Several economic constraints affect the deployment and development of catalytic processes:
Cost of Catalyst Materials: Many effective catalysts involve precious metals like platinum, palladium, and rhodium, which are expensive and subject to market fluctuations. Research and Development Costs: Developing new catalysts and optimizing existing ones require substantial investment in R&D, often spanning years before commercialization. Scalability: Transitioning from laboratory-scale to industrial-scale applications can be cost-prohibitive due to the need for specialized equipment and processes. Regulation and Compliance: Meeting environmental and safety regulations can add to the expense, particularly in processes involving hazardous materials.
