How does R&D investment influence the cost structure in catalysis?
R&D investment is crucial for developing more efficient and cost-effective catalysts. While initial R&D expenses can be substantial, successful innovations can lead to significant cost savings in the long run. Advanced catalysts with improved performance, longer lifespans, and lower raw material costs can result from targeted R&D efforts. Additionally, R&D can lead to breakthroughs in sustainable and green catalysis, potentially reducing environmental compliance costs and enhancing overall profitability.
