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The increasing cyber threats on critical infrastructure and the growing adoption of industrial automation and IoT are driving the demand for the market.
The promising growth of the market is driven by the higher expansion in the processed foods and ready-to-serve foods market and the increasing demand from developing economies.
Increasing usage of cathode materials in Lithium-ion batteries in Electric Vehicles and growing demand for consumer electronics are driving the demand of the market.
Strict regulatory framework of government regarding environmental issues and growing demand from the industrial and power applications are driving the demand of the market.