Proprietary technologies play a crucial role in the field of catalysis for several reasons:
1. Competitive Advantage: They offer companies a unique selling point, enabling them to differentiate their products and services in the market. 2. Efficiency: Advanced proprietary catalysts can significantly improve reaction rates, selectivity, and yields, which translates to cost savings and higher productivity. 3. Sustainability: Many proprietary technologies aim to reduce environmental impact by increasing energy efficiency and reducing waste.