According to the latest market report published by Persistence Market Research, titled “ North America Market Study on Speciality Solvents: Pharmaceutical and Personal Care Segment to Exhibit above Average Growth during the Forecast Period 2016 - 2022 ,” the North America specialty solvents market was valued at US$ 37.8 Bn in 2015 and is anticipated to expand at a CAGR of 4.5% from 2016 to 2022, to reach a market value of US$ 51.2 Bn by 2022. Currently, the North America specialty solvents market is mainly driven by factors such as growing overall chemical industry output and consumption of these chemicals across various industries, increasing demand from the pharmaceuticals industry, and surge in overall industrial output. However, factors such as distribution channel and supply chain infringement and decreasing profit margins as a result of increasing market competition are some of the major challenges expected to be faced by market players in North America special
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