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| Application Area | Research Focus | Industry Impact | Current Developments |
|---|---|---|---|
| Pharmaceuticals | Drug Development | Significant advancements in pain management therapies | New formulations and combination therapies |
| Agriculture | Pesticides and Herbicides | Reduction in crop loss due to pests | Biodegradable formulations in research |
| Material Science | Polymer Development | Innovative materials for electronics | Smart materials with self-healing properties |
| Cosmetics | Skincare Formulations | Improved anti-aging products | Focus on natural ingredients and sustainability |