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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Effect of Covid-19 on Unsaturated Polyester Resins Market and its Market Drivers

The polycondensation process between polyalcohols and polyacids produces polyester resin. Unsaturated polyester resins are commonly utilised with reinforcing elements like glass fibre. The unsaturated polyester resin is used in a variety of industries, including marine, construction, electrical, and transportation. It reduces fracturing and refracturing energy usage.

The Effects of COVID-19 on the Global Unsaturated Polyester Resin Market

COVID-19 has had a major economic influence on a number of financial and industrial sectors, including travel and tourism, manufacturing, and aviation. According to the World Bank and IMF, the biggest economic recession will occur between 2020 and 2021. Economic activity is diminishing as a result of an increasing number of countries implementing and prolonging lockdowns, which has an influence on the global economy.

The global economy has become significantly more intertwined in recent years. Global supply chain disruptions, lower demand for imported products and services, and an increase in the unemployment rate are all signs of the negative impacts of various efforts associated to COVID-19 containment. With all-time low interest rates and significant drops in equities and commodity prices, risk aversion has intensified in the financial industry. Consumer and business confidence levels have also plummeted. Reduces the amount of water used

Drivers:

The building and construction industry's growing demand for the product is a major driver of unsaturated polyester resins Market. Concrete, roofs, glass, and imitation marble are all examples of applications where resistance and flexibility are required. Unsaturated polyester resins also provide structures with other benefits like as impact resistance, weight reduction, load-bearing, sealing, space-saving, low maintenance, and lifespan.

 

Unsaturated Polyester Resins Market
Unsaturated Polyester Resins Market

Unsaturated polyester resins are predicted to rise in popularity as demand for composite materials grows across a variety of industries. In the marine sector, composite materials are employed in the construction of yachts and ships. Composites are also employed extensively in the aerospace and automotive industries. Composites are becoming more popular in the aerospace, construction, marine, and automotive industries as a result of their flexibility and cheaper cost.

 

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