PHENYLETHYL MARKET TO REACH NEW HEIGHTS WITH USD 461.85 BILLION BY 2032 AND 5.7% CAGR

The market for phenylethyl demonstrated strong growth, reaching a valuation of USD 269.85 billion in 2022. It is expected to grow at a commendable Compound Annual Growth Rate (CAGR) of 5.7% to reach USD 461.85 billion by 2032. This incredible rise in demand can be ascribed to phenylethyl’s wide range of applications in industries such as polyme