What Are the Challenges in Achieving Market Acceptance?
Despite the potential benefits, several challenges can hinder the market acceptance of catalytic technologies:
High Initial Costs: The development and implementation of new catalytic processes can require significant initial investment, which may deter adoption, especially for small and medium-sized enterprises. Technical Uncertainties: Uncertainties related to the technical performance and long-term stability of new catalysts can pose risks to potential users. Market Dynamics: The presence of well-established technologies and market players can make it difficult for new catalytic technologies to penetrate the market. Regulatory Hurdles: Navigating complex regulatory landscapes and obtaining necessary approvals can be time-consuming and costly.
