Several factors can influence the cost of catalysts:
1. Raw Materials: The primary component of many catalysts is often a precious or rare metal, such as platinum, palladium, or rhodium. The cost of these raw materials can be exceptionally high. 2. Synthesis and Production: The complexity of synthesizing the catalyst can also add to its cost. Processes that require high purity or multiple steps can be more expensive. 3. Research and Development: Significant investment in R&D is often necessary to develop highly efficient catalysts. These costs are typically passed on to the end consumer. 4. Life Span and Regeneration: The longevity of a catalyst and the possibility of regenerating or recycling it can affect its overall cost-effectiveness.
