What is the risk of technological obsolescence in Catalysis?
Catalysis is a rapidly evolving field with continuous advancements in catalyst design and process optimization. There is always a risk that a current catalytic technology may become obsolete due to the development of more efficient or cost-effective alternatives. Companies investing heavily in a particular catalytic technology may face significant financial losses if a superior technology emerges. Therefore, ongoing research and development are crucial to stay competitive and minimize this risk.
