Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...
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Engineering Plastics Market: Analysis, Insights and opportunities

 Chemical stability, impact resistance, durability, and thermal and dimensional stability are all significant properties of engineering plastics, which are used in a number of manufacturing industries. Engineering plastics are rapidly replacing metals and wood in the building and vehicle industries due to their high mechanical strength. These materials reduce the total weight of the vehicle and increase its fuel efficiency. They're employed in the manufacture of automobile exterior and interior parts, as well as the powertrain. Due to its strong resilience to numerous environmental variables such as chemicals, high temperatures, and abrasion, engineering plastic is also employed in the electronic industry. As a result, it's an excellent material for making consumer electronics.

This Engineering Plastics Market Report covers recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographies, and more.Contact us for an Analyst Brief to learn more about the Data Bridge Market Research Engineering Plastics Market. Our experts will assist you in making an informed market decision to achieve market growth.


Engineering Plastics Market
Engineering Plastics Market

For the projection period of 2020 to 2027, the Engineering Plastics Market is predicted to increase at a 6.90 percent annual pace. The study examines the expansion of the engineering plastics industry as a result of the increasing need for high-speed vessels.

Growing demand for engineering plastics for enhanced goods can boost market demand, while increasing acceptance of 3D printing with polyamides as a feedstock can be a market potential. The market's expansion may be hampered by the widespread availability of cheaper alternatives. Manufacturing engineering plastics is a time-consuming process that can be a difficulty for producers.

 

 

Opportunities in the Market

The engineering plastic market is predicted to develop due to strong expansion in end-use sectors such as automotive and transportation, electrical and electronics, and medical. Plastic components, most notably for interior elements and components, account for 16 percent of the weight of an average automobile, according to the European Union. As a result, expansion in end-user industries is likely to present a huge potential for the engineering plastic market.

 

The developing market in the APAC region, owing to rising population, rising income levels, urbanisation, and other factors, is expected to provide the industry with huge potential opportunities throughout the forecast period.Due to the large presence of vehicles, electronic items, consumer appliances, and industrial and equipment makers in Asia Pacific, the market is expected to grow at a relatively fast pace. Over the forecast period, this is expected to boost market growth.

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