Due to the global electronic trend, due to the fermentation effect of COVID-19, the work supply demand of raw materials is also affected by the market and loses the original order. The imbalance between supply and demand results in huge changes in prices and supply times.
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The competition is expected to intensify further with an increase in product extensions, technological innovations, and mergers and acquisitions. Key global players are expected to expand their presence worldwide during the forecast period, especially in APAC and Latin America regions, which are fast-growing ones.
