During the projected period 2018-2025, the global organic chemicals market is predicted to increase at a CAGR of 7.49 percent, from USD 8.63 billion in 2017 to USD 15.97 billion by 2025. The organic chemicals market is being driven by factors such as rising global population, fast urbanization, rapid development, rising disposable income levels in emerging nations, and increased R&D investments.
Chemical substances that contain carbon in their molecular structure are known as Organic Chemicals Market. Millions of compounds are generated as a result of carbon's catenation capability. Natural or manufactured substances can be used in this process. It's widely utilized in medical, biochemical, pharmaceutical, agrochemicals, plastics and polymers, and food and beverage sectors. According to World Bank data, food and beverage consumption is quickly expanding around the world as a result of the growing number of low-income individuals in emerging economies such as China and India.
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