How do regulations influence the commercialization of catalytic processes?
Regulations play a crucial role in the commercialization of catalytic processes by ensuring that products meet safety, environmental, and performance standards. Regulatory approvals are often required before a new catalytic process can be brought to market, involving rigorous testing and validation. These requirements can prolong the development timeline and increase costs. However, meeting regulatory standards can also provide a competitive advantage, as compliant products are perceived as safer and more reliable. Companies that successfully navigate the regulatory landscape can gain market access and consumer trust.
