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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Global Paraformaldehyde Market Outlook

Paraformaldehyde is a crystalline white substance that is extensively used as a disinfectant and fixative. Due to breakdown, this smallest polyoxymethylene emits a strong pungent odour akin to formaldehyde. It has a formaldehyde content of 89-91 percent and a water content of 9-11 percent. The vacuum drying and spray drying techniques are the two main methods for manufacturing paraformaldehyde. It's poisonous, and it's designated as a hazardous cargo. It also has the potential to cause cancer.

The need for paraformaldehyde to make disinfectants, fumigants, fixatives, and fungicides is growing, propelling the global paraformaldehyde market forward. At the same time, the industry's expanding interest in organic chemical synthesis, fertilisers, pharmaceuticals, printing and photography, fluorescent lighting, consumer items, cleaning products, personal care products, and intermediate additives is likely to open up a slew of new prospects.

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Paraformaldehyde Market
 

Paraformaldehyde is a white crystalline solid that is formed via formaldehyde polymerization and produces a white precipitate in formaldehyde aqueous solution. To control the degree of polymerization, a tiny amount of methanol is typically used as a stabiliser. Once depolymerized, paraformaldehyde is used as a fungicide, disinfectant, fixative, and fumigant. It was also widely used as a thermoplastic in the treatment of root canals.

 

Market Outlook

Paraformaldehyde is used heavily in the production of agrochemicals such as pesticides, fungicides, and insecticides. Powdered paraformaldehyde, on the other hand, is harmful to human health, especially mucosal membranes. It should be handled with utmost caution and avoided coming into contact with the eyes, nose, or skin. The harmful health effects of paraformaldehyde are a major disincentive to the global paraformaldehyde business. Long-term exposure can also be lethal, causing cancer as well as nasal and ocular irritation, limiting the expansion of the paraformaldehyde market.

 

The Asia Pacific market is fueled by China's increasing consumption and production of paraformaldehyde. Due to the widespread usage of fumigant, disinfectant, fungicide, and fixative in India, the market is predicted to grow significantly. Due to varying laws on the use of pesticides and fungicides in certain European Union member countries, the market in Europe is likely to grow slowly. The market for paraformaldehyde in North America is predicted to increase significantly.

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