Future Prospects of Global Laboratory Proficiency Testing Market

Image
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

Definition of Oilfield Stimulation Chemicals Market and Drivers, Restraints

Oilfield stimulation chemicals are a diverse group of speciality chemicals used to aid and support the stimulation process in the oilfield. Stimulation treatments are used to help a well's productivity be restored or improved. Improved productivity of the new flow channels leads to better oil and gas recovery from the targeted formation.

To control the bacteria present in the fracturing fluid near the surface, acids and biocides are applied. In very acidic and saline settings, corrosion inhibitors are frequently necessary to protect metal equipment. During the pumping operation, friction pressure is an issue. Friction inhibitors can be used to effectively control it. Gelling agents can be used to control the viscosity of fluids.

Drivers and Restraints for Oilfield Stimulation Chemicals Market

Because of low prices, the oil and gas industry has seen a drop in production recently. Surfactants are lubricants used in oilfield chemicals. Corrosion inhibitors, wetting agents, dispersants, foam control agents, and biocides are all examples of their uses. The oil and gas industry's contraction is expected to have a negative impact on demand for oilfield stimulation chemicals in the near future. During the forecast period, this is expected to hinder the oilfield stimulation chemicals market.

Oilfield Stimulation Chemicals Market
Oilfield Stimulation Chemicals Market


Definition of the Global Oilfield Stimulation Chemicals Market

A simulation approach is used to improve and restore the production of oil wells. Oil stimulation chemicals are used to aid and improve the stimulation process during the extraction of crude oil. The free flow of hydrocarbons from the wells is aided by these chemicals. Biocides, acids, corrosion inhibitors, gelling agents/viscosities, friction reducers, water control polymers, iron control agents, and breakers are among the chemicals utilised in various oil extraction procedures.

Among them, the most regularly used oilfield stimulation chemicals are gelling agents or viscosities, and acid stimulation is the most commonly utilised oil extraction procedure. Oilfield stimulation chemicals are frequently used to alleviate problems that develop before to and during the oil extraction process. It minimises the amount of water used and saves energy during fracturing.

 

Comments

Popular posts from this blog

Global Disposable Face Mask Market Share

Future Prospects of Global Laboratory Proficiency Testing Market

Organic Milk Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026