APRIL 20238PANORAMAHOW NEW TECHNOLOGIES ARE REDEFINING CATALYST ANALYSISOne of the things which makes catalysts stand out as specialty chemicals is its high profitability of the segment ­ coupled with high-performance thermoplastics, flavors & fragrances, & food additives, catalysts are amongst the leaders here. While the other specialty chemicals begun to suffer from commoditization & therefore, slump in profitability owing to the surge in number of production facilities & producers, catalyst producers foresaw this threat over a decade ago & they stopped from selling licenses to 3rd parties hence regulating the supply side of the market. Also, all the new production facilities that emerged in the last few years are wholly or partially owned by the current catalyst producers. Hence, such an approach seems to work as a guarantee of sorts. The cost effective production of agro chemicals, active pharmaceutical ingredients, nutrition components/flavors & fragrances gains high importance in the industry.Catalysts play a major role in most reaction steps & their maximum selection & operation makes sure the
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