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| Region | Market Share (%) | Year-on-Year Growth (%) | Major Applications | Expert Commentary |
|---|---|---|---|---|
| North America | 35 | 5 | Food Industry, Pharmaceuticals | Increasing demand in food processing. |
| Europe | 30 | 4 | Cosmetics, Automotive | Sustainability trends driving growth. |
| Asia-Pacific | 25 | 7 | Industrial Applications, HVAC | Rapid industrialization boosts demand. |
| Latin America | 5 | 3 | Personal Care, Food Additives | Emerging markets presenting growth opportunities. |