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Property Details
Chemical Name 4-Amino-3-methylphenol
Molecular Formula C7H10N2O
Molecular Weight 138.17 g/mol
Appearance Light Brown to Beige Powder
Solubility Soluble in Water & Alcohol
Applications Dyes, Pigments & Chemicals
Safety Information Handle with Care; Use Protective Equipment

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CAS 209216-23-9 Sets the Industry Standard Leads the Global Market

Market Trends of Specialty Chemicals (2019-2023)

The market for specialty chemicals has shown significant growth from 2019 to 2023, reflecting a robust demand across various industries, including automotive, construction, electronics, and agriculture. In 2019, the global market size was approximately $250 billion, and it has steadily increased to an estimated $390 billion in 2023. This upward trend indicates a compound annual growth rate (CAGR) of about 13%. Factors contributing to this growth include innovations in chemical manufacturing processes, the rising demand for sustainable and high-performance materials, and increased investment in research and development. Industries are progressively seeking specialized solutions to meet the challenges of modern applications, driving the market for these chemicals. The data represented in the line chart provides a clear visualization of this growth, underscoring the evolving landscape of the specialty chemicals market and its importance in the global economy.

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