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Chemicals and Advanced Materials

The chemical industry is very diversified and complicated, as there are thousands of reactions forming many intermediates which cause the formation of a final product. It constitutes of inorganic chemicals, petrochemicals, polymers, fine and speciality chemicals, pharma chemicals, and consumer chemicals. The market witnessed technological advancement, alongside increasing investments in R&D and collaborations among various players for sustainable developments. The factors hindering the expansion of the renewable chemical market is that the high price compared to the traditional polymers and associated performance issues. However, with increasing research and innovation, improvement is predicted within the near future.

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