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Moreover, the production of aluminum has become increasingly efficient. Advances in technology have resulted in lower energy consumption during the manufacturing process. Many manufacturers are now utilizing renewable energy sources, further reducing their carbon footprint and contributing to a more sustainable future.
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3. Market Demand and Supply Demand for HPMC tends to rise with the growth of industries using this polymer. For example, the pharmaceutical industry requires high-quality HPMC for drug formulation. A surge in demand from particular sectors, especially during global health crises, can lead to price increases. Moreover, supply chain issues, such as transportation delays or manufacturing halts, can compound these challenges, leading to further price hikes.
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