How does cost influence the choice of catalyst materials?
Cost is a significant factor in the selection of catalyst materials, especially for large-scale industrial processes. Precious metals like platinum, palladium, and rhodium are highly effective catalysts but are also very expensive. This drives the need for developing cheaper alternatives or using minimal amounts of these precious metals. Researchers are exploring various strategies, such as utilizing base metals or developing nanostructured catalysts, to reduce costs without compromising performance.
