This is a bit of a qualitative question.
A rigorous treatment of QFT comes down to making sense of multiplication of distributions, as far as I understand. This is in the aim of constructing and manipulating with the interacting field operators after all.
For this purpose, I am under the impression that the theory of regularity structure is regarded as a powerful tool these days.
However, the approach by means of the Colombeau algebra does not seem as popular, though it seems more general in nature.
Could anyone please explain the reason for this?
I would appreciate any insight.