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(MENAFN - America News Hour) The Vacuum Contactor Market is predicted to grow with a robust CAGR during the forecast period. Some of the significant factors that are anticipated to drive the market are the growing investments from the multinational companies in several nations worldwide to develop production facilities that can promote the production growth, backed by the rising need for chemicals from several end-user industries for different end-use purposes. According to the statistical report titled Global Chemicals Outlook II , published by the United Nations Environment Programme, the global chemical industry s production capacity almost doubled to reach 2.3 billion tonnes in the year 2017 from 1.2 billion tonnes in the year 2000. Moreover, increasing spending on research and innovation (R & I) for the development of advanced chemicals is also anticipated to drive the growth of the market over the forecast period. ....

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