Substantial growth has been charted by the chemicals and materials industry in the recent past on account of the introduction of novel products, the increasing environmental alertness, growth in budding markets, and altering preferences of the consumer. Furthermore, increasing resource cost and government policies are also likely to impact the growth of the industry. At present, to maintain the growth chart, the industry requires to address a few aspects such as environmental protection, economic growth, and social responsibility. Thus, the development of renewable and bio-based chemicals and material is likely to become the new trend in the industry helping boost its growth.
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