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. Accordi
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Corrosion Resistant Resin Market Analysis and higher demand than ever before

Resin is a viscous or solid substance that can be either natural or synthetic. To impart desirable corrosion resistance properties, corrosion resistance resins are primarily formulated as isophthalic, vinyl ester, and terephthalic resins. They're used in the oil and gas, automotive, and maritime industries. Corrosion, on the other hand, is a huge concern for manufacturers in various industries, since it causes significant monetary and property losses across the board. Due to features such as resistance to solvents, chemicals, moisture, and high temperatures, corrosion resistant resin is gaining interest in these areas. They're used in the production of glass containers, stainless steel, and coated steel, among other things.

One of the primary factors driving the growth of the corrosion resistant resin market is the rising demand for composite materials. Furthermore, traditional metals such as carbon steel and aluminium are being phased out in favour of composites, which offer benefits such as cost effectiveness and low maintenance. Corrosion-resistant materials are in high demand in the chemical sector, where revenue losses due to corrosion are enormous. Over the forecast period, the market is expected to rise due to the increasing use of corrosion resistant resins in equipment, buildings, and machinery.

 

Corrosion Resistant Resin Market
Corrosion Resistant Resin Market

Epoxy Resins are in higher demand than ever before

Because of its outstanding corrosion resistance, ease of application, and low cost, epoxy resin is expected to be the largest and fastest-growing market for corrosion-resistant resin.

Epoxy coatings are primarily used to protect manufacturing equipment, destructive chemical tanks, subterranean storage tanks, industrial scrubbers, effluent management, and pressure transfer pipe against erosion.

Epoxy coatings have a wide range of industrial uses due to their versatility. Because of their versatility, epoxy powder coatings are used on washers, dryers, and other white goods, as well as steel pipes and fittings used in the oil and gas industry, water transmission pipelines, and concrete reinforcing rebar.

Epoxy primers are used in the automotive, marine, and aerospace industries to protect against corrosion. Epoxy coatings are commonly used to prevent rusting on metal cans and containers, particularly in the food packaging business.

Tags: Chemical, Chemical Industry, Polymers and Resins, Corrosion Resistant Resin, Corrosion Resistant Resin Market

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