What is the Economic Impact of Catalysis on Industries?
The economic impact of catalysis on industries is profound. Efficient catalytic processes can significantly reduce production costs, enhance product yields, and minimize waste, leading to substantial economic benefits. However, the initial investment in catalysts and reactor setup, along with ongoing operational and maintenance expenses, must be carefully managed. A well-optimized catalytic process can offer a competitive advantage, making the upfront costs worthwhile for long-term gains.
