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| Application Area | Current Usage Trends | Potential Market Growth | Regulatory Insights |
|---|---|---|---|
| Pharmaceuticals | Increasing due to innovative drug formulations | Estimated growth of 15% annually | Compliance with FDA regulations |
| Cosmetics | Popularity in anti-aging products | Projected growth of 10% over the next 5 years | Meets EU cosmetic safety standards |
| Agriculture | Adoption in pesticide formulations | Growth expected at 12% CAGR | Approval required by environmental agencies |
| Chemical Manufacturing | Rising use in specialty chemicals | 20% market increase foreseen | Must adhere to local regulations |