Chemical Licensing Market Worth 13.81 Billion USD by 2022
The growth can be attributed to the increased demand for chemical licensing from the oil & gas and chemical industries. The rise in demand for new technologies in chemical manufacturing to meet the needs of end-users is pushing the demand for chemical licensing in the region. The increasing stringent regulations imposed by various countries/organizations is forcing chemical manufacturers to focus on the development of eco-friendly and sustainable technologies for the production of various derivatives.
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