From Plastics to Cosmetics: Global Chemicals Market Projected to Surge at 7.33% CAGR

Key Facts

• The growth of the market is driven by various factors, including a growing consumer base, increasing demand for plastics, rising consumption in the automotive industry, upswing in cosmetics manufacturing, and expansion of oil drilling and refining activities.
• • Increasing Demand for Plastics: The demand for plastics in various industries is fueling the growth of the chemicals market.
• • Surging Consumption in the Automotive Industry: The automotive sector's demand for chemicals for manufacturing and production is boosting the market.
• • Expansion of Oil Drilling & Refining Activities: The oil and gas industry's need for chemicals in drilling and refining is contributing to market growth.

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