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...
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Expandable Graphite Market Research and Analysis

Graphite is a carbon-based material that is commonly utilised in refractories, lubricants, and construction materials. It has great thermal shock resistance and a high metal removal rate. Graphite is a non-metal material with great strength, stiffness, and excellent heat and electrical conductivity. Natural graphite and synthetic graphite are the two types of graphite available. Graphite is on the verge of exploding in popularity. It is a critical addition in the construction of numerous industrial items and fire-safe building materials, as it is one of the world's most versatile manufacturing materials. It's also a critical component in emerging technologies, such as cutting-edge batteries that are transforming energy storage, transportation, and mobile devices.

Market Drivers for Graphite in the World

The growing demand for lithium-ion batteries is a major driver driving graphite market growth. Refractories, lining, and foundry facing are all made from graphite. Furthermore, rising demand for lithium-ion batteries is being driven by rising adoption of electric vehicles due to environmental concerns, as well as the growing need for fuel-efficient vehicles. Graphite is utilised as an anode material in lithium batteries. As a result, rising demand for lithium-ion batteries is likely to boost graphite market growth.


Graphite Market
Graphite Market


Opportunities in the Global Graphite Market

The rising need for fuel-efficient aircraft is expected to open new doors for the graphite market. It's employed in the construction of light aeroplanes. Graphite demand is being driven by an increase in the use of lightweight, fuel-efficient aircraft as a result of growing environmental concerns. As a result of increased aircraft manufacturing and sales around the world as a result of strong growth in the travel and tours industry, the graphite market is expected to rise over the forecast period.

 

Restraints in the Global Graphite Market

Market expansion is being hampered by low output in China as a result of the region's mining industry slowing down. This is owing to the increased adoption of different severe environmental rules and regulations, which has resulted in a decrease in graphite production in the country, which is expected to stifle graphite market growth in the near future.

 

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