What are the primary cost components in catalysis?
The primary cost components in catalysis include raw material costs, production and manufacturing expenses, research and development (R&D) investments, and operational costs. Raw materials can be particularly expensive if they involve precious metals or rare earth elements. Production expenses encompass the costs associated with synthesizing and fabricating the catalysts, while R&D costs account for the efforts to innovate and improve catalytic processes. Operational costs include maintenance, energy consumption, and waste management.
