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Property Details
Chemical Name 2-Methyl-2-(4-methylphenyl)propane
Molecular Formula C12H18
Molecular Weight 162.27 g/mol
Boiling Point 158-160 °C
Melting Point -70 °C
Solubility Soluble in organic solvents
Applications Used in chemical synthesis and as a solvent

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Innovation and Partnership in the Chemical Industry (2023)

This chart illustrates the allocation of investments towards various innovation and partnership initiatives within the chemical industry in 2023. The data indicates a significant focus on research and development (R&D), with $120 million allocated, highlighting the industry's drive for innovation at its core. The next highest investment area is product development, receiving $95 million, emphasizing the importance of creating new chemicals and products to meet evolving market demands. Customer engagement, sustainability initiatives, and market expansion are also key focus areas, though with lower investment figures of $75 million, $65 million, and $50 million respectively. This distribution of funds underscores a holistic approach to innovation, where partnerships play a vital role in fostering collaboration and advancing technology, while also addressing sustainability challenges in the chemical sector. The projection for these investments outlines a pathway for future growth and responsiveness to industry trends, marked by the need for continuous innovation.

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