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...

Ion Exchange Resins Market: Outlook, Restraints and Trends

Ion exchange resins are utilised in a variety of sectors for purification and softening of water. They can remove chlorine, a radioactive element, and organic compounds from water, which can then be employed for a variety of industrial applications. Ion exchange resins are used in a variety of industries, including food and beverage, chemical processing, power generation, electronics, wastewater treatment, and mining.

Because of the presence of numerous impurities such as pollution, industry wastes, and harmful microorganisms in drinking water, the use of ion exchange resins for water treatment has increased dramatically. One of the key factors driving the worldwide ion exchange resins market is this. Furthermore, as a result of increased industrialisation, various steps are being taken to reduce air pollution, which has contributed to the increased demand for ion exchange resins around the world. This has had a favourable impact on the market's growth. Ion exchange resins are also being utilised more frequently in sugar refining, MTBE catalysis, liquid glucose, and gold and uranium mining, among other applications.

Polymers and insoluble matrices known as ion exchange resins have the ability to exchange certain ions in the polymer with those in the solution. This ion exchange Market occurs without causing any changes to the substance. Ion exchange properties can be found in several natural substances, such as cellulose, soil particles, proteins, and live cells. Ion exchange resins are microbeads that are white or yellowish in colour. These polymers are mostly employed in decontamination, separation, and purification operations.


Ion Exchange Resins Market


Market Restraints

Strict laws and restrictions, such as those set by the European Commission and the Environmental Protection Agency (EPA), are likely to stifle the market growth of ion exchange resins.

The market growth of ion exchange resins is projected to be limited by the fluctuating price of raw materials used in their manufacture over the forecast period.

 

Market Trends

The government's increasing investment in infrastructure development is likely to boost the market for ion exchange resins. Growth in the mining industry, combined with increasing industrialisation, is predicted to increase demand for freshwater, accelerating the market growth of ion exchange resins. All of these reasons are predicted to help the ion exchange resins market grow.

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