In any catalytic reaction if we use the recovered catalyst again (in the same reaction); then in most of the cases diminished reactivity or selectivity of the catalyst is observed. why its so?
Reused catalyst is poisoned eg PD/ C is easily poisoned.And other catalyst have problems that there surface active sites are blocked or reduced. As surface area plays a major role in nanocatalysis.
Eugene is correct, there are always some reactions that lead to coking, poisoning and general fouling that lead to activity losses in the catalyst. For heterogeneous transition metal type catalyst you may be able to regenerate the active sites through thermal, chemical, or mechanical means. See references below.
The case of heterogeneous catalysts has already been taken care of in the above discussions. I would like to cite the example of zeolite catalysts, that are used in various reactions. In such cases, catalyst deactivation can happen due to coking of the catalyst, giving rise to killing of the active sites. Formation of oligomeric by-products can also choke the pores, which can also cause deactivation.
In case of homogeneous catalysts, there can be a few reasons for the reduction in catalytic activity. Here, the catalyst, in general, remain in the distillation residue.
Some of the reasons could be, (a) decomposition of the catalyst (sulphonic acid catalysts), (b) presence of polymeric material formed as by-product (for example, in case of trans-esterification of acrylic acid esters), which can camouflage the catalyst (c) relatively large amount of residue formation, that can effectively reduce the catalyst concentration in the reaction mixture.