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Technavio’s market research analyst predicts the global advanced process control (APC) software market in chemicals industry to grow steadily at a CAGR of around 7% during the forecast period. The rising investments in the US chemical industry is expected to drive the market growth during the forecast period. The economic recovery in the region has boosted the sale of light vehicles, appliances, and construction materials. The automotive and real estate sectors are the major end-user markets for chemicals in the US. For instance, during 2015, nearly 215 new chemical production projects with a market value of around USD 135 billion were started to cater to the rising demand from end-user industries.
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