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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Global Acetonitrile Market Trends and Outlook

With the chemical formula CH3CN, acetonitrile is the most basic of organic nitriles. Cyanomethane, methyl cyanide, ethyl nitrile, methanecarbonitrile, and other names for it exist. It's a transparent, colourless liquid with a pleasant, ethereal odour that's used in pharmaceutical and functional material compounds as an intermediary. According to the report, acetonitrile is now in high demand in end-use sectors such as pharmaceuticals and HPLC applications, which is driving the market. The research covers all aspects of the industry, including market segmentation by region, market segmentation by end-uses, value chain analysis, import and export trends, key players, and market outlook. The paper also goes into detail about the acetonitrile manufacturing process, including critical success and risk factors for manufacturers, manufacturing process flow, reactions involved, raw materials and their requirements, and so on.

The global Acetonitrile Market is expected to grow significantly between 2021 and 2027. This is due to the compound's increasing use in the pharmaceutical industry, particularly as a solvent for casting and moulding plastics and extracting fatty acids from animals and vegetable oils. In addition, acetonitrile extraction operations will increase in the next years as its use in the production of personal care and cosmetic products, such as perfumes and acrylic nail removers, grows. Acetonitrile is a white liquid and organic nitrile that is primarily employed in the organic synthesis and purification of butadiene as a polar aprotic solvent. In laboratories, the chemical is used as a medium-polarity solvent since it has a wide liquid range and is miscible with water.


Acetonitrile Market
Acetonitriole market

Acetonitrile Market Trends:-

Because of its advantageous physical and chemical features, such as low freezing/boiling point and low viscosity, acetonitrile is widely used in the pharmaceutical sector as a critical solvent in the production of antibiotics. Due to its low toxicity, it is also considered safer than other important solvents such as dichloromethane. During the projected period, the worldwide Acetonitrile Market is expected to gain significant traction from the expanding pharmaceutical industry.

 

Acetonitrile Market Prognosis:

Because of the region's booming pharmaceutical and chemical industries, Asia Pacific dominates the global acetonitrile market. According to the International Trade Association, China was the world's second-largest pharmaceutical industry in 2015, with a market value of US$ 108 billion that is predicted to grow to US$ 167 billion by 2020.

 

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