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Property Value Notes
CAS Number 122584-18-3 Unique identifier for chemical substances
Molecular Formula C10H12N2O2 Chemical composition of the compound
Molecular Weight 192.22 g/mol Weight of one mole of the substance
Appearance White to light yellow crystalline powder Physical form of the compound
Solubility Soluble in DMSO, slightly soluble in water Behavior of the substance in different solvents
Usage Research and development in pharmaceuticals Application of the compound
Storage Conditions Store in a cool, dry place Recommended storage practices

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Global Growth Trends in Chemical Supply Industry (2019-2023)

The chemical supply industry has witnessed remarkable growth over the past five years, as indicated by the data showcased in the chart. The market value has steadily increased from 250 billion USD in 2019 to an anticipated 350 billion USD by 2023. This consistent upward trend reflects the rising demand for chemicals across various sectors, including manufacturing, agriculture, and pharmaceuticals. Factors such as technological advancements, increased production capabilities, and expanding global markets have all contributed to this growth. The data indicates a compound annual growth rate (CAGR) of approximately 16% within this timeframe, which underscores the industry's resilience and its ability to adapt to changing market dynamics. As the demand for specialized chemicals continues to evolve, key players in the industry are likely to invest in research and development to innovate and meet the diverse needs of their clientele, setting the stage for future expansion and sustainability in the chemical supply sector.

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