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

Drilling Chemicals Market Overview, drivers and Regional Insights

Oil and gas exploration, metal and mineral extraction, coal seam gas drilling, and bore well drilling are all activities that employ drilling chemicals. Drilling chemicals aid in the cooling and lubricating of drilling equipment, the maintenance of pressure, the removal of cuttings from bore wells, and the support and stabilisation of the bore well region. Drilling chemicals are frequently used to assist in the drilling of boreholes into the earth's crust.

In terms of applications, the onshore Drilling Chemicals Market dominates. Severe climatic circumstances, such as desert topography, extreme high and low temperatures, and a dry environment, need the use of a variety of drilling chemicals as a cooling agent or a lubricant for oil field drilling activities.

Metal and mineral extraction, oil and gas exploration, coal seam gas drilling, and borewell drilling all require drilling chemicals Market. Depending on their usage, drilling chemicals can be divided into two categories: offshore and onshore chemicals. These chemicals' primary roles include maintaining borewell pressure, cooling and lubricating drilling equipment, removing cuttings from bore wells, and supporting and stabilising the borewell area.

 

Drilling Chemicals Market
Drilling Chemicals Market

Drilling Chemicals Market Regional Insights

Northern America leads the market among all regions, followed by Latin America, Africa, and the Middle East. Drilling chemicals are in high demand due to the development of shale in Canada and the United States, notably in hydraulic and horizontal drilling. Because the cost of offshore wells is significantly greater than onshore wells, the development of onshore wells will fuel the drilling chemical industry more than offshore wells. Deepwater offshore activities are being driven by declining reserves in shallow and onshore waters, as well as advancements in drilling technology. Brazil, West Africa, the United States, and the Gulf of Mexico are the most affected. Due to significant oil gains and rising offshore activities, Brazil is the fastest expanding market. Drilling chemicals have a direct impact on the environment, thus product producers must adhere to tight regulatory guidelines to ensure that safety, the environment, and human health are all addressed. To reduce health and environmental risks, government bodies are involved in the product development life cycle.

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