market expansion:

What are the Challenges in Market Expansion?

Despite the opportunities, several challenges exist:
High R&D Costs: Developing new catalysts requires significant investment in research and development.
Regulatory Hurdles: Navigating different regulatory landscapes can be complex and time-consuming.
Market Competition: The presence of established players and potential new entrants increases competition.
Supply Chain Issues: Ensuring a reliable supply of raw materials and managing logistics can be challenging, especially in new markets.

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