What are the Challenges in Revenue Generation in Catalysis?
Despite the opportunities, there are challenges in generating revenue in catalysis:
High R&D Costs: Developing new catalysts and conducting extensive testing can be costly and time-consuming. Market Competition: The presence of established players can make it challenging for new entrants to gain market share. Regulatory Hurdles: Compliance with stringent regulations can add to the costs and complexity of bringing new catalysts to market.
