According to the latest report by IMARC Group titled, “Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global footwear market size reached US$ 227.1 Billion in 2018. Looking forward, the market to reach a value of US$ 266.5 Billion by 2024, registering a CAGR of 2.7% during 2019-2024.
The global chocolate market grew at a CAGR of around 5% during 2014-2019. Looking forward, IMARC Group expects the market to continue its moderate growth during the next five years. Chocolate, extracted from the roasted cacao seeds, is primarily used in confectioneries and bakery products. The surging demand for chocolates in the food and beverage industry is one of the major factors augmenting the market growth. Furthermore, the wide availability of chocolates in different forms, such as dark chocolate, chocolate syrup, milk chocolate, sprinkles, etc., also propels the product demand.
The global isocyanates market grew at a CAGR of around 7% during 2014-2019. Isocyanate is a highly reactive organic compound containing isocyanate group (-NCO) molecules. It is formed by the reaction of phosgene and amine with water. Isocyanates are produced from raw materials, including crude oil, propylene, toluene, aniline, and benzene. Few common types of isocyanates include aliphatic isocyanate, methylene diphenyl diisocyanate (MDI), and toluene diisocyanate (TDI).
The global cystic fibrosis therapeutics market grew at a CAGR of around 15% during 2014-2019. Cystic fibrosis (CF) is a progressive disease affecting the cells that produce mucus, sweat and digestive tissues. Its symptoms include persistent coughing, frequent lung infections, shortness of breath, bulky stools and male infertility. The CF diagnosis is undertaken by reviewing symptoms, performing a physical examination and conducting several tests.
The global metalworking fluids market is reached a value of US$ 11.3 Billion in 2019. Metalworking fluids (MWF) include liquids and oils that lubricate and cool down metal pieces during mechanization, grounding, and milling. The MWFs minimize friction and heat from in-between the cutting equipment and the workpiece to prevent smoke or burn by inhibiting corrosion. These fluids are used extensively in mechanical workshops for cutting and shaping metals.
The global digital manufacturing market is currently witnessing strong growth. Digital manufacturing refers to the process of virtual production of goods in the form of digital prototypes via a Computer-Aided Design (CAD) software. The software is primarily integrated with 3D visualization, simulation, analytics, and collaboration tools for streamlining the manufacturing processes. Digital manufacturing solutions are deployed for performing numerous factory-related applications including machining, tooling, assembly sequencing, and designing plant layouts.
The global virtual events market is currently witnessing strong growth. A virtual event refers to a web-based event that involves individuals interacting in a virtual space through smartphones, laptops, desktop computers and tablets.Virtual events are web-based events where individuals interact in a virtual space via internet connectivity and smart devices. It incorporates breakout sessions, video and web conferencing, social networking, etc. Virtual events are more personalized and cost-effective than conventional conferencing methods.
The global E. Coli testing market grew at a CAGR of around 7% during 2014-2019. Escherichia coli (E. Coli) testing refers to the process of detecting and monitoring the presence of foodborne pathogens. Escherichia coli (E. Coli) testing includes detecting and monitoring of foodborne pathogens. E. Coli bacteria are generally present in contaminated food and water, undercooked products, cheese manufactured from raw milk, unpasteurized milk, and raw fruits and vegetables. It can cause food poisoning, pneumonia, and urinary tract infections (UTIs). Few clinical testing methods for E.
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