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Market Outlook
On the basis of region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The market in Europe is driven by significant growth in the automobiles industry. Growing paints and coatings industry in emerging economies of China and India is expected to boost market share of Asia Pacific in the global market. The market in North America is mainly driven by the U.S. The U.S. is one of the major manufacturers of isopropyl alcohol. Presence of major pharmaceutical companies in the region is also expected to contribute to the market growth.
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