What are the Economic Impacts of High Catalyst Costs?
High catalyst costs can have significant economic implications. For industries that rely heavily on catalytic processes, such as the petrochemical industry and pharmaceutical manufacturing, the increased expenses can lead to higher production costs, which are often passed on to consumers. This can make end products more expensive and potentially less competitive in the market. Furthermore, small and medium-sized enterprises (SMEs) may find it challenging to invest in high-cost catalytic technologies, limiting their ability to innovate and grow.
