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According to the report published the global track and trace solutions market size was prized at USD 2.2 billion in 2019 and is estimated to witness 18.5% CAGR for the duration of the forecast. The rewards, linked with track and trace solutions, like verification services of product ID, incessant clearness and logistics management, helps in comfortable movement of the product in the supply network. This is most important driver of the market.
With reference to the report published, the global adhesion barrier market size was priced at USD 695.5 million in 2019 and is estimated to witness 7.1% CAGR for the duration of the forecast. Increasing population of aged people along with the growing number of surgical treatments are the factors, impelling the market growth. The growing frequency of invasive surgical treatments plus the greater possibility of problems occurring after the surgery is helping in the progression of the market.
According to the report, in 2019, the global location intelligence market size was priced at USD 10.6 billion. It is projected to develop by 15.2% CAGR during the forecast period from 2020 to 2027. Location intelligence assists in spotting opening, pattern and the threat for the businesses, by way of facilitating the demographics, geography and the information about the site.
According to the report, the global silicon carbide market was prized by USD 2.52 billion in 2019 and is estimated to record almost 16.1% CAGR, from 2020 to 2027.The rising steel industry is expected to push the development since silicon carbide (SiC) is utilized as a deoxidizing mediator in the steel manufacturing. It is a most important raw material in the manufacturing of refractory.
The global specialty carbon black market size was worth USD 2.0 billion in 2019. The market is projected to register a CAGR of 8.9% over the forecast duration, 2020 to 2027. Growing demand for the product in belts, tires, molding plastic and hoses as a reinforcing agent is projected to drive the market growth. In addition, the product is used in conductive polymer to improve its conductivity.
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