Volatility and declining demand, as well as eroding margins, pricing pressures, competition, inflation, cost increase, and supply issues, have all affected the chemicals industry in recent years. Growth can be achieved by the introduction of alternative sales channels, new areas of demand, and value chain digitization to improve visibility and efficiency.
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The global lime market reached a value of about USD 40.5 billion in 2021. The industry is projected to grow at a CAGR of around 3.30%. in the forecast period of 2022-2027 to reach a value of USD 48.6 billion by 2027.
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The global Sulfuric Acid Market size was valued at a production volume of approximately 288.67 MMT in the base year of 2021. In 2027, the global Sulfuric Acid market share is likely to attain a volume of around 315.67 MMT.
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The global Acrylonitrile Butadiene Styrene (ABS) Market reached a value of about USD 16.50 billion in 2021. The industry is projected to grow at a CAGR of around 6.0% in the forecast period of 2022-2027 to reach a value of about USD 23.41 billion by 2027.
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The Global Acetone Market reached a value of about 7.24 MMT in 2021. The industry is projected to grow at a CAGR of around 3.4% in the forecast period of 2022-2027 to reach a value of about 8.6 MMT by 2027.
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The Global Ammonia Market reached a value of about USD 64.3 billion in 2021. The industry is projected to grow at a CAGR of around 1.5% in the forecast period of 2022-2027 to reach a value of about USD 70.31 billion by 2027.
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The global Acrylic Acid Market reached a value of about 6.4 MMT in 2021. The industry is projected to grow at a CAGR of around 3.9% in the forecast period of 2022-2027 to reach a value of 7.5 MMT by 2027.
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The global Methanol Market share was valued approximately USD 39.63 Billion in the base year of 2021. In 2027, the global Methanol market size is likely to attain a value of around USD 51.13 Billion. The progress of the market throughout the projected years between 2022-2027 will be increasing at a CAGR of 4.3%.
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The global Benzene Market size was valued approximately USD 68.30 billion in the base year of 2021. In 2027, the global Benzene market share is likely to attain a value of around USD 80.53 billion. The progress of the market throughout the projected years between 2022-2027 will be increasing at a CAGR of 2.8%.
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The global Dimethicone Market share was valued approximately 253.38 Kilo MT in the base year of 2021. In 2027, the global Dimethicone Market size is likely to attain a value of around 304.06 kilo metric tons.
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The global Caustic Soda market reached a value of about 79.95 MMT in 2021. The industry is projected to grow at a CAGR of around 3% in the forecast period of 2022-2027 to reach a value of about 95.46 MMT by 2027.
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