancements in _recycling technologies_ can help in recovering these metals, potentially stabilizing prices.
