MarketsandMarkets Presents

Explosion-Proof Lighting Market for Chemical & Pharmaceutical industry estimated to be the fastest growing segment, by End-User Industry during the forecast period

The Chemical & Pharmaceutical Industry in emerging economies such as India and China are growing rapidly and attracting high investments. For instance, according to an article published by Business Standard, the pharmaceutical industry in India attracted investments of approximately USD 1.7 billion in the year 2020 and is expected to grow faster in the years to come. Moreover, according to Invest India, the chemical & petrochemical industry in India is expected to grow to USD 300 Billion by 2025. All these factors are expected to strengthen the growth momentum of Explosion-Proof Lighting in the Chemical & Pharmaceutical Industry.