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Property Value
Chemical Formula C9H11NO2
Molecular Weight 165.19 g/mol
Boiling Point 250 °C
Melting Point -3 °C
Solubility in Water Slightly soluble
Applications Used in pharmaceuticals and research
Safety Precautions Handle with care, wear appropriate PPE
Storage Conditions Store in a cool, dry place

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Projected Market Growth of Chemical Industry (2023-2025)

The projected market growth of the chemical industry from 2023 to 2025 illustrates a promising upward trend. In 2023, the market is expected to witness a growth rate of approximately 4.5%. This growth is attributed to various factors, including increasing demand for specialty chemicals and innovations in sustainable practices. By 2024, the growth rate is anticipated to rise to 5.2%, driven by advancements in research and development that lead to more efficient production processes. The trend is expected to continue into 2025, where a significant growth rate of 6.0% is projected, reflecting the industry's adaptation to emerging environmental policies and market needs. This data underscores the importance of leveraging expertise and innovative strategies to maintain competitive advantage and capitalizing on the market opportunities that are expected to arise over this period.

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